IAU vs. PG
IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price, while PG (The Procter & Gamble Company) is a stock. Over the past 10 years, IAU returned 12.31%/yr vs 8.96%/yr for PG. At a 0.04 correlation, their price movements are largely independent.
Performance
IAU vs. PG - Performance Comparison
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Returns By Period
In the year-to-date period, IAU achieves a -2.44% return, which is significantly lower than PG's 5.93% return. Over the past 10 years, IAU has outperformed PG with an annualized return of 12.31%, while PG has yielded a comparatively lower 8.96% annualized return.
IAU
- 1D
- 0.08%
- 1M
- -7.39%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 22.32%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
PG
- 1D
- 0.86%
- 1M
- 5.68%
- YTD
- 5.93%
- 6M
- 6.28%
- 1Y
- -3.97%
- 3Y*
- 3.69%
- 5Y*
- 4.73%
- 10Y*
- 8.96%
IAU vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
PG The Procter & Gamble Company | 5.93% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
Correlation
The correlation between IAU and PG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | 0.04 |
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Return for Risk
IAU vs. PG — Risk / Return Rank
IAU
PG
IAU vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and The Procter & Gamble Company (PG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAU | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.97 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.37 | +1.35 |
| Martin ratioReturn relative to average drawdown | 2.83 | -0.68 | +3.51 |
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Drawdowns
IAU vs. PG - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, smaller than the maximum PG drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for IAU and PG.
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Drawdown Indicators
| IAU | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -54.25% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -15.52% | -8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -21.15% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -23.77% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | -23.77% | -0.63% |
Current DrawdownCurrent decline from peak | -22.03% | -13.29% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -12.16% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 8.80% | -0.33% |
Volatility
IAU vs. PG - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 7.70% compared to The Procter & Gamble Company (PG) at 6.99%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAU | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 6.99% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 15.01% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.17% | 18.78% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 17.82% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 19.05% | -3.03% |
Dividends
IAU vs. PG - Dividend Comparison
IAU has not paid dividends to shareholders, while PG's dividend yield for the trailing twelve months is around 2.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PG The Procter & Gamble Company | 2.85% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Frequently Asked Questions
IAU and PG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAU has higher volatility (7.70%) compared to PG (6.99%). In terms of maximum drawdown, IAU dropped -45.14% vs PG's -54.25%.
IAU currently has the higher Sharpe Ratio (0.89 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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