IAUGY vs. GLDM

Last updated Jul 4, 2026

IAUGY (Insurance Australia Group Ltd ADR) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, IAUGY returned 13.38%/yr vs 18.05%/yr for GLDM. At a 0.05 correlation, their price movements are largely independent.

Performance

IAUGY vs. GLDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Insurance Australia Group Ltd ADR (IAUGY) and SPDR Gold MiniShares Trust (GLDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUGY achieves a 12.14% return, which is significantly higher than GLDM's -4.49% return.

IAUGY

• 1D: 0.00%
• 1M: 11.61%
• 6M: 12.14%
• YTD: 12.14%
• 1Y: 7.61%
• 3Y*: 21.26%
• 5Y*: 13.38%
• 10Y*: 7.77%

GLDM

• 1D: 2.03%
• 1M: -7.27%
• 6M: -4.90%
• YTD: -4.49%
• 1Y: 23.47%
• 3Y*: 28.81%
• 5Y*: 18.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IAUGY vs. GLDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IAUGY Insurance Australia Group Ltd ADR	12.14%	6.12%	50.54%	18.46%	6.32%	-16.94%	-29.42%	15.61%	-21.47%
GLDM SPDR Gold MiniShares Trust	-4.49%	64.20%	27.08%	13.04%	-0.47%	-4.01%	25.10%	18.10%	1.75%

Correlation

The correlation between IAUGY and GLDM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018	0.05

The correlation between IAUGY and GLDM shifts across timeframes, from -0.08 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

IAUGY vs. GLDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAUGY

IAUGY Risk / Return Rank: 51
IAUGY Sharpe Ratio Rank: 50
IAUGY Sortino Ratio Rank: 47
IAUGY Omega Ratio Rank: 54
IAUGY Calmar Ratio Rank: 52
IAUGY Martin Ratio Rank: 53

GLDM

GLDM Risk / Return Rank: 24
GLDM Sharpe Ratio Rank: 26
GLDM Sortino Ratio Rank: 23
GLDM Omega Ratio Rank: 28
GLDM Calmar Ratio Rank: 21
GLDM Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAUGY vs. GLDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Insurance Australia Group Ltd ADR (IAUGY) and SPDR Gold MiniShares Trust (GLDM). 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.

	IAUGY	GLDM	Difference
Sharpe ratio: Return per unit of total volatility	0.16	0.83	-0.67
Sortino ratio: Return per unit of downside risk	0.58	1.19	-0.60
Omega ratio: Gain probability vs. loss probability	1.11	1.17	-0.06
Calmar ratio: Return relative to maximum drawdown	0.31	0.87	-0.56
Martin ratio: Return relative to average drawdown	0.76	2.28	-1.52

IAUGY vs. GLDM - Sharpe Ratio Comparison

The current IAUGY Sharpe Ratio is 0.16, which is lower than the GLDM Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of IAUGY and GLDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IAUGY vs. GLDM - Drawdown Comparison

The maximum IAUGY drawdown since its inception was -51.36%, which is greater than GLDM's maximum drawdown of -26.11%. Use the drawdown chart below to compare losses from any high point for IAUGY and GLDM.

Drawdown Indicators

	IAUGY	GLDM	Difference
Max Drawdown Largest peak-to-trough decline	-51.36%	-26.11%	-25.25%
Max Drawdown (1Y) Largest decline over 1 year	-24.78%	-26.11%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-26.11%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	-26.11%	-2.03%
Max Drawdown (10Y) Largest decline over 10 years	-51.36%	—	—
Current Drawdown Current decline from peak	-2.48%	-23.63%	+21.15%
Average Drawdown Average peak-to-trough decline	-17.91%	-6.38%	-11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	9.96%	+0.07%

Volatility

IAUGY vs. GLDM - Volatility Comparison

Insurance Australia Group Ltd ADR (IAUGY) has a higher volatility of 29.45% compared to SPDR Gold MiniShares Trust (GLDM) at 8.96%. This indicates that IAUGY's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUGY	GLDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.45%	8.96%	+20.49%
Volatility (6M) Calculated over the trailing 6-month period	39.79%	24.02%	+15.77%
Volatility (1Y) Calculated over the trailing 1-year period	48.09%	27.54%	+20.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.70%	18.24%	+22.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.62%	17.05%	+18.57%

Dividends

IAUGY vs. GLDM - Dividend Comparison

IAUGY's dividend yield for the trailing twelve months is around 3.48%, while GLDM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDM SPDR Gold MiniShares 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%
IAUGY Insurance Australia Group Ltd ADR	3.48%	3.66%	3.38%	2.69%	2.11%	4.81%	1.23%	1.37%	8.51%	3.60%	8.29%	5.59%

Frequently Asked Questions

Can I hold both IAUGY and GLDM in my portfolio?

IAUGY and GLDM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAUGY or GLDM?

IAUGY has higher volatility (29.45%) compared to GLDM (8.96%). In terms of maximum drawdown, IAUGY dropped -51.36% vs GLDM's -26.11%.

Which has better risk-adjusted returns?

GLDM currently has the higher Sharpe Ratio (0.83 vs 0.16), 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.