IAUM vs. BAR
Compare and contrast key facts about iShares Gold Trust Micro ETF of Benef Interest (IAUM) and GraniteShares Gold Shares (BAR).
IAUM and BAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. BAR is a passively managed fund by GraniteShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Aug 31, 2017. Both IAUM and BAR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAUM or BAR.
Correlation
The correlation between IAUM and BAR is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IAUM vs. BAR - Performance Comparison
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Key characteristics
IAUM:
2.24
BAR:
2.23
IAUM:
2.94
BAR:
2.94
IAUM:
1.38
BAR:
1.38
IAUM:
4.75
BAR:
4.77
IAUM:
12.54
BAR:
12.55
IAUM:
3.07%
BAR:
3.05%
IAUM:
17.57%
BAR:
17.55%
IAUM:
-20.87%
BAR:
-21.53%
IAUM:
-5.12%
BAR:
-5.12%
Returns By Period
The year-to-date returns for both stocks are quite close, with IAUM having a 23.81% return and BAR slightly lower at 23.79%.
IAUM
23.81%
0.53%
24.90%
38.94%
N/A
N/A
BAR
23.79%
0.56%
24.85%
38.80%
13.23%
N/A
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IAUM vs. BAR - Expense Ratio Comparison
IAUM has a 0.15% expense ratio, which is lower than BAR's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IAUM vs. BAR — Risk-Adjusted Performance Rank
IAUM
BAR
IAUM vs. BAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro ETF of Benef Interest (IAUM) and GraniteShares Gold Shares (BAR). 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.
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Dividends
IAUM vs. BAR - Dividend Comparison
Neither IAUM nor BAR has paid dividends to shareholders.
Drawdowns
IAUM vs. BAR - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, roughly equal to the maximum BAR drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for IAUM and BAR. For additional features, visit the drawdowns tool.
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Volatility
IAUM vs. BAR - Volatility Comparison
iShares Gold Trust Micro ETF of Benef Interest (IAUM) and GraniteShares Gold Shares (BAR) have volatilities of 8.64% and 8.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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