IAUM vs. BTC-USD
IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, IAUM returned 29.97%/yr vs 31.02%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
IAUM vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a 0.07% return, which is significantly higher than BTC-USD's -29.97% return.
IAUM
- 1D
- -3.63%
- 1M
- -8.02%
- YTD
- 0.07%
- 6M
- 2.72%
- 1Y
- 28.61%
- 3Y*
- 29.97%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
IAUM vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.07% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 28.71% |
Correlation
The correlation between IAUM and BTC-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.11 |
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Return for Risk
IAUM vs. BTC-USD — Risk / Return Rank
IAUM
BTC-USD
IAUM vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Bitcoin (BTC-USD). 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.
| IAUM | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.87 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.78 | +2.22 |
| Martin ratioReturn relative to average drawdown | 3.64 | -1.39 | +5.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAUM | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | -0.93 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.13 | -0.02 |
Drawdowns
IAUM vs. BTC-USD - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IAUM and BTC-USD.
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Drawdown Indicators
| IAUM | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -85.30% | +64.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.02% | -50.87% | +30.85% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -50.87% | +30.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -20.02% | -50.87% | +30.85% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -42.29% | +36.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 34.02% | -26.14% |
Volatility
IAUM vs. BTC-USD - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 5.63%, while Bitcoin (BTC-USD) has a volatility of 10.54%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 10.54% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | 34.26% | -11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.56% | 35.65% | -9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 44.98% | -27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 56.70% | -38.77% |
Frequently Asked Questions
IAUM and BTC-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.54%) compared to IAUM (5.63%). In terms of maximum drawdown, IAUM dropped -20.87% vs BTC-USD's -85.30%.
IAUM currently has the higher Sharpe Ratio (1.08 vs -0.93), 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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