IAUM vs. EPI
IAUM (iShares Gold Trust Micro) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while EPI is a India Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 5 years, IAUM returned 17.21%/yr vs 5.95%/yr for EPI. At a 0.20 correlation, their price movements are largely independent. IAUM charges 0.09%/yr vs 0.84%/yr for EPI.
Performance
IAUM vs. EPI - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -7.12% return, which is significantly higher than EPI's -8.90% return.
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
EPI
- 1D
- -0.35%
- 1M
- -1.98%
- 6M
- -7.05%
- YTD
- -8.90%
- 1Y
- -9.35%
- 3Y*
- 5.70%
- 5Y*
- 5.95%
- 10Y*
- 8.57%
- ALL TIME*
- 3.81%
IAUM vs. EPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -7.12% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
EPI WisdomTree India Earnings Fund | -8.90% | 2.25% | 10.70% | 26.03% | -4.74% | 7.89% |
Correlation
The correlation between IAUM and EPI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.20 |
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Return for Risk
IAUM vs. EPI — Risk / Return Rank
IAUM
EPI
IAUM vs. EPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and WisdomTree India Earnings Fund (EPI). 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.
| IAUM | EPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.60 | +1.35 |
| Martin ratioReturn relative to average drawdown | 1.75 | -1.41 | +3.16 |
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Drawdowns
IAUM vs. EPI - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for IAUM and EPI.
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Drawdown Indicators
| IAUM | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -66.21% | +39.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -15.69% | -10.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -21.89% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -21.89% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.29% | — |
Current DrawdownCurrent decline from peak | -25.77% | -16.80% | -8.97% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -18.63% | +12.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | 6.64% | +4.60% |
Volatility
IAUM vs. EPI - Volatility Comparison
iShares Gold Trust Micro (IAUM) has a higher volatility of 6.30% compared to WisdomTree India Earnings Fund (EPI) at 3.67%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 3.67% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | 13.03% | +10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 15.25% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 16.27% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 20.27% | -2.10% |
IAUM vs. EPI - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than EPI's 0.84% expense ratio.
Dividends
IAUM vs. EPI - Dividend Comparison
Neither IAUM nor EPI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAUM and EPI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (6.30%) compared to EPI (3.67%). In terms of maximum drawdown, IAUM dropped -26.31% vs EPI's -66.21%.
On 5-year performance, IAUM leads with 17.21% vs 5.95% for EPI. On fees, IAUM is cheaper at 0.09% per year. On volatility, EPI has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAUM has performed better with a 17.21% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.84% for EPI.
IAUM and EPI have nearly identical dividend yields, around 0.00%.
IAUM is categorized as Gold, while EPI is India Equities. IAUM tracks LBMA Gold Price PM, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for IAUM and 0.84% for EPI.
IAUM currently has the higher Sharpe Ratio (0.71 vs -0.62), 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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