IAUM vs. FSAGX
IAUM (iShares Gold Trust Micro) and FSAGX (Fidelity Select Gold Portfolio) are both Gold funds. Over the past 5 years, IAUM returned 17.35%/yr vs 15.42%/yr for FSAGX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. IAUM charges 0.09%/yr vs 0.73%/yr for FSAGX.
Performance
IAUM vs. FSAGX - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.09% return, which is significantly higher than FSAGX's -7.00% return.
IAUM
- 1D
- -1.46%
- 1M
- -1.68%
- 6M
- -16.73%
- YTD
- -6.09%
- 1Y
- 20.58%
- 3Y*
- 27.63%
- 5Y*
- 17.35%
- 10Y*
- —
- ALL TIME*
- 17.70%
FSAGX
- 1D
- 4.33%
- 1M
- -1.70%
- 6M
- -15.93%
- YTD
- -7.00%
- 1Y
- 45.29%
- 3Y*
- 35.46%
- 5Y*
- 15.42%
- 10Y*
- 8.60%
- ALL TIME*
- 6.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $77.48M | $77.88M | $93.44M |
IAUM vs. FSAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.09% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
FSAGX Fidelity Select Gold Portfolio | -7.00% | 143.05% | 14.97% | -0.37% | -13.46% | -5.51% |
Correlation
The correlation between IAUM and FSAGX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.78 |
The correlation between IAUM and FSAGX has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
IAUM vs. FSAGX — Risk / Return Rank
IAUM
FSAGX
IAUM vs. FSAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Fidelity Select Gold Portfolio (FSAGX). 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 | FSAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.24 | -0.36 |
| Martin ratioReturn relative to average drawdown | 1.90 | 2.75 | -0.84 |
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Drawdowns
IAUM vs. FSAGX - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum FSAGX drawdown of -77.21%. Use the drawdown chart below to compare losses from any high point for IAUM and FSAGX.
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Drawdown Indicators
| IAUM | FSAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -77.21% | +50.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -37.90% | +11.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -37.90% | +11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -45.94% | +19.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.57% | — |
Current DrawdownCurrent decline from peak | -24.95% | -31.89% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -33.34% | +27.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 17.13% | -4.99% |
Volatility
IAUM vs. FSAGX - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 6.29%, while Fidelity Select Gold Portfolio (FSAGX) has a volatility of 12.39%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than FSAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | FSAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 12.39% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 38.50% | -15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 46.25% | -18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 34.53% | -16.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 33.42% | -15.23% |
IAUM vs. FSAGX - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than FSAGX's 0.73% expense ratio.
Dividends
IAUM vs. FSAGX - Dividend Comparison
IAUM has not paid dividends to shareholders, while FSAGX's dividend yield for the trailing twelve months is around 5.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSAGX Fidelity Select Gold Portfolio | 5.52% | 2.17% | 3.62% | 0.99% | 0.36% | 1.60% | 4.40% | 0.40% | 0.00% | 0.22% | 3.57% |
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% |
Frequently Asked Questions
IAUM and FSAGX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSAGX has higher volatility (12.39%) compared to IAUM (6.29%). In terms of maximum drawdown, IAUM dropped -26.31% vs FSAGX's -77.21%.
FSAGX currently has the higher Sharpe Ratio (1.02 vs 0.83), 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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