IAUM vs. GFI
IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM, while GFI (Gold Fields Limited) is a stock. Over the past 3 years, IAUM returned 29.28%/yr vs 39.19%/yr for GFI. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
IAUM vs. GFI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAUM achieves a -2.40% return, which is significantly higher than GFI's -13.96% return.
IAUM
- 1D
- 0.10%
- 1M
- -7.37%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
GFI
- 1D
- 1.67%
- 1M
- -9.36%
- YTD
- -13.96%
- 6M
- -13.63%
- 1Y
- 47.65%
- 3Y*
- 39.19%
- 5Y*
- 32.03%
- 10Y*
- 27.45%
IAUM vs. GFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
GFI Gold Fields Limited | -13.96% | 240.42% | -6.27% | 44.90% | -2.61% | 25.45% |
Correlation
The correlation between IAUM and GFI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.66 |
The correlation between IAUM and GFI has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IAUM vs. GFI — Risk / Return Rank
IAUM
GFI
IAUM vs. GFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Gold Fields Limited (GFI). 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 | GFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.15 | -0.16 |
| Martin ratioReturn relative to average drawdown | 2.87 | 3.06 | -0.19 |
Loading charts...
Drawdowns
IAUM vs. GFI - Drawdown Comparison
The maximum IAUM drawdown since its inception was -24.37%, smaller than the maximum GFI drawdown of -88.05%. Use the drawdown chart below to compare losses from any high point for IAUM and GFI.
Loading charts...
Drawdown Indicators
| IAUM | GFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -88.05% | +63.68% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -43.90% | +19.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -43.90% | +19.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.09% | — |
Current DrawdownCurrent decline from peak | -21.99% | -38.93% | +16.94% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -44.25% | +38.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 16.51% | -8.05% |
Volatility
IAUM vs. GFI - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 7.71%, while Gold Fields Limited (GFI) has a volatility of 17.70%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAUM | GFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 17.70% | -9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 23.82% | 46.40% | -22.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.06% | 59.94% | -32.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 52.37% | -34.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 54.90% | -36.85% |
Dividends
IAUM vs. GFI - Dividend Comparison
IAUM has not paid dividends to shareholders, while GFI's dividend yield for the trailing twelve months is around 5.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFI Gold Fields Limited | 5.04% | 1.77% | 2.94% | 2.87% | 3.40% | 3.24% | 1.72% | 0.81% | 1.61% | 1.41% | 1.35% | 0.60% |
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 GFI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFI has higher volatility (17.70%) compared to IAUM (7.71%). In terms of maximum drawdown, IAUM dropped -24.37% vs GFI's -88.05%.
IAUM currently has the higher Sharpe Ratio (0.90 vs 0.85), 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.
Find the right allocation for IAUM and GFI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer