IAUM vs. GOLI
IAUM (iShares Gold Trust Micro) and GOLI (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while GOLI is a Derivative Income fund actively managed by Defiance. IAUM is passively managed, while GOLI is actively managed. Over the past year, IAUM returned 20.61% vs 4.70% for GOLI. Their correlation of 0.88 means they have usually moved in the same direction. IAUM charges 0.09%/yr vs 0.99%/yr for GOLI.
Performance
IAUM vs. GOLI - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.07% return, which is significantly higher than GOLI's -9.80% return.
IAUM
- 1D
- 0.02%
- 1M
- -1.66%
- 6M
- -12.99%
- YTD
- -6.07%
- 1Y
- 20.61%
- 3Y*
- 27.70%
- 5Y*
- 17.38%
- 10Y*
- —
- ALL TIME*
- 17.68%
GOLI
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- -9.71%
- YTD
- -9.80%
- 1Y
- 4.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $218.07K | $245.45K | $411.06K | |
| $79.21M | $72.37M | $93.87M |
IAUM vs. GOLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUM iShares Gold Trust Micro | -6.07% | 38.19% |
GOLI Defiance Gold Enhanced Options Income ETF | -9.80% | 15.16% |
Correlation
The correlation between IAUM and GOLI is 0.88, 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. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.88 |
The correlation between IAUM and GOLI has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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Return for Risk
IAUM vs. GOLI — Risk / Return Rank
IAUM
GOLI
IAUM vs. GOLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Defiance Gold Enhanced Options Income ETF (GOLI). 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 | GOLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.18 | +0.60 |
| Martin ratioReturn relative to average drawdown | 1.69 | 0.49 | +1.20 |
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Drawdowns
IAUM vs. GOLI - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, roughly equal to the maximum GOLI drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for IAUM and GOLI.
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Drawdown Indicators
| IAUM | GOLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -25.88% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -25.88% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Current DrawdownCurrent decline from peak | -24.93% | -19.79% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -5.77% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.24% | 9.59% | +2.65% |
Volatility
IAUM vs. GOLI - Volatility Comparison
iShares Gold Trust Micro (IAUM) has a higher volatility of 5.94% compared to Defiance Gold Enhanced Options Income ETF (GOLI) at 4.55%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than GOLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | GOLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 4.55% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 21.57% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 25.26% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 22.95% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 22.95% | -4.77% |
IAUM vs. GOLI - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than GOLI's 0.99% expense ratio.
Dividends
IAUM vs. GOLI - Dividend Comparison
IAUM has not paid dividends to shareholders, while GOLI's dividend yield for the trailing twelve months is around 49.92%.
| Position | TTM | 2025 |
|---|---|---|
GOLI Defiance Gold Enhanced Options Income ETF | 49.92% | 37.38% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% |
Frequently Asked Questions
IAUM and GOLI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (5.94%) compared to GOLI (4.55%). In terms of maximum drawdown, IAUM dropped -26.31% vs GOLI's -25.88%.
On 1-year performance, IAUM leads with 20.61% vs 4.70% for GOLI. On fees, IAUM is cheaper at 0.09% per year. On volatility, GOLI has been the lower-risk option at 4.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAUM has performed better with a 20.61% return vs 4.70%. 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 0.99% for GOLI.
GOLI has the higher dividend yield at 49.92%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while GOLI is Derivative Income. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.09% for IAUM and 0.99% for GOLI.
IAUM currently has the higher Sharpe Ratio (0.75 vs 0.19), 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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