IAUM vs. HL
IAUM (iShares Gold Trust Micro) is Gold fund tracking the LBMA Gold Price PM, while HL (Hecla Mining Company) is a stock. Over the past 5 years, IAUM returned 17.35%/yr vs 16.67%/yr for HL. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
IAUM vs. HL - 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 HL's -26.39% return.
IAUM
- 1D
- -1.46%
- 1M
- 0.27%
- 6M
- -16.73%
- YTD
- -6.09%
- 1Y
- 23.04%
- 3Y*
- 27.63%
- 5Y*
- 17.35%
- 10Y*
- —
- ALL TIME*
- 17.70%
HL
- 1D
- -5.43%
- 1M
- -9.43%
- 6M
- -37.28%
- YTD
- -26.39%
- 1Y
- 146.28%
- 3Y*
- 37.43%
- 5Y*
- 16.67%
- 10Y*
- 8.43%
- ALL TIME*
- -0.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $675.62M | $596.53M | $453.27M | |
| $77.48M | $77.88M | $93.44M |
IAUM vs. HL - 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% |
HL Hecla Mining Company | -26.39% | 291.70% | 2.82% | -12.93% | 6.99% | -29.53% |
Correlation
The correlation between IAUM and HL is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.63 |
The correlation between IAUM and HL has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
IAUM vs. HL — Risk / Return Rank
IAUM
HL
IAUM vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Hecla Mining Company (HL). 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 | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.64 | -1.76 |
| Martin ratioReturn relative to average drawdown | 1.90 | 4.75 | -2.85 |
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Drawdowns
IAUM vs. HL - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for IAUM and HL.
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Drawdown Indicators
| IAUM | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -97.92% | +71.61% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -55.81% | +29.50% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -55.81% | +29.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -55.81% | +29.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.45% | — |
Current DrawdownCurrent decline from peak | -24.95% | -55.59% | +30.64% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -69.88% | +64.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 30.92% | -18.78% |
Volatility
IAUM vs. HL - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 6.29%, while Hecla Mining Company (HL) has a volatility of 17.22%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 17.22% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 51.30% | -28.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 73.85% | -46.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 59.58% | -41.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 62.79% | -44.60% |
Dividends
IAUM vs. HL - Dividend Comparison
IAUM has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.11% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
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 HL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (17.22%) compared to IAUM (6.29%). In terms of maximum drawdown, IAUM dropped -26.31% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (1.99 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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