IAUM vs. IAUF
Compare and contrast key facts about iShares Gold Trust Micro ETF of Benef Interest (IAUM) and iShares Gold Strategy ETF (IAUF).
IAUM and IAUF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. IAUF is a passively managed fund by iShares that tracks the performance of the Bloomberg Composite Gold Index. It was launched on Jun 6, 2018. Both IAUM and IAUF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAUM or IAUF.
Key characteristics
| IAUM | IAUF | |
|---|---|---|
| YTD Return | 10.92% | 10.92% |
| 1Y Return | 15.52% | 14.76% |
| Sharpe Ratio | 1.22 | 1.19 |
| Daily Std Dev | 12.29% | 12.23% |
| Max Drawdown | -20.87% | -23.35% |
| Current Drawdown | -4.23% | -4.00% |
Correlation
The correlation between IAUM and IAUF is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IAUM vs. IAUF - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with IAUM at 10.92% and IAUF at 10.92%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAUM vs. IAUF - Expense Ratio Comparison
IAUM has a 0.15% expense ratio, which is lower than IAUF's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IAUM vs. IAUF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro ETF of Benef Interest (IAUM) and iShares Gold Strategy ETF (IAUF). 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.
Dividends
IAUM vs. IAUF - Dividend Comparison
IAUM has not paid dividends to shareholders, while IAUF's dividend yield for the trailing twelve months is around 11.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAUF iShares Gold Strategy ETF | 11.89% | 13.18% | 0.88% | 0.00% | 7.61% | 10.04% | 0.77% |
Drawdowns
IAUM vs. IAUF - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum IAUF drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for IAUM and IAUF. For additional features, visit the drawdowns tool.
Volatility
IAUM vs. IAUF - Volatility Comparison
iShares Gold Trust Micro ETF of Benef Interest (IAUM) and iShares Gold Strategy ETF (IAUF) have volatilities of 5.35% and 5.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.