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.
Performance
IAUM vs. IAUF - Performance Comparison
Returns By Period
IAUM
24.08%
-4.23%
5.93%
29.29%
N/A
N/A
IAUF
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| IAUM | IAUF |
|---|
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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%.
Correlation
The correlation between IAUM and IAUF is 0.90, 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.
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
Neither IAUM nor IAUF has paid dividends to shareholders.
| 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 | 111.57% | 13.18% | 0.88% | 0.00% | 7.61% | 10.04% | 0.77% |
Drawdowns
IAUM vs. IAUF - Drawdown Comparison
Volatility
IAUM vs. IAUF - Volatility Comparison
iShares Gold Trust Micro ETF of Benef Interest (IAUM) has a higher volatility of 5.25% compared to iShares Gold Strategy ETF (IAUF) at 0.00%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than IAUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.