IAUM vs. IGLD
IAUM (iShares Gold Trust Micro) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while IGLD is a Precious Metals fund actively managed by First Trust. IAUM is passively managed, while IGLD is actively managed. Over the past 3 years, IAUM returned 31.53%/yr vs 23.01%/yr for IGLD. Their correlation of 0.92 suggests significant overlap in exposure. IAUM charges 0.09%/yr vs 0.85%/yr for IGLD.
Performance
IAUM vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a 3.00% return, which is significantly higher than IGLD's 1.69% return.
IAUM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.58%
- 1Y
- 32.42%
- 3Y*
- 31.53%
- 5Y*
- —
- 10Y*
- —
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
IAUM vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 3.00% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 3.53% |
Correlation
The correlation between IAUM and IGLD is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.92 |
The correlation between IAUM and IGLD has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IAUM vs. IGLD — Risk / Return Rank
IAUM
IGLD
IAUM vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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.
| IAUM | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.40 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.22 | 3.82 | +0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAUM | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.06 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.94 | +0.22 |
Drawdowns
IAUM vs. IGLD - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for IAUM and IGLD.
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Drawdown Indicators
| IAUM | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -18.59% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -19.15% | -17.56% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -17.56% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.59% | — |
Current DrawdownCurrent decline from peak | -17.68% | -15.16% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -5.24% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.70% | 6.43% | +1.27% |
Volatility
IAUM vs. IGLD - Volatility Comparison
iShares Gold Trust Micro (IAUM) has a higher volatility of 5.50% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 5.12%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 5.12% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 21.01% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.31% | 23.24% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 15.17% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 15.00% | +2.86% |
IAUM vs. IGLD - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
IAUM vs. IGLD - Dividend Comparison
IAUM has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 17.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
With a correlation of 0.95, IAUM and IGLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IAUM has higher volatility (5.50%) compared to IGLD (5.12%). In terms of maximum drawdown, IAUM dropped -20.87% vs IGLD's -18.59%.
On 3-year performance, IAUM leads with 31.53% vs 23.01% for IGLD. On fees, IAUM is cheaper at 0.09% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 31.53% return vs 23.01%. 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 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while IGLD is Precious Metals. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.09% for IAUM and 0.85% for IGLD.
IAUM currently has the higher Sharpe Ratio (1.24 vs 1.06), 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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