IAUM vs. MAGS
IAUM (iShares Gold Trust Micro) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while MAGS is a Technology Equities fund actively managed by Roundhill. IAUM is passively managed, while MAGS is actively managed. Over the past 3 years, IAUM returned 27.63%/yr vs 28.94%/yr for MAGS. Their 0.08 correlation means their historical movements had little consistent relationship. IAUM charges 0.09%/yr vs 0.29%/yr for MAGS.
Performance
IAUM vs. MAGS - Performance Comparison
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Returns By Period
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%
MAGS
- 1D
- 3.19%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.00%
- 1Y
- 14.23%
- 3Y*
- 28.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.48M | $77.88M | $93.44M | |
| $254.73M | $303.60M | $278.63M |
IAUM vs. MAGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.09% | 64.27% | 27.04% | 3.52% |
MAGS Roundhill Magnificent Seven ETF | 0.00% | 22.99% | 63.97% | 35.74% |
Correlation
The correlation between IAUM and MAGS is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023 | 0.08 |
The correlation between IAUM and MAGS shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAUM vs. MAGS — Risk / Return Rank
IAUM
MAGS
IAUM vs. MAGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Roundhill Magnificent Seven ETF (MAGS). 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 | MAGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.77 | +0.11 |
| Martin ratioReturn relative to average drawdown | 1.90 | 2.26 | -0.36 |
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Drawdowns
IAUM vs. MAGS - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for IAUM and MAGS.
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Drawdown Indicators
| IAUM | MAGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -29.91% | +3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -18.62% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -29.91% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Current DrawdownCurrent decline from peak | -24.95% | -7.02% | -17.93% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -4.86% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.14% | 6.31% | +5.83% |
Volatility
IAUM vs. MAGS - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 6.29%, while Roundhill Magnificent Seven ETF (MAGS) has a volatility of 8.02%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | MAGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 8.02% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 23.21% | 17.37% | +5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 22.30% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 26.09% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 26.09% | -7.90% |
IAUM vs. MAGS - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than MAGS's 0.29% expense ratio.
Dividends
IAUM vs. MAGS - Dividend Comparison
IAUM has not paid dividends to shareholders, while MAGS's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% |
MAGS Roundhill Magnificent Seven ETF | 1.48% | 1.48% | 0.81% | 0.44% |
Frequently Asked Questions
IAUM and MAGS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGS has higher volatility (8.02%) compared to IAUM (6.29%). In terms of maximum drawdown, IAUM dropped -26.31% vs MAGS's -29.91%.
On 3-year performance, MAGS leads with 28.94% vs 27.63% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 6.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MAGS has performed better with a 28.94% return vs 27.63%. 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 0.29% for MAGS.
MAGS has the higher dividend yield at 1.48%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while MAGS is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.09% for IAUM and 0.29% for MAGS.
IAUM currently has the higher Sharpe Ratio (0.83 vs 0.64), 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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