IAUM vs. METL
IAUM (iShares Gold Trust Micro) and METL (Sprott Active Metals & Miners ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while METL is a Natural Resources fund actively managed by Sprott. IAUM is passively managed, while METL is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. IAUM charges 0.09%/yr vs 0.89%/yr for METL.
Performance
IAUM vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -7.12% return, which is significantly lower than METL's -6.10% return.
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
METL
- 1D
- -0.92%
- 1M
- -15.36%
- 6M
- -19.31%
- YTD
- -6.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IAUM vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUM iShares Gold Trust Micro | -7.12% | 18.76% |
METL Sprott Active Metals & Miners ETF | -6.10% | 28.19% |
Correlation
The correlation between IAUM and METL is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.69 |
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Return for Risk
IAUM vs. METL — Risk / Return Rank
IAUM
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAUM vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Sprott Active Metals & Miners ETF (METL). 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 | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | — | — |
| Martin ratioReturn relative to average drawdown | 1.75 | — | — |
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Drawdowns
IAUM vs. METL - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum METL drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for IAUM and METL.
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Drawdown Indicators
| IAUM | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -28.80% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Current DrawdownCurrent decline from peak | -25.77% | -28.80% | +3.03% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -10.00% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | — | — |
Volatility
IAUM vs. METL - Volatility Comparison
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Volatility by Period
| IAUM | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 44.16% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 44.16% | -25.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 44.16% | -25.99% |
IAUM vs. METL - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
IAUM vs. METL - Dividend Comparison
IAUM has not paid dividends to shareholders, while METL's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 |
|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% |
METL Sprott Active Metals & Miners ETF | 1.06% | 0.99% |
Frequently Asked Questions
IAUM and METL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAUM is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.89% for METL.
METL has the higher dividend yield at 1.06%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while METL is Natural Resources. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.09% for IAUM and 0.89% for METL.
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