IAUM vs. NXG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Gold Trust Micro (IAUM) and NXG NextGen Infrastructure Income Fund (NXG).

IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021. NXG is an actively managed fund by NXG. It was launched on Sep 28, 2012.

Performance

IAUM vs. NXG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust Micro (IAUM) and NXG NextGen Infrastructure Income Fund (NXG). The values are adjusted to include any dividend payments, if applicable.

IAUM vs. NXG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IAUM iShares Gold Trust Micro	10.49%	64.27%	27.04%	13.12%	10.60%
NXG NXG NextGen Infrastructure Income Fund	11.11%	28.75%	51.16%	4.54%	-5.68%

Returns By Period

In the year-to-date period, IAUM achieves a 10.49% return, which is significantly lower than NXG's 11.11% return.

IAUM

• 1D: 1.71%
• 1M: -10.65%
• YTD: 10.49%
• 6M: 23.22%
• 1Y: 52.68%
• 3Y*: 34.12%
• 5Y*: —
• 10Y*: —

NXG

• 1D: -0.92%
• 1M: -0.04%
• YTD: 11.11%
• 6M: 18.12%
• 1Y: 35.48%
• 3Y*: 32.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IAUM vs. NXG - Expense Ratio Comparison

IAUM has a 0.09% expense ratio, which is lower than NXG's 1.00% expense ratio.

NXG

NXG NextGen Infrastructure Income Fund

IAUM

iShares Gold Trust Micro

Return for Risk

IAUM vs. NXG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IAUM

IAUM Risk / Return Rank: 86
IAUM Sharpe Ratio Rank: 88
IAUM Sortino Ratio Rank: 85
IAUM Omega Ratio Rank: 85
IAUM Calmar Ratio Rank: 86
IAUM Martin Ratio Rank: 84

NXG

NXG Risk / Return Rank: 70
NXG Sharpe Ratio Rank: 75
NXG Sortino Ratio Rank: 69
NXG Omega Ratio Rank: 75
NXG Calmar Ratio Rank: 69
NXG Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAUM vs. NXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and NXG NextGen Infrastructure Income Fund (NXG). 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	NXG	Difference
Sharpe ratio Return per unit of total volatility	1.92	1.39	+0.54
Sortino ratio Return per unit of downside risk	2.35	1.77	+0.58
Omega ratio Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio Return relative to maximum drawdown	2.74	1.66	+1.08
Martin ratio Return relative to average drawdown	10.02	5.98	+4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAUM vs. NXG - Sharpe Ratio Comparison

The current IAUM Sharpe Ratio is 1.92, which is higher than the NXG Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of IAUM and NXG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IAUM	NXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	1.39	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.93	+0.38

Correlation

The correlation between IAUM and NXG is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IAUM vs. NXG - Dividend Comparison

IAUM has not paid dividends to shareholders, while NXG's dividend yield for the trailing twelve months is around 11.82%.

	TTM	2025	2024	2023	2022
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%
NXG NXG NextGen Infrastructure Income Fund	11.82%	12.67%	14.15%	12.00%	1.11%

Drawdowns

IAUM vs. NXG - Drawdown Comparison

The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum NXG drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for IAUM and NXG.

Drawdown Indicators

	IAUM	NXG	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-26.14%	+5.27%
Max Drawdown (1Y) Largest decline over 1 year	-19.15%	-20.94%	+1.79%
Current Drawdown Current decline from peak	-11.69%	-3.72%	-7.97%
Average Drawdown Average peak-to-trough decline	-4.99%	-6.77%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	5.81%	-0.58%

Volatility

IAUM vs. NXG - Volatility Comparison

iShares Gold Trust Micro (IAUM) has a higher volatility of 10.38% compared to NXG NextGen Infrastructure Income Fund (NXG) at 7.41%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than NXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUM	NXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	7.41%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	24.00%	12.01%	+11.99%
Volatility (1Y) Calculated over the trailing 1-year period	27.53%	25.72%	+1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	26.90%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	26.90%	-9.11%