IAUM vs. SGDJ
IAUM (iShares Gold Trust Micro) and SGDJ (Sprott Junior Gold Miners ETF) are both Gold funds - IAUM tracks the LBMA Gold Price PM while SGDJ tracks the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 5 years, IAUM returned 17.38%/yr vs 16.55%/yr for SGDJ. Their 0.77 correlation means they have sometimes moved together and sometimes differently. IAUM charges 0.09%/yr vs 0.50%/yr for SGDJ.
Performance
IAUM vs. SGDJ - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.07% return, which is significantly higher than SGDJ's -9.52% return.
IAUM
- 1D
- 0.02%
- 1M
- -1.66%
- 6M
- -12.99%
- YTD
- -6.07%
- 1Y
- 20.61%
- 3Y*
- 27.70%
- 5Y*
- 17.38%
- 10Y*
- —
- ALL TIME*
- 17.68%
SGDJ
- 1D
- 4.19%
- 1M
- -2.98%
- 6M
- -18.78%
- YTD
- -9.52%
- 1Y
- 70.50%
- 3Y*
- 47.29%
- 5Y*
- 16.55%
- 10Y*
- 8.03%
- ALL TIME*
- 13.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.21M | $72.37M | $93.87M | |
| $3.49M | $3.45M | $5.08M |
IAUM vs. SGDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.07% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
SGDJ Sprott Junior Gold Miners ETF | -9.52% | 174.44% | 19.35% | 6.66% | -27.60% | -4.62% |
Correlation
The correlation between IAUM and SGDJ is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.77 |
The correlation between IAUM and SGDJ has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
IAUM vs. SGDJ — Risk / Return Rank
IAUM
SGDJ
IAUM vs. SGDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Sprott Junior Gold Miners ETF (SGDJ). 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 | SGDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.87 | -1.08 |
| Martin ratioReturn relative to average drawdown | 1.69 | 3.88 | -2.19 |
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Drawdowns
IAUM vs. SGDJ - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.31%, smaller than the maximum SGDJ drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for IAUM and SGDJ.
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Drawdown Indicators
| IAUM | SGDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.31% | -59.27% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -26.31% | -37.98% | +11.67% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -37.98% | +11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -52.66% | +26.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.20% | — |
Current DrawdownCurrent decline from peak | -24.93% | -34.03% | +9.10% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -26.34% | +20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.24% | 18.22% | -5.98% |
Volatility
IAUM vs. SGDJ - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 5.94%, while Sprott Junior Gold Miners ETF (SGDJ) has a volatility of 13.95%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | SGDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 13.95% | -8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 40.00% | -19.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 52.51% | -24.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 41.32% | -22.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 40.93% | -22.75% |
IAUM vs. SGDJ - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than SGDJ's 0.50% expense ratio.
Dividends
IAUM vs. SGDJ - Dividend Comparison
IAUM has not paid dividends to shareholders, while SGDJ's dividend yield for the trailing twelve months is around 9.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGDJ Sprott Junior Gold Miners ETF | 9.25% | 8.37% | 6.55% | 4.55% | 2.46% | 2.20% | 1.97% | 0.65% | 0.00% | 0.14% | 1.77% | 0.85% |
Frequently Asked Questions
IAUM and SGDJ have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDJ has higher volatility (13.95%) compared to IAUM (5.94%). In terms of maximum drawdown, IAUM dropped -26.31% vs SGDJ's -59.27%.
On 5-year performance, IAUM leads with 17.38% vs 16.55% for SGDJ. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAUM has performed better with a 17.38% return vs 16.55%. 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 0.50% for SGDJ.
SGDJ has the higher dividend yield at 9.25%, compared with 0.00% for IAUM.
IAUM tracks LBMA Gold Price PM, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.09% for IAUM and 0.50% for SGDJ.
SGDJ currently has the higher Sharpe Ratio (1.35 vs 0.75), 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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