IAUM vs. SGLP.L
Compare and contrast key facts about iShares Gold Trust Micro (IAUM) and Invesco Physical Gold A (SGLP.L).
IAUM and SGLP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021. SGLP.L is a passively managed fund by Invesco that tracks the performance of the Gold. It was launched on Jun 24, 2009. Both IAUM and SGLP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IAUM vs. SGLP.L - Performance Comparison
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IAUM vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 10.49% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
SGLP.L Invesco Physical Gold A | 10.78% | 65.19% | 26.00% | 12.92% | -0.12% | 3.67% |
Different Trading Currencies
IAUM is traded in USD, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IAUM having a 10.49% return and SGLP.L slightly higher at 10.78%.
IAUM
- 1D
- 1.71%
- 1M
- -10.65%
- YTD
- 10.49%
- 6M
- 23.22%
- 1Y
- 52.68%
- 3Y*
- 34.12%
- 5Y*
- —
- 10Y*
- —
SGLP.L
- 1D
- 3.23%
- 1M
- -10.12%
- YTD
- 10.78%
- 6M
- 23.48%
- 1Y
- 52.52%
- 3Y*
- 34.10%
- 5Y*
- 22.38%
- 10Y*
- 14.44%
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IAUM vs. SGLP.L - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than SGLP.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IAUM vs. SGLP.L — Risk / Return Rank
IAUM
SGLP.L
IAUM vs. SGLP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) and Invesco Physical Gold A (SGLP.L). 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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.00 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.48 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.94 | -0.20 |
Martin ratioReturn relative to average drawdown | 10.02 | 11.50 | -1.48 |
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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.00 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 0.49 | +0.82 |
Correlation
The correlation between IAUM and SGLP.L is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IAUM vs. SGLP.L - Dividend Comparison
Neither IAUM nor SGLP.L has paid dividends to shareholders.
Drawdowns
IAUM vs. SGLP.L - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum SGLP.L drawdown of -41.88%. Use the drawdown chart below to compare losses from any high point for IAUM and SGLP.L.
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Drawdown Indicators
| IAUM | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -38.83% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -19.15% | -17.89% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -11.69% | -9.45% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -13.37% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 4.24% | +0.99% |
Volatility
IAUM vs. SGLP.L - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 10.38%, while Invesco Physical Gold A (SGLP.L) has a volatility of 10.99%. This indicates that IAUM experiences smaller price fluctuations and is considered to be less risky than SGLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUM | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 10.99% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 24.00% | 21.70% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.53% | 26.08% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 17.20% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 15.67% | +2.12% |