IAUM vs. XLE
Compare and contrast key facts about iShares Gold Trust Micro ETF of Benef Interest (IAUM) and Energy Select Sector SPDR Fund (XLE).
IAUM and XLE 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 PM ($/ozt). It was launched on Jun 15, 2021. XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998. Both IAUM and XLE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAUM or XLE.
Key characteristics
| IAUM | XLE | |
|---|---|---|
| YTD Return | 13.20% | 15.90% |
| 1Y Return | 17.36% | 17.14% |
| Sharpe Ratio | 1.44 | 1.00 |
| Daily Std Dev | 12.13% | 19.04% |
| Max Drawdown | -20.87% | -71.54% |
| Current Drawdown | -2.26% | -1.72% |
Correlation
The correlation between IAUM and XLE is 0.18, 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.
Performance
IAUM vs. XLE - Performance Comparison
In the year-to-date period, IAUM achieves a 13.20% return, which is significantly lower than XLE's 15.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAUM vs. XLE - Expense Ratio Comparison
IAUM has a 0.15% expense ratio, which is higher than XLE's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IAUM vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro ETF of Benef Interest (IAUM) and Energy Select Sector SPDR Fund (XLE). 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.
Dividends
IAUM vs. XLE - Dividend Comparison
IAUM has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro ETF of Benef Interest | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.02% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
IAUM vs. XLE - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for IAUM and XLE. For additional features, visit the drawdowns tool.
Volatility
IAUM vs. XLE - Volatility Comparison
iShares Gold Trust Micro ETF of Benef Interest (IAUM) has a higher volatility of 4.94% compared to Energy Select Sector SPDR Fund (XLE) at 3.64%. This indicates that IAUM's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.