IAUP.L vs. IB01.L
IAUP.L (iShares Gold Producers UCITS ETF USD Acc) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - IAUP.L is a Gold fund tracking the S&P Commodity Producers Gold Index, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, IAUP.L returned 18.73%/yr vs 3.39%/yr for IB01.L. At a 0.07 correlation, their price movements are largely independent. IAUP.L charges 0.55%/yr vs 0.07%/yr for IB01.L.
Performance
IAUP.L vs. IB01.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAUP.L achieves a 1.67% return, which is significantly higher than IB01.L's 1.45% return.
IAUP.L
- 1D
- 0.89%
- 1M
- -0.28%
- YTD
- 1.67%
- 6M
- 7.47%
- 1Y
- 63.58%
- 3Y*
- 42.10%
- 5Y*
- 18.73%
- 10Y*
- 14.14%
IB01.L
- 1D
- 0.03%
- 1M
- 0.28%
- YTD
- 1.45%
- 6M
- 1.75%
- 1Y
- 3.98%
- 3Y*
- 4.73%
- 5Y*
- 3.39%
- 10Y*
- —
IAUP.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IAUP.L iShares Gold Producers UCITS ETF USD Acc | 1.67% | 153.95% | 11.53% | 9.39% | -11.06% | -10.31% | 23.60% | 29.82% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.45% | 4.34% | 5.25% | 4.92% | 1.08% | 0.00% | 0.88% | 2.01% |
Correlation
The correlation between IAUP.L and IB01.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.07 |
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Return for Risk
IAUP.L vs. IB01.L — Risk / Return Rank
IAUP.L
IB01.L
IAUP.L vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF USD Acc (IAUP.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| IAUP.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.48 | ||
| Sortino ratioReturn per unit of downside risk | -35.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 8.02 | -6.77 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 115.45 | -113.24 |
| Martin ratioReturn relative to average drawdown | 5.66 | 569.86 | -564.20 |
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
| IAUP.L | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 11.94 | -10.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 9.24 | -8.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 3.79 | -3.70 |
Drawdowns
IAUP.L vs. IB01.L - Drawdown Comparison
The maximum IAUP.L drawdown since its inception was -79.95%, which is greater than IB01.L's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for IAUP.L and IB01.L.
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Drawdown Indicators
| IAUP.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.95% | -0.91% | -79.04% |
Max Drawdown (1Y)Largest decline over 1 year | -28.57% | -0.03% | -28.54% |
Max Drawdown (3Y)Largest decline over 3 years | -28.57% | -0.09% | -28.48% |
Max Drawdown (5Y)Largest decline over 5 years | -44.90% | -0.29% | -44.61% |
Max Drawdown (10Y)Largest decline over 10 years | -51.26% | — | — |
Current DrawdownCurrent decline from peak | -24.01% | 0.00% | -24.01% |
Average DrawdownAverage peak-to-trough decline | -49.54% | -0.08% | -49.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.20% | 0.01% | +11.19% |
Volatility
IAUP.L vs. IB01.L - Volatility Comparison
iShares Gold Producers UCITS ETF USD Acc (IAUP.L) has a higher volatility of 14.96% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.10%. This indicates that IAUP.L's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUP.L | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.96% | 0.10% | +14.86% |
Volatility (6M)Calculated over the trailing 6-month period | 35.03% | 0.24% | +34.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.36% | 0.33% | +43.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.32% | 0.37% | +34.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 0.72% | +33.83% |
IAUP.L vs. IB01.L - Expense Ratio Comparison
IAUP.L has a 0.55% expense ratio, which is higher than IB01.L's 0.07% expense ratio.
Dividends
IAUP.L vs. IB01.L - Dividend Comparison
Neither IAUP.L nor IB01.L has paid dividends to shareholders.
Frequently Asked Questions
IAUP.L and IB01.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.55% for IAUP.L.
IAUP.L is categorized as Gold, while IB01.L is Government Bonds. IAUP.L tracks S&P Commodity Producers Gold Index, while IB01.L tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.55% for IAUP.L and 0.07% for IB01.L.
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