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IAUP.L vs. IVV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IAUP.L vs. IVV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Gold Producers UCITS ETF USD Acc (IAUP.L) and iShares Core S&P 500 ETF (IVV).

IAUP.L and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUP.L is a passively managed fund by iShares that tracks the performance of the S&P Commodity Producers Gold Index. It was launched on Sep 19, 2011. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both IAUP.L and IVV 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

IAUP.L vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Producers UCITS ETF USD Acc (IAUP.L) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

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IAUP.L vs. IVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAUP.L
iShares Gold Producers UCITS ETF USD Acc		5.63%153.95%11.53%9.39%-11.06%-10.31%23.60%45.64%-9.60%6.75%
IVV
iShares Core S&P 500 ETF		-4.38%17.85%24.93%26.31%-18.16%28.76%18.40%31.07%-4.49%21.75%

Returns By Period

In the year-to-date period, IAUP.L achieves a 5.63% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, IAUP.L has outperformed IVV with an annualized return of 17.46%, while IVV has yielded a comparatively lower 14.02% annualized return.

IAUP.L

1D
2.73%
1M
-21.06%
YTD
5.63%
6M
20.08%
1Y
100.53%
3Y*
42.85%
5Y*
23.37%
10Y*
17.46%

IVV

1D
2.88%
1M
-4.99%
YTD
-4.38%
6M
-1.80%
1Y
17.69%
3Y*
18.29%
5Y*
11.76%
10Y*
14.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Gold Producers UCITS ETF USD Acc

iShares Core S&P 500 ETF

Often compared with IAUP.L:
IAUP.L vs. IAUIAUP.L vs. GLDIAUP.L vs. IWVL.LIAUP.L vs. GDXJIAUP.L vs. AIQIAUP.L vs. RTXIAUP.L vs. SMH
Often compared with IVV:
IVV vs. VOOIVV vs. SPYIVV vs. FXAIXIVV vs. QQQIVV vs. VTIIVV vs. CSPX.LIVV vs. IOO

IAUP.L vs. IVV - Expense Ratio Comparison

IAUP.L has a 0.55% expense ratio, which is higher than IVV's 0.03% expense ratio.

IAUP.L
iShares Gold Producers UCITS ETF USD Acc
IVV
iShares Core S&P 500 ETF

Return for Risk

IAUP.L vs. IVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAUP.L
IAUP.L Risk / Return Rank: 9191
Overall Rank
IAUP.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IAUP.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
IAUP.L Omega Ratio Rank: 8787
Omega Ratio Rank
IAUP.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAUP.L Martin Ratio Rank: 9090
Martin Ratio Rank
IVV
IVV Risk / Return Rank: 6565
Overall Rank
IVV Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
IVV Sortino Ratio Rank: 6262
Sortino Ratio Rank
IVV Omega Ratio Rank: 6666
Omega Ratio Rank
IVV Calmar Ratio Rank: 6565
Calmar Ratio Rank
IVV Martin Ratio Rank: 7575
Martin Ratio Rank
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.

IAUP.L vs. IVV - 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 Core S&P 500 ETF (IVV). 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.LIVVDifference

Sharpe ratio

Return per unit of total volatility

2.31

0.97

+1.34

Sortino ratio

Return per unit of downside risk

2.61

1.49

+1.12

Omega ratio

Gain probability vs. loss probability

1.35

1.23

+0.12

Calmar ratio

Return relative to maximum drawdown

3.37

1.53

+1.83

Martin ratio

Return relative to average drawdown

11.77

7.32

+4.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAUP.L vs. IVV - Sharpe Ratio Comparison

The current IAUP.L Sharpe Ratio is 2.31, which is higher than the IVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of IAUP.L and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IAUP.LIVVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.31

0.97

+1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.70

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.78

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.42

-0.32

Correlation

The correlation between IAUP.L and IVV is 0.09, 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

IAUP.L vs. IVV - Dividend Comparison

IAUP.L has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.23%.

TTM20252024202320222021202020192018201720162015
IAUP.L
iShares Gold Producers UCITS ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IVV
iShares Core S&P 500 ETF		1.23%1.17%1.30%1.44%1.66%1.20%1.57%1.85%2.21%1.75%2.01%2.27%

Drawdowns

IAUP.L vs. IVV - Drawdown Comparison

The maximum IAUP.L drawdown since its inception was -79.95%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IAUP.L and IVV.

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Drawdown Indicators

IAUP.LIVVDifference

Max Drawdown

Largest peak-to-trough decline

-79.95%

-55.25%

-24.70%

Max Drawdown (1Y)

Largest decline over 1 year

-28.57%

-12.06%

-16.51%

Max Drawdown (5Y)

Largest decline over 5 years

-45.07%

-24.53%

-20.54%

Max Drawdown (10Y)

Largest decline over 10 years

-51.26%

-33.90%

-17.36%

Current Drawdown

Current decline from peak

-21.06%

-6.26%

-14.80%

Average Drawdown

Average peak-to-trough decline

-49.90%

-10.85%

-39.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.17%

2.53%

+5.64%

Volatility

IAUP.L vs. IVV - Volatility Comparison

iShares Gold Producers UCITS ETF USD Acc (IAUP.L) has a higher volatility of 17.11% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that IAUP.L's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAUP.LIVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.11%

5.30%

+11.81%

Volatility (6M)

Calculated over the trailing 6-month period

35.16%

9.45%

+25.71%

Volatility (1Y)

Calculated over the trailing 1-year period

43.34%

18.31%

+25.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.50%

16.89%

+17.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.57%

18.04%

+16.53%