IGC vs. AAAU
IGC (India Globalization Capital, Inc.) is a stock, while AAAU (Goldman Sachs Physical Gold ETF) is Gold fund tracking the LBMA Gold PM Price. Over the past 5 years, IGC returned -28.57%/yr vs 16.76%/yr for AAAU. At a 0.07 correlation, their price movements are largely independent.
Performance
IGC vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, IGC achieves a -5.51% return, which is significantly higher than AAAU's -7.29% return.
IGC
- 1D
- -2.24%
- 1M
- -5.04%
- 6M
- -11.34%
- YTD
- -5.51%
- 1Y
- -30.17%
- 3Y*
- -10.08%
- 5Y*
- -28.57%
- 10Y*
- -7.18%
AAAU
- 1D
- -2.59%
- 1M
- -5.01%
- 6M
- -12.99%
- YTD
- -7.29%
- 1Y
- 19.00%
- 3Y*
- 26.76%
- 5Y*
- 16.76%
- 10Y*
- —
IGC vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | -5.51% | -16.25% | 19.96% | -11.95% | -67.42% | -37.40% | 147.62% | 125.00% | -28.21% |
AAAU Goldman Sachs Physical Gold ETF | -7.29% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | 25.02% | 18.17% | 8.28% |
Correlation
The correlation between IGC and AAAU is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018 | 0.07 |
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Return for Risk
IGC vs. AAAU — Risk / Return Rank
IGC
AAAU
IGC vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Globalization Capital, Inc. (IGC) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| IGC | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.15 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.73 | -1.37 |
| Martin ratioReturn relative to average drawdown | -0.95 | 1.79 | -2.74 |
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Drawdowns
IGC vs. AAAU - Drawdown Comparison
The maximum IGC drawdown since its inception was -99.76%, which is greater than AAAU's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for IGC and AAAU.
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Drawdown Indicators
| IGC | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.76% | -26.14% | -73.62% |
Max Drawdown (1Y)Largest decline over 1 year | -47.15% | -26.14% | -21.01% |
Max Drawdown (3Y)Largest decline over 3 years | -63.99% | -26.14% | -37.85% |
Max Drawdown (5Y)Largest decline over 5 years | -91.13% | -26.14% | -64.99% |
Max Drawdown (10Y)Largest decline over 10 years | -98.09% | — | — |
Current DrawdownCurrent decline from peak | -99.55% | -25.86% | -73.69% |
Average DrawdownAverage peak-to-trough decline | -85.13% | -6.40% | -78.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.72% | 10.63% | +21.09% |
Volatility
IGC vs. AAAU - Volatility Comparison
India Globalization Capital, Inc. (IGC) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 7.22% and 7.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGC | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 7.53% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 32.09% | 23.96% | +8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.89% | 27.68% | +26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.90% | 18.23% | +71.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.83% | 17.21% | +191.62% |
Dividends
IGC vs. AAAU - Dividend Comparison
Neither IGC nor AAAU has paid dividends to shareholders.
Frequently Asked Questions
IGC and AAAU have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAAU has higher volatility (7.53%) compared to IGC (7.22%). In terms of maximum drawdown, IGC dropped -99.76% vs AAAU's -26.14%.
AAAU currently has the higher Sharpe Ratio (0.69 vs -0.56), 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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