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 -30.63%/yr vs 18.07%/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 -5.83% return, which is significantly lower than AAAU's -4.75% return.
IGC
- 1D
- -0.60%
- 1M
- -7.99%
- YTD
- -5.83%
- 6M
- -12.54%
- 1Y
- -13.23%
- 3Y*
- -4.89%
- 5Y*
- -30.63%
- 10Y*
- -6.15%
AAAU
- 1D
- -1.86%
- 1M
- -8.80%
- YTD
- -4.75%
- 6M
- -8.61%
- 1Y
- 21.51%
- 3Y*
- 28.67%
- 5Y*
- 18.07%
- 10Y*
- —
IGC vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | -5.83% | -16.25% | 19.96% | -11.95% | -67.42% | -37.40% | 147.62% | 125.00% | -28.21% |
AAAU Goldman Sachs Physical Gold ETF | -4.75% | 64.06% | 26.91% | 12.96% | -0.50% | -4.01% | 25.02% | 18.17% | 8.28% |
Correlation
The correlation between IGC and AAAU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
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 | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.17 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.89 | -1.17 |
| Martin ratioReturn relative to average drawdown | -0.44 | 2.39 | -2.82 |
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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 -24.38%. 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% | -24.38% | -75.38% |
Max Drawdown (1Y)Largest decline over 1 year | -47.15% | -24.38% | -22.77% |
Max Drawdown (3Y)Largest decline over 3 years | -63.99% | -24.38% | -39.61% |
Max Drawdown (5Y)Largest decline over 5 years | -91.13% | -24.38% | -66.75% |
Max Drawdown (10Y)Largest decline over 10 years | -98.09% | — | — |
Current DrawdownCurrent decline from peak | -99.55% | -23.83% | -75.72% |
Average DrawdownAverage peak-to-trough decline | -85.09% | -6.28% | -78.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.37% | 9.05% | +21.32% |
Volatility
IGC vs. AAAU - Volatility Comparison
India Globalization Capital, Inc. (IGC) has a higher volatility of 9.60% compared to Goldman Sachs Physical Gold ETF (AAAU) at 8.16%. This indicates that IGC's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. 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 | 9.60% | 8.16% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 34.68% | 24.16% | +10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 27.30% | +30.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.21% | 18.08% | +72.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.85% | 17.16% | +191.69% |
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 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGC has higher volatility (9.60%) compared to AAAU (8.16%). In terms of maximum drawdown, IGC dropped -99.76% vs AAAU's -24.38%.
AAAU currently has the higher Sharpe Ratio (0.79 vs -0.23), 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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