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 -32.45%/yr vs 17.20%/yr for AAAU. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
IGC vs. AAAU - Performance Comparison
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Returns By Period
In the year-to-date period, IGC achieves a -11.51% return, which is significantly lower than AAAU's -6.16% return.
IGC
- 1D
- -0.20%
- 1M
- -11.36%
- 6M
- -7.78%
- YTD
- -11.51%
- 1Y
- -27.07%
- 3Y*
- -10.91%
- 5Y*
- -32.45%
- 10Y*
- -6.19%
- ALL TIME*
- -23.28%
AAAU
- 1D
- -1.46%
- 1M
- -1.72%
- 6M
- -16.57%
- YTD
- -6.16%
- 1Y
- 20.45%
- 3Y*
- 27.49%
- 5Y*
- 17.20%
- 10Y*
- —
- ALL TIME*
- 16.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.23M | $43.92M | $64.42M | |
| $80.89K | $101.17K | $152.23K |
IGC vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGC India Globalization Capital, Inc. | -11.51% | -16.25% | 19.96% | -11.95% | -67.42% | -37.40% | 147.62% | 125.00% | -28.21% |
AAAU Goldman Sachs Physical Gold ETF | -6.16% | 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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.87 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.93 | 1.89 | -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 -26.29%. 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% | -26.29% | -73.47% |
Max Drawdown (1Y)Largest decline over 1 year | -48.94% | -26.29% | -22.65% |
Max Drawdown (3Y)Largest decline over 3 years | -65.21% | -26.29% | -38.92% |
Max Drawdown (5Y)Largest decline over 5 years | -86.59% | -26.29% | -60.30% |
Max Drawdown (10Y)Largest decline over 10 years | -98.15% | — | — |
Current DrawdownCurrent decline from peak | -99.58% | -24.96% | -74.62% |
Average DrawdownAverage peak-to-trough decline | -85.17% | -6.53% | -78.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.18% | 12.13% | +21.05% |
Volatility
IGC vs. AAAU - Volatility Comparison
India Globalization Capital, Inc. (IGC) has a higher volatility of 11.57% compared to Goldman Sachs Physical Gold ETF (AAAU) at 6.30%. 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 | 11.57% | 6.30% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 32.01% | 23.27% | +8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.54% | 27.85% | +23.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.12% | 18.32% | +60.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.72% | 17.24% | +191.48% |
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.
IGC has higher volatility (11.57%) compared to AAAU (6.30%). In terms of maximum drawdown, IGC dropped -99.76% vs AAAU's -26.29%.
AAAU currently has the higher Sharpe Ratio (0.83 vs -0.60), 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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