IGF vs. IAUM
IGF (iShares Global Infrastructure ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, IGF returned 11.33%/yr vs 17.21%/yr for IAUM. At a 0.31 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.09%/yr for IAUM.
Performance
IGF vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 10.15% return, which is significantly higher than IAUM's -7.12% return.
IGF
- 1D
- -0.43%
- 1M
- 0.44%
- 6M
- 8.59%
- YTD
- 10.15%
- 1Y
- 16.18%
- 3Y*
- 15.34%
- 5Y*
- 11.33%
- 10Y*
- 8.09%
- ALL TIME*
- 4.91%
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
IGF vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 10.15% | 21.31% | 14.81% | 6.14% | -1.26% | 4.52% |
IAUM iShares Gold Trust Micro | -7.12% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between IGF and IAUM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.31 |
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Return for Risk
IGF vs. IAUM — Risk / Return Rank
IGF
IAUM
IGF vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and iShares Gold Trust Micro (IAUM). 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.
| IGF | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 0.75 | +2.02 |
| Martin ratioReturn relative to average drawdown | 7.55 | 1.75 | +5.80 |
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Drawdowns
IGF vs. IAUM - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than IAUM's maximum drawdown of -26.31%. Use the drawdown chart below to compare losses from any high point for IGF and IAUM.
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Drawdown Indicators
| IGF | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -26.31% | -32.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -26.31% | +20.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -26.31% | +12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -26.31% | +5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -25.77% | +23.20% |
Average DrawdownAverage peak-to-trough decline | -11.81% | -5.74% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 11.24% | -9.09% |
Volatility
IGF vs. IAUM - Volatility Comparison
The current volatility for iShares Global Infrastructure ETF (IGF) is 2.85%, while iShares Gold Trust Micro (IAUM) has a volatility of 6.30%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 6.30% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 23.90% | -14.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.63% | 27.75% | -17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 18.26% | -4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 18.17% | -1.46% |
IGF vs. IAUM - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
IGF vs. IAUM - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.89%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGF iShares Global Infrastructure ETF | 2.89% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and IAUM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (6.30%) compared to IGF (2.85%). In terms of maximum drawdown, IGF dropped -58.33% vs IAUM's -26.31%.
On 5-year performance, IAUM leads with 17.21% vs 11.33% for IGF. On fees, IAUM is cheaper at 0.09% per year. On volatility, IGF has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAUM has performed better with a 17.21% return vs 11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.39% for IGF.
IGF has the higher dividend yield at 2.89%, compared with 0.00% for IAUM.
IGF is categorized as Industrials Equities, while IAUM is Gold. IGF tracks S&P Global Infrastructure Index (Net), while IAUM tracks LBMA Gold Price PM. Their fees differ too: 0.39% for IGF and 0.09% for IAUM.
IGF currently has the higher Sharpe Ratio (1.53 vs 0.71), 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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