IGLD vs. IAUM
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while IAUM is a Gold fund tracking the LBMA Gold Price PM. IGLD is actively managed, while IAUM is passively managed. Over the past 3 years, IGLD returned 23.01%/yr vs 31.53%/yr for IAUM. Their correlation of 0.92 suggests significant overlap in exposure. IGLD charges 0.85%/yr vs 0.09%/yr for IAUM.
Performance
IGLD vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than IAUM's 3.00% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
IAUM
- 1D
- -0.96%
- 1M
- -1.62%
- YTD
- 3.00%
- 6M
- 5.58%
- 1Y
- 32.42%
- 3Y*
- 31.53%
- 5Y*
- —
- 10Y*
- —
IGLD vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 3.53% |
IAUM iShares Gold Trust Micro | 3.00% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between IGLD and IAUM is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.92 |
The correlation between IGLD and IAUM has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
IGLD vs. IAUM — Risk / Return Rank
IGLD
IAUM
IGLD vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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.
| IGLD | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.70 | -0.30 |
| Martin ratioReturn relative to average drawdown | 3.82 | 4.22 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLD | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.24 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.16 | -0.22 |
Drawdowns
IGLD vs. IAUM - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, smaller than the maximum IAUM drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for IGLD and IAUM.
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Drawdown Indicators
| IGLD | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -20.87% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -19.15% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -19.15% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | — | — |
Current DrawdownCurrent decline from peak | -15.16% | -17.68% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.30% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 7.70% | -1.27% |
Volatility
IGLD vs. IAUM - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 5.12%, while iShares Gold Trust Micro (IAUM) has a volatility of 5.50%. This indicates that IGLD 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
| IGLD | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 5.50% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 22.89% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 26.31% | -3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 17.86% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 17.86% | -2.86% |
IGLD vs. IAUM - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
IGLD vs. IAUM - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
With a correlation of 0.95, IGLD and IAUM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IAUM has higher volatility (5.50%) compared to IGLD (5.12%). In terms of maximum drawdown, IGLD dropped -18.59% vs IAUM's -20.87%.
On 3-year performance, IAUM leads with 31.53% vs 23.01% for IGLD. On fees, IAUM is cheaper at 0.09% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 31.53% return vs 23.01%. 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 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 0.00% for IAUM.
IGLD is categorized as Precious Metals, while IAUM is Gold. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.85% for IGLD and 0.09% for IAUM.
IAUM currently has the higher Sharpe Ratio (1.24 vs 1.06), 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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