INVZ vs. IAU
INVZ (Innoviz Technologies Ltd.) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 5 years, INVZ returned -43.40%/yr vs 18.02%/yr for IAU. At a 0.08 correlation, their price movements are largely independent.
Performance
INVZ vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, INVZ achieves a -28.50% return, which is significantly lower than IAU's -4.73% return.
INVZ
- 1D
- 1.48%
- 1M
- -14.02%
- YTD
- -28.50%
- 6M
- -38.15%
- 1Y
- -54.48%
- 3Y*
- -38.32%
- 5Y*
- -43.40%
- 10Y*
- —
IAU
- 1D
- -1.87%
- 1M
- -8.82%
- YTD
- -4.73%
- 6M
- -8.68%
- 1Y
- 21.45%
- 3Y*
- 28.61%
- 5Y*
- 18.02%
- 10Y*
- 11.76%
INVZ vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INVZ Innoviz Technologies Ltd. | -28.50% | -49.22% | -33.60% | -35.62% | -38.01% | -34.84% |
IAU iShares Gold Trust | -4.73% | 63.95% | 26.85% | 12.84% | -0.63% | 5.74% |
Correlation
The correlation between INVZ and IAU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | 0.08 |
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Return for Risk
INVZ vs. IAU — Risk / Return Rank
INVZ
IAU
INVZ vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innoviz Technologies Ltd. (INVZ) and iShares Gold Trust (IAU). 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.
| INVZ | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.17 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.88 | -1.61 |
| Martin ratioReturn relative to average drawdown | -1.09 | 2.37 | -3.47 |
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Drawdowns
INVZ vs. IAU - Drawdown Comparison
The maximum INVZ drawdown since its inception was -96.06%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for INVZ and IAU.
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Drawdown Indicators
| INVZ | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.06% | -45.14% | -50.92% |
Max Drawdown (1Y)Largest decline over 1 year | -75.55% | -24.40% | -51.15% |
Max Drawdown (3Y)Largest decline over 3 years | -88.12% | -24.40% | -63.72% |
Max Drawdown (5Y)Largest decline over 5 years | -95.39% | -24.40% | -70.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -95.06% | -23.87% | -71.19% |
Average DrawdownAverage peak-to-trough decline | -74.96% | -15.97% | -58.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.88% | 9.07% | +40.81% |
Volatility
INVZ vs. IAU - Volatility Comparison
Innoviz Technologies Ltd. (INVZ) has a higher volatility of 16.37% compared to iShares Gold Trust (IAU) at 8.10%. This indicates that INVZ's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVZ | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.37% | 8.10% | +8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 58.47% | 24.23% | +34.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.81% | 27.38% | +61.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.13% | 18.18% | +70.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.68% | 15.98% | +72.70% |
Dividends
INVZ vs. IAU - Dividend Comparison
Neither INVZ nor IAU has paid dividends to shareholders.
Frequently Asked Questions
INVZ and IAU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVZ has higher volatility (16.37%) compared to IAU (8.10%). In terms of maximum drawdown, INVZ dropped -96.06% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.79 vs -0.61), 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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