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 -43.22%/yr vs 16.68%/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 -31.45% return, which is significantly lower than IAU's -7.29% return.
INVZ
- 1D
- -7.85%
- 1M
- -5.30%
- 6M
- -48.25%
- YTD
- -31.45%
- 1Y
- -65.40%
- 3Y*
- -43.07%
- 5Y*
- -43.22%
- 10Y*
- —
IAU
- 1D
- -2.60%
- 1M
- -4.98%
- 6M
- -13.00%
- YTD
- -7.29%
- 1Y
- 18.88%
- 3Y*
- 26.67%
- 5Y*
- 16.68%
- 10Y*
- 11.37%
INVZ vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INVZ Innoviz Technologies Ltd. | -31.45% | -49.22% | -33.60% | -35.62% | -38.01% | -34.84% |
IAU iShares Gold Trust | -7.29% | 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
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 | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.15 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.72 | -1.58 |
| Martin ratioReturn relative to average drawdown | -1.25 | 1.77 | -3.02 |
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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 | -76.62% | -26.17% | -50.45% |
Max Drawdown (3Y)Largest decline over 3 years | -88.12% | -26.17% | -61.95% |
Max Drawdown (5Y)Largest decline over 5 years | -95.14% | -26.17% | -68.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.17% | — |
Current DrawdownCurrent decline from peak | -95.26% | -25.91% | -69.35% |
Average DrawdownAverage peak-to-trough decline | -75.16% | -16.00% | -59.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.50% | 10.66% | +41.84% |
Volatility
INVZ vs. IAU - Volatility Comparison
Innoviz Technologies Ltd. (INVZ) has a higher volatility of 27.27% compared to iShares Gold Trust (IAU) at 7.54%. 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 | 27.27% | 7.54% | +19.73% |
Volatility (6M)Calculated over the trailing 6-month period | 55.32% | 24.02% | +31.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.69% | 27.75% | +59.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.90% | 18.33% | +71.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.01% | 16.04% | +72.97% |
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 (27.27%) compared to IAU (7.54%). In terms of maximum drawdown, INVZ dropped -96.06% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.68 vs -0.75), 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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