IVVD vs. IAU

Last updated Apr 1, 2026

Compare and contrast key facts about Invivyd Inc. (IVVD) and iShares Gold Trust (IAU).

IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005.

Performance

IVVD vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invivyd Inc. (IVVD) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

IVVD vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IVVD Invivyd Inc.	-47.37%	457.44%	-88.75%	162.67%	-79.34%	-65.23%
IAU iShares Gold Trust	8.61%	63.95%	26.85%	12.84%	-0.63%	3.85%

Returns By Period

In the year-to-date period, IVVD achieves a -47.37% return, which is significantly lower than IAU's 8.61% return.

IVVD

• 1D: 9.24%
• 1M: -23.08%
• YTD: -47.37%
• 6M: 18.18%
• 1Y: 114.77%
• 3Y*: 2.70%
• 5Y*: —
• 10Y*: —

IAU

• 1D: 3.80%
• 1M: -11.01%
• YTD: 8.61%
• 6M: 21.15%
• 1Y: 49.53%
• 3Y*: 33.12%
• 5Y*: 21.78%
• 10Y*: 14.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IVVD vs. IAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVVD

IVVD Risk / Return Rank: 77
IVVD Sharpe Ratio Rank: 69
IVVD Sortino Ratio Rank: 85
IVVD Omega Ratio Rank: 77
IVVD Calmar Ratio Rank: 77
IVVD Martin Ratio Rank: 76

IAU

IAU Risk / Return Rank: 87
IAU Sharpe Ratio Rank: 88
IAU Sortino Ratio Rank: 86
IAU Omega Ratio Rank: 86
IAU Calmar Ratio Rank: 89
IAU Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVVD vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invivyd Inc. (IVVD) 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.

	IVVD	IAU	Difference
Sharpe ratio Return per unit of total volatility	0.81	1.80	-1.00
Sortino ratio Return per unit of downside risk	2.37	2.24	+0.13
Omega ratio Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio Return relative to maximum drawdown	1.99	2.69	-0.71
Martin ratio Return relative to average drawdown	4.72	9.97	-5.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVVD vs. IAU - Sharpe Ratio Comparison

The current IVVD Sharpe Ratio is 0.81, which is lower than the IAU Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IVVD and IAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IVVD	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.80	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.64	-0.89

Correlation

The correlation between IVVD and IAU is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IVVD vs. IAU - Dividend Comparison

Neither IVVD nor IAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IVVD vs. IAU - Drawdown Comparison

The maximum IVVD drawdown since its inception was -99.36%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for IVVD and IAU.

Drawdown Indicators

	IVVD	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-45.14%	-54.22%
Max Drawdown (1Y) Largest decline over 1 year	-58.68%	-19.18%	-39.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.82%	—
Current Drawdown Current decline from peak	-97.68%	-13.20%	-84.48%
Average Drawdown Average peak-to-trough decline	-90.88%	-15.98%	-74.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.72%	5.18%	+19.54%

Volatility

IVVD vs. IAU - Volatility Comparison

Invivyd Inc. (IVVD) has a higher volatility of 28.49% compared to iShares Gold Trust (IAU) at 11.02%. This indicates that IVVD'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.

Volatility by Period

	IVVD	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.49%	11.02%	+17.47%
Volatility (6M) Calculated over the trailing 6-month period	80.52%	24.11%	+56.41%
Volatility (1Y) Calculated over the trailing 1-year period	142.91%	27.62%	+115.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	181.17%	17.69%	+163.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	181.17%	15.82%	+165.35%