IVVD vs. IAU
IVVD (Invivyd Inc.) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 3 years, IVVD returned -28.28%/yr vs 27.40%/yr for IAU. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
IVVD vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, IVVD achieves a -78.34% return, which is significantly lower than IAU's -6.16% return.
IVVD
- 1D
- -8.01%
- 1M
- -40.14%
- 6M
- -69.25%
- YTD
- -78.34%
- 1Y
- -26.94%
- 3Y*
- -28.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.12%
IAU
- 1D
- -1.46%
- 1M
- -1.73%
- 6M
- -16.48%
- YTD
- -6.16%
- 1Y
- 20.35%
- 3Y*
- 27.40%
- 5Y*
- 17.12%
- 10Y*
- 11.21%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $349.43M | $363.40M | $472.72M | |
IVVD Invivyd Inc. | $2.02M | $2.46M | $4.19M |
IVVD vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IVVD Invivyd Inc. | -78.34% | 457.44% | -88.75% | 162.67% | -79.34% | -65.43% |
IAU iShares Gold Trust | -6.16% | 63.95% | 26.85% | 12.84% | -0.63% | 1.34% |
Correlation
The correlation between IVVD and IAU is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.08 |
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Return for Risk
IVVD vs. IAU — Risk / Return Rank
IVVD
IAU
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.
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.
| IVVD | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.87 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.55 | 1.88 | -2.43 |
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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.
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Drawdown Indicators
| IVVD | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -45.14% | -54.22% |
Max Drawdown (1Y)Largest decline over 1 year | -81.42% | -26.36% | -55.06% |
Max Drawdown (3Y)Largest decline over 3 years | -92.90% | -26.36% | -66.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.36% | — |
Current DrawdownCurrent decline from peak | -99.05% | -25.01% | -74.04% |
Average DrawdownAverage peak-to-trough decline | -91.29% | -16.02% | -75.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.94% | 12.16% | +29.78% |
Volatility
IVVD vs. IAU - Volatility Comparison
Invivyd Inc. (IVVD) has a higher volatility of 27.19% compared to iShares Gold Trust (IAU) at 6.35%. 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.
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Volatility by Period
| IVVD | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.19% | 6.35% | +20.84% |
Volatility (6M)Calculated over the trailing 6-month period | 68.58% | 23.35% | +45.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.08% | 27.92% | +114.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 176.97% | 18.42% | +158.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 176.97% | 16.08% | +160.89% |
Dividends
IVVD vs. IAU - Dividend Comparison
Neither IVVD nor IAU has paid dividends to shareholders.
Frequently Asked Questions
IVVD and IAU have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (27.19%) compared to IAU (6.35%). In terms of maximum drawdown, IVVD dropped -99.36% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.82 vs -0.16), 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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