KGLD vs. IAUM
KGLD (Kurv Gold Enhanced Income ETF ) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - KGLD is a Derivative Income fund actively managed by Kurv, while IAUM is a Gold fund tracking the LBMA Gold Price PM. KGLD is actively managed, while IAUM is passively managed. Over the past year, KGLD returned 17.91% vs 19.15% for IAUM. With a 0.98 correlation, they move nearly in lockstep. KGLD charges 1.00%/yr vs 0.09%/yr for IAUM.
Performance
KGLD vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, KGLD achieves a -7.88% return, which is significantly lower than IAUM's -7.23% return.
KGLD
- 1D
- -2.53%
- 1M
- -5.25%
- 6M
- -13.85%
- YTD
- -7.88%
- 1Y
- 17.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- -2.57%
- 1M
- -4.96%
- 6M
- -12.91%
- YTD
- -7.23%
- 1Y
- 19.15%
- 3Y*
- 26.91%
- 5Y*
- 16.91%
- 10Y*
- —
KGLD vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KGLD Kurv Gold Enhanced Income ETF | -7.88% | 29.75% |
IAUM iShares Gold Trust Micro | -7.23% | 29.18% |
Correlation
The correlation between KGLD and IAUM is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.98 |
The correlation between KGLD and IAUM has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
KGLD vs. IAUM — Risk / Return Rank
KGLD
IAUM
KGLD vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.
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.
| KGLD | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.74 | -0.09 |
| Martin ratioReturn relative to average drawdown | 1.55 | 1.80 | -0.25 |
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Drawdowns
KGLD vs. IAUM - Drawdown Comparison
The maximum KGLD drawdown since its inception was -28.07%, which is greater than IAUM's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for KGLD and IAUM.
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Drawdown Indicators
| KGLD | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -26.14% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -28.07% | -26.14% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -27.90% | -25.86% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -5.66% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 10.65% | +0.91% |
Volatility
KGLD vs. IAUM - Volatility Comparison
Kurv Gold Enhanced Income ETF (KGLD) and iShares Gold Trust Micro (IAUM) have volatilities of 7.48% and 7.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGLD | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 7.53% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.10% | 23.90% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.99% | 27.65% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 18.23% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 18.17% | +10.61% |
KGLD vs. IAUM - Expense Ratio Comparison
KGLD has a 1.00% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
KGLD vs. IAUM - Dividend Comparison
KGLD's dividend yield for the trailing twelve months is around 15.67%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% |
KGLD Kurv Gold Enhanced Income ETF | 15.67% | 4.59% |
Frequently Asked Questions
With a correlation of 0.99, KGLD 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 (7.53%) compared to KGLD (7.48%). In terms of maximum drawdown, KGLD dropped -28.07% vs IAUM's -26.14%.
On 1-year performance, IAUM leads with 19.15% vs 17.91% for KGLD. On fees, IAUM is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAUM has performed better with a 19.15% return vs 17.91%. 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 1.00% for KGLD.
KGLD has the higher dividend yield at 15.67%, compared with 0.00% for IAUM.
KGLD is categorized as Derivative Income, while IAUM is Gold. They also come from different issuers: Kurv and iShares. Their fees differ too: 1.00% for KGLD and 0.09% for IAUM.
IAUM currently has the higher Sharpe Ratio (0.70 vs 0.62), 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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