MTAL vs. IAUM
Compare and contrast key facts about Metals Acquisition Corp (MTAL) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTAL or IAUM.
Correlation
The correlation between MTAL and IAUM is 0.10, 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.
Performance
MTAL vs. IAUM - Performance Comparison
Key characteristics
MTAL:
-0.34
IAUM:
2.95
MTAL:
-0.22
IAUM:
3.73
MTAL:
0.97
IAUM:
1.50
MTAL:
-0.45
IAUM:
5.55
MTAL:
-0.85
IAUM:
15.17
MTAL:
17.37%
IAUM:
2.96%
MTAL:
43.05%
IAUM:
15.23%
MTAL:
-32.84%
IAUM:
-20.87%
MTAL:
-28.09%
IAUM:
-0.10%
Returns By Period
In the year-to-date period, MTAL achieves a 1.22% return, which is significantly lower than IAUM's 11.88% return.
MTAL
1.22%
-0.83%
-11.08%
-11.89%
N/A
N/A
IAUM
11.88%
6.47%
16.89%
44.95%
N/A
N/A
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Risk-Adjusted Performance
MTAL vs. IAUM — Risk-Adjusted Performance Rank
MTAL
IAUM
MTAL vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Metals Acquisition Corp (MTAL) and iShares Gold Trust Micro ETF of Benef Interest (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.
Dividends
MTAL vs. IAUM - Dividend Comparison
Neither MTAL nor IAUM has paid dividends to shareholders.
Drawdowns
MTAL vs. IAUM - Drawdown Comparison
The maximum MTAL drawdown since its inception was -32.84%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for MTAL and IAUM. For additional features, visit the drawdowns tool.
Volatility
MTAL vs. IAUM - Volatility Comparison
Metals Acquisition Corp (MTAL) has a higher volatility of 13.81% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 3.68%. This indicates that MTAL's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.