MURGY vs. IAU
MURGY (Muenchener Rueckver Ges) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, MURGY returned 18.52%/yr vs 11.28%/yr for IAU. At a 0.11 correlation, their price movements are largely independent.
Performance
MURGY vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, MURGY achieves a -7.41% return, which is significantly higher than IAU's -7.85% return. Over the past 10 years, MURGY has outperformed IAU with an annualized return of 18.52%, while IAU has yielded a comparatively lower 11.28% annualized return.
MURGY
- 1D
- 0.43%
- 1M
- 8.26%
- 6M
- 1.18%
- YTD
- -7.41%
- 1Y
- -8.38%
- 3Y*
- 20.03%
- 5Y*
- 21.55%
- 10Y*
- 18.52%
IAU
- 1D
- -1.94%
- 1M
- -8.22%
- 6M
- -13.74%
- YTD
- -7.85%
- 1Y
- 18.52%
- 3Y*
- 26.40%
- 5Y*
- 16.75%
- 10Y*
- 11.28%
MURGY vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MURGY Muenchener Rueckver Ges | -7.41% | 36.01% | 23.53% | 34.32% | 14.50% | 2.58% | 4.34% | 38.79% | 4.17% | 28.67% |
IAU iShares Gold Trust | -7.85% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between MURGY and IAU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2008 | 0.11 |
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Return for Risk
MURGY vs. IAU — Risk / Return Rank
MURGY
IAU
MURGY vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muenchener Rueckver Ges (MURGY) 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.
| MURGY | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.71 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.67 | 1.69 | -2.35 |
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Drawdowns
MURGY vs. IAU - Drawdown Comparison
The maximum MURGY drawdown since its inception was -48.01%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for MURGY and IAU.
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Drawdown Indicators
| MURGY | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.01% | -45.14% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -26.36% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -26.36% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -26.36% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -48.01% | -26.36% | -21.65% |
Current DrawdownCurrent decline from peak | -13.69% | -26.36% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -16.00% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.61% | 11.02% | +1.59% |
Volatility
MURGY vs. IAU - Volatility Comparison
The current volatility for Muenchener Rueckver Ges (MURGY) is 5.15%, while iShares Gold Trust (IAU) has a volatility of 6.56%. This indicates that MURGY experiences smaller price fluctuations and is considered to be less risky 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
| MURGY | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 6.56% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.82% | 24.04% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.48% | 27.79% | -5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.40% | 18.35% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 16.05% | +9.58% |
Dividends
MURGY vs. IAU - Dividend Comparison
MURGY's dividend yield for the trailing twelve months is around 4.75%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MURGY Muenchener Rueckver Ges | 4.75% | 3.31% | 3.21% | 2.98% | 3.73% | 2.68% | 2.50% | 2.44% | 3.39% | 10.17% | 9.45% | 4.25% |
Frequently Asked Questions
MURGY and IAU have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAU has higher volatility (6.56%) compared to MURGY (5.15%). In terms of maximum drawdown, MURGY dropped -48.01% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.67 vs -0.38), 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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