NIKL vs. IAU
Compare and contrast key facts about Sprott Nickel Miners ETF (NIKL) and iShares Gold Trust (IAU).
NIKL and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both NIKL and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NIKL or IAU.
Performance
NIKL vs. IAU - Performance Comparison
Returns By Period
In the year-to-date period, NIKL achieves a -15.20% return, which is significantly lower than IAU's 26.29% return.
NIKL
-15.20%
-8.49%
-25.08%
-18.99%
N/A
N/A
IAU
26.29%
-4.05%
7.41%
31.44%
11.98%
7.88%
Key characteristics
| NIKL | IAU | |
|---|---|---|
| Sharpe Ratio | -0.66 | 2.12 |
| Sortino Ratio | -0.85 | 2.85 |
| Omega Ratio | 0.91 | 1.37 |
| Calmar Ratio | -0.45 | 3.87 |
| Martin Ratio | -1.08 | 12.76 |
| Ulcer Index | 16.70% | 2.46% |
| Daily Std Dev | 27.22% | 14.84% |
| Max Drawdown | -40.28% | -45.14% |
| Current Drawdown | -37.39% | -6.38% |
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NIKL vs. IAU - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than IAU's 0.25% expense ratio.
Correlation
The correlation between NIKL and IAU is 0.38, 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.
Risk-Adjusted Performance
NIKL vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) 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.
Dividends
NIKL vs. IAU - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 23.01%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
NIKL Sprott Nickel Miners ETF | 23.01% | 19.51% |
IAU iShares Gold Trust | 0.00% | 0.00% |
Drawdowns
NIKL vs. IAU - Drawdown Comparison
The maximum NIKL drawdown since its inception was -40.28%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for NIKL and IAU. For additional features, visit the drawdowns tool.
Volatility
NIKL vs. IAU - Volatility Comparison
Sprott Nickel Miners ETF (NIKL) has a higher volatility of 6.56% compared to iShares Gold Trust (IAU) at 5.65%. This indicates that NIKL'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.