NXG vs. IAUM

Last updated Apr 2, 2026

Compare and contrast key facts about NXG NextGen Infrastructure Income Fund (NXG) and iShares Gold Trust Micro (IAUM).

NXG is an actively managed fund by NXG. It was launched on Sep 28, 2012. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021.

Performance

NXG vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NXG NextGen Infrastructure Income Fund (NXG) and iShares Gold Trust Micro (IAUM). The values are adjusted to include any dividend payments, if applicable.

NXG vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXG NXG NextGen Infrastructure Income Fund	11.11%	28.75%	51.16%	4.54%	-5.68%
IAUM iShares Gold Trust Micro	10.49%	64.27%	27.04%	13.12%	10.60%

Returns By Period

In the year-to-date period, NXG achieves a 11.11% return, which is significantly higher than IAUM's 10.49% return.

NXG

• 1D: -0.92%
• 1M: -0.04%
• YTD: 11.11%
• 6M: 18.12%
• 1Y: 35.48%
• 3Y*: 32.28%
• 5Y*: —
• 10Y*: —

IAUM

• 1D: 1.71%
• 1M: -10.65%
• YTD: 10.49%
• 6M: 23.22%
• 1Y: 52.68%
• 3Y*: 34.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXG vs. IAUM - Expense Ratio Comparison

NXG has a 1.00% expense ratio, which is higher than IAUM's 0.09% expense ratio.

NXG

NXG NextGen Infrastructure Income Fund

IAUM

iShares Gold Trust Micro

Return for Risk

NXG vs. IAUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXG

NXG Risk / Return Rank: 70
NXG Sharpe Ratio Rank: 75
NXG Sortino Ratio Rank: 69
NXG Omega Ratio Rank: 75
NXG Calmar Ratio Rank: 69
NXG Martin Ratio Rank: 60

IAUM

IAUM Risk / Return Rank: 86
IAUM Sharpe Ratio Rank: 88
IAUM Sortino Ratio Rank: 85
IAUM Omega Ratio Rank: 85
IAUM Calmar Ratio Rank: 86
IAUM Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXG vs. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG NextGen Infrastructure Income Fund (NXG) 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.

	NXG	IAUM	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.92	-0.54
Sortino ratio Return per unit of downside risk	1.77	2.35	-0.58
Omega ratio Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio Return relative to maximum drawdown	1.66	2.74	-1.08
Martin ratio Return relative to average drawdown	5.98	10.02	-4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXG vs. IAUM - Sharpe Ratio Comparison

The current NXG Sharpe Ratio is 1.39, which is comparable to the IAUM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of NXG and IAUM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXG	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.92	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	1.31	-0.38

Correlation

The correlation between NXG and IAUM is 0.05, 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.

Dividends

NXG vs. IAUM - Dividend Comparison

NXG's dividend yield for the trailing twelve months is around 11.82%, while IAUM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
NXG NXG NextGen Infrastructure Income Fund	11.82%	12.67%	14.15%	12.00%	1.11%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NXG vs. IAUM - Drawdown Comparison

The maximum NXG drawdown since its inception was -26.14%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for NXG and IAUM.

Drawdown Indicators

	NXG	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-20.87%	-5.27%
Max Drawdown (1Y) Largest decline over 1 year	-20.94%	-19.15%	-1.79%
Current Drawdown Current decline from peak	-3.72%	-11.69%	+7.97%
Average Drawdown Average peak-to-trough decline	-6.77%	-4.99%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	5.23%	+0.58%

Volatility

NXG vs. IAUM - Volatility Comparison

The current volatility for NXG NextGen Infrastructure Income Fund (NXG) is 7.41%, while iShares Gold Trust Micro (IAUM) has a volatility of 10.38%. This indicates that NXG experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXG	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	10.38%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	12.01%	24.00%	-11.99%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	27.53%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	17.79%	+9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	17.79%	+9.11%