NXG vs. IAUM
NXG (NXG NextGen Infrastructure Income Fund) and IAUM (iShares Gold Trust Micro) are both funds - NXG is a Global Equity Income fund actively managed by NXG, while IAUM is a Gold fund tracking the LBMA Gold Price PM. NXG is actively managed, while IAUM is passively managed. Over the past 3 years, NXG returned 34.13%/yr vs 29.97%/yr for IAUM. At a 0.06 correlation, their price movements are largely independent. NXG charges 1.00%/yr vs 0.09%/yr for IAUM.
Performance
NXG vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, NXG achieves a 22.37% return, which is significantly higher than IAUM's 0.07% return.
NXG
- 1D
- -2.54%
- 1M
- 1.18%
- YTD
- 22.37%
- 6M
- 20.60%
- 1Y
- 36.05%
- 3Y*
- 34.13%
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- -3.63%
- 1M
- -8.02%
- YTD
- 0.07%
- 6M
- 2.72%
- 1Y
- 28.61%
- 3Y*
- 29.97%
- 5Y*
- —
- 10Y*
- —
NXG vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NXG NXG NextGen Infrastructure Income Fund | 22.37% | 25.98% | 51.16% | 4.54% | -5.68% |
IAUM iShares Gold Trust Micro | 0.07% | 64.27% | 27.04% | 13.12% | 10.60% |
Correlation
The correlation between NXG and IAUM is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2022 | 0.06 |
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Return for Risk
NXG vs. IAUM — Risk / Return Rank
NXG
IAUM
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 ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.22 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.44 | +1.31 |
| Martin ratioReturn relative to average drawdown | 7.55 | 3.64 | +3.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NXG | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.08 | +0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.11 | -0.14 |
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.
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Drawdown Indicators
| NXG | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -20.87% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -20.02% | +6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -26.14% | -20.02% | -6.12% |
Current DrawdownCurrent decline from peak | -2.54% | -20.02% | +17.48% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -5.32% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 7.88% | -3.09% |
Volatility
NXG vs. IAUM - Volatility Comparison
NXG NextGen Infrastructure Income Fund (NXG) has a higher volatility of 6.45% compared to iShares Gold Trust Micro (IAUM) at 5.63%. This indicates that NXG'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.
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Volatility by Period
| NXG | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 5.63% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 23.20% | -8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.30% | 26.56% | -7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 17.93% | +8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.90% | 17.93% | +8.97% |
NXG vs. IAUM - Expense Ratio Comparison
NXG has a 1.00% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
NXG vs. IAUM - Dividend Comparison
NXG's dividend yield for the trailing twelve months is around 11.02%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXG NXG NextGen Infrastructure Income Fund | 11.02% | 12.83% | 14.15% | 12.00% | 1.11% |
Frequently Asked Questions
NXG and IAUM have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXG has higher volatility (6.45%) compared to IAUM (5.63%). In terms of maximum drawdown, NXG dropped -26.14% vs IAUM's -20.87%.
NXG currently has the higher Sharpe Ratio (1.88 vs 1.08), 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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