OZEM vs. IAUM
OZEM (Roundhill Glp-1 & Weight Loss ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - OZEM is a Health & Biotech Equities fund actively managed by Roundhill, while IAUM is a Gold fund tracking the LBMA Gold Price PM. OZEM is actively managed, while IAUM is passively managed. Over the past year, OZEM returned 23.16% vs 19.85% for IAUM. At a 0.19 correlation, their price movements are largely independent. OZEM charges 0.59%/yr vs 0.09%/yr for IAUM.
Performance
OZEM vs. IAUM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with OZEM having a -7.52% return and IAUM slightly lower at -7.58%.
OZEM
- 1D
- 0.96%
- 1M
- 1.18%
- YTD
- -7.52%
- 6M
- -9.97%
- 1Y
- 23.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- -3.05%
- 1M
- -11.57%
- YTD
- -7.58%
- 6M
- -11.04%
- 1Y
- 19.85%
- 3Y*
- 27.50%
- 5Y*
- —
- 10Y*
- —
OZEM vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OZEM Roundhill Glp-1 & Weight Loss ETF | -7.52% | 41.87% | -3.85% |
IAUM iShares Gold Trust Micro | -7.58% | 64.27% | 8.01% |
Correlation
The correlation between OZEM and IAUM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.19 |
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Return for Risk
OZEM vs. IAUM — Risk / Return Rank
OZEM
IAUM
OZEM vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Glp-1 & Weight Loss ETF (OZEM) 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.
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.
| OZEM | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.76 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.44 | 2.16 | +0.27 |
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Drawdowns
OZEM vs. IAUM - Drawdown Comparison
The maximum OZEM drawdown since its inception was -28.65%, which is greater than IAUM's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for OZEM and IAUM.
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Drawdown Indicators
| OZEM | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.65% | -26.14% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.50% | -26.14% | +6.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -14.65% | -26.14% | +11.49% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -5.48% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 9.20% | +0.34% |
Volatility
OZEM vs. IAUM - Volatility Comparison
The current volatility for Roundhill Glp-1 & Weight Loss ETF (OZEM) is 7.11%, while iShares Gold Trust Micro (IAUM) has a volatility of 8.54%. This indicates that OZEM 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.
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Volatility by Period
| OZEM | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 8.54% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 24.30% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 27.45% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 18.15% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.01% | 18.15% | +6.86% |
OZEM vs. IAUM - Expense Ratio Comparison
OZEM has a 0.59% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
OZEM vs. IAUM - Dividend Comparison
OZEM's dividend yield for the trailing twelve months is around 1.30%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% |
OZEM Roundhill Glp-1 & Weight Loss ETF | 1.30% | 1.20% | 0.22% |
Frequently Asked Questions
OZEM and IAUM have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (8.54%) compared to OZEM (7.11%). In terms of maximum drawdown, OZEM dropped -28.65% vs IAUM's -26.14%.
On 1-year performance, OZEM leads with 23.16% vs 19.85% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, OZEM has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OZEM has performed better with a 23.16% return vs 19.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.59% for OZEM.
OZEM has the higher dividend yield at 1.30%, compared with 0.00% for IAUM.
OZEM is categorized as Health & Biotech Equities, while IAUM is Gold. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.59% for OZEM and 0.09% for IAUM.
OZEM currently has the higher Sharpe Ratio (0.97 vs 0.73), 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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