PEGA vs. IAU
PEGA (Pegasystems Inc.) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, PEGA returned 9.23%/yr vs 12.31%/yr for IAU. At a 0.02 correlation, their price movements are largely independent.
Performance
PEGA vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, PEGA achieves a -45.08% return, which is significantly lower than IAU's -2.44% return. Over the past 10 years, PEGA has underperformed IAU with an annualized return of 9.23%, while IAU has yielded a comparatively higher 12.31% annualized return.
PEGA
- 1D
- -0.15%
- 1M
- -2.82%
- YTD
- -45.08%
- 6M
- -44.99%
- 1Y
- -33.56%
- 3Y*
- 8.87%
- 5Y*
- -12.80%
- 10Y*
- 9.23%
IAU
- 1D
- 0.08%
- 1M
- -7.39%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 22.32%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
PEGA vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEGA Pegasystems Inc. | -45.08% | 28.39% | 91.01% | 43.07% | -69.29% | -16.01% | 67.51% | 66.81% | 1.66% | 31.28% |
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between PEGA and IAU is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | 0.02 |
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Return for Risk
PEGA vs. IAU — Risk / Return Rank
PEGA
IAU
PEGA vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pegasystems Inc. (PEGA) 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.
| PEGA | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.19 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 0.99 | -1.68 |
| Martin ratioReturn relative to average drawdown | -1.33 | 2.83 | -4.17 |
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Drawdowns
PEGA vs. IAU - Drawdown Comparison
The maximum PEGA drawdown since its inception was -94.81%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for PEGA and IAU.
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Drawdown Indicators
| PEGA | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.81% | -45.14% | -49.67% |
Max Drawdown (1Y)Largest decline over 1 year | -50.84% | -24.40% | -26.44% |
Max Drawdown (3Y)Largest decline over 3 years | -50.84% | -24.40% | -26.44% |
Max Drawdown (5Y)Largest decline over 5 years | -78.59% | -24.40% | -54.19% |
Max Drawdown (10Y)Largest decline over 10 years | -79.21% | -24.40% | -54.81% |
Current DrawdownCurrent decline from peak | -54.86% | -22.03% | -32.83% |
Average DrawdownAverage peak-to-trough decline | -44.86% | -15.97% | -28.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.39% | 8.47% | +17.92% |
Volatility
PEGA vs. IAU - Volatility Comparison
Pegasystems Inc. (PEGA) has a higher volatility of 12.27% compared to iShares Gold Trust (IAU) at 7.70%. This indicates that PEGA'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.
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Volatility by Period
| PEGA | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.27% | 7.70% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 38.25% | 23.94% | +14.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.03% | 27.17% | +21.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.50% | 18.16% | +33.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.02% | 16.02% | +28.00% |
Dividends
PEGA vs. IAU - Dividend Comparison
PEGA's dividend yield for the trailing twelve months is around 0.37%, 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% |
PEGA Pegasystems Inc. | 0.37% | 0.15% | 0.10% | 0.25% | 0.35% | 0.11% | 0.09% | 0.15% | 0.25% | 0.25% | 0.33% | 0.44% |
Frequently Asked Questions
PEGA and IAU have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEGA has higher volatility (12.27%) compared to IAU (7.70%). In terms of maximum drawdown, PEGA dropped -94.81% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.89 vs -0.72), 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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