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PHYS vs. AAAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PHYS vs. AAAU

Last updated May 14, 2025

Compare and contrast key facts about Sprott Physical Gold Trust (PHYS) and Goldman Sachs Physical Gold ETF (AAAU).

AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYS or AAAU.

Correlation

The correlation between PHYS and AAAU is 0.07, 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.

Performance

PHYS vs. AAAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Gold Trust (PHYS) and Goldman Sachs Physical Gold ETF (AAAU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PHYS:

2.11

AAAU:

2.23

Sortino Ratio

PHYS:

2.67

AAAU:

2.94

Omega Ratio

PHYS:

1.35

AAAU:

1.38

Calmar Ratio

PHYS:

3.95

AAAU:

4.72

Martin Ratio

PHYS:

10.73

AAAU:

12.51

Ulcer Index

PHYS:

3.40%

AAAU:

3.07%

Daily Std Dev

PHYS:

17.61%

AAAU:

17.53%

Max Drawdown

PHYS:

-48.16%

AAAU:

-21.63%

Current Drawdown

PHYS:

-5.38%

AAAU:

-5.10%

Returns By Period

The year-to-date returns for both investments are quite close, with PHYS having a 23.09% return and AAAU slightly higher at 23.77%.

PHYS

YTD

23.09%

1M

-0.12%

6M

24.57%

1Y

36.73%

5Y*

12.27%

10Y*

9.40%

AAAU

YTD

23.77%

1M

0.55%

6M

24.88%

1Y

38.75%

5Y*

13.24%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

PHYS vs. AAAU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PHYS
The Risk-Adjusted Performance Rank of PHYS is 9595
Overall Rank
The Sharpe Ratio Rank of PHYS is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of PHYS is 9393
Sortino Ratio Rank
The Omega Ratio Rank of PHYS is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PHYS is 9898
Calmar Ratio Rank
The Martin Ratio Rank of PHYS is 9595
Martin Ratio Rank
AAAU
The Risk-Adjusted Performance Rank of AAAU is 9595
Overall Rank
The Sharpe Ratio Rank of AAAU is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of AAAU is 9494
Sortino Ratio Rank
The Omega Ratio Rank of AAAU is 9393
Omega Ratio Rank
The Calmar Ratio Rank of AAAU is 9696
Calmar Ratio Rank
The Martin Ratio Rank of AAAU is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PHYS vs. AAAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS) and Goldman Sachs Physical Gold ETF (AAAU). 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.

The current PHYS Sharpe Ratio is 2.11, which is comparable to the AAAU Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of PHYS and AAAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

PHYS vs. AAAU - Dividend Comparison

Neither PHYS nor AAAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PHYS vs. AAAU - Drawdown Comparison

The maximum PHYS drawdown since its inception was -48.16%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for PHYS and AAAU. For additional features, visit the drawdowns tool.

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Volatility

PHYS vs. AAAU - Volatility Comparison

Sprott Physical Gold Trust (PHYS) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 8.80% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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