PHYS vs. IAUM
Compare and contrast key facts about Sprott Physical Gold Trust (PHYS) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHYS or IAUM.
Key characteristics
| PHYS | IAUM | |
|---|---|---|
| YTD Return | 24.11% | 24.66% |
| 1Y Return | 28.54% | 31.02% |
| 3Y Return (Ann) | 10.44% | 11.26% |
| Sharpe Ratio | 2.01 | 2.20 |
| Sortino Ratio | 2.62 | 2.92 |
| Omega Ratio | 1.35 | 1.38 |
| Calmar Ratio | 3.39 | 4.20 |
| Martin Ratio | 12.21 | 13.93 |
| Ulcer Index | 2.42% | 2.31% |
| Daily Std Dev | 14.71% | 14.65% |
| Max Drawdown | -48.16% | -20.87% |
| Current Drawdown | -8.73% | -7.66% |
Correlation
The correlation between PHYS and IAUM is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PHYS vs. IAUM - Performance Comparison
The year-to-date returns for both investments are quite close, with PHYS having a 24.11% return and IAUM slightly higher at 24.66%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PHYS vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS) and iShares Gold Trust Micro ETF of Benef Interest (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.
Dividends
PHYS vs. IAUM - Dividend Comparison
Neither PHYS nor IAUM has paid dividends to shareholders.
Drawdowns
PHYS vs. IAUM - Drawdown Comparison
The maximum PHYS drawdown since its inception was -48.16%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for PHYS and IAUM. For additional features, visit the drawdowns tool.
Volatility
PHYS vs. IAUM - Volatility Comparison
Sprott Physical Gold Trust (PHYS) has a higher volatility of 5.67% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.36%. This indicates that PHYS'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.