QTUM vs. IAUM

Last updated Jun 9, 2026

QTUM (Defiance Quantum ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, QTUM returned 48.48%/yr vs 30.12%/yr for IAUM. At a 0.17 correlation, their price movements are largely independent. QTUM charges 0.40%/yr vs 0.09%/yr for IAUM.

Performance

QTUM vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Quantum ETF (QTUM) and iShares Gold Trust Micro (IAUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTUM achieves a 44.14% return, which is significantly higher than IAUM's 0.28% return.

QTUM

• 1D: 3.25%
• 1M: 8.85%
• YTD: 44.14%
• 6M: 39.20%
• 1Y: 80.80%
• 3Y*: 48.48%
• 5Y*: 27.81%
• 10Y*: —

IAUM

• 1D: 0.21%
• 1M: -8.41%
• YTD: 0.28%
• 6M: 3.16%
• 1Y: 30.56%
• 3Y*: 30.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QTUM vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTUM Defiance Quantum ETF	44.14%	36.65%	50.54%	39.86%	-28.80%	11.96%
IAUM iShares Gold Trust Micro	0.28%	64.27%	27.04%	13.12%	-0.49%	3.87%

Correlation

The correlation between QTUM and IAUM is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.17

QTUM vs. IAUM - Sectors Allocation Comparison

Sectors	QTUM	IAUM
Technology	85.1%	-
Industrials	8.7%	-
Communication Services	4.9%	-
Consumer Cyclical	0.7%	-
Healthcare	0.6%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	100.0%
Utilities	-	-

Return for Risk

QTUM vs. IAUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTUM

QTUM Risk / Return Rank: 89
QTUM Sharpe Ratio Rank: 92
QTUM Sortino Ratio Rank: 84
QTUM Omega Ratio Rank: 85
QTUM Calmar Ratio Rank: 91
QTUM Martin Ratio Rank: 91

IAUM

IAUM Risk / Return Rank: 34
IAUM Sharpe Ratio Rank: 35
IAUM Sortino Ratio Rank: 31
IAUM Omega Ratio Rank: 39
IAUM Calmar Ratio Rank: 34
IAUM Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTUM vs. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.

	QTUM	IAUM	Difference
Sharpe ratio: Return per unit of total volatility	2.94	1.16	+1.78
Sortino ratio: Return per unit of downside risk	3.42	1.54	+1.88
Omega ratio: Gain probability vs. loss probability	1.47	1.23	+0.23
Calmar ratio: Return relative to maximum drawdown	5.32	1.53	+3.79
Martin ratio: Return relative to average drawdown	19.76	3.84	+15.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTUM vs. IAUM - Sharpe Ratio Comparison

The current QTUM Sharpe Ratio is 2.94, which is higher than the IAUM Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of QTUM and IAUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTUM	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	1.16	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	1.11	-0.08

Drawdowns

QTUM vs. IAUM - Drawdown Comparison

The maximum QTUM drawdown since its inception was -38.45%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for QTUM and IAUM.

Drawdown Indicators

	QTUM	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-20.87%	-17.58%
Max Drawdown (1Y) Largest decline over 1 year	-15.26%	-20.02%	+4.76%
Max Drawdown (3Y) Largest decline over 3 years	-25.39%	-20.02%	-5.37%
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Current Drawdown Current decline from peak	-6.53%	-19.85%	+13.32%
Average Drawdown Average peak-to-trough decline	-8.25%	-5.33%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	7.98%	-3.88%

Volatility

QTUM vs. IAUM - Volatility Comparison

Defiance Quantum ETF (QTUM) has a higher volatility of 13.41% compared to iShares Gold Trust Micro (IAUM) at 5.64%. This indicates that QTUM'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.

Volatility by Period

	QTUM	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	5.64%	+7.77%
Volatility (6M) Calculated over the trailing 6-month period	22.31%	23.20%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	27.73%	26.57%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	17.92%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.34%	17.92%	+9.42%

QTUM vs. IAUM - Expense Ratio Comparison

QTUM has a 0.40% expense ratio, which is higher than IAUM's 0.09% expense ratio.

Dividends

QTUM vs. IAUM - Dividend Comparison

QTUM's dividend yield for the trailing twelve months is around 0.74%, while IAUM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.74%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both QTUM and IAUM in my portfolio?

QTUM and IAUM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTUM or IAUM?

QTUM has higher volatility (13.41%) compared to IAUM (5.64%). In terms of maximum drawdown, QTUM dropped -38.45% vs IAUM's -20.87%.

Which ETF is better, QTUM or IAUM?

On 3-year performance, QTUM leads with 48.48% vs 30.12% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTUM or IAUM?

Over the 3-year period, QTUM has performed better with a 48.48% return vs 30.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTUM or IAUM?

IAUM is cheaper with a 0.09% expense ratio, compared with 0.40% for QTUM.

Which ETF pays a higher dividend yield, QTUM or IAUM?

QTUM has the higher dividend yield at 0.74%, compared with 0.00% for IAUM.

What is the main difference between QTUM and IAUM?

QTUM is categorized as Technology Equities, while IAUM is Gold. QTUM tracks BlueStar Machine Learning and Quantum Computing Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.40% for QTUM and 0.09% for IAUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.94 vs 1.16), 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.