REPYY vs. AAAU

Last updated Apr 1, 2026

Compare and contrast key facts about Repsol SA (REPYY) 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.

Performance

REPYY vs. AAAU - Performance Comparison

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

REPYY vs. AAAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
REPYY Repsol SA	56.10%	66.69%	-13.03%	-2.01%	41.58%	20.97%	-30.67%	6.40%	-12.60%
AAAU Goldman Sachs Physical Gold ETF	8.55%	64.06%	26.91%	12.96%	-0.50%	-4.01%	25.02%	18.17%	9.20%

Returns By Period

In the year-to-date period, REPYY achieves a 56.10% return, which is significantly higher than AAAU's 8.55% return.

REPYY

• 1D: 1.51%
• 1M: 25.80%
• YTD: 56.10%
• 6M: 63.82%
• 1Y: 127.74%
• 3Y*: 30.97%
• 5Y*: 24.88%
• 10Y*: 16.52%

AAAU

• 1D: 3.76%
• 1M: -11.04%
• YTD: 8.55%
• 6M: 21.17%
• 1Y: 49.58%
• 3Y*: 33.19%
• 5Y*: 21.84%
• 10Y*: —

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

Return for Risk

REPYY vs. AAAU — Risk / Return Rank

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

REPYY

REPYY Risk / Return Rank: 98
REPYY Sharpe Ratio Rank: 99
REPYY Sortino Ratio Rank: 98
REPYY Omega Ratio Rank: 98
REPYY Calmar Ratio Rank: 96
REPYY Martin Ratio Rank: 98

AAAU

AAAU Risk / Return Rank: 87
AAAU Sharpe Ratio Rank: 88
AAAU Sortino Ratio Rank: 86
AAAU Omega Ratio Rank: 86
AAAU Calmar Ratio Rank: 89
AAAU Martin Ratio Rank: 88

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.

REPYY vs. AAAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Repsol SA (REPYY) 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.

	REPYY	AAAU	Difference
Sharpe ratio Return per unit of total volatility	4.48	1.81	+2.66
Sortino ratio Return per unit of downside risk	4.41	2.25	+2.16
Omega ratio Gain probability vs. loss probability	1.68	1.33	+0.35
Calmar ratio Return relative to maximum drawdown	6.24	2.70	+3.54
Martin ratio Return relative to average drawdown	23.99	10.02	+13.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REPYY vs. AAAU - Sharpe Ratio Comparison

The current REPYY Sharpe Ratio is 4.48, which is higher than the AAAU Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of REPYY 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.

Sharpe Ratios by Period

	REPYY	AAAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.48	1.81	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	1.25	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.17	-0.68

Correlation

The correlation between REPYY and AAAU is 0.11, 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.

Dividends

REPYY vs. AAAU - Dividend Comparison

REPYY's dividend yield for the trailing twelve months is around 4.11%, while AAAU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
REPYY Repsol SA	4.11%	5.69%	8.07%	5.03%	4.22%	2.41%	8.21%	8.35%	2.97%	4.31%	3.89%
AAAU Goldman Sachs Physical Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

REPYY vs. AAAU - Drawdown Comparison

The maximum REPYY drawdown since its inception was -65.56%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for REPYY and AAAU.

Drawdown Indicators

	REPYY	AAAU	Difference
Max Drawdown Largest peak-to-trough decline	-65.56%	-21.63%	-43.93%
Max Drawdown (1Y) Largest decline over 1 year	-19.92%	-19.13%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-35.71%	-20.94%	-14.77%
Max Drawdown (10Y) Largest decline over 10 years	-65.56%	—	—
Current Drawdown Current decline from peak	-0.95%	-13.19%	+12.24%
Average Drawdown Average peak-to-trough decline	-16.11%	-6.00%	-10.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	5.16%	+0.04%

Volatility

REPYY vs. AAAU - Volatility Comparison

Repsol SA (REPYY) has a higher volatility of 12.20% compared to Goldman Sachs Physical Gold ETF (AAAU) at 11.00%. This indicates that REPYY's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REPYY	AAAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.20%	11.00%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	22.14%	24.01%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	28.74%	27.49%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.14%	17.58%	+10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.27%	16.92%	+15.35%