RMAP.L vs. IAU
Compare and contrast key facts about HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) and iShares Gold Trust (IAU).
RMAP.L and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RMAP.L is a passively managed fund by HANetf that tracks the performance of the Gold. It was launched on Feb 12, 2020. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005. Both RMAP.L and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RMAP.L vs. IAU - Performance Comparison
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RMAP.L vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RMAP.L HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 9.42% | 53.50% | 28.00% | 7.09% | 11.74% | -2.81% | 10.34% |
IAU iShares Gold Trust | 10.67% | 52.27% | 29.07% | 7.20% | 11.18% | -3.09% | 11.27% |
Different Trading Currencies
RMAP.L is traded in GBp, while IAU is traded in USD. To make them comparable, the IAU values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RMAP.L achieves a 9.42% return, which is significantly higher than IAU's 6.72% return.
RMAP.L
- 1D
- 2.06%
- 1M
- -9.72%
- YTD
- 9.42%
- 6M
- 22.78%
- 1Y
- 44.95%
- 3Y*
- 29.59%
- 5Y*
- 22.75%
- 10Y*
- —
IAU
- 1D
- 0.00%
- 1M
- -12.50%
- YTD
- 6.72%
- 6M
- 18.82%
- 1Y
- 40.86%
- 3Y*
- 28.50%
- 5Y*
- 21.98%
- 10Y*
- 14.50%
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RMAP.L vs. IAU - Expense Ratio Comparison
RMAP.L has a 0.22% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
RMAP.L vs. IAU — Risk / Return Rank
RMAP.L
IAU
RMAP.L vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) 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.
| RMAP.L | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.61 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.05 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.42 | -0.79 |
Martin ratioReturn relative to average drawdown | 3.68 | 9.22 | -5.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMAP.L | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.61 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.35 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.71 | +0.06 |
Correlation
The correlation between RMAP.L and IAU is 0.73, 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.
Dividends
RMAP.L vs. IAU - Dividend Comparison
Neither RMAP.L nor IAU has paid dividends to shareholders.
Drawdowns
RMAP.L vs. IAU - Drawdown Comparison
The maximum RMAP.L drawdown since its inception was -27.31%, smaller than the maximum IAU drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for RMAP.L and IAU.
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Drawdown Indicators
| RMAP.L | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.31% | -45.14% | +17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -27.31% | -19.18% | -8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -27.31% | -20.93% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.82% | — |
Current DrawdownCurrent decline from peak | -14.64% | -13.20% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -15.98% | +8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 5.18% | +6.93% |
Volatility
RMAP.L vs. IAU - Volatility Comparison
HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) has a higher volatility of 11.49% compared to iShares Gold Trust (IAU) at 10.47%. This indicates that RMAP.L'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
| RMAP.L | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.49% | 10.47% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 47.02% | 22.82% | +24.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.07% | 25.54% | +22.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 16.41% | +8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 16.15% | +7.74% |