RMAU.L vs. IAUM
Compare and contrast key facts about The Royal Mint Physical Gold ETC Securities (RMAU.L) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
RMAU.L and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RMAU.L is a passively managed fund by HANetf that tracks the performance of the LBMA Gold PM Price. It was launched on Dec 2, 2020. 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. Both RMAU.L and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMAU.L or IAUM.
Key characteristics
| RMAU.L | IAUM | |
|---|---|---|
| YTD Return | 13.62% | 14.22% |
| 1Y Return | 16.35% | 16.89% |
| Sharpe Ratio | 1.40 | 1.40 |
| Daily Std Dev | 12.27% | 12.24% |
| Max Drawdown | -21.25% | -20.87% |
| Current Drawdown | -1.87% | -1.38% |
Correlation
The correlation between RMAU.L and IAUM is 0.76, 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
RMAU.L vs. IAUM - Performance Comparison
The year-to-date returns for both investments are quite close, with RMAU.L having a 13.62% return and IAUM slightly higher at 14.22%. 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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RMAU.L vs. IAUM - Expense Ratio Comparison
RMAU.L has a 0.22% expense ratio, which is higher than IAUM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
RMAU.L vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Royal Mint Physical Gold ETC Securities (RMAU.L) 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
RMAU.L vs. IAUM - Dividend Comparison
Neither RMAU.L nor IAUM has paid dividends to shareholders.
Drawdowns
RMAU.L vs. IAUM - Drawdown Comparison
The maximum RMAU.L drawdown since its inception was -21.25%, roughly equal to the maximum IAUM drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for RMAU.L and IAUM. For additional features, visit the drawdowns tool.
Volatility
RMAU.L vs. IAUM - Volatility Comparison
The current volatility for The Royal Mint Physical Gold ETC Securities (RMAU.L) is 4.25%, while iShares Gold Trust Micro ETF of Benef Interest (IAUM) has a volatility of 4.50%. This indicates that RMAU.L experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.