SKX vs. IAU

Last updated Jun 13, 2026

SKX (Skechers U.S.A., Inc.) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. At a correlation of -0.01, they often move in opposite directions.

Performance

SKX vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skechers U.S.A., Inc. (SKX) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SKX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAU

• 1D: 0.08%
• 1M: -7.39%
• YTD: -2.44%
• 6M: -2.22%
• 1Y: 22.32%
• 3Y*: 29.07%
• 5Y*: 17.23%
• 10Y*: 12.31%

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

SKX vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKX Skechers U.S.A., Inc.	0.00%	-6.11%	7.86%	48.61%	-3.34%	20.76%	-16.79%	88.69%	-39.51%	53.95%
IAU iShares Gold Trust	-2.44%	63.95%	26.85%	12.84%	-0.63%	-4.00%	25.03%	17.98%	-1.76%	12.91%

Correlation

The correlation between SKX and IAU is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005	-0.01

The correlation between SKX and IAU shifts across timeframes, from -0.01 (10 years) to 0.09 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SKX vs. IAU — Risk / Return Rank

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

SKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IAU

IAU Risk / Return Rank: 26
IAU Sharpe Ratio Rank: 28
IAU Sortino Ratio Rank: 25
IAU Omega Ratio Rank: 30
IAU Calmar Ratio Rank: 24
IAU Martin Ratio Rank: 24

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.

SKX vs. IAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skechers U.S.A., Inc. (SKX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SKX	IAU	Difference
Sharpe ratio: Return per unit of total volatility	—	0.89	—
Sortino ratio: Return per unit of downside risk	—	1.25	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	0.99	—
Martin ratio: Return relative to average drawdown	—	2.83	—

Drawdowns

Drawdown Indicators

	SKX	IAU	Difference
Max Drawdown Largest peak-to-trough decline	—	-45.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-24.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.40%	—
Current Drawdown Current decline from peak	—	-22.03%	—
Average Drawdown Average peak-to-trough decline	—	-15.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.47%	—

Volatility

Volatility by Period

	SKX	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.17%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.02%	—

Dividends

SKX vs. IAU - Dividend Comparison

Neither SKX nor IAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SKX and IAU in my portfolio?

SKX and IAU have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.