SKYT vs. IAU
Compare and contrast key facts about SkyWater Technology, Inc. (SKYT) and iShares Gold Trust (IAU).
IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYT or IAU.
Correlation
The correlation between SKYT and IAU is 0.10, 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.
Performance
SKYT vs. IAU - Performance Comparison
Key characteristics
SKYT:
0.05
IAU:
2.99
SKYT:
0.85
IAU:
3.77
SKYT:
1.11
IAU:
1.51
SKYT:
0.06
IAU:
5.61
SKYT:
0.16
IAU:
15.38
SKYT:
28.37%
IAU:
2.97%
SKYT:
98.98%
IAU:
15.27%
SKYT:
-86.72%
IAU:
-45.14%
SKYT:
-69.75%
IAU:
0.00%
Returns By Period
In the year-to-date period, SKYT achieves a -24.71% return, which is significantly lower than IAU's 11.98% return.
SKYT
-24.71%
-11.65%
8.12%
5.48%
N/A
N/A
IAU
11.98%
7.13%
18.26%
44.75%
12.07%
9.10%
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Risk-Adjusted Performance
SKYT vs. IAU — Risk-Adjusted Performance Rank
SKYT
IAU
SKYT vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) 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.
Dividends
SKYT vs. IAU - Dividend Comparison
Neither SKYT nor IAU has paid dividends to shareholders.
Drawdowns
SKYT vs. IAU - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for SKYT and IAU. For additional features, visit the drawdowns tool.
Volatility
SKYT vs. IAU - Volatility Comparison
SkyWater Technology, Inc. (SKYT) has a higher volatility of 17.60% compared to iShares Gold Trust (IAU) at 3.70%. This indicates that SKYT'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.