SPGI vs. IAU
SPGI (S&P Global Inc.) is a stock, while IAU (iShares Gold Trust) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, SPGI returned 15.85%/yr vs 12.49%/yr for IAU. At a correlation of -0.01, they often move in opposite directions.
Performance
SPGI vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -18.47% return, which is significantly lower than IAU's 0.11% return. Over the past 10 years, SPGI has outperformed IAU with an annualized return of 15.85%, while IAU has yielded a comparatively lower 12.49% annualized return.
SPGI
- 1D
- 1.23%
- 1M
- 5.43%
- YTD
- -18.47%
- 6M
- -14.73%
- 1Y
- -14.73%
- 3Y*
- 3.21%
- 5Y*
- 2.40%
- 10Y*
- 15.85%
IAU
- 1D
- 2.61%
- 1M
- -4.97%
- YTD
- 0.11%
- 6M
- 0.22%
- 1Y
- 25.52%
- 3Y*
- 29.91%
- 5Y*
- 18.47%
- 10Y*
- 12.49%
SPGI vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -18.47% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
IAU iShares Gold Trust | 0.11% | 63.95% | 26.85% | 12.84% | -0.63% | -4.00% | 25.03% | 17.98% | -1.76% | 12.91% |
Correlation
The correlation between SPGI 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2005 | -0.01 |
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Return for Risk
SPGI vs. IAU — Risk / Return Rank
SPGI
IAU
SPGI vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.19 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.05 | -1.54 |
| Martin ratioReturn relative to average drawdown | -0.91 | 3.00 | -3.91 |
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Drawdowns
SPGI vs. IAU - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for SPGI and IAU.
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Drawdown Indicators
| SPGI | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -45.14% | -29.53% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -24.40% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -24.40% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -24.40% | -15.36% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -24.40% | -15.36% |
Current DrawdownCurrent decline from peak | -24.20% | -20.00% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -15.97% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 8.56% | +7.58% |
Volatility
SPGI vs. IAU - Volatility Comparison
The current volatility for S&P Global Inc. (SPGI) is 7.64%, while iShares Gold Trust (IAU) has a volatility of 8.29%. This indicates that SPGI experiences smaller price fluctuations and is considered to be less risky 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
| SPGI | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 8.29% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 24.06% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.66% | 27.29% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 18.20% | +6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.05% | 16.04% | +10.01% |
Dividends
SPGI vs. IAU - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.91%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGI S&P Global Inc. | 0.91% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Frequently Asked Questions
SPGI 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.
IAU has higher volatility (8.29%) compared to SPGI (7.64%). In terms of maximum drawdown, SPGI dropped -74.67% vs IAU's -45.14%.
IAU currently has the higher Sharpe Ratio (0.94 vs -0.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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