SPGP.L vs. IAU
Compare and contrast key facts about iShares Gold Producers UCITS ETF (SPGP.L) and iShares Gold Trust (IAU).
SPGP.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. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both SPGP.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPGP.L or IAU.
Key characteristics
| SPGP.L | IAU | |
|---|---|---|
| YTD Return | 15.50% | 24.16% |
| 1Y Return | 25.72% | 30.69% |
| 3Y Return (Ann) | 3.09% | 11.01% |
| 5Y Return (Ann) | 6.83% | 11.67% |
| 10Y Return (Ann) | 10.19% | 7.82% |
| Sharpe Ratio | 0.84 | 2.06 |
| Sortino Ratio | 1.32 | 2.76 |
| Omega Ratio | 1.16 | 1.36 |
| Calmar Ratio | 0.52 | 3.81 |
| Martin Ratio | 3.28 | 12.77 |
| Ulcer Index | 7.07% | 2.38% |
| Daily Std Dev | 27.41% | 14.74% |
| Max Drawdown | -79.54% | -45.14% |
| Current Drawdown | -24.08% | -7.96% |
Correlation
The correlation between SPGP.L and IAU is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPGP.L vs. IAU - Performance Comparison
In the year-to-date period, SPGP.L achieves a 15.50% return, which is significantly lower than IAU's 24.16% return. Over the past 10 years, SPGP.L has outperformed IAU with an annualized return of 10.19%, while IAU has yielded a comparatively lower 7.82% annualized return. 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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SPGP.L vs. IAU - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
SPGP.L vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.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.
Dividends
SPGP.L vs. IAU - Dividend Comparison
Neither SPGP.L nor IAU has paid dividends to shareholders.
Drawdowns
SPGP.L vs. IAU - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for SPGP.L and IAU. For additional features, visit the drawdowns tool.
Volatility
SPGP.L vs. IAU - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 8.63% compared to iShares Gold Trust (IAU) at 5.45%. This indicates that SPGP.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.