SPYG vs. IAUM
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - SPYG is a S&P 500 fund tracking the S&P 500 Growth Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 3 years, SPYG returned 25.85%/yr vs 29.28%/yr for IAUM. At a 0.10 correlation, their price movements are largely independent. SPYG charges 0.04%/yr vs 0.09%/yr for IAUM.
Performance
SPYG vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG achieves a 9.70% return, which is significantly higher than IAUM's -2.40% return.
SPYG
- 1D
- 0.41%
- 1M
- -1.24%
- YTD
- 9.70%
- 6M
- 10.60%
- 1Y
- 29.17%
- 3Y*
- 25.85%
- 5Y*
- 14.92%
- 10Y*
- 17.91%
IAUM
- 1D
- 0.10%
- 1M
- -7.37%
- YTD
- -2.40%
- 6M
- -2.08%
- 1Y
- 22.55%
- 3Y*
- 29.28%
- 5Y*
- —
- 10Y*
- —
SPYG vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 9.70% | 22.09% | 35.99% | 30.02% | -29.41% | 15.67% |
IAUM iShares Gold Trust Micro | -2.40% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between SPYG and IAUM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.10 |
The correlation between SPYG and IAUM shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYG vs. IAUM — Risk / Return Rank
SPYG
IAUM
SPYG vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) and iShares Gold Trust Micro (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.
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.
| SPYG | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.00 | +1.01 |
| Martin ratioReturn relative to average drawdown | 8.08 | 2.87 | +5.22 |
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Drawdowns
SPYG vs. IAUM - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.63%, which is greater than IAUM's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for SPYG and IAUM.
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Drawdown Indicators
| SPYG | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.63% | -24.37% | -43.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -24.37% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -24.37% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -21.99% | +17.34% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -5.38% | -18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 8.46% | -5.04% |
Volatility
SPYG vs. IAUM - Volatility Comparison
The current volatility for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is 6.33%, while iShares Gold Trust Micro (IAUM) has a volatility of 7.71%. This indicates that SPYG 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.
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Volatility by Period
| SPYG | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 7.71% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 23.82% | -10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 27.06% | -10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 18.05% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 18.05% | +2.65% |
SPYG vs. IAUM - Expense Ratio Comparison
SPYG has a 0.04% expense ratio, which is lower than IAUM's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYG vs. IAUM - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.48%, while IAUM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.48% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
SPYG and IAUM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (7.71%) compared to SPYG (6.33%). In terms of maximum drawdown, SPYG dropped -67.63% vs IAUM's -24.37%.
On 3-year performance, IAUM leads with 29.28% vs 25.85% for SPYG. On fees, SPYG is cheaper at 0.04% per year. On volatility, SPYG has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 29.28% return vs 25.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.09% for IAUM.
SPYG has the higher dividend yield at 0.48%, compared with 0.00% for IAUM.
SPYG is categorized as S&P 500, while IAUM is Gold. SPYG tracks S&P 500 Growth Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: State Street and iShares. Their fees differ too: 0.04% for SPYG and 0.09% for IAUM.
SPYG currently has the higher Sharpe Ratio (1.65 vs 0.90), 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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