TPSA.AS vs. AAAU
Compare and contrast key facts about iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Goldman Sachs Physical Gold ETF (AAAU).
TPSA.AS and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPSA.AS is a passively managed fund by iShares that tracks the performance of the Bloomberg Gbl Infl Linked US TIPS TR USD. It was launched on Dec 8, 2006. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both TPSA.AS and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TPSA.AS vs. AAAU - Performance Comparison
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TPSA.AS vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc) | 1.61% | -5.59% | 8.47% | 0.33% | -7.67% | 15.08% | 1.51% | 11.11% | -2.72% |
AAAU Goldman Sachs Physical Gold ETF | 12.18% | 44.59% | 35.29% | 9.58% | 5.67% | 3.17% | 14.71% | 20.84% | 8.07% |
Different Trading Currencies
TPSA.AS is traded in EUR, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TPSA.AS achieves a 1.61% return, which is significantly lower than AAAU's 12.18% return.
TPSA.AS
- 1D
- -0.63%
- 1M
- -0.31%
- YTD
- 1.61%
- 6M
- 1.43%
- 1Y
- -4.52%
- 3Y*
- 0.99%
- 5Y*
- 1.57%
- 10Y*
- 2.33%
AAAU
- 1D
- 1.67%
- 1M
- -9.70%
- YTD
- 12.18%
- 6M
- 24.84%
- 1Y
- 42.32%
- 3Y*
- 31.11%
- 5Y*
- 22.71%
- 10Y*
- —
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TPSA.AS vs. AAAU - Expense Ratio Comparison
TPSA.AS has a 0.12% expense ratio, which is lower than AAAU's 0.18% 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%.
Return for Risk
TPSA.AS vs. AAAU — Risk / Return Rank
TPSA.AS
AAAU
TPSA.AS vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| TPSA.AS | AAAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 1.67 | -2.21 |
Sortino ratioReturn per unit of downside risk | -0.65 | 2.12 | -2.77 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.32 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.48 | -2.85 |
Martin ratioReturn relative to average drawdown | -0.56 | 8.60 | -9.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TPSA.AS | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 1.67 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.39 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.25 | -0.79 |
Correlation
The correlation between TPSA.AS and AAAU is 0.21, 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.
Dividends
TPSA.AS vs. AAAU - Dividend Comparison
Neither TPSA.AS nor AAAU has paid dividends to shareholders.
Drawdowns
TPSA.AS vs. AAAU - Drawdown Comparison
The maximum TPSA.AS drawdown since its inception was -19.92%, which is greater than AAAU's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and AAAU.
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Drawdown Indicators
| TPSA.AS | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -21.63% | +1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -19.13% | +11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -20.94% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -8.90% | -11.65% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -6.01% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 5.21% | +0.58% |
Volatility
TPSA.AS vs. AAAU - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) is 2.18%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 10.53%. This indicates that TPSA.AS experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPSA.AS | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 10.53% | -8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 23.05% | -18.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 25.48% | -17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.41% | 16.36% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.19% | 15.78% | -7.59% |