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USAGX vs. IAU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USAGX and IAU is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

USAGX vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Precious Metals and Minerals Fund (USAGX) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
3.88%
14.21%
USAGX
IAU

Key characteristics

Sharpe Ratio

USAGX:

1.39

IAU:

2.34

Sortino Ratio

USAGX:

1.90

IAU:

3.04

Omega Ratio

USAGX:

1.24

IAU:

1.40

Calmar Ratio

USAGX:

0.57

IAU:

4.33

Martin Ratio

USAGX:

4.55

IAU:

11.76

Ulcer Index

USAGX:

8.37%

IAU:

3.00%

Daily Std Dev

USAGX:

27.49%

IAU:

15.08%

Max Drawdown

USAGX:

-83.30%

IAU:

-45.14%

Current Drawdown

USAGX:

-50.67%

IAU:

-1.71%

Returns By Period

In the year-to-date period, USAGX achieves a 10.94% return, which is significantly higher than IAU's 4.52% return. Over the past 10 years, USAGX has underperformed IAU with an annualized return of 5.44%, while IAU has yielded a comparatively higher 7.55% annualized return.


USAGX

YTD

10.94%

1M

9.60%

6M

3.78%

1Y

38.25%

5Y*

5.87%

10Y*

5.44%

IAU

YTD

4.52%

1M

4.55%

6M

13.76%

1Y

35.33%

5Y*

11.66%

10Y*

7.55%

*Annualized

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USAGX vs. IAU - Expense Ratio Comparison

USAGX has a 1.12% expense ratio, which is higher than IAU's 0.25% expense ratio.


Expense ratio chart for USAGX: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%
Expense ratio chart for IAU: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

USAGX vs. IAU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USAGX
The Risk-Adjusted Performance Rank of USAGX is 5555
Overall Rank
The Sharpe Ratio Rank of USAGX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of USAGX is 6363
Sortino Ratio Rank
The Omega Ratio Rank of USAGX is 5858
Omega Ratio Rank
The Calmar Ratio Rank of USAGX is 3939
Calmar Ratio Rank
The Martin Ratio Rank of USAGX is 5252
Martin Ratio Rank

IAU
The Risk-Adjusted Performance Rank of IAU is 8585
Overall Rank
The Sharpe Ratio Rank of IAU is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of IAU is 8383
Sortino Ratio Rank
The Omega Ratio Rank of IAU is 8282
Omega Ratio Rank
The Calmar Ratio Rank of IAU is 9292
Calmar Ratio Rank
The Martin Ratio Rank of IAU is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

USAGX vs. IAU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Precious Metals and Minerals Fund (USAGX) 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.


The chart of Sharpe ratio for USAGX, currently valued at 1.39, compared to the broader market-1.000.001.002.003.004.001.392.34
The chart of Sortino ratio for USAGX, currently valued at 1.90, compared to the broader market0.005.0010.001.903.04
The chart of Omega ratio for USAGX, currently valued at 1.24, compared to the broader market1.002.003.004.001.241.40
The chart of Calmar ratio for USAGX, currently valued at 0.57, compared to the broader market0.005.0010.0015.0020.000.574.33
The chart of Martin ratio for USAGX, currently valued at 4.55, compared to the broader market0.0020.0040.0060.0080.004.5511.76
USAGX
IAU

The current USAGX Sharpe Ratio is 1.39, which is lower than the IAU Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of USAGX and IAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00AugustSeptemberOctoberNovemberDecember2025
1.39
2.34
USAGX
IAU

Dividends

USAGX vs. IAU - Dividend Comparison

Neither USAGX nor IAU has paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
USAGX
USAA Precious Metals and Minerals Fund
0.00%0.00%2.45%0.95%0.84%0.04%0.00%0.00%0.00%4.20%0.00%2.73%
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%

Drawdowns

USAGX vs. IAU - Drawdown Comparison

The maximum USAGX drawdown since its inception was -83.30%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for USAGX and IAU. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-50.67%
-1.71%
USAGX
IAU

Volatility

USAGX vs. IAU - Volatility Comparison

USAA Precious Metals and Minerals Fund (USAGX) has a higher volatility of 7.30% compared to iShares Gold Trust (IAU) at 3.96%. This indicates that USAGX'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.


2.00%4.00%6.00%8.00%10.00%AugustSeptemberOctoberNovemberDecember2025
7.30%
3.96%
USAGX
IAU