USTY.L vs. IAU
Compare and contrast key facts about SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and iShares Gold Trust (IAU).
USTY.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. USTY.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jun 3, 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 USTY.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: USTY.L or IAU.
Key characteristics
| USTY.L | IAU | |
|---|---|---|
| YTD Return | -0.98% | 26.85% |
| 1Y Return | -0.42% | 35.13% |
| 3Y Return (Ann) | -1.48% | 11.79% |
| 5Y Return (Ann) | -0.56% | 12.21% |
| Sharpe Ratio | 0.05 | 2.28 |
| Sortino Ratio | 0.12 | 3.03 |
| Omega Ratio | 1.01 | 1.40 |
| Calmar Ratio | 0.01 | 4.93 |
| Martin Ratio | 0.16 | 15.09 |
| Ulcer Index | 1.98% | 2.23% |
| Daily Std Dev | 6.52% | 14.72% |
| Max Drawdown | -23.03% | -45.14% |
| Current Drawdown | -19.75% | -5.96% |
Correlation
The correlation between USTY.L and IAU is 0.29, 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.
Performance
USTY.L vs. IAU - Performance Comparison
In the year-to-date period, USTY.L achieves a -0.98% return, which is significantly lower than IAU's 26.85% 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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USTY.L vs. IAU - Expense Ratio Comparison
USTY.L has a 0.15% expense ratio, which is lower than IAU's 0.25% 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%.
Risk-Adjusted Performance
USTY.L vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.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
USTY.L vs. IAU - Dividend Comparison
USTY.L's dividend yield for the trailing twelve months is around 1.84%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 1.84% | 2.81% | 1.56% | 1.31% | 2.49% | 2.78% | 1.22% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USTY.L vs. IAU - Drawdown Comparison
The maximum USTY.L drawdown since its inception was -23.03%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for USTY.L and IAU. For additional features, visit the drawdowns tool.
Volatility
USTY.L vs. IAU - Volatility Comparison
The current volatility for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) is 1.84%, while iShares Gold Trust (IAU) has a volatility of 5.38%. This indicates that USTY.L 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.