VFLO vs. IAUM

Last updated Jun 9, 2026

VFLO (Victoryshares Free Cash Flow ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - VFLO is a Large Cap Value Equities fund tracking the Victory U.S. Large Cap Free Cash Flow Index, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past year, VFLO returned 35.01% vs 30.56% for IAUM. At a 0.14 correlation, their price movements are largely independent. VFLO charges 0.39%/yr vs 0.09%/yr for IAUM.

Performance

VFLO vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Free Cash Flow ETF (VFLO) and iShares Gold Trust Micro (IAUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFLO achieves a 17.47% return, which is significantly higher than IAUM's 0.28% return.

VFLO

• 1D: 0.22%
• 1M: 5.80%
• YTD: 17.47%
• 6M: 18.46%
• 1Y: 35.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUM

• 1D: 0.21%
• 1M: -8.41%
• YTD: 0.28%
• 6M: 3.16%
• 1Y: 30.56%
• 3Y*: 30.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFLO vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VFLO Victoryshares Free Cash Flow ETF	17.47%	17.51%	21.83%	14.59%
IAUM iShares Gold Trust Micro	0.28%	64.27%	27.04%	7.74%

Correlation

The correlation between VFLO and IAUM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023	0.14

VFLO vs. IAUM - Sectors Allocation Comparison

Sectors	VFLO	IAUM
Technology	38.4%	-
Healthcare	17.9%	-
Consumer Cyclical	17.2%	-
Energy	12.2%	-
Communication Services	4.7%	-
Basic Materials	4.3%	-
Industrials	3.4%	-
Utilities	1.7%	-
Financial Services	0.0%	-
Consumer Defensive	0.0%	-
Real Estate	0.0%	100.0%

Return for Risk

VFLO vs. IAUM — Risk / Return Rank

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

VFLO

VFLO Risk / Return Rank: 85
VFLO Sharpe Ratio Rank: 79
VFLO Sortino Ratio Rank: 82
VFLO Omega Ratio Rank: 76
VFLO Calmar Ratio Rank: 95
VFLO Martin Ratio Rank: 92

IAUM

IAUM Risk / Return Rank: 34
IAUM Sharpe Ratio Rank: 35
IAUM Sortino Ratio Rank: 31
IAUM Omega Ratio Rank: 39
IAUM Calmar Ratio Rank: 34
IAUM Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VFLO vs. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Free Cash Flow ETF (VFLO) 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.

	VFLO	IAUM	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.16	+1.14
Sortino ratio: Return per unit of downside risk	3.29	1.54	+1.75
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.17
Calmar ratio: Return relative to maximum drawdown	7.06	1.53	+5.53
Martin ratio: Return relative to average drawdown	20.90	3.84	+17.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFLO vs. IAUM - Sharpe Ratio Comparison

The current VFLO Sharpe Ratio is 2.30, which is higher than the IAUM Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of VFLO and IAUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VFLO	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.16	+1.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	1.11	+0.45

Drawdowns

VFLO vs. IAUM - Drawdown Comparison

The maximum VFLO drawdown since its inception was -17.79%, smaller than the maximum IAUM drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for VFLO and IAUM.

Drawdown Indicators

	VFLO	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	-20.87%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-4.98%	-20.02%	+15.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.02%	—
Current Drawdown Current decline from peak	-4.21%	-19.85%	+15.64%
Average Drawdown Average peak-to-trough decline	-2.42%	-5.33%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	7.98%	-6.30%

Volatility

VFLO vs. IAUM - Volatility Comparison

Victoryshares Free Cash Flow ETF (VFLO) has a higher volatility of 6.90% compared to iShares Gold Trust Micro (IAUM) at 5.64%. This indicates that VFLO's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFLO	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	5.64%	+1.26%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	23.20%	-11.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	26.57%	-11.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	17.92%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	17.92%	-1.92%

VFLO vs. IAUM - Expense Ratio Comparison

VFLO has a 0.39% expense ratio, which is higher than IAUM's 0.09% expense ratio.

Dividends

VFLO vs. IAUM - Dividend Comparison

VFLO's dividend yield for the trailing twelve months is around 1.21%, while IAUM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%
VFLO Victoryshares Free Cash Flow ETF	1.21%	1.60%	1.20%	0.71%

Frequently Asked Questions

Can I hold both VFLO and IAUM in my portfolio?

VFLO and IAUM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFLO or IAUM?

VFLO has higher volatility (6.90%) compared to IAUM (5.64%). In terms of maximum drawdown, VFLO dropped -17.79% vs IAUM's -20.87%.

Which ETF is better, VFLO or IAUM?

On 1-year performance, VFLO leads with 35.01% vs 30.56% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFLO or IAUM?

Over the 1-year period, VFLO has performed better with a 35.01% return vs 30.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFLO or IAUM?

IAUM is cheaper with a 0.09% expense ratio, compared with 0.39% for VFLO.

Which ETF pays a higher dividend yield, VFLO or IAUM?

VFLO has the higher dividend yield at 1.21%, compared with 0.00% for IAUM.

What is the main difference between VFLO and IAUM?

VFLO is categorized as Large Cap Value Equities, while IAUM is Gold. VFLO tracks Victory U.S. Large Cap Free Cash Flow Index, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Victory and iShares. Their fees differ too: 0.39% for VFLO and 0.09% for IAUM.

Which has better risk-adjusted returns?

VFLO currently has the higher Sharpe Ratio (2.30 vs 1.16), 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.