VGPMX vs. IAU
Compare and contrast key facts about Vanguard Global Capital Cycles Fund (VGPMX) and iShares Gold Trust (IAU).
VGPMX is managed by Vanguard. It was launched on May 23, 1984. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGPMX or IAU.
Key characteristics
| VGPMX | IAU | |
|---|---|---|
| YTD Return | 9.23% | 14.19% |
| 1Y Return | 13.91% | 16.71% |
| 3Y Return (Ann) | 9.77% | 8.33% |
| 5Y Return (Ann) | 15.42% | 12.71% |
| 10Y Return (Ann) | 4.09% | 5.97% |
| Sharpe Ratio | 1.04 | 1.37 |
| Daily Std Dev | 13.77% | 12.34% |
| Max Drawdown | -79.32% | -45.14% |
| Current Drawdown | -39.97% | -1.35% |
Correlation
The correlation between VGPMX and IAU is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VGPMX vs. IAU - Performance Comparison
In the year-to-date period, VGPMX achieves a 9.23% return, which is significantly lower than IAU's 14.19% return. Over the past 10 years, VGPMX has underperformed IAU with an annualized return of 4.09%, while IAU has yielded a comparatively higher 5.97% annualized 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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VGPMX vs. IAU - Expense Ratio Comparison
VGPMX has a 0.36% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
VGPMX vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Capital Cycles Fund (VGPMX) 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
VGPMX vs. IAU - Dividend Comparison
VGPMX's dividend yield for the trailing twelve months is around 3.13%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGPMX Vanguard Global Capital Cycles Fund | 3.13% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.00% | 0.02% | 1.70% | 2.30% | 0.00% | 0.08% |
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
VGPMX vs. IAU - Drawdown Comparison
The maximum VGPMX drawdown since its inception was -79.32%, which is greater than IAU's maximum drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for VGPMX and IAU. For additional features, visit the drawdowns tool.
Volatility
VGPMX vs. IAU - Volatility Comparison
The current volatility for Vanguard Global Capital Cycles Fund (VGPMX) is 3.83%, while iShares Gold Trust (IAU) has a volatility of 4.37%. This indicates that VGPMX 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.