VOOL.DE vs. IAU
VOOL.DE (Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc) and IAU (iShares Gold Trust) are both exchange-traded funds - VOOL.DE is a Volatility fund tracking the S&P 500 VIX Futures Roll Enhanced TR, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, VOOL.DE returned -26.18%/yr vs 12.81%/yr for IAU. At a 0.05 correlation, their price movements are largely independent. VOOL.DE charges 0.60%/yr vs 0.25%/yr for IAU.
Performance
VOOL.DE vs. IAU - Performance Comparison
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Different Trading Currencies
VOOL.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VOOL.DE achieves a 2.95% return, which is significantly higher than IAU's 2.02% return. Over the past 10 years, VOOL.DE has underperformed IAU with an annualized return of -26.18%, while IAU has yielded a comparatively higher 12.81% annualized return.
VOOL.DE
- 1D
- -0.59%
- 1M
- -1.68%
- YTD
- 2.95%
- 6M
- -3.26%
- 1Y
- -17.45%
- 3Y*
- -28.39%
- 5Y*
- -26.95%
- 10Y*
- -26.18%
IAU
- 1D
- -2.86%
- 1M
- -6.20%
- YTD
- 2.02%
- 6M
- 3.70%
- 1Y
- 27.48%
- 3Y*
- 26.55%
- 5Y*
- 18.93%
- 10Y*
- 12.81%
VOOL.DE vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOOL.DE Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc | 2.95% | -25.96% | -26.51% | -52.19% | -7.88% | -38.71% | 42.44% | -35.38% | 30.69% | -63.80% |
IAU iShares Gold Trust | 2.02% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.85% | -0.97% |
Correlation
The correlation between VOOL.DE and IAU is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2012 | 0.05 |
The correlation between VOOL.DE and IAU shifts across timeframes, from -0.14 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VOOL.DE vs. IAU — Risk / Return Rank
VOOL.DE
IAU
VOOL.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) 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.
| VOOL.DE | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.23 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 1.54 | -2.24 |
| Martin ratioReturn relative to average drawdown | -1.14 | 3.81 | -4.95 |
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
| VOOL.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 1.10 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | 1.14 | -1.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | 0.86 | -1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.65 | -1.30 |
Drawdowns
VOOL.DE vs. IAU - Drawdown Comparison
The maximum VOOL.DE drawdown since its inception was -98.72%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for VOOL.DE and IAU.
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Drawdown Indicators
| VOOL.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.72% | -37.42% | -61.30% |
Max Drawdown (1Y)Largest decline over 1 year | -25.83% | -17.90% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -64.28% | -17.90% | -46.38% |
Max Drawdown (5Y)Largest decline over 5 years | -82.72% | -17.90% | -64.82% |
Max Drawdown (10Y)Largest decline over 10 years | -96.48% | -18.61% | -77.87% |
Current DrawdownCurrent decline from peak | -98.63% | -17.90% | -80.73% |
Average DrawdownAverage peak-to-trough decline | -83.36% | -12.02% | -71.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.81% | 7.24% | +8.57% |
Volatility
VOOL.DE vs. IAU - Volatility Comparison
The current volatility for Amundi S&P 500 VIX Futures Enhanced Roll UCITS ETF Acc (VOOL.DE) is 3.79%, while iShares Gold Trust (IAU) has a volatility of 4.62%. This indicates that VOOL.DE 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.
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Volatility by Period
| VOOL.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 4.62% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 20.77% | 21.86% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.21% | 25.16% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.93% | 16.68% | +23.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.00% | 14.89% | +29.11% |
VOOL.DE vs. IAU - Expense Ratio Comparison
VOOL.DE has a 0.60% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
VOOL.DE vs. IAU - Dividend Comparison
Neither VOOL.DE nor IAU has paid dividends to shareholders.
Frequently Asked Questions
VOOL.DE and IAU have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.60% for VOOL.DE.
VOOL.DE is categorized as Volatility, while IAU is Gold. VOOL.DE tracks S&P 500 VIX Futures Roll Enhanced TR, while IAU tracks LBMA Gold Price. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.60% for VOOL.DE and 0.25% for IAU.
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