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ETFs

iShares Gold Trust

IAU
$--
Today’s Change
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Snapshot
*

Inception Date
Jan 21 2005
Expense Ratio
0.25%
Type
Global Commodities & Metals
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$181,303,649
AUM
$27,712,534,833
Associated Index
LBMA Gold Price
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Gold Bullion (LBMA Gold Price)
100.00%
Invest with IAU

What is IAU?

The iShares Gold Trust (Trust) seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value to reflect at any given time the price of gold owned by the Trust at that time less the expenses and liabilities of the Trust.

ETFs related toIAU

ETFs correlated to IAU include GLD, GLDM, UGL

IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
DBP
Invesco DB Multi-Sector Commodity Trust - Invesco DB Precious Metals Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIAU

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with IAU using Composer

FAQ

IAU is a Global Commodities & Metals ETF. The iShares Gold Trust (Trust) seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value to reflect at any given time the price of gold owned by the Trust at that time less the expenses and liabilities of the Trust.

IAU tracks the LBMA Gold Price.

No, IAU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IAU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IAU is 0.0756%. This is the percent change in the value of IAU over the most recent 1-month period. The 3-month return on IAU is 0.1035%. This is the percent change in the value of IAU over the most recent 3-month period.

The standard deviation of IAU for the past year is 0.1543%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IAU include PALL, SLV, and PPLT.

ETFs correlated to IAU include GLD, GLDM, and UGL.

ETFs that are inversely correlated to IAU include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.