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ETFs

iShares Gold Trust Micro

IAUM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 15 2021
Expense Ratio
0.09%
Type
Global Commodities & Metals
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$3,753,810
AUM
$894,773,408
Associated Index
LBMA Gold Price
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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

What is IAUM?

The iShares Gold Trust Micro (the Trust) seeks to reflect generally the performance of the price of gold. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.

ETFs related toIAUM

ETFs correlated to IAUM include GLD, GLDM, IAU

IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF

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 toIAUM

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IAUM using Composer

FAQ

IAUM is a Global Commodities & Metals ETF. The iShares Gold Trust Micro (the Trust) seeks to reflect generally the performance of the price of gold. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.

IAUM tracks the LBMA Gold Price.

No, IAUM 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, IAUM 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 IAUM is -0.0008%. This is the percent change in the value of IAUM over the most recent 1-month period. The 3-month return on IAUM is -0.0044%. This is the percent change in the value of IAUM over the most recent 3-month period.

The standard deviation of IAUM for the past year is 0.142%. 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 IAUM include CPER, PPLT, and SIVR.

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

ETFs that are inversely correlated to IAUM 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.