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IAU vs GLD comparison

IAU vs GLD performance comment

Market Performance Metrics overview

Metric Market Ticker IAU Market Ticker GLD
High 39.18 191.89
Low 37.88 185.45
Close 38.08 186.40
Start Price 38.94 190.72
Gain % -2.21% -2.27%
Annualized Gain % -33.59% -34.45%
Annualized Volatility % 10.25% 10.29%
Max Drawdown % -2.54% -2.56%
Sharpe Ratio -3.61 -3.69

Overall, both market tickers IAU and GLD experienced a decrease in gain % of approximately -2.21% and -2.27% respectively over the 60-day period. The annualized gain % for both market tickers also demonstrated a negative trend, with IAU at -33.59% and GLD at -34.45%. The annualized volatility % for both market tickers was relatively similar, with IAU at 10.25% and GLD at 10.29%, indicating a comparable level of risk. Additionally, the max drawdown % for both market tickers was approximately -2.54% and -2.56% respectively, suggesting similar levels of potential losses.

Market Commentary

The 60-day market comparison between IAU and GLD shows a decrease in gain % for both market tickers, with GLD experiencing a slightly larger decline compared to IAU. The annualized gain % also indicates negative growth for both market tickers, with GLD showing a slightly higher annualized loss compared to IAU. The annualized volatility % reflects a similar level of risk for both market tickers, with IAU and GLD displaying comparable volatility.

The max drawdown % for both market tickers suggests a similar potential for losses, with both IAU and GLD demonstrating a slight decrease in drawdown. The Sharpe Ratio was negative for both market tickers, indicating that the risk-adjusted return was lower than the risk-free rate of return. This comparison highlights the challenging market conditions during the specified period, with both IAU and GLD experiencing a decline in performance.

Overall, investors should carefully monitor the market conditions and consider the potential risks associated with both IAU and GLD, especially considering the negative trend in gain % and annualized gain %. However, the comparable annualized volatility % and max drawdown % suggest similar levels of risk for both market tickers.

IAU YTD Return (Daily)

Comment on YTD Total Returns Results of IAU

Performance Analysis

The year-to-date (YTD) open for IAU was 39.09, with the YTD high reaching 39.18 and the YTD low dropping to 37.88. The YTD close stands at 38.08, resulting in a YTD gain of -2.21%. The YTD annualized gain is -33.59%, with an annualized volatility of 10.26%. The YTD max drawdown is -2.54%, and the YTD Sharpe ratio is -3.61.

Historical Performance

The last year annualized gain was 11.90%, with an annualized volatility of 13.42%, and a max drawdown of -11.30%. The average annualized volatility for all years (excluding the last) is 17.71%, while the average Sharpe ratio for all years (excluding the last) is 0.54. The historical annualized gain (excluding the current year) is 9.61%, and the max drawdown in the data (excluding the current year) stands at -45.14%.

Current Market Condition

The current last close price of IAU is 38.08, and the MA 200 is at 37.22, MA 50 is at 38.25, and MA 5 is at 38.27. The current average annualized volatility is 9.78%, while the average annualized volatility a month ago was 16.73%. The current last 5 days gain is 0.05%, indicating recent positive movement.

Market Commentary

The current price of 38.08 is above both the MA 200 and MA 50, and closer to the MA 5. This could indicate a short-term positive trend, as the current price is above the longer-term moving averages, with potential for continued upward movement. However, the lower average volatility compared to a month ago may suggest a recent period of relative stability in the market. Overall, the YTD performance shows a decrease in value, with a negative YTD gain and a negative YTD Sharpe ratio. The historical analysis indicates a high level of volatility, as evidenced by the significant max drawdown percentages. However, recent performance suggests a potential uptick in the market, as the current price is above the longer-term moving averages.

IAU Annual Dividends

No dividends.

Published: 2024-01-25

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