IAUM — iShares Gold Trust Micro

IAUM Price Performance — Growth of $10,000

Value of a $10,000 investment in IAUM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IAUM Drawdown

The "underwater" chart: IAUM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Gold Trust Micro (IAUM) is a Commodities fund issued by iShares with $6.31 billion in assets under management. It currently holds an overall rank of #203 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 62.4 out of 100. The fund charges an expense ratio of 0.09% and offers a dividend yield of 0.00%. Trading at a price of $40.32, the fund's significant asset size suggests substantial investor adoption within the 22 ETFs tracked in the Commodities category. This positioning places it as a mid-tier option among its peers based on the current ranking data. The combination of a low expense ratio and high asset base indicates a cost-effective vehicle for exposure to the commodity sector. Despite the strong asset base, the C grade reflects specific performance and risk metrics that differentiate it from top-ranked funds.

IAUM has demonstrated a divergent return pattern across various time horizons, starting with a +0.47% gain over the last day and a -2.06% decline over the past week. The one-month return of +0.77% contrasts sharply with a -11.97% drop over the three-month period, indicating recent volatility. This downward pressure continued into the six-month timeframe with a -21.89% loss, while the year-to-date return stands at -6.62%. However, the fund has shown significant recovery and growth over longer periods, posting a +21.89% return over the last year. This positive momentum accelerated further over the three-year horizon, resulting in a total return of +108.70%. The data illustrates a clear separation between short-term declines and substantial long-term appreciation.

The fund carries a High volatility label and a beta of 0.41, suggesting it experiences significant price fluctuations while moving less than the broader market. A Sharpe ratio of 0.61 indicates the return generated per unit of risk taken is moderate relative to the volatility observed. The maximum drawdown of -26.31% highlights the potential for substantial temporary losses during market downturns. This combination of high volatility and a moderate Sharpe ratio implies that while the fund offers exposure to commodity price movements, it requires investors to withstand significant price swings. The beta of 0.41 suggests that during broad market rallies, the fund may lag behind, yet its high volatility label points to intense internal price movement regardless of market direction. Investors should be prepared for the -26.31% drawdown scenario as part of the fund's historical behavior.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IAUM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.35% and average daily volume is 2.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $6.31B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IAUM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IAUM Performance History

How IAUM Compares to Other Commodities ETFs