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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