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 is a commodities fund issued by iShares with $8.14 billion in assets under management. It holds a C grade and ranks 12th out of 22 peers in its category, placing it at #216 overall among all tracked ETFs. The fund’s 0.09% expense ratio is significantly lower than the category median of 0.595%, offering a cost advantage to investors. It provides no dividend income, matching the 0.00% yield seen across the rest of the commodities sector.

Price action shows the fund trading at 38.4% of its 52-week range, reflecting a recent downgrade from a B to a C grade on September 2, 2026. While the three-year return stands at +127.96%, the one-year performance of +21.20% lags behind the category median of +30.08%. Short-term momentum has turned negative, with declines of -1.70% over one day and -2.12% over one week. This recent pullback contrasts with the positive trends seen over the past month and three months.

The fund exhibits high volatility at 28.88% annualized, accompanied by a low beta of 0.45 relative to the broader market. A maximum drawdown of -26.31% indicates significant historical price contraction during downturns. Despite the elevated volatility, the Sharpe ratio of 0.56 suggests moderate risk-adjusted returns. Liquidity is supported by an average daily volume of 2,602,322 shares, though specific bid-ask spread data is not available.

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

Market Backdrop

10-Year Treasury Yield: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — 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 — and average daily volume is 2.6M/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 $8.14B 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