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 that tracks the gold market with $6.31 billion in assets under management. Trading at a price of $40.39, the fund holds an overall rank of #236 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 60.6 out of 100. Investors in this vehicle face an expense ratio of 0.09% and receive a dividend yield of 0.00%, indicating a focus on capital appreciation rather than income generation. The substantial asset base suggests significant investor adoption within the 22 ETFs tracked in the Commodities category. Despite its high ranking relative to the broader market, the fund's position reflects a mid-tier performance profile among its peers. The combination of a low expense ratio and zero yield aligns with the typical structure of commodity-based exchange-traded funds. This profile positions IAUM as a cost-efficient exposure option for investors seeking commodity allocation without dividend income.

Recent performance data shows a sharp divergence between short-term gains and longer-term declines, with the fund posting a 1-day return of +0.10% and a 1-week return of +0.97%. The 1-month return of +1.66% contrasts with a 3-month decline of -13.68% and a 6-month drop of -17.59%, indicating a reversal from recent gains to significant losses. Year-to-date performance stands at -6.46%, reflecting the impact of the mid-term downturns on the current calendar year. However, the 1-year return of +19.50% and the 3-year return of +105.97% demonstrate strong historical growth despite the recent volatility. This pattern suggests a fund that has experienced a recent correction after a period of substantial long-term appreciation. The trajectory highlights a deceleration in returns over the last six months following a strong multi-year run.

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 0.52 indicates that the risk-adjusted returns have been moderate relative to the volatility experienced. The maximum drawdown of -26.31% reveals the extent of potential losses during adverse market conditions, highlighting the downside risk inherent in the asset class. This combination of high volatility and a moderate Sharpe ratio implies that investors must tolerate significant price swings to capture the fund's returns. The beta of 0.41 suggests the fund may be less sensitive to general market movements than the average equity, yet the high volatility label points to specific commodity-driven turbulence. The substantial maximum drawdown underscores the importance of risk management when holding this position during market downturns.

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

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 — 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