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 $7.95 billion in assets under management. It holds a C grade (51.8/100) and ranks 15th out of 22 peers in its category, placing it at #357 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. It does not pay dividends, contrasting with the category median yield of 2.89%. Holdings breakdown data is not available for this fund.

IAUM’s price of $39.86 sits at 5.2% of its 52-week range, indicating it is near the lower end of its recent trading history. Short-term returns show weakness, with declines of 0.70% over one day and 4.04% over one week. The one-year return of -2.54% trails the category median of +9.06%, highlighting a divergence from peer performance. Conversely, the three-year return of +100.10% demonstrates stronger long-term growth. The ETFValuer grade has remained unchanged at C for the last 35 tracked days. Price history is available for only 3.0 years.

The fund exhibits high volatility at 28.21% annualized, accompanied by a beta of 0.44, suggesting it moves less than the broader market. A Sharpe ratio of -0.27 indicates that risk-adjusted returns have been negative over the measured period. The maximum drawdown of -26.31% reflects significant peak-to-trough declines in value. Liquidity is supported by an average daily volume of 2,879,926 shares. These metrics collectively describe a fund with substantial price swings and negative risk-adjusted performance.

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

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IAUM Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.95B 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