Deep Dive
The SPDR That Eats Itself
iShares Gold Trust Micro
$41.49−0.04 (−0.11%)
- 0.09%
- $8.0B
- +3.8%
- 2.6M sh
- $41.56
- low $39.02high $55.27
The ETF.net IAUM Grade
A
Score 77 out of 100
- 2 of 10
Score 77 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A91 out of 100Rank 1 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 2 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C47 out of 100Rank 6 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 5 of 10
Our read on IAUM
ABullion in a vault, at 0.09% a year, roughly half the typical fee among physical gold funds. This is iShares' small-fee take on owning metal, priced off the LBMA Gold Price benchmark.
The Trust seeks to reflect the performance of gold, before its expenses and liabilities, by holding physical gold.
Why people hold it
- Fee is 0.09% a year against a 0.17% median for physical gold peers, a hair under GLDM (0.10%) and well under SGOL (0.17%) and AAAU (0.18%).
- Plain plumbing: a grantor trust that holds physical gold and seeks to reflect gold's performance, before expenses and liabilities, against the LBMA Gold Price.ishares.com
- A multi-billion-dollar fund that trades actively, and it tracks its gold benchmark about as closely as anything in the physical gold group.
Worth knowing
- No income here. The trust has made no distributions, so return is gold's price move minus the fee, nothing else.
- Gold swings hard on sentiment and rates, and there is no yield to cushion a drawdown.
- Launched in 2021, it is younger than the bullion trusts that anchor this category and not the deepest-traded name among them.
IAUM Holdings
- Other
- 1
- 100%
- Physical Gold
IAUM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
IAUM$10,382
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IAUM |
|---|---|
| Year to date | −3.4% |
| 1 month | −4.1% |
| 3 months | +1.5% |
| 1 year | +3.8% |
| 3 years | +30.6% |
| 5 years | +18.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IAUM |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +64.3% | |
| 2024 | +27.0% | |
| 2023 | +13.1% | |
| 2022 | −0.5% | |
| 2021 | +3.1% |
IAUM in the news
IAUM Dividends
No distributions in the last 12 months.
IAUM Risk
- 19.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IAUM Cost
0.09%
IAUM0.09%
- The middle half of Physical Gold funds
- Median 0.17%
No Physical Gold fund charges less.
Other funds in Physical Gold
- AGLDMSPDR Gold MiniShares TrustExpense ratio 0.10%1 year return +3.8%
- BFGDLFranklin Responsibly Sourced Gold ETFExpense ratio 0.15%1 year return +3.4%
- BSGOLabrdn Physical Gold Shares ETFExpense ratio 0.17%1 year return +3.8%
- BAAAUGoldman Sachs Physical Gold ETFExpense ratio 0.18%1 year return +3.7%
- BBARGraniteShares Gold TrustExpense ratio 0.17%1 year return +3.8%