Skip to Content
ETFs

Goldman Sachs Physical Gold ETF Shares

AAAU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 26 2018
Expense Ratio
0.18%
Type
Global Commodities & Metals
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
$20,524,599
AUM
$545,601,290
Associated Index
Gold - London PM Gold Price
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLD OZ.
100.00%
Invest with AAAU

What is AAAU?

The Trust s primary objective is to provide investors with an opportunity to invest in gold through the shares, and have the gold securely stored by Gold Corporation (the Custodial Sponsor). An additional objective of the Trust is for the shares to reflect the performance of the price of gold less the expenses of the Trust s operations. The Trust is not actively managed. Gold Corporation (the Custodial Sponsor) and Exchange Traded Concepts, LLC (the Administrative Sponsor and, together with Custodial Sponsor, the Sponsors) are the Trusts sponsors. Gold Corporation also serves as the custodian of the Trust s gold bullion, and The Bank of New York Mellon (BNYM) is the trustee of the Trust.

ETFs related toAAAU

ETFs correlated to AAAU include UGL, IAUM, GLD

AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAAAU

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AAAU using Composer

FAQ

AAAU is a Global Commodities & Metals ETF. The Trust s primary objective is to provide investors with an opportunity to invest in gold through the shares, and have the gold securely stored by Gold Corporation (the Custodial Sponsor). An additional objective of the Trust is for the shares to reflect the performance of the price of gold less the expenses of the Trust s operations. The Trust is not actively managed. Gold Corporation (the Custodial Sponsor) and Exchange Traded Concepts, LLC (the Administrative Sponsor and, together with Custodial Sponsor, the Sponsors) are the Trusts sponsors. Gold Corporation also serves as the custodian of the Trust s gold bullion, and The Bank of New York Mellon (BNYM) is the trustee of the Trust.

AAAU tracks the Gold - London PM Gold Price.

No, AAAU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, AAAU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AAAU is -0.0009%. This is the percent change in the value of AAAU over the most recent 1-month period. The 3-month return on AAAU is -0.0043%. This is the percent change in the value of AAAU over the most recent 3-month period.

The standard deviation of AAAU for the past year is 0.1417%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AAAU include CPER, PPLT, and SIVR.

ETFs correlated to AAAU include UGL, IAUM, and GLD.

ETFs that are inversely correlated to AAAU include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.