Goldman Sachs Physical Gold ETF Shares (AAAU) — Stock Correlations & Overview
Over the past year, AAAU has moved most closely with SGOL, IAU, GLDM. Explore the stocks most correlated and inversely correlated with AAAU below, along with its price, financials, and company profile.
Stocks correlated with AAAU
Correlation of daily returns. Higher positive values move with AAAU; negative values move opposite it. Informational only, not investment advice.
Most correlated with AAAU
| Symbol | Company | Correlation |
|---|---|---|
| SGOL | abrdn Physical Gold Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| IAU | iShares Gold TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| GLDM | SPDR Gold MiniSharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| OUNZ | VanEck Merk Gold ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| GLD | SPDR Gold Trust, SPDR Gold SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
Most inversely correlated with AAAU
| Symbol | Company | Correlation |
|---|---|---|
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -1.00 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.99 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.85 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.84 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.84 |
Frequently asked questions about AAAU correlations
- Which stocks are most correlated with AAAU?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Physical Gold ETF Shares (AAAU) are SGOL (1.00), IAU (1.00) and GLDM (1.00). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AAAU?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Physical Gold ETF Shares (AAAU) are GLL (-1.00), DULL (-0.99) and DUST (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AAAU correlations calculated?
- We compute the correlation of daily returns between AAAU and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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