# Goldman Sachs Physical Gold ETF (AAAU)

> Source: Nexqual · https://nexqual.com/AAAU · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Goldman Sachs Physical Gold ETF (AAAU), nexqual.com/AAAU" · informational, not investment advice.

**Price:** USD 39.4 (-0.68% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 39.67 · day 39.17–39.7 · 52w 38.64–54.71 · market cap null · BTS

## Key facts
- Total return with dividends: 1Y -2.8% vs S&P 500 +13.4%; 5Y +122.2% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | -$17.8M | -$10.9M | $56.4M | $162M | $783M | $336M |
| Cash + short-term investments | $0K | $0K | $0K | $0K | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -2.8% | +122.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -2.8% | +17.3% |
| Volatility (annualized) | 28.5% | 16.9% |
| Max drawdown | -26.3% (Jan 2026→Jul 2026) | -24.1% (Feb 2026→Oct 2026) |

## Peers
BAR (GraniteShares Gold Trust Shares) USD 39.38 -0.53% · OUNZ (VanEck Merk Gold ETF) USD 38.42 -0.67% · SGOL (abrdn Physical Gold Shares ETF) USD 38.07 -0.68% · IAUM (iShares Gold Trust Micro Shares) USD 39.86 -0.70% · GLDM (SPDR Gold MiniShares Trust) USD 79.13 -0.67%

## More
Full page: https://nexqual.com/AAAU · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 24.0% | ±5.5% |
| 2026-12-18 | 56 | 22.7% | ±7.4% |
| 2027-03-19 | 147 | 21.6% | ±11.2% |
| 2027-06-17 | 237 | 21.5% | ±14.2% |