• IShares Gold Trust average return on tangible equity for 2023 was 6.48, a 185.46% increase from 2022.
• IShares Gold Trust average return on tangible equity for 2022 was 2.27, a 164.31% increase from 2021.
• IShares Gold Trust average return on tangible equity for 2021 was -3.53, a 116.88% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.