AUAU vs. IAUI

Last updated Jun 6, 2026

AUAU (Global X Gold Miners ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - AUAU is a Gold fund tracking the NYSE Arca Gold Miners Index, while IAUI is a Derivative Income fund actively managed by Neos. AUAU is passively managed, while IAUI is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. AUAU charges 0.35%/yr vs 0.78%/yr for IAUI.

Performance

AUAU vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAU achieves a -6.86% return, which is significantly lower than IAUI's -1.07% return.

AUAU

• 1D: -8.34%
• 1M: -14.13%
• YTD: -6.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: -3.26%
• 1M: -6.70%
• YTD: -1.07%
• 6M: 1.17%
• 1Y: 19.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUAU vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	-6.86%	4.18%
IAUI NEOS Gold High Income ETF	-1.07%	1.75%

Correlation

The correlation between AUAU and IAUI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.83

Return for Risk

AUAU vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) and NEOS Gold High Income ETF (IAUI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AUAU	IAUI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	0.95	-1.06

Drawdowns

AUAU vs. IAUI - Drawdown Comparison

The maximum AUAU drawdown since its inception was -31.20%, which is greater than IAUI's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for AUAU and IAUI.

Drawdown Indicators

	AUAU	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-31.20%	-16.88%	-14.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.88%	—
Current Drawdown Current decline from peak	-31.20%	-16.10%	-15.10%
Average Drawdown Average peak-to-trough decline	-12.89%	-3.54%	-9.35%

Volatility

Volatility by Period

	AUAU	IAUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.93%	20.51%	+31.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.93%	20.51%	+31.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.93%	20.51%	+31.42%

AUAU vs. IAUI - Expense Ratio Comparison

AUAU has a 0.35% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

AUAU vs. IAUI - Dividend Comparison

AUAU has not paid dividends to shareholders, while IAUI's dividend yield for the trailing twelve months is around 13.00%.

Position	TTM	2025
AUAU Global X Gold Miners ETF	0.00%	0.00%
IAUI NEOS Gold High Income ETF	13.00%	6.88%

Frequently Asked Questions

Can I hold both AUAU and IAUI in my portfolio?

AUAU and IAUI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUAU or IAUI?

On fees, AUAU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or IAUI?

AUAU is cheaper with a 0.35% expense ratio, compared with 0.78% for IAUI.

Which ETF pays a higher dividend yield, AUAU or IAUI?

IAUI has the higher dividend yield at 13.00%, compared with 0.00% for AUAU.

What is the main difference between AUAU and IAUI?

AUAU is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: Global X and Neos. Their fees differ too: 0.35% for AUAU and 0.78% for IAUI.