AUMI vs. IAUI

Last updated Jun 4, 2026

AUMI (Themes Gold Miners ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while IAUI is a Derivative Income fund actively managed by Neos. AUMI is passively managed, while IAUI is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. AUMI charges 0.35%/yr vs 0.78%/yr for IAUI.

Performance

AUMI vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) 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, AUMI achieves a -5.96% return, which is significantly lower than IAUI's 1.64% return.

AUMI

• 1D: -2.93%
• 1M: -3.79%
• YTD: -5.96%
• 6M: -0.21%
• 1Y: 48.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: -0.88%
• 1M: -1.01%
• YTD: 1.64%
• 6M: 4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUMI vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
AUMI Themes Gold Miners ETF	-5.96%	59.81%
IAUI NEOS Gold High Income ETF	1.64%	20.56%

Correlation

The correlation between AUMI and IAUI is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.76

Return for Risk

AUMI vs. IAUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUMI

AUMI Risk / Return Rank: 28
AUMI Sharpe Ratio Rank: 28
AUMI Sortino Ratio Rank: 27
AUMI Omega Ratio Rank: 29
AUMI Calmar Ratio Rank: 31
AUMI Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUMI vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

	AUMI	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.48	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.54	—	—
Martin ratio: Return relative to average drawdown	3.94	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AUMI	IAUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	1.13	+0.42

Drawdowns

AUMI vs. IAUI - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, which is greater than IAUI's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for AUMI and IAUI.

Drawdown Indicators

	AUMI	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-16.88%	-15.00%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	—	—
Current Drawdown Current decline from peak	-29.25%	-13.80%	-15.45%
Average Drawdown Average peak-to-trough decline	-7.06%	-3.45%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.46%	—	—

Volatility

Volatility by Period

	AUMI	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	20.31%	+27.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	20.31%	+21.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.57%	20.31%	+21.26%

AUMI vs. IAUI - Expense Ratio Comparison

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

Dividends

AUMI vs. IAUI - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.92%, less than IAUI's 12.65% yield.

Position	TTM	2025	2024
AUMI Themes Gold Miners ETF	0.92%	0.86%	1.84%
IAUI NEOS Gold High Income ETF	12.65%	6.88%	0.00%

Frequently Asked Questions

Can I hold both AUMI and IAUI in my portfolio?

AUMI and IAUI have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUMI or IAUI?

On fees, AUMI 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, AUMI or IAUI?

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

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

IAUI has the higher dividend yield at 12.65%, compared with 0.92% for AUMI.

What is the main difference between AUMI and IAUI?

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