AVGW vs. IAUI

Last updated Jun 4, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and IAUI (NEOS Gold High Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. AVGW charges 0.99%/yr vs 0.78%/yr for IAUI.

Performance

AVGW vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) 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, AVGW achieves a 43.84% return, which is significantly higher than IAUI's 1.64% return.

AVGW

• 1D: -1.38%
• 1M: 17.30%
• YTD: 43.84%
• 6M: 27.58%
• 1Y: —
• 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)

AVGW vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	43.84%	20.91%
IAUI NEOS Gold High Income ETF	1.64%	19.23%

Correlation

The correlation between AVGW and IAUI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.15

Return for Risk

AVGW vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) 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

	AVGW	IAUI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	1.13	+0.57

Drawdowns

AVGW vs. IAUI - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, which is greater than IAUI's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for AVGW and IAUI.

Drawdown Indicators

	AVGW	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-16.88%	-17.77%
Current Drawdown Current decline from peak	-1.38%	-13.80%	+12.42%
Average Drawdown Average peak-to-trough decline	-12.19%	-3.45%	-8.74%

Volatility

Volatility by Period

	AVGW	IAUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	53.65%	20.31%	+33.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	20.31%	+33.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	20.31%	+33.34%

AVGW vs. IAUI - Expense Ratio Comparison

AVGW has a 0.99% expense ratio, which is higher than IAUI's 0.78% expense ratio.

Dividends

AVGW vs. IAUI - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 44.45%, more than IAUI's 12.65% yield.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	44.45%	31.15%
IAUI NEOS Gold High Income ETF	12.65%	6.88%

Frequently Asked Questions

Can I hold both AVGW and IAUI in my portfolio?

AVGW and IAUI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGW or IAUI?

On fees, IAUI is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGW or IAUI?

IAUI is cheaper with a 0.78% expense ratio, compared with 0.99% for AVGW.

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

AVGW has the higher dividend yield at 44.45%, compared with 12.65% for IAUI.

What is the main difference between AVGW and IAUI?

They also come from different issuers: Roundhill and Neos. Their fees differ too: 0.99% for AVGW and 0.78% for IAUI.