GDXW vs. IAUI

Last updated Jun 25, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while IAUI is a Derivative Income fund actively managed by Neos. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. GDXW charges 0.99%/yr vs 0.78%/yr for IAUI.

Performance

GDXW vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) 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, GDXW achieves a -19.43% return, which is significantly lower than IAUI's -8.62% return.

GDXW

• 1D: -5.12%
• 1M: -15.67%
• YTD: -19.43%
• 6M: -23.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: -3.16%
• 1M: -10.97%
• YTD: -8.62%
• 6M: -10.82%
• 1Y: 10.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXW vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-19.43%	25.26%
IAUI NEOS Gold High Income ETF	-8.62%	7.95%

Correlation

The correlation between GDXW and IAUI is 0.84, 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 Oct 30, 2025	0.84

Return for Risk

GDXW vs. IAUI — Risk / Return Rank

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

GDXW

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

IAUI

IAUI Risk / Return Rank: 16
IAUI Sharpe Ratio Rank: 17
IAUI Sortino Ratio Rank: 16
IAUI Omega Ratio Rank: 18
IAUI Calmar Ratio Rank: 14
IAUI Martin Ratio Rank: 16

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.

GDXW vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDXW	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.50	—
Sortino ratio: Return per unit of downside risk	—	0.78	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.48	—
Martin ratio: Return relative to average drawdown	—	1.53	—

Drawdowns

GDXW vs. IAUI - Drawdown Comparison

The maximum GDXW drawdown since its inception was -43.76%, which is greater than IAUI's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for GDXW and IAUI.

Drawdown Indicators

	GDXW	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-43.76%	-22.50%	-21.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.50%	—
Current Drawdown Current decline from peak	-43.24%	-22.50%	-20.74%
Average Drawdown Average peak-to-trough decline	-15.45%	-4.20%	-11.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.01%	—

Volatility

Volatility by Period

	GDXW	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.18%	21.66%	+41.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.18%	21.25%	+41.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.18%	21.25%	+41.93%

GDXW vs. IAUI - Expense Ratio Comparison

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

Dividends

GDXW vs. IAUI - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 51.47%, more than IAUI's 15.28% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	51.47%	7.48%
IAUI NEOS Gold High Income ETF	15.28%	6.88%

Frequently Asked Questions

Can I hold both GDXW and IAUI in my portfolio?

GDXW and IAUI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXW 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, GDXW or IAUI?

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

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

GDXW has the higher dividend yield at 51.47%, compared with 15.28% for IAUI.

What is the main difference between GDXW and IAUI?

GDXW is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: Roundhill and Neos. Their fees differ too: 0.99% for GDXW and 0.78% for IAUI.