GLDN.AX vs. IAUI
GLDN.AX (Ishares Physical Gold ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - GLDN.AX is a Gold fund tracking the LBMA Gold Price PM AUD Index, while IAUI is a Derivative Income fund actively managed by Neos. GLDN.AX is passively managed, while IAUI is actively managed. At a 0.31 correlation, their price movements are largely independent. GLDN.AX charges 0.18%/yr vs 0.78%/yr for IAUI.
Performance
GLDN.AX vs. IAUI - Performance Comparison
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Different Trading Currencies
GLDN.AX is traded in AUD, while IAUI is traded in USD. To make them comparable, the IAUI values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDN.AX achieves a -3.58% return, which is significantly higher than IAUI's -4.01% return.
GLDN.AX
- 1D
- 0.67%
- 1M
- -1.25%
- YTD
- -3.58%
- 6M
- -1.13%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUI
- 1D
- 0.91%
- 1M
- -0.18%
- YTD
- -4.01%
- 6M
- -2.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDN.AX vs. IAUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDN.AX Ishares Physical Gold ETF | -3.58% | 25.25% |
IAUI NEOS Gold High Income ETF | -4.01% | 17.50% |
Correlation
The correlation between GLDN.AX and IAUI is 0.31, 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 Jun 6, 2025 | 0.31 |
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Return for Risk
GLDN.AX vs. IAUI — Risk / Return Rank
GLDN.AX
IAUI
GLDN.AX vs. IAUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) 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.
| GLDN.AX | IAUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | — | — |
| Martin ratioReturn relative to average drawdown | 2.23 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDN.AX | IAUI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.71 | +0.90 |
Drawdowns
GLDN.AX vs. IAUI - Drawdown Comparison
The maximum GLDN.AX drawdown since its inception was -21.43%, which is greater than IAUI's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for GLDN.AX and IAUI.
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Drawdown Indicators
| GLDN.AX | IAUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -15.54% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | — | — |
Current DrawdownCurrent decline from peak | -20.00% | -13.44% | -6.56% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -3.61% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | — | — |
Volatility
GLDN.AX vs. IAUI - Volatility Comparison
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Volatility by Period
| GLDN.AX | IAUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 18.11% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 18.11% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 18.11% | +1.38% |
GLDN.AX vs. IAUI - Expense Ratio Comparison
GLDN.AX has a 0.18% expense ratio, which is lower than IAUI's 0.78% expense ratio.
Dividends
GLDN.AX vs. IAUI - Dividend Comparison
GLDN.AX's dividend yield for the trailing twelve months is around 0.08%, less than IAUI's 12.58% yield.
| Position | TTM | 2025 |
|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 0.08% | 0.07% |
IAUI NEOS Gold High Income ETF | 12.58% | 6.88% |
Frequently Asked Questions
GLDN.AX and IAUI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDN.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDN.AX is cheaper with a 0.18% expense ratio, compared with 0.78% for IAUI.
GLDN.AX is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: iShares and Neos. Their fees differ too: 0.18% for GLDN.AX and 0.78% for IAUI.
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