GLDW vs. IAUI
GLDW (Roundhill Gold WeeklyPay ETF) and IAUI (NEOS Gold High Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.98 correlation means they have historically moved very closely together. GLDW charges 0.99%/yr vs 0.78%/yr for IAUI.
Performance
GLDW vs. IAUI - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -10.18% return, which is significantly lower than IAUI's -6.62% return.
GLDW
- 1D
- -1.58%
- 1M
- -2.25%
- 6M
- -21.62%
- YTD
- -10.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IAUI
- 1D
- -1.12%
- 1M
- -0.98%
- 6M
- -13.50%
- YTD
- -6.62%
- 1Y
- 11.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.24K | $286.30K | $479.68K | |
| $8.84M | $8.74M | $10.60M |
GLDW vs. IAUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -10.18% | 9.36% |
IAUI NEOS Gold High Income ETF | -6.62% | 7.95% |
Correlation
The correlation between GLDW and IAUI is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.98 |
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Return for Risk
GLDW vs. IAUI — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAUI
GLDW vs. IAUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.
| GLDW | IAUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.60 | — |
| Martin ratioReturn relative to average drawdown | — | 1.39 | — |
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Drawdowns
GLDW vs. IAUI - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, which is greater than IAUI's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for GLDW and IAUI.
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Drawdown Indicators
| GLDW | IAUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -22.50% | -10.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.50% | — |
Current DrawdownCurrent decline from peak | -31.08% | -20.80% | -10.28% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -5.69% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.68% | — |
Volatility
GLDW vs. IAUI - Volatility Comparison
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Volatility by Period
| GLDW | IAUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.85% | 22.14% | +13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 20.99% | +14.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 20.99% | +14.86% |
GLDW vs. IAUI - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than IAUI's 0.78% expense ratio.
Dividends
GLDW vs. IAUI - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.73%, more than IAUI's 13.96% yield.
| Position | TTM | 2025 |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.73% | 3.75% |
IAUI NEOS Gold High Income ETF | 13.96% | 6.88% |
Frequently Asked Questions
With a correlation of 0.98, GLDW and IAUI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
IAUI is cheaper with a 0.78% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 26.73%, compared with 13.96% for IAUI.
They also come from different issuers: Roundhill Investments and Neos. Their fees differ too: 0.99% for GLDW and 0.78% for IAUI.
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