IAUI vs. AMDW

Last updated Jun 25, 2026

IAUI (NEOS Gold High Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. IAUI charges 0.78%/yr vs 0.99%/yr for AMDW.

Performance

IAUI vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Gold High Income ETF (IAUI) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUI achieves a -8.62% return, which is significantly lower than AMDW's 175.60% return.

IAUI

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

AMDW

• 1D: -0.15%
• 1M: 12.41%
• YTD: 175.60%
• 6M: 173.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	-8.62%	18.87%
AMDW Roundhill AMD WeeklyPay ETF	175.60%	36.56%

Correlation

The correlation between IAUI and AMDW is 0.25, 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 24, 2025	0.25

Return for Risk

IAUI vs. AMDW — Risk / Return Rank

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

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

AMDW

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

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.

IAUI vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

	IAUI	AMDW	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

IAUI vs. AMDW - Drawdown Comparison

The maximum IAUI drawdown since its inception was -22.50%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for IAUI and AMDW.

Drawdown Indicators

	IAUI	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-34.64%	+12.14%
Max Drawdown (1Y) Largest decline over 1 year	-22.50%	—	—
Current Drawdown Current decline from peak	-22.50%	-7.34%	-15.16%
Average Drawdown Average peak-to-trough decline	-4.20%	-14.22%	+10.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.01%	—	—

Volatility

Volatility by Period

	IAUI	AMDW	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	21.66%	83.24%	-61.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	83.24%	-61.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	83.24%	-61.99%

IAUI vs. AMDW - Expense Ratio Comparison

IAUI has a 0.78% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

IAUI vs. AMDW - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 15.28%, less than AMDW's 37.19% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	37.19%	34.78%
IAUI NEOS Gold High Income ETF	15.28%	6.88%

Frequently Asked Questions

Can I hold both IAUI and AMDW in my portfolio?

IAUI and AMDW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAUI or AMDW?

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, IAUI or AMDW?

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

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

AMDW has the higher dividend yield at 37.19%, compared with 15.28% for IAUI.

What is the main difference between IAUI and AMDW?

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