IAUI vs. ARMW

Last updated Jun 4, 2026

IAUI (NEOS Gold High Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. IAUI charges 0.78%/yr vs 0.99%/yr for ARMW.

Performance

IAUI vs. ARMW - Performance Comparison

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

Returns By Period

In the year-to-date period, IAUI achieves a 1.64% return, which is significantly lower than ARMW's 363.23% return.

IAUI

• 1D: -0.88%
• 1M: -1.01%
• YTD: 1.64%
• 6M: 4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	1.64%	6.11%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between IAUI and ARMW is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.09

Return for Risk

IAUI vs. ARMW - Risk-Adjusted Trends Comparison

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

	IAUI	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	4.96	-3.83

Drawdowns

IAUI vs. ARMW - Drawdown Comparison

The maximum IAUI drawdown since its inception was -16.88%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for IAUI and ARMW.

Drawdown Indicators

	IAUI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-16.88%	-48.47%	+31.59%
Current Drawdown Current decline from peak	-13.80%	0.00%	-13.80%
Average Drawdown Average peak-to-trough decline	-3.45%	-26.55%	+23.10%

Volatility

Volatility by Period

	IAUI	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	88.46%	-68.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	88.46%	-68.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	88.46%	-68.15%

IAUI vs. ARMW - Expense Ratio Comparison

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

Dividends

IAUI vs. ARMW - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 12.65%, less than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
IAUI NEOS Gold High Income ETF	12.65%	6.88%

Frequently Asked Questions

Can I hold both IAUI and ARMW in my portfolio?

IAUI and ARMW have a correlation of 0.09, 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 ARMW?

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 ARMW?

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

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

ARMW has the higher dividend yield at 15.20%, compared with 12.65% for IAUI.

What is the main difference between IAUI and ARMW?

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