IAUI vs. ARMW

Last updated Jun 25, 2026

IAUI (NEOS Gold High Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.16 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 -8.62% return, which is significantly lower than ARMW's 287.65% return.

IAUI

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

ARMW

• 1D: -2.38%
• 1M: 19.11%
• YTD: 287.65%
• 6M: 278.87%
• 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	-8.62%	5.97%
ARMW Roundhill ARM WeeklyPay ETF	287.65%	-41.28%

Correlation

The correlation between IAUI and ARMW is 0.16, 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 Oct 23, 2025	0.16

Return for Risk

IAUI vs. ARMW — 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

ARMW

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. 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.

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	ARMW	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. ARMW - Drawdown Comparison

The maximum IAUI drawdown since its inception was -22.50%, 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	-22.50%	-48.47%	+25.97%
Max Drawdown (1Y) Largest decline over 1 year	-22.50%	—	—
Current Drawdown Current decline from peak	-22.50%	-21.98%	-0.52%
Average Drawdown Average peak-to-trough decline	-4.20%	-25.27%	+21.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.01%	—	—

Volatility

Volatility by Period

	IAUI	ARMW	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%	94.53%	-72.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	94.53%	-73.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	94.53%	-73.28%

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 15.28%, less than ARMW's 26.61% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	26.61%	16.38%
IAUI NEOS Gold High Income ETF	15.28%	6.88%

Frequently Asked Questions

Can I hold both IAUI and ARMW in my portfolio?

IAUI and ARMW have a correlation of 0.16, 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 26.61%, compared with 15.28% 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.