IAUI vs. CAIE

Last updated Apr 1, 2026

Compare and contrast key facts about NEOS Gold High Income ETF (IAUI) and Calamos Autocallable Income ETF (CAIE).

IAUI and CAIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAUI is an actively managed fund by Neos. It was launched on Jun 4, 2025. CAIE is a passively managed fund by Calamos that tracks the performance of the MerQube US Large Cap Vol Advantage Autocallable Index. It was launched on Jun 25, 2025.

Performance

IAUI vs. CAIE - Performance Comparison

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

IAUI vs. CAIE - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	4.93%	20.47%
CAIE Calamos Autocallable Income ETF	-3.69%	15.15%

Returns By Period

In the year-to-date period, IAUI achieves a 4.93% return, which is significantly higher than CAIE's -3.69% return.

IAUI

• 1D: 3.78%
• 1M: -10.02%
• YTD: 4.93%
• 6M: 15.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAIE

• 1D: 2.42%
• 1M: -4.34%
• YTD: -3.69%
• 6M: -1.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. CAIE - Expense Ratio Comparison

IAUI has a 0.78% expense ratio, which is higher than CAIE's 0.74% expense ratio.

IAUI

NEOS Gold High Income ETF

CAIE

Calamos Autocallable Income ETF

Return for Risk

IAUI vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Calamos Autocallable Income ETF (CAIE). 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	CAIE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	1.18	+0.43

Correlation

The correlation between IAUI and CAIE is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IAUI vs. CAIE - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 10.00%, less than CAIE's 10.50% yield.

	TTM	2025
IAUI NEOS Gold High Income ETF	10.00%	6.88%
CAIE Calamos Autocallable Income ETF	10.50%	7.46%

Drawdowns

IAUI vs. CAIE - Drawdown Comparison

The maximum IAUI drawdown since its inception was -16.88%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for IAUI and CAIE.

Drawdown Indicators

	IAUI	CAIE	Difference
Max Drawdown Largest peak-to-trough decline	-16.88%	-7.73%	-9.15%
Current Drawdown Current decline from peak	-11.01%	-5.49%	-5.52%
Average Drawdown Average peak-to-trough decline	-1.85%	-1.12%	-0.73%

Volatility

Volatility by Period

	IAUI	CAIE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.78%	12.34%	+8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.78%	12.34%	+8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.78%	12.34%	+8.44%