IAUI vs. GDXW

Last updated Aug 2, 2026

IAUI (NEOS Gold High Income ETF) and GDXW (Roundhill Gold Miners Weeklypay ETF) are both exchange-traded funds - IAUI is a Derivative Income fund actively managed by Neos, while GDXW is a Gold fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.85 means they have usually moved in the same direction. IAUI charges 0.78%/yr vs 0.99%/yr for GDXW.

Performance

IAUI vs. GDXW - Performance Comparison

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

Returns By Period

In the year-to-date period, IAUI achieves a -6.62% return, which is significantly higher than GDXW's -20.04% return.

IAUI

• 1D: -1.12%
• 1M: -0.98%
• 6M: -13.50%
• YTD: -6.62%
• 1Y: 11.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.39%

GDXW

• 1D: -3.84%
• 1M: -6.91%
• 6M: -28.00%
• YTD: -20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDXW Roundhill Gold Miners Weeklypay ETF	$1.31M	$1.39M	$2.06M
IAUI NEOS Gold High Income ETF	$8.84M	$8.74M	$10.60M

IAUI vs. GDXW - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	-6.62%	7.95%
GDXW Roundhill Gold Miners Weeklypay ETF	-20.04%	25.26%

Correlation

The correlation between IAUI and GDXW is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.85

Return for Risk

IAUI vs. GDXW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IAUI

IAUI Risk / Return Rank: 24
IAUI Sharpe Ratio Rank: 26
IAUI Sortino Ratio Rank: 25
IAUI Omega Ratio Rank: 27
IAUI Calmar Ratio Rank: 21
IAUI Martin Ratio Rank: 21

GDXW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAUI vs. GDXW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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	GDXW	Difference
Sharpe ratio: Return per unit of total volatility	0.61	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.60	—	—
Martin ratio: Return relative to average drawdown	1.39	—	—

Drawdowns

IAUI vs. GDXW - Drawdown Comparison

The maximum IAUI drawdown since its inception was -22.50%, smaller than the maximum GDXW drawdown of -46.79%. Use the drawdown chart below to compare losses from any high point for IAUI and GDXW.

Drawdown Indicators

	IAUI	GDXW	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-46.79%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-22.50%	—	—
Current Drawdown Current decline from peak	-20.80%	-43.67%	+22.87%
Average Drawdown Average peak-to-trough decline	-5.69%	-19.25%	+13.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	—	—

Volatility

Volatility by Period

	IAUI	GDXW	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	22.14%	61.28%	-39.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.99%	61.28%	-40.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.99%	61.28%	-40.29%

IAUI vs. GDXW - Expense Ratio Comparison

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

Dividends

IAUI vs. GDXW - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 13.96%, less than GDXW's 59.35% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	59.35%	7.48%
IAUI NEOS Gold High Income ETF	13.96%	6.88%

Frequently Asked Questions

Can I hold both IAUI and GDXW in my portfolio?

IAUI and GDXW have a correlation of 0.85, 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 GDXW?

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 GDXW?

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

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

GDXW has the higher dividend yield at 59.35%, compared with 13.96% for IAUI.

What is the main difference between IAUI and GDXW?

IAUI is categorized as Derivative Income, while GDXW is Gold. They also come from different issuers: Neos and Roundhill. Their fees differ too: 0.78% for IAUI and 0.99% for GDXW.