IAUI vs. GDXY

Last updated Jun 4, 2026

IAUI (NEOS Gold High Income ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both Derivative Income funds. A 0.76 correlation means they provide meaningful diversification when combined. IAUI charges 0.78%/yr vs 0.99%/yr for GDXY.

Performance

IAUI vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Gold High Income ETF (IAUI) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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 higher than GDXY's -6.82% return.

IAUI

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

GDXY

• 1D: -2.47%
• 1M: -2.37%
• YTD: -6.82%
• 6M: -3.09%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	1.64%	20.56%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-6.82%	39.42%

Correlation

The correlation between IAUI and GDXY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.76

Return for Risk

IAUI vs. GDXY — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 23
GDXY Sharpe Ratio Rank: 23
GDXY Sortino Ratio Rank: 22
GDXY Omega Ratio Rank: 25
GDXY Calmar Ratio Rank: 23
GDXY Martin Ratio Rank: 22

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. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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	GDXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.76	+0.36

Drawdowns

IAUI vs. GDXY - Drawdown Comparison

The maximum IAUI drawdown since its inception was -16.88%, smaller than the maximum GDXY drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for IAUI and GDXY.

Drawdown Indicators

	IAUI	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-16.88%	-28.03%	+11.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.03%	—
Current Drawdown Current decline from peak	-13.80%	-25.20%	+11.40%
Average Drawdown Average peak-to-trough decline	-3.45%	-6.40%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.96%	—

Volatility

Volatility by Period

	IAUI	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	36.57%	-16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	31.73%	-11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	31.73%	-11.42%

IAUI vs. GDXY - Expense Ratio Comparison

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

Dividends

IAUI vs. GDXY - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 12.65%, less than GDXY's 74.25% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	74.25%	52.13%	23.91%
IAUI NEOS Gold High Income ETF	12.65%	6.88%	0.00%

Frequently Asked Questions

Can I hold both IAUI and GDXY in my portfolio?

IAUI and GDXY have a correlation of 0.76, 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 GDXY?

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 GDXY?

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

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

GDXY has the higher dividend yield at 74.25%, compared with 12.65% for IAUI.

What is the main difference between IAUI and GDXY?

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