IAUI vs. JELM
IAUI (NEOS Gold High Income ETF) and JELM (Janus Henderson Equity Linked Moderate Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. IAUI charges 0.78%/yr vs 0.59%/yr for JELM.
Performance
IAUI vs. JELM - Performance Comparison
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Returns By Period
IAUI
- 1D
- 3.02%
- 1M
- 1.94%
- 6M
- -11.81%
- YTD
- -3.16%
- 1Y
- 15.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.75%
JELM
- 1D
- -0.10%
- 1M
- 1.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.02M | $8.85M | $10.46M | |
| $214.60K | $418.55K | $965.66K |
IAUI vs. JELM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IAUI NEOS Gold High Income ETF | -8.26% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 2.24% |
Correlation
The correlation between IAUI and JELM is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | -0.02 |
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Return for Risk
IAUI vs. JELM — Risk / Return Rank
IAUI
JELM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAUI vs. JELM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Janus Henderson Equity Linked Moderate Income ETF (JELM). 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 | JELM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | — | — |
| Martin ratioReturn relative to average drawdown | 1.53 | — | — |
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Drawdowns
IAUI vs. JELM - Drawdown Comparison
The maximum IAUI drawdown since its inception was -22.50%, which is greater than JELM's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for IAUI and JELM.
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Drawdown Indicators
| IAUI | JELM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.50% | -0.69% | -21.81% |
Max Drawdown (1Y)Largest decline over 1 year | -22.50% | — | — |
Current DrawdownCurrent decline from peak | -17.87% | -0.35% | -17.52% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -0.21% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | — | — |
Volatility
IAUI vs. JELM - Volatility Comparison
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Volatility by Period
| IAUI | JELM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.28% | 3.67% | +18.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 3.67% | +17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 3.67% | +17.40% |
IAUI vs. JELM - Expense Ratio Comparison
IAUI has a 0.78% expense ratio, which is higher than JELM's 0.59% expense ratio.
Dividends
IAUI vs. JELM - Dividend Comparison
IAUI's dividend yield for the trailing twelve months is around 13.46%, more than JELM's 1.21% yield.
| Position | TTM | 2025 |
|---|---|---|
IAUI NEOS Gold High Income ETF | 13.46% | 6.88% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 1.21% | 0.00% |
Frequently Asked Questions
IAUI and JELM have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JELM is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JELM is cheaper with a 0.59% expense ratio, compared with 0.78% for IAUI.
IAUI has the higher dividend yield at 13.46%, compared with 1.21% for JELM.
They also come from different issuers: Neos and Janus Henderson. Their fees differ too: 0.78% for IAUI and 0.59% for JELM.
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