IAUI vs. MLPI

Last updated Jun 4, 2026

IAUI (NEOS Gold High Income ETF) and MLPI (Neos MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - IAUI is a Derivative Income fund actively managed by Neos, while MLPI is a Energy Equities fund actively managed by Neos. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. IAUI charges 0.78%/yr vs 0.68%/yr for MLPI.

Performance

IAUI vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Gold High Income ETF (IAUI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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 lower than MLPI's 17.58% return.

IAUI

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

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	1.64%	-0.24%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%

Correlation

The correlation between IAUI and MLPI is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.04

Return for Risk

IAUI vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	3.49	-2.36

Drawdowns

IAUI vs. MLPI - Drawdown Comparison

The maximum IAUI drawdown since its inception was -16.88%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for IAUI and MLPI.

Drawdown Indicators

	IAUI	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.88%	-5.38%	-11.50%
Current Drawdown Current decline from peak	-13.80%	-3.84%	-9.96%
Average Drawdown Average peak-to-trough decline	-3.45%	-1.27%	-2.18%

Volatility

Volatility by Period

	IAUI	MLPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	13.05%	+7.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	13.05%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	13.05%	+7.26%

IAUI vs. MLPI - Expense Ratio Comparison

IAUI has a 0.78% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

IAUI vs. MLPI - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 12.65%, more than MLPI's 6.04% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	12.65%	6.88%
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%

Frequently Asked Questions

Can I hold both IAUI and MLPI in my portfolio?

IAUI and MLPI have a correlation of 0.04, 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 MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAUI or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.78% for IAUI.

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

IAUI has the higher dividend yield at 12.65%, compared with 6.04% for MLPI.

What is the main difference between IAUI and MLPI?

IAUI is categorized as Derivative Income, while MLPI is Energy Equities. Their fees differ too: 0.78% for IAUI and 0.68% for MLPI.