IAUI vs. SLJY

Last updated Jul 17, 2026

IAUI (NEOS Gold High Income ETF) and SLJY (Amplify SILJ Covered Call ETF) are both Derivative Income funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. IAUI charges 0.78%/yr vs 0.75%/yr for SLJY.

Performance

IAUI vs. SLJY - Performance Comparison

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

Returns By Period

In the year-to-date period, IAUI achieves a -8.32% return, which is significantly higher than SLJY's -10.42% return.

IAUI

• 1D: -1.84%
• 1M: -7.87%
• 6M: -13.00%
• YTD: -8.32%
• 1Y: 10.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLJY

• 1D: -3.80%
• 1M: -14.97%
• 6M: -22.59%
• YTD: -10.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAUI vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
IAUI NEOS Gold High Income ETF	-8.32%	19.69%
SLJY Amplify SILJ Covered Call ETF	-10.42%	42.11%

Correlation

The correlation between IAUI and SLJY 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 Aug 19, 2025	0.76

Return for Risk

IAUI vs. SLJY — Risk / Return Rank

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

IAUI

IAUI Risk / Return Rank: 17
IAUI Sharpe Ratio Rank: 18
IAUI Sortino Ratio Rank: 17
IAUI Omega Ratio Rank: 19
IAUI Calmar Ratio Rank: 16
IAUI Martin Ratio Rank: 16

SLJY

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

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. SLJY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and Amplify SILJ Covered Call ETF (SLJY). 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	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	0.47	—	—
Sortino ratio: Return per unit of downside risk	0.75	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.46	—	—
Martin ratio: Return relative to average drawdown	1.18	—	—

Drawdowns

IAUI vs. SLJY - Drawdown Comparison

The maximum IAUI drawdown since its inception was -22.50%, smaller than the maximum SLJY drawdown of -34.84%. Use the drawdown chart below to compare losses from any high point for IAUI and SLJY.

Drawdown Indicators

	IAUI	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-34.84%	+12.34%
Max Drawdown (1Y) Largest decline over 1 year	-22.50%	—	—
Current Drawdown Current decline from peak	-22.25%	-34.84%	+12.59%
Average Drawdown Average peak-to-trough decline	-5.09%	-12.13%	+7.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.67%	—	—

Volatility

Volatility by Period

	IAUI	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.90%	49.68%	-27.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	49.68%	-28.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	49.68%	-28.59%

IAUI vs. SLJY - Expense Ratio Comparison

IAUI has a 0.78% expense ratio, which is higher than SLJY's 0.75% expense ratio.

Dividends

IAUI vs. SLJY - Dividend Comparison

IAUI's dividend yield for the trailing twelve months is around 14.15%, less than SLJY's 22.72% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	14.15%	6.88%
SLJY Amplify SILJ Covered Call ETF	22.72%	6.26%

Frequently Asked Questions

Can I hold both IAUI and SLJY in my portfolio?

IAUI and SLJY 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 SLJY?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAUI or SLJY?

SLJY is cheaper with a 0.75% expense ratio, compared with 0.78% for IAUI.

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

SLJY has the higher dividend yield at 22.72%, compared with 14.15% for IAUI.

What is the main difference between IAUI and SLJY?

They also come from different issuers: Neos and Amplify. Their fees differ too: 0.78% for IAUI and 0.75% for SLJY.