IAUI vs. SLJY

Last updated Jun 4, 2026

IAUI (NEOS Gold High Income ETF) and SLJY (Amplify SILJ Covered Call ETF) are both Derivative Income funds. Both are actively managed. A 0.73 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 1.64% return, which is significantly lower than SLJY's 7.71% return.

IAUI

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

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 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	1.64%	19.98%
SLJY Amplify SILJ Covered Call ETF	7.71%	43.38%

Correlation

The correlation between IAUI and SLJY is 0.73, 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 20, 2025	0.73

Return for Risk

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.

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

Sharpe Ratios by Period

	IAUI	SLJY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.49	-0.37

Drawdowns

IAUI vs. SLJY - Drawdown Comparison

The maximum IAUI drawdown since its inception was -16.88%, smaller than the maximum SLJY drawdown of -30.60%. 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	-16.88%	-30.60%	+13.72%
Current Drawdown Current decline from peak	-13.80%	-21.65%	+7.85%
Average Drawdown Average peak-to-trough decline	-3.45%	-9.60%	+6.15%

Volatility

Volatility by Period

	IAUI	SLJY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	49.59%	-29.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	49.59%	-29.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	49.59%	-29.28%

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 12.65%, less than SLJY's 16.71% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	12.65%	6.88%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%

Frequently Asked Questions

Can I hold both IAUI and SLJY in my portfolio?

IAUI and SLJY have a correlation of 0.73, 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 16.71%, compared with 12.65% 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.