IAUI vs. ULTY
IAUI (NEOS Gold High Income ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. IAUI charges 0.78%/yr vs 1.14%/yr for ULTY.
Performance
IAUI vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, IAUI achieves a 1.64% return, which is significantly lower than ULTY's 11.14% return.
IAUI
- 1D
- -0.88%
- 1M
- -1.01%
- YTD
- 1.64%
- 6M
- 4.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- -1.25%
- 1M
- 4.53%
- YTD
- 11.14%
- 6M
- 9.84%
- 1Y
- 8.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUI vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUI NEOS Gold High Income ETF | 1.64% | 20.56% |
ULTY YieldMax Ultra Option Income Strategy ETF | 11.14% | -0.90% |
Correlation
The correlation between IAUI and ULTY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.24 |
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Return for Risk
IAUI vs. ULTY — Risk / Return Rank
IAUI
ULTY
IAUI vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.
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Sharpe Ratios by Period
| IAUI | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.17 | +0.95 |
Drawdowns
IAUI vs. ULTY - Drawdown Comparison
The maximum IAUI drawdown since its inception was -16.88%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for IAUI and ULTY.
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Drawdown Indicators
| IAUI | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.88% | -26.85% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -13.80% | -8.88% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -9.37% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.31% | — |
Volatility
IAUI vs. ULTY - Volatility Comparison
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Volatility by Period
| IAUI | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 20.79% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 26.92% | -6.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.31% | 26.92% | -6.61% |
IAUI vs. ULTY - Expense Ratio Comparison
IAUI has a 0.78% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
IAUI vs. ULTY - Dividend Comparison
IAUI's dividend yield for the trailing twelve months is around 12.65%, less than ULTY's 114.67% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IAUI NEOS Gold High Income ETF | 12.65% | 6.88% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 114.67% | 142.99% | 111.70% |
Frequently Asked Questions
IAUI and ULTY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IAUI is cheaper with a 0.78% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 114.67%, compared with 12.65% for IAUI.
They also come from different issuers: Neos and YieldMax. Their fees differ too: 0.78% for IAUI and 1.14% for ULTY.
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