IGLD vs. IAUI

Last updated Jun 23, 2026

IGLD (FT Vest Gold Strategy Target Income ETF) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while IAUI is a Derivative Income fund actively managed by Neos. Both are actively managed. Over the past year, IGLD returned 17.49% vs 15.59% for IAUI. Their correlation of 0.93 suggests significant overlap in exposure. IGLD charges 0.85%/yr vs 0.78%/yr for IAUI.

Performance

IGLD vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Target Income ETF (IGLD) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IGLD having a -3.67% return and IAUI slightly higher at -3.56%.

IGLD

• 1D: -0.63%
• 1M: -6.25%
• YTD: -3.67%
• 6M: -5.24%
• 1Y: 17.49%
• 3Y*: 21.13%
• 5Y*: 13.19%
• 10Y*: —

IAUI

• 1D: -0.37%
• 1M: -6.04%
• YTD: -3.56%
• 6M: -5.45%
• 1Y: 15.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGLD vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
IGLD FT Vest Gold Strategy Target Income ETF	-3.67%	22.08%
IAUI NEOS Gold High Income ETF	-3.56%	20.00%

Correlation

The correlation between IGLD and IAUI is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.93

The correlation between IGLD and IAUI has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

IGLD vs. IAUI — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 20
IGLD Sharpe Ratio Rank: 21
IGLD Sortino Ratio Rank: 20
IGLD Omega Ratio Rank: 23
IGLD Calmar Ratio Rank: 19
IGLD Martin Ratio Rank: 20

IAUI

IAUI Risk / Return Rank: 20
IAUI Sharpe Ratio Rank: 21
IAUI Sortino Ratio Rank: 20
IAUI Omega Ratio Rank: 23
IAUI Calmar Ratio Rank: 18
IAUI Martin Ratio Rank: 20

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.

IGLD vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) and NEOS Gold High Income ETF (IAUI). 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.

	IGLD	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.74	-0.01
Sortino ratio: Return per unit of downside risk	1.08	1.08	0.00
Omega ratio: Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio: Return relative to maximum drawdown	0.80	0.77	+0.04
Martin ratio: Return relative to average drawdown	2.32	2.32	0.00

IGLD vs. IAUI - Sharpe Ratio Comparison

The current IGLD Sharpe Ratio is 0.72, which is comparable to the IAUI Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of IGLD and IAUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGLD vs. IAUI - Drawdown Comparison

The maximum IGLD drawdown since its inception was -21.90%, which is greater than IAUI's maximum drawdown of -20.43%. Use the drawdown chart below to compare losses from any high point for IGLD and IAUI.

Drawdown Indicators

	IGLD	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-20.43%	-1.47%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-20.43%	-1.47%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	—	—
Current Drawdown Current decline from peak	-19.63%	-18.21%	-1.42%
Average Drawdown Average peak-to-trough decline	-5.35%	-4.07%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.56%	6.75%	+0.81%

Volatility

IGLD vs. IAUI - Volatility Comparison

FT Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 7.99% compared to NEOS Gold High Income ETF (IAUI) at 7.56%. This indicates that IGLD's price experiences larger fluctuations and is considered to be riskier than IAUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGLD	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	7.56%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	22.26%	19.70%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	21.34%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	20.98%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	20.98%	-5.70%

IGLD vs. IAUI - Expense Ratio Comparison

IGLD has a 0.85% expense ratio, which is higher than IAUI's 0.78% expense ratio.

Dividends

IGLD vs. IAUI - Dividend Comparison

IGLD's dividend yield for the trailing twelve months is around 18.91%, more than IAUI's 14.48% yield.

Position	TTM	2025	2024	2023	2022	2021
IAUI NEOS Gold High Income ETF	14.48%	6.88%	0.00%	0.00%	0.00%	0.00%
IGLD FT Vest Gold Strategy Target Income ETF	18.91%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both IGLD and IAUI in my portfolio?

With a correlation of 0.93, IGLD and IAUI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IGLD or IAUI?

IGLD has higher volatility (7.99%) compared to IAUI (7.56%). In terms of maximum drawdown, IGLD dropped -21.90% vs IAUI's -20.43%.

Which ETF is better, IGLD or IAUI?

On 1-year performance, IGLD leads with 17.49% vs 15.59% for IAUI. On fees, IAUI is cheaper at 0.78% per year. On volatility, IAUI has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGLD or IAUI?

Over the 1-year period, IGLD has performed better with a 17.49% return vs 15.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGLD or IAUI?

IAUI is cheaper with a 0.78% expense ratio, compared with 0.85% for IGLD.

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

IGLD has the higher dividend yield at 18.91%, compared with 14.48% for IAUI.

What is the main difference between IGLD and IAUI?

IGLD is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: First Trust and Neos. Their fees differ too: 0.85% for IGLD and 0.78% for IAUI.

Which has better risk-adjusted returns?

IAUI currently has the higher Sharpe Ratio (0.74 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.