KGLD vs. IAUI

Last updated Jul 15, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and IAUI (NEOS Gold High Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, KGLD returned 19.85% vs 11.93% for IAUI. With a 0.96 correlation, they move nearly in lockstep. KGLD charges 1.00%/yr vs 0.78%/yr for IAUI.

Performance

KGLD vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) 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 stocks are quite close, with KGLD having a -6.60% return and IAUI slightly lower at -6.76%.

KGLD

• 1D: 1.39%
• 1M: -3.93%
• 6M: -12.52%
• YTD: -6.60%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: 1.16%
• 1M: -3.46%
• 6M: -11.16%
• YTD: -6.76%
• 1Y: 11.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KGLD vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	-6.60%	29.75%
IAUI NEOS Gold High Income ETF	-6.76%	20.38%

Correlation

The correlation between KGLD and IAUI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.96

The correlation between KGLD and IAUI has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

KGLD vs. IAUI — Risk / Return Rank

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

KGLD

KGLD Risk / Return Rank: 22
KGLD Sharpe Ratio Rank: 24
KGLD Sortino Ratio Rank: 22
KGLD Omega Ratio Rank: 26
KGLD Calmar Ratio Rank: 20
KGLD Martin Ratio Rank: 19

IAUI

IAUI Risk / Return Rank: 19
IAUI Sharpe Ratio Rank: 20
IAUI Sortino Ratio Rank: 19
IAUI Omega Ratio Rank: 21
IAUI Calmar Ratio Rank: 17
IAUI Martin Ratio Rank: 18

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.

KGLD vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

	KGLD	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.55	+0.14
Sortino ratio: Return per unit of downside risk	1.04	0.85	+0.19
Omega ratio: Gain probability vs. loss probability	1.15	1.12	+0.03
Calmar ratio: Return relative to maximum drawdown	0.71	0.53	+0.18
Martin ratio: Return relative to average drawdown	1.70	1.41	+0.29

KGLD vs. IAUI - Sharpe Ratio Comparison

The current KGLD Sharpe Ratio is 0.69, which is comparable to the IAUI Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of KGLD 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

KGLD vs. IAUI - Drawdown Comparison

The maximum KGLD drawdown since its inception was -28.07%, which is greater than IAUI's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for KGLD and IAUI.

Drawdown Indicators

	KGLD	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-28.07%	-22.50%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-28.07%	-22.50%	-5.57%
Current Drawdown Current decline from peak	-26.90%	-20.92%	-5.98%
Average Drawdown Average peak-to-trough decline	-8.06%	-4.98%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	8.45%	+3.24%

Volatility

KGLD vs. IAUI - Volatility Comparison

Kurv Gold Enhanced Income ETF (KGLD) and NEOS Gold High Income ETF (IAUI) have volatilities of 7.04% and 6.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KGLD	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	6.71%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	25.13%	19.97%	+5.16%
Volatility (1Y) Calculated over the trailing 1-year period	28.97%	21.82%	+7.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.75%	21.09%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	21.09%	+7.66%

KGLD vs. IAUI - Expense Ratio Comparison

KGLD has a 1.00% expense ratio, which is higher than IAUI's 0.78% expense ratio.

Dividends

KGLD vs. IAUI - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 15.45%, more than IAUI's 13.91% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	13.91%	6.88%
KGLD Kurv Gold Enhanced Income ETF	15.45%	4.59%

Frequently Asked Questions

Can I hold both KGLD and IAUI in my portfolio?

With a correlation of 0.96, KGLD 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, KGLD or IAUI?

KGLD has higher volatility (7.04%) compared to IAUI (6.71%). In terms of maximum drawdown, KGLD dropped -28.07% vs IAUI's -22.50%.

Which ETF is better, KGLD or IAUI?

On 1-year performance, KGLD leads with 19.85% vs 11.93% for IAUI. On fees, IAUI is cheaper at 0.78% per year. On volatility, IAUI has been the lower-risk option at 6.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KGLD or IAUI?

Over the 1-year period, KGLD has performed better with a 19.85% return vs 11.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KGLD or IAUI?

IAUI is cheaper with a 0.78% expense ratio, compared with 1.00% for KGLD.

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

KGLD has the higher dividend yield at 15.45%, compared with 13.91% for IAUI.

What is the main difference between KGLD and IAUI?

They also come from different issuers: Kurv and Neos. Their fees differ too: 1.00% for KGLD and 0.78% for IAUI.

Which has better risk-adjusted returns?

KGLD currently has the higher Sharpe Ratio (0.69 vs 0.55), 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.