KGLD vs. IAUI

Last updated Jun 4, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and IAUI (NEOS Gold High Income ETF) are both Derivative Income funds. Both are actively managed. 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

In the year-to-date period, KGLD achieves a 2.99% return, which is significantly higher than IAUI's 1.64% return.

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: -0.88%
• 1M: -1.01%
• YTD: 1.64%
• 6M: 4.00%
• 1Y: —
• 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	2.99%	29.75%
IAUI NEOS Gold High Income ETF	1.64%	21.23%

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 (All Time) Calculated using the full available price history since Jul 9, 2025	0.96

Return for Risk

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.

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

Sharpe Ratios by Period

	KGLD	IAUI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.13	+0.19

Drawdowns

KGLD vs. IAUI - Drawdown Comparison

The maximum KGLD drawdown since its inception was -20.29%, which is greater than IAUI's maximum drawdown of -16.88%. 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	-20.29%	-16.88%	-3.41%
Current Drawdown Current decline from peak	-19.40%	-13.80%	-5.60%
Average Drawdown Average peak-to-trough decline	-6.10%	-3.45%	-2.65%

Volatility

Volatility by Period

	KGLD	IAUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.72%	20.31%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	20.31%	+8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	20.31%	+8.41%

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 12.64%, which matches IAUI's 12.65% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	12.65%	6.88%
KGLD Kurv Gold Enhanced Income ETF	12.64%	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 ETF is better, KGLD or IAUI?

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.

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 and IAUI have nearly identical dividend yields, around 12.64%.

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.