NIHI vs. IAUI

Last updated Jun 5, 2026

NIHI (NEOS MSCI EAFE High Income ETF) and IAUI (NEOS Gold High Income ETF) are both Derivative Income funds from Neos. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. NIHI charges 0.68%/yr vs 0.78%/yr for IAUI.

Performance

NIHI vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MSCI EAFE High Income ETF (NIHI) 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, NIHI achieves a 6.43% return, which is significantly higher than IAUI's 2.26% return.

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: 0.61%
• 1M: -1.21%
• YTD: 2.26%
• 6M: 4.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIHI vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
NIHI NEOS MSCI EAFE High Income ETF	6.43%	5.33%
IAUI NEOS Gold High Income ETF	2.26%	12.43%

Correlation

The correlation between NIHI and IAUI is 0.41, 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 Sep 18, 2025	0.41

Return for Risk

NIHI vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) 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

	NIHI	IAUI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.16	0.00

Drawdowns

NIHI vs. IAUI - Drawdown Comparison

The maximum NIHI drawdown since its inception was -10.88%, smaller than the maximum IAUI drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for NIHI and IAUI.

Drawdown Indicators

	NIHI	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-10.88%	-16.88%	+6.00%
Current Drawdown Current decline from peak	-0.59%	-13.27%	+12.68%
Average Drawdown Average peak-to-trough decline	-2.37%	-3.49%	+1.12%

Volatility

Volatility by Period

	NIHI	IAUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	20.28%	-5.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	20.28%	-5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	20.28%	-5.20%

NIHI vs. IAUI - Expense Ratio Comparison

NIHI has a 0.68% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

NIHI vs. IAUI - Dividend Comparison

NIHI's dividend yield for the trailing twelve months is around 7.79%, less than IAUI's 12.58% yield.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	12.58%	6.88%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%

Frequently Asked Questions

Can I hold both NIHI and IAUI in my portfolio?

NIHI and IAUI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NIHI or IAUI?

On fees, NIHI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NIHI or IAUI?

NIHI is cheaper with a 0.68% expense ratio, compared with 0.78% for IAUI.

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

IAUI has the higher dividend yield at 12.58%, compared with 7.79% for NIHI.

What is the main difference between NIHI and IAUI?

Their fees differ too: 0.68% for NIHI and 0.78% for IAUI.