NLSI vs. IAUI

Last updated Apr 1, 2026

Compare and contrast key facts about Neos Long/Short Equity Income ETF (NLSI) and NEOS Gold High Income ETF (IAUI).

NLSI and IAUI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NLSI is an actively managed fund by Neos. It was launched on Dec 9, 2025. IAUI is an actively managed fund by Neos. It was launched on Jun 4, 2025.

Performance

NLSI vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neos Long/Short Equity Income ETF (NLSI) and NEOS Gold High Income ETF (IAUI). The values are adjusted to include any dividend payments, if applicable.

NLSI vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
NLSI Neos Long/Short Equity Income ETF	-9.90%	1.90%
IAUI NEOS Gold High Income ETF	4.93%	1.75%

Returns By Period

In the year-to-date period, NLSI achieves a -9.90% return, which is significantly lower than IAUI's 4.93% return.

NLSI

• 1D: 0.93%
• 1M: -2.48%
• YTD: -9.90%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUI

• 1D: 3.78%
• 1M: -10.02%
• YTD: 4.93%
• 6M: 15.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NLSI vs. IAUI - Expense Ratio Comparison

NLSI has a 2.89% expense ratio, which is higher than IAUI's 0.78% expense ratio.

NLSI

Neos Long/Short Equity Income ETF

IAUI

NEOS Gold High Income ETF

Return for Risk

NLSI vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) 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

	NLSI	IAUI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.33	1.62	-2.94

Correlation

The correlation between NLSI and IAUI is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NLSI vs. IAUI - Dividend Comparison

NLSI's dividend yield for the trailing twelve months is around 1.90%, less than IAUI's 10.00% yield.

	TTM	2025
NLSI Neos Long/Short Equity Income ETF	1.90%	0.46%
IAUI NEOS Gold High Income ETF	10.00%	6.88%

Drawdowns

NLSI vs. IAUI - Drawdown Comparison

The maximum NLSI drawdown since its inception was -13.19%, smaller than the maximum IAUI drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for NLSI and IAUI.

Drawdown Indicators

	NLSI	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-13.19%	-16.88%	+3.69%
Current Drawdown Current decline from peak	-11.22%	-11.01%	-0.21%
Average Drawdown Average peak-to-trough decline	-6.27%	-1.85%	-4.42%

Volatility

Volatility by Period

	NLSI	IAUI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.93%	20.78%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	20.78%	-1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	20.78%	-1.85%