PLTM vs. IAUI

Last updated Jun 24, 2026

PLTM (GraniteShares Platinum Trust) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt), while IAUI is a Derivative Income fund actively managed by Neos. PLTM is passively managed, while IAUI is actively managed. Over the past year, PLTM returned 27.29% vs 12.83% for IAUI. A 0.63 correlation means they provide meaningful diversification when combined. PLTM charges 0.50%/yr vs 0.78%/yr for IAUI.

Performance

PLTM vs. IAUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Platinum Trust (PLTM) 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, PLTM achieves a -19.61% return, which is significantly lower than IAUI's -5.63% return.

PLTM

• 1D: -1.49%
• 1M: -14.13%
• YTD: -19.61%
• 6M: -27.97%
• 1Y: 27.29%
• 3Y*: 21.01%
• 5Y*: 7.99%
• 10Y*: —

IAUI

• 1D: -2.15%
• 1M: -8.06%
• YTD: -5.63%
• 6M: -8.22%
• 1Y: 12.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTM vs. IAUI - Yearly Performance Comparison

	2026 (YTD)	2025
PLTM GraniteShares Platinum Trust	-19.61%	86.31%
IAUI NEOS Gold High Income ETF	-5.63%	20.00%

Correlation

The correlation between PLTM and IAUI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.63

The correlation between PLTM and IAUI has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

PLTM vs. IAUI — Risk / Return Rank

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

PLTM

PLTM Risk / Return Rank: 18
PLTM Sharpe Ratio Rank: 17
PLTM Sortino Ratio Rank: 19
PLTM Omega Ratio Rank: 20
PLTM Calmar Ratio Rank: 17
PLTM Martin Ratio Rank: 16

IAUI

IAUI Risk / Return Rank: 18
IAUI Sharpe Ratio Rank: 19
IAUI Sortino Ratio Rank: 17
IAUI Omega Ratio Rank: 20
IAUI Calmar Ratio Rank: 16
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.

PLTM vs. IAUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Platinum Trust (PLTM) 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.

	PLTM	IAUI	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.60	-0.07
Sortino ratio: Return per unit of downside risk	0.99	0.91	+0.07
Omega ratio: Gain probability vs. loss probability	1.14	1.13	+0.01
Calmar ratio: Return relative to maximum drawdown	0.67	0.63	+0.04
Martin ratio: Return relative to average drawdown	1.49	1.87	-0.38

PLTM vs. IAUI - Sharpe Ratio Comparison

The current PLTM Sharpe Ratio is 0.53, which is comparable to the IAUI Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of PLTM 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

PLTM vs. IAUI - Drawdown Comparison

The maximum PLTM drawdown since its inception was -42.32%, which is greater than IAUI's maximum drawdown of -20.43%. Use the drawdown chart below to compare losses from any high point for PLTM and IAUI.

Drawdown Indicators

	PLTM	IAUI	Difference
Max Drawdown Largest peak-to-trough decline	-42.32%	-20.43%	-21.89%
Max Drawdown (1Y) Largest decline over 1 year	-40.62%	-20.43%	-20.19%
Max Drawdown (3Y) Largest decline over 3 years	-40.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.62%	—	—
Current Drawdown Current decline from peak	-40.62%	-19.97%	-20.65%
Average Drawdown Average peak-to-trough decline	-18.66%	-4.13%	-14.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.37%	6.86%	+11.51%

Volatility

PLTM vs. IAUI - Volatility Comparison

GraniteShares Platinum Trust (PLTM) has a higher volatility of 11.52% compared to NEOS Gold High Income ETF (IAUI) at 7.78%. This indicates that PLTM'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

	PLTM	IAUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.52%	7.78%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	46.02%	19.82%	+26.20%
Volatility (1Y) Calculated over the trailing 1-year period	51.35%	21.42%	+29.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.99%	21.06%	+11.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.10%	21.06%	+10.04%

PLTM vs. IAUI - Expense Ratio Comparison

PLTM has a 0.50% expense ratio, which is lower than IAUI's 0.78% expense ratio.

Dividends

PLTM vs. IAUI - Dividend Comparison

PLTM has not paid dividends to shareholders, while IAUI's dividend yield for the trailing twelve months is around 14.80%.

Position	TTM	2025
IAUI NEOS Gold High Income ETF	14.80%	6.88%
PLTM GraniteShares Platinum Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTM and IAUI in my portfolio?

PLTM and IAUI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTM or IAUI?

PLTM has higher volatility (11.52%) compared to IAUI (7.78%). In terms of maximum drawdown, PLTM dropped -42.32% vs IAUI's -20.43%.

Which ETF is better, PLTM or IAUI?

On 1-year performance, PLTM leads with 27.29% vs 12.83% for IAUI. On fees, PLTM is cheaper at 0.50% per year. On volatility, IAUI has been the lower-risk option at 7.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTM or IAUI?

Over the 1-year period, PLTM has performed better with a 27.29% return vs 12.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTM or IAUI?

PLTM is cheaper with a 0.50% expense ratio, compared with 0.78% for IAUI.

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

IAUI has the higher dividend yield at 14.80%, compared with 0.00% for PLTM.

What is the main difference between PLTM and IAUI?

PLTM is categorized as Precious Metals, while IAUI is Derivative Income. They also come from different issuers: GraniteShares and Neos. Their fees differ too: 0.50% for PLTM and 0.78% for IAUI.

Which has better risk-adjusted returns?

IAUI currently has the higher Sharpe Ratio (0.60 vs 0.53), 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.