IAUI vs IGLD: Grades, Fees and Holdings Compared

NEOS Gold High Income ETF

IAUIACboe

FT Vest Gold Strategy Target Income ETF

IGLDACboe

Overlap

0.0%by weight

Expense ratio

IAUI −0.06pt a year

IAUI0.79%IGLD0.85%

Avg volume · 30D

IGLD 1.7×the volume

IAUI228KIGLD383K

IAUI vs IGLD Performance

Oct 31, 2025 – Oct 30, 2026

−5.0%IAUI−5.2%IGLD

Expense ratio: IAUI 0.79%, better; IGLD 0.85%
Fund size: IAUI $624M; IGLD $554M
1Y total return: IAUI −5.0%, better; IGLD −5.2%
Yield (12M): IAUI 14.79%; IGLD 26.34%, better
Holdings: IAUI 4; IGLD 4
Avg volume (30D): IAUI 228K sh; IGLD 383K sh, better
NAV per share: IAUI $44.97; IGLD $18.89
52W range

ETF.net Grade

Pillar letters and Scores for IAUI, IGLD, with each pillar’s weight
Pillar	IAUI	IGLD
Cost30% weight	A79Higher	B66
Mission25% weight	Not scored	B69
Risk15% weight	A70Higher	B65
Tradability15% weight	A94Higher	A78
Holdings10% weight	D25	Not scored
Durability5% weight	A78	A95Higher

Rank among Gold & Metals Option Income funds

How we build Categories ›

Same Category. IAUI and IGLD are both graded against the same 12 Gold & Metals Option Income funds, so their Grades compare head to head.

Gold & Metals Option Income⁠

Category · 12 funds

See all 12 ›

IAUI ranks 1st and IGLD 2nd of 12 funds in the Gold & Metals Option Income Category.

Rank 1AIAUINEOS Gold High Income ETFScore 72
Rank 2AIGLDFT Vest Gold Strategy Target Income ETFScore 70
Rank 3BSLJYAmplify SILJ Covered Call ETFScore 66

Our read on each fund

ETF.net Research

IAUIANEOS Gold High Income ETF

IGLDAFT Vest Gold Strategy Target Income ETF

In short

IAUI Gold pays no dividend. IAUI's whole job is to change that: exposure to gold ETPs wrapped in a strategy seeking high monthly income, at 0.79% a year.

IGLD Gold that pays you monthly. IGLD holds Treasuries plus options tied to the SPDR Gold Trust, chasing bullion's price moves while selling calls to fund a monthly distribution. Running since 2021.

Stated mandate

IAUI The Fund seeks high monthly income and potential appreciation through exposure to exchange-traded products that directly expose investors to gold.

IGLD The fund seeks participation in the price returns of SPDR Gold Trust while providing consistent income. It invests mainly in U.S. Treasury securities and a subsidiary holding exchange-traded options referencing that gold ETF.

Why people hold it

IAUI Gold on its own throws off no cash. This fund seeks high monthly income from gold ETP exposure and distributes on a monthly cadence.neosfunds.com
0.79% a year, under the 0.99% median for its gold options-income cohort and below the miner-based route (GDXY at 1.00%, IGLD at 0.85%).
The metal, not the miners: exposure runs through gold ETPs, so mine costs, labor strikes and company-level missteps stay out of the picture.neosfunds.com
Sits among the strongest overall implementations in its gold-income peer group, and it changes hands with respectable volume for such a narrow niche.

IGLD An early mover in gold options-income. Launched in 2021, it has run its call-selling engine through real gold cycles, not a backtest.ftportfolios.com
0.85% a year undercuts the typical fee in the gold options-income crowd.
Plain plumbing: Treasuries as collateral, a subsidiary holding the gold options, all inside a standard 1940 Act fund. No K-1 partnership paperwork.ftportfolios.com
Distributions land monthly, and the fund sits among the stronger builds in its peer group for doing what its documents say.

Worth knowing

IAUI One commodity, one story. No earnings or dividends sit underneath; the position lives and dies by the gold price.
Distributions can include return of capital, which means part of a payout may be your own money handed back rather than income earned.neosfunds.com
Launched in 2025, so the track record is short and any read on its risk profile rests on limited history.

IGLD No bars in a vault here. Exposure comes from options referencing a gold ETF, and the calls sold to fund income trim how much of a gold rally you keep.ftportfolios.com
Part of a payout can be return of capital, which is your own money coming back and lowers your cost basis.ftportfolios.com
Not the cheapest seat in the room: YGLD charges 0.53% for its own gold-plus-income spin.

Full IAUI profile⁠

Full IGLD profile⁠

IAUI vs IGLD Holdings

How IAUI and IGLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IAUI and 0.0% of IGLD.

Level by level

Holdings0 in both0.0%

Sector

No Sector split for IAUI and IGLD.

Country, concentration and asset class

Country by domicile

No country split for IAUI and IGLD.

Concentration

Weight in the 10 largest Holdings

IAUI107.2%
IGLD489.2%

Securities held

IAUI4
IGLD3

Asset class

IAUI: Commodities
IGLD: Multi-Asset

Holdings

Only in IAUI4
In both0
Only in IGLD3

Only in IAUI

4 securities, 100% of IAUI by weight

United States Treasury Bill 12/17/202685.53%
Goldman Sachs Physical Gold ETF18.95%
Gld 01/15/2027 380 C1.56%
Cash & Other1.17%

Only in IGLD

3 securities, 100% of IGLD by weight

2026-11-30 S&P 500® Index - Price Return P 30,890.40487.63%
2026-11-30 SPDR® Gold Trust C 581.82<0.01%
2026-11-30 S&P 500® Index - Price Return C 23,167.80<0.01%

Weight gaps

IAUI and IGLD share no securities.

All IAUI holdings⁠All 7 IGLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IAUI vs IGLD Cost

Overpaying IGLD vs IAUI

$1,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IAUI 0.79%
$15,174
IGLD 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

IAUI 0.79%
IGLD 0.85%
Overpaying

Year by year

Year	IAUI	IGLD	Overpaying
10	$1,405	$1,508	$103
20	$5,331	$5,706	$375
30	$15,174	$16,199	$1,025

Expense ratio

0.79%IAUI, cheaper
0.85%IGLD

IAUI0.79%IGLD0.85%

0.54%1.18%

Middle half of Gold & Metals Option Income funds
Median 0.95%

IAUI 3rd cheapest of 12 funds

IGLD 4th cheapest of 12 funds

IAUI vs IGLD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IAUI 14.79%; IGLD 26.34%, better
Payout (12M): IAUI $6.65; IGLD $4.98
Last payment: IAUI $0.48; IGLD $0.12
Ex-dividend: IAUI Oct 21, 2026; IGLD Oct 1, 2026
Paid on: IAUI Oct 23, 2026; IGLD Oct 2, 2026
Frequency: IAUI Monthly; IGLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IAUIMonthly · 17 paymentsAll IAUI payments⁠

IGLDMonthly · 46 paymentsAll IGLD payments⁠

IAUI vs IGLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IAUI 21.1%since Jul 2025IGLD 15.8%
Return per unit of riskSharpe ratio, 3 years: IAUI 0.20since Jul 2025IGLD 0.83
Worst fallMax drawdown, 5 years: IAUI −24.5%since Jun 2025IGLD −26.0%
Market sensitivityBeta, 5 years: IAUI 0.48IGLD 0.20; Market = 1

IAUI and IGLD in the news

All news⁠

ETF Filings
Fidelity files for a gold version of its call-writing fund
Sep 28, 2026IAUIIGLD
Best ETFs
The gold fund to hold charges 0.10%, not 0.40%
Updated Oct 2, 2026IAUI
New ETFs
Beacon's alternatives ETF opened 35% in the dollar, at a fee above every holding
Sep 9, 2026IGLD
Deep Dive
Gold is 20% off its high as industrial miners gain 27.8% in 2026
Sep 5, 2026IAUI

Popular comparisons

IAUIAvsSLJYB
NEOS Gold High Income ETF · Amplify SILJ Covered Call ETF
Expense ratio
0.79% · 0.76%
Category
IGLDAvsSLJYB
FT Vest Gold Strategy Target Income ETF · Amplify SILJ Covered Call ETF
Expense ratio
0.85% · 0.76%
Category
IAUIAvsKGLDC
NEOS Gold High Income ETF · Kurv Gold Enhanced Income ETF
Expense ratio
0.79% · 0.99%
Category
IGLDAvsKGLDC
FT Vest Gold Strategy Target Income ETF · Kurv Gold Enhanced Income ETF
Expense ratio
0.85% · 0.99%
Category
IAUIAvsYGLDC
NEOS Gold High Income ETF · Simplify Gold Strategy PLUS Income ETF
Expense ratio
0.79% · 0.54%
Category
IGLDAvsYGLDC
FT Vest Gold Strategy Target Income ETF · Simplify Gold Strategy PLUS Income ETF
Expense ratio
0.85% · 0.54%
Category

IAUI vs IGLD

In short

Stated mandate

Why people hold it