Data as of .
GLDN vs IAUI: which paid, and which earned it?
GLDN and IAUI both write options for income.
What they hold in common
By the books each fund has filed, GLDN and IAUI hold 0% of their money in the same securities at the same weight.
| Only in GLDN | Only in IAUI |
|---|---|
| SPDR Gold MiniShares Trust 30.40% | United States Treasury Bill 77.67% |
| SSR Mining Inc 7.03% | Goldman Sachs Physical Gold ET 21.89% |
| Franco-Nevada Corp 5.93% | United States Treasury Bill 0.43% |
| Newmont Corp 5.81% | |
| Kinross Gold Corp 5.80% | |
| Agnico Eagle Mines Ltd 5.66% | |
| Anglogold Ashanti Plc 5.66% | |
| Barrick Mining Corp 5.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GLDN | IAUI | GLDN | IAUI | GLDN | IAUI | |
| 3 months | +11.4% | +2.6% | 3.7% | 3.0% | +7.8 pts | −1.0 pts |
| 6 months | +9.4% | −1.4% | 7.5% | 5.8% | +12.3 pts | +1.6 pts |
| 1 year | not published | +11.9% | not published | 14.1% | not published | −7.7 pts |
| Since launch | −10.6% | +19.7% | 6.7% | 17.7% | +1.9 pts | −10.0 pts |
| GLDN Nicholas Gold Income ETF Option income on GLD, paying weekly | IAUI NEOS Gold High Income ETF Option income on GLD, paying monthly | |
|---|---|---|
| Issuer | Nicholas | NEOS |
| Strategy | option income | option income |
| Benchmark | Gold (GLD) | Gold (GLD) |
| Pays | weekly | monthly |
| Payout rate, annualized | 15.4% | 11.9% |
| Expense ratio | 1.07% | 0.79% |
| Cash paid, 1 year | 6.7% (since launch on Feb 18, 2026) | 14.1% |
| Price change, 1 year | −17.5% | −2.0% |
| Total return, 1 year | −10.6% (since launch on Feb 18, 2026) | +11.9% |
| Benchmark return, 1 year | −12.5% | +19.5% |
| Ahead or behind | +1.9 pts | −7.7 pts |
| Return of capital, latest estimate | not published | 84% |
| Age | 212 days | 470 days |
| Net assets | $3m | $635m |
GLDN in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, GLDN paid 6.7% of its starting value in cash distributions while its price fell 17.5%. With every distribution reinvested, the fund returned −10.6%. Gold (GLD) returned −12.5% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.4%, paid weekly.
IAUI in plain words
Over the year to Sep 18, 2026, IAUI paid 14.1% of its starting value in cash distributions while its price fell 2.0%. With every distribution reinvested, the fund returned +11.9%. Gold (GLD) returned +19.5% over the same days, so a holder was behind by 7.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.9%, paid monthly. NEOS estimates that 84% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, GLDN or IAUI?
- GLDN charges 1.07% a year and IAUI charges 0.79%, so IAUI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GLDN against IAUI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gldn-vs-iaui Free to use with attribution; the underlying files are at Open data.