Data as of .
GLDW vs IAUI: which paid, and which earned it?
GLDW and IAUI both write options for income.
What they hold in common
By the books each fund has filed, GLDW and IAUI hold 0% of their money in the same securities at the same weight.
| Only in GLDW | Only in IAUI |
|---|---|
| TREASURY BILL 100.00% | United States Treasury Bill 09/24/2026 73.35% |
| Goldman Sachs Physical Gold ETF 19.35% | |
| GLD 10/16/2026 370 C 6.89% | |
| United States Treasury Bill 12/17/2026 1.00% | |
| GLD 10/16/2026 428 C -0.13% | |
| GLD 10/16/2026 370 P -0.21% | |
| GLD 10/16/2026 418 C -0.24% |
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 Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GLDW | IAUI | GLDW | IAUI | GLDW | IAUI | |
| 3 months | +3.3% | +2.6% | 6.5% | 3.0% | −0.3 pts | −1.0 pts |
| 6 months | −5.5% | −1.4% | 12.4% | 5.8% | −2.6 pts | +1.6 pts |
| 1 year | not published | +11.9% | not published | 14.1% | not published | −7.7 pts |
| Since launch | +5.2% | +19.7% | 24.3% | 17.7% | −3.2 pts | −10.0 pts |
| GLDW Roundhill Gold WeeklyPay ETF Option income on GLD, paying weekly | IAUI NEOS Gold High Income ETF Option income on GLD, paying monthly | |
|---|---|---|
| Issuer | Roundhill | NEOS |
| Strategy | option income | option income |
| Benchmark | Gold (GLD) | Gold (GLD) |
| Pays | weekly | monthly |
| Payout rate, annualized | 28.4% | 11.9% |
| Expense ratio | 0.99% | 0.79% |
| Cash paid, 1 year | 24.3% (since launch on Oct 30, 2025) | 14.1% |
| Price change, 1 year | −17.4% | −2.0% |
| Total return, 1 year | +5.2% (since launch on Oct 30, 2025) | +11.9% |
| Benchmark return, 1 year | +8.4% | +19.5% |
| Ahead or behind | −3.2 pts | −7.7 pts |
| Return of capital, latest estimate | not published | 84% |
| Age | 323 days | 470 days |
| Net assets | $20m | $635m |
GLDW in plain words
Over the period since launch on Oct 30, 2025 to Sep 18, 2026, GLDW paid 24.3% of its starting value in cash distributions while its price fell 17.4%. With every distribution reinvested, the fund returned +5.2%. Gold (GLD) returned +8.4% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 28.4%, 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, GLDW or IAUI?
- GLDW charges 0.99% 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, GLDW against IAUI, data as of Sep 18, 2026. https://etfiq.com/compare/income/gldw-vs-iaui Free to use with attribution; the underlying files are at Open data.