Data as of .
IAUI vs KSLV: which paid, and which earned it?
IAUI and KSLV both write options for income.
What they hold in common
By the books each fund has filed, IAUI and KSLV hold 0% of their money in the same securities at the same weight.
| Only in IAUI | Only in KSLV |
|---|---|
| United States Treasury Bill 09/24/2026 73.35% | TREASURY BILL 43.78% |
| Goldman Sachs Physical Gold ETF 19.35% | TREASURY BILL 28.36% |
| GLD 10/16/2026 370 C 6.89% | TREASURY BILL 27.87% |
| 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 May 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| IAUI | KSLV | IAUI | KSLV | IAUI | KSLV | |
| 3 months | +2.6% | 0.0% | 3.0% | 6.4% | −1.0 pts | −0.7 pts |
| 6 months | −1.4% | −4.3% | 5.8% | 12.4% | +1.6 pts | −1.7 pts |
| 1 year | +11.9% | not published | 14.1% | not published | −7.7 pts | not published |
| Since launch | +19.7% | +34.9% | 17.7% | 30.9% | −10.0 pts | −6.6 pts |
| IAUI NEOS Gold High Income ETF Option income on GLD, paying monthly | KSLV Kurv Silver Enhanced Income ETF Covered call on SLV, paying monthly | |
|---|---|---|
| Issuer | NEOS | Kurv |
| Strategy | option income | covered call |
| Benchmark | Gold (GLD) | Silver (SLV) |
| Pays | monthly | monthly |
| Payout rate, annualized | 11.9% | 27.4% |
| Expense ratio | 0.79% | 1.00% |
| Cash paid, 1 year | 14.1% | 30.9% (since launch on Sep 30, 2025) |
| Price change, 1 year | −2.0% | +5.4% |
| Total return, 1 year | +11.9% | +34.9% (since launch on Sep 30, 2025) |
| Benchmark return, 1 year | +19.5% | +41.4% |
| Ahead or behind | −7.7 pts | −6.6 pts |
| Return of capital, latest estimate | 84% | 91% |
| Age | 470 days | 353 days |
| Net assets | $635m | $122m |
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).
KSLV in plain words
Over the period since launch on Sep 30, 2025 to Sep 18, 2026, KSLV paid 30.9% of its starting value in cash distributions while its price rose 5.4%. With every distribution reinvested, the fund returned +34.9%. Silver (SLV) returned +41.4% over the same days, so a holder was behind by 6.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 27.4%, paid monthly. Kurv estimates that 91% of the distribution paid Aug 20, 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, IAUI or KSLV?
- IAUI charges 0.79% a year and KSLV charges 1.00%, 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, IAUI against KSLV, data as of Sep 18, 2026. https://etfiq.com/compare/income/iaui-vs-kslv Free to use with attribution; the underlying files are at Open data.