Data as of .
IAUI vs NUGY: which paid, and which earned it?
IAUI and NUGY both write options for income.
What they hold in common
By the books each fund has filed, IAUI and NUGY hold 0% of their money in the same securities at the same weight.
| Only in IAUI | Only in NUGY |
|---|---|
| United States Treasury Bill 09/24/2026 73.35% | Treasury Bill 95.75% |
| Goldman Sachs Physical Gold ETF 19.35% | Treasury Bill 4.25% |
| 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 | |||
|---|---|---|---|---|---|---|
| IAUI | NUGY | IAUI | NUGY | IAUI | NUGY | |
| 3 months | +2.6% | −2.3% | 3.0% | 14.3% | −1.0 pts | −18.0 pts |
| 6 months | −1.4% | −0.5% | 5.8% | 31.6% | +1.6 pts | −19.7 pts |
| 1 year | +11.9% | not published | 14.1% | not published | −7.7 pts | not published |
| Since launch | +19.7% | −3.1% | 17.7% | 52.9% | −10.0 pts | −30.3 pts |
| IAUI NEOS Gold High Income ETF Option income on GLD, paying monthly | NUGY GraniteShares YieldBOOST Gold Miners ETF Synthetic covered call on GDX, paying weekly | |
|---|---|---|
| Issuer | NEOS | GraniteShares |
| Strategy | option income | synthetic covered call |
| Benchmark | Gold (GLD) | Gold miners (GDX) |
| Pays | monthly | weekly |
| Payout rate, annualized | 11.9% | 58.4% |
| Expense ratio | 0.79% | 1.07% |
| Cash paid, 1 year | 14.1% | 52.9% (since launch on Nov 18, 2025) |
| Price change, 1 year | −2.0% | −52.4% |
| Total return, 1 year | +11.9% | −3.1% (since launch on Nov 18, 2025) |
| Benchmark return, 1 year | +19.5% | +27.1% |
| Ahead or behind | −7.7 pts | −30.3 pts |
| Return of capital, latest estimate | 84% | 96% |
| Age | 470 days | 304 days |
| Net assets | $635m | $6m |
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).
NUGY in plain words
Over the period since launch on Nov 18, 2025 to Sep 18, 2026, NUGY paid 52.9% of its starting value in cash distributions while its price fell 52.4%. With every distribution reinvested, the fund returned −3.1%. Gold miners (GDX) returned +27.1% over the same days, so a holder was behind by 30.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 58.4%, paid weekly. GraniteShares estimates that 96% of the distribution paid Aug 25, 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 NUGY?
- IAUI charges 0.79% a year and NUGY charges 1.07%, 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 NUGY, data as of Sep 18, 2026. https://etfiq.com/compare/income/iaui-vs-nugy Free to use with attribution; the underlying files are at Open data.