Data as of .
IAUI vs SLVX: which paid, and which earned it?
IAUI and SLVX both write options for income.
What they hold in common
By the books each fund has filed, IAUI and SLVX hold 0% of their money in the same securities at the same weight.
| Only in IAUI | Only in SLVX |
|---|---|
| United States Treasury Bill 77.67% | Sprott Physical Silver Trust 17.39% |
| Goldman Sachs Physical Gold ET 21.89% | Pan American Silver Corp 8.13% |
| United States Treasury Bill 0.43% | Wheaton Precious Metals Corp 8.10% |
| Silvercorp Metals Inc 8.03% | |
| First Majestic Silver Corp 7.94% | |
| SSR Mining Inc 7.63% | |
| Hycroft Mining Holding Corp 7.40% | |
| Fortuna Mining Corp 6.51% |
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 | |||
|---|---|---|---|---|---|---|
| IAUI | SLVX | IAUI | SLVX | IAUI | SLVX | |
| 3 months | +2.6% | +4.4% | 3.0% | 5.6% | −1.0 pts | +3.7 pts |
| 6 months | −1.4% | +3.3% | 5.8% | 11.8% | +1.6 pts | +5.9 pts |
| 1 year | +11.9% | not published | 14.1% | not published | −7.7 pts | not published |
| Since launch | +19.7% | −15.5% | 17.7% | 10.6% | −10.0 pts | −1.0 pts |
| IAUI NEOS Gold High Income ETF Option income on GLD, paying monthly | SLVX Nicholas Silver Income ETF Option income on SLV, paying weekly | |
|---|---|---|
| Issuer | NEOS | Nicholas |
| Strategy | option income | option income |
| Benchmark | Gold (GLD) | Silver (SLV) |
| Pays | monthly | weekly |
| Payout rate, annualized | 11.9% | 25.2% |
| Expense ratio | 0.79% | 1.16% |
| Cash paid, 1 year | 14.1% | 10.6% (since launch on Feb 18, 2026) |
| Price change, 1 year | −2.0% | −25.9% |
| Total return, 1 year | +11.9% | −15.5% (since launch on Feb 18, 2026) |
| Benchmark return, 1 year | +19.5% | −14.5% |
| Ahead or behind | −7.7 pts | −1.0 pts |
| Return of capital, latest estimate | 84% | not published |
| Age | 470 days | 212 days |
| Net assets | $635m | $2m |
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).
SLVX in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, SLVX paid 10.6% of its starting value in cash distributions while its price fell 25.9%. With every distribution reinvested, the fund returned −15.5%. Silver (SLV) returned −14.5% over the same days, so a holder was behind by 1.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 25.2%, paid weekly.
Questions people ask
- Which is cheaper, IAUI or SLVX?
- IAUI charges 0.79% a year and SLVX charges 1.16%, 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 SLVX, data as of Sep 18, 2026. https://etfiq.com/compare/income/iaui-vs-slvx Free to use with attribution; the underlying files are at Open data.