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Alternatives

Best IAUI Alternatives in 2026

Gold income and bullion ETFs to consider alongside the NEOS Gold High Income ETF.

Data updated August 2026 · 8 ETFs

ETFs listed8
Avg yield8.50%
Avg expense ratio0.58%

Who this page is for

Best for

  • IAUI holders comparing similar funds, fees, payouts, and strategy design
  • Gold investors deciding how much metal upside to exchange for monthly income
  • Investors who will compare total return and NAV trend alongside distribution rate

Not a fit for

  • Investors expecting an option-income fund to track spot gold without an upside cap
  • Anyone treating a current distribution rate as guaranteed future income
  • Investors choosing from headline yield alone without reviewing the underlying exposure

Analysis

IAUI pairs gold exposure with a call-options strategy intended to produce monthly income. KGLD, GLDI, IGLD, YGLD, GLDX, GOLI, and GLDY use different gold vehicles and option rules, so their payouts and upside capture can diverge. GLD, IAU, and GLDM are useful bullion benchmarks because they seek gold-price exposure without an income overlay. The key choice is whether current cash flow compensates for fees, capped rallies, distribution composition, and possible tracking differences. Total return against a bullion fund helps reveal that trade-off.

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Top picks

Top 3 IAUI alternatives by assets under management.

Yield distribution

0-2%32-5%15-8%08-12%212%+2

Expense ratio distribution

0-0.20%10.20-0.50%30.50-0.75%10.75-1.00%11.00%+2

Income projection

Estimated income if the current average distribution rate of 8.50% held for a full year with share prices unchanged. Distribution rate is not total returnβ€”a fund can pay a large distribution while its share price fallsβ€”so treat these as an upper-bound illustration, not a forecast.

InvestmentAnnual incomeMonthly incomeWeekly income
$10,000$850$71$16
$25,000$2,125$177$41
$50,000$4,249$354$82
$100,000$8,499$708$163

Issuer breakdown

Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.

State Street2
iShares1
First Trust1
Kurv1
Simplify ETFs1
Defiance ETFs1
USCF Investments1

All 8 ETFs

Ticker Name Issuer Yield Expense ratio AUM Frequency
GLDSPDR Gold SharesState Streetβ€”0.40%$133.2BNone
IAUiShares Gold TrustiSharesβ€”0.25%$61.0BNone
GLDMSPDR Gold Minishares Trust of beneficial interestState Streetβ€”0.10%$27.2BNone
IGLDFT Cboe Vest Gold Target Income ETFFirst Trust8.17%0.85%$508MMonthly
KGLDKurv Gold Enhanced Income ETFKurv16.04%1.00%$113MMonthly
YGLDSimplify Gold Strategy PLUS Income ETFSimplify ETFs10.78%0.53%$34MMonthly
GOLIDefiance Gold Enhanced Options Income ETFDefiance ETFs29.86%1.04%$25MWeekly
GLDXUSCF Gold Strategy Plus Income FundUSCF Investments3.14%0.47%$9MQuarterly

Frequently asked questions

What are the best iaui alternatives?

This page lists the top 8 ETFs in this category ranked by key metrics. The list includes funds from issuers like State Street, iShares, First Trust, Kurv and more.

How often is this list updated?

The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.

What is the average yield of these ETFs?

The average distribution yield across the 8 ETFs on this list is 8.50%. Individual yields range from 3.14% to 29.86%.

What is the closest alternative to IAUI?

KGLD and GLDI are direct gold option-income comparisons, although GLDI is an ETN rather than an ETF. IGLD and YGLD provide other income-overlay designs.

What should I compare when choosing a IAUI alternative?

Compare the gold exposure vehicle, option coverage and tenor, issuer or counterparty risk, fees, distribution composition, upside capture, NAV trend, and total return versus gold.

Does a higher-yielding IAUI alternative produce a better return?

Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.

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The metrics and risks behind this list, explained in the Academy.

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Import or build a portfolio to see income forecasts, upcoming distributions, income concentration, and risk across everything you own β€” and where a fund's yield and total return diverge.

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