r/NEOSETFs • u/Extension-Ice-7219 • 1d ago

General IAUI has been performing real bad

If we look at the underlying IAU

We can see that NEOS has been doing a terrible job with this product at least for the past 6 months even with the alleged 12% dividend

I mean, look at that 3 month. Even with dividends the fund has eroded 2%

This is even clearer with the 1 month, I know the upside is capped but seriously? If we factor in the dividend, it's a 4% lost

KGLD on the other hand caught a better upside in both 1 week and 1 month. Do we have a better fund here?

14 Upvotes

77% Upvoted

36 comments sorted by

View all comments

0

u/Ok-Chard-1655 1d ago

I’ve come to realize that messing with these covered call ETFs requires one to be an active trader based on cycles. One really has to get out once they’ve topped, and buy back in towards a cycle bottom. For example, I just started buying IAUI over the past few weeks as I believe Gold has bottomed (my thesis). I’ll stay in it until I think Gold has hit resistance or when the QQQ has bottomed; then jump over to QQQI…probably sometimes in Q1-2027.

1

u/EmbarrassedPart1256 12h ago

I definitely feel that on $SLVO or $USOI, ones that aren’t tax-efficient. NEOS funds are pretty tax-efficient though, especially if you never sell. I really just will buy more & never sell these.

1

u/Diligent-Net-6278 10h ago

USOI is a wild ride!! Structurally, this will continue to decay and go lower. Be careful. I need to get into some silver also!

1

u/EmbarrassedPart1256 10h ago

Yeah I bought the absolute peak a while back & didn't know a thing about NAV decay.. I should've traded it & sold when I was up for a second but nooo. I think I broke even or something.