NEOS Russell 2000 High Income ETF (IWMI)
The fund is an actively-managed ETF that aims to achieve high monthly income by investing in ETFs that track the Russell 2000® Index and employing a call options strategy, primarily through writing call options on that index.
ETF Info
US578433H6341
78433H634
Jun 24, 2024
No Index (Active)
Distributing
Small-Cap
Blend
Expense Ratio
IWMI has an expense ratio of 0.68%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
IWMI
-3.62%
9.71%
-8.37%
N/A
N/A
N/A
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of IWMI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.55% | -4.33% | -5.73% | -1.29% | 5.57% | -3.62% | |||||||
| 2024 | 1.17% | 5.44% | -0.57% | 1.64% | -0.69% | 7.35% | -7.25% | 6.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
NEOS Russell 2000 High Income ETF provided a 14.59% dividend yield over the last twelve months, with an annual payout of $6.56 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $6.56 | $4.30 |
Dividend yield | 14.59% | 8.78% |
Monthly Dividends
The table displays the monthly dividend distributions for NEOS Russell 2000 High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.61 | $0.58 | $0.57 | $0.50 | $0.00 | $2.26 | |||||||
| 2024 | $0.55 | $0.60 | $0.66 | $0.62 | $0.62 | $0.63 | $0.61 | $4.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the NEOS Russell 2000 High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NEOS Russell 2000 High Income ETF was 23.88%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current NEOS Russell 2000 High Income ETF drawdown is 10.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.88% | Dec 2, 2024 | 87 | Apr 8, 2025 | — | — | — |
| -8.88% | Jul 29, 2024 | 6 | Aug 5, 2024 | 32 | Sep 19, 2024 | 38 |
| -2.46% | Oct 18, 2024 | 10 | Oct 31, 2024 | 4 | Nov 6, 2024 | 14 |
| -2.33% | Nov 12, 2024 | 4 | Nov 15, 2024 | 6 | Nov 25, 2024 | 10 |
| -1.99% | Oct 1, 2024 | 3 | Oct 3, 2024 | 6 | Oct 11, 2024 | 9 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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