- ISIN
- US578433H6341
- CUSIP
- 78433H634
- Issuer
- Neos
- Inception Date
- Jun 24, 2024
- Category
- Derivative Income
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $898M
Share Price Chart
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Performance
IWMI Performance Chart
NEOS Russell 2000 High Income ETF (IWMI) is up 15.1% since the beginning of the year. IWMI is currently trading at $53 per share.
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Returns By Period
NEOS Russell 2000 High Income ETF (IWMI) has returned 15.10% so far this year and 34.46% over the past 12 months.
NEOS Russell 2000 High Income ETF
- 1D
- 0.76%
- 1M
- 3.19%
- YTD
- 15.10%
- 6M
- 13.17%
- 1Y
- 34.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
IWMI Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2024, IWMI's average daily return is +0.08%, while the average monthly return is +1.46%. At this rate, an investment would double in approximately 4.0 years.
Historically, 72% of months were positive and 28% were negative. The best month was Apr 2026 with a return of +8.9%, while the worst month was Dec 2024 at -7.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IWMI closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.9%, while the worst single day was Apr 3, 2025 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.10% | 1.04% | -4.05% | 8.94% | 3.81% | 0.84% | 15.10% | ||||||
| 2025 | 2.55% | -4.33% | -5.73% | -1.29% | 5.09% | 4.08% | 1.95% | 5.50% | 3.06% | 2.03% | 1.53% | 0.26% | 14.97% |
| 2024 | 1.14% | 5.44% | -0.57% | 1.64% | -0.69% | 7.35% | -7.25% | 6.58% |
Benchmark Metrics
NEOS Russell 2000 High Income ETF has an annualized alpha of 2.92%, beta of 0.95, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since June 25, 2024.
- This ETF captured 113.02% of S&P 500 Index gains and 108.97% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.95 and R2 of 0.76, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.92%
- Beta
- 0.95
- R²
- 0.76
- Upside Capture
- 113.02%
- Downside Capture
- 108.97%
Expense Ratio
IWMI has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IWMI ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 2.53 | +1.59 |
| Martin ratioReturn relative to average drawdown | 16.99 | 11.37 | +5.62 |
Dividends
Dividend History
NEOS Russell 2000 High Income ETF provided a 13.32% dividend yield over the last twelve months, with an annual payout of $7.03 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $7.03 | $6.84 | $4.30 |
Dividend yield | 13.32% | 14.05% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.61 | $0.60 | $0.57 | $0.61 | $0.60 | $0.00 | $3.00 | ||||||
| 2025 | $0.61 | $0.58 | $0.57 | $0.50 | $0.55 | $0.56 | $0.56 | $0.56 | $0.59 | $0.59 | $0.57 | $0.60 | $6.84 |
| 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. Recovery took 102 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.88%Apr 2025 | 4mo 7d | 4mo 29d | 9mo 6dDec 2024 - Sep 2025 |
2024 pullback2024 | -8.88%Aug 2024 | 7d | 1mo 15d | 1mo 22dJul 2024 - Sep 2024 |
2026 pullback2026 | -8.40%Mar 2026 | 1mo 1d | 15d | 1mo 16dFeb 2026 - Apr 2026 |
2025 pullback2025 | -6.62%Nov 2025 | 23d | 6d | 29dOct 2025 - Nov 2025 |
2026 pullback2026 | -3.49%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
Drawdown Indicators
| IWMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -56.78% | +32.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -9.10% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.34% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -10.72% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.02% | +0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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