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 features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in NEOS Russell 2000 High Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
IWMI
N/A
-5.34%
7.88%
N/A
N/A
N/A
^GSPC (Benchmark)
26.63%
1.18%
10.44%
27.03%
13.30%
11.23%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.17% | 5.45% | -0.57% | 1.64% | -0.69% | 7.34% | 7.88% |
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.
Not enough dataDividends
Dividend History
NEOS Russell 2000 High Income ETF provided a 8.67% dividend yield over the last twelve months, with an annual payout of $4.30 per share.
| Period | TTM |
|---|---|
| Dividend | $4.30 |
Dividend yield | 8.67% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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 8.88%, occurring on Aug 5, 2024. Recovery took 32 trading sessions.
The current NEOS Russell 2000 High Income ETF drawdown is 6.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.88% | Jul 29, 2024 | 6 | Aug 5, 2024 | 32 | Sep 19, 2024 | 38 |
| -7.78% | Dec 2, 2024 | 14 | Dec 19, 2024 | — | — | — |
| -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 current NEOS Russell 2000 High Income ETF volatility is 4.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.