NEOS Russell 2000 High Income ETF (IWMI) Alternatives
NEOS Russell 2000 High Income ETF (IWMI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IWMI. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to IWMI
IWMI charges 0.68% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among IWMI alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| iShares S&P 500 BuyWrite ETF | 0.25% | Mar 14, 2024 | IWMI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | Sep 5, 2024 | IWMI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | Apr 9, 2024 | IWMI vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | Oct 16, 2023 | IWMI vs PAPI | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | Dec 20, 2007 | IWMI vs PBP |
Best Risk-Adjusted Alternatives to IWMI
Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 97 | Jul 27, 2023 | IWMI vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 96 | Aug 20, 2024 | IWMI vs TSMY | |
| Kurv Yield Premium Strategy Google ETF | 92 | Oct 30, 2023 | IWMI vs GOOP | |
| Amplify CWP Enhanced Dividend Income ETF | 80 | Dec 13, 2016 | IWMI vs DIVO | |
| Defiance Oil Enhanced Options Income ETF | 80 | May 9, 2024 | IWMI vs USOY |
Top Performing IWMI Alternatives (YTD)
IWMI alternatives from the Derivative Income category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | 60.22% | May 9, 2024 | IWMI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 57.12% | Oct 23, 2023 | IWMI vs MRNY | |
| YieldMax XOM Option Income Strategy ETF | 28.99% | Aug 30, 2023 | IWMI vs XOMO | |
| YieldMax Short TSLA Option Income Strategy ETF | 20.49% | May 1, 2024 | IWMI vs CRSH | |
| Roundhill COST WeeklyPay ETF | 17.20% | Oct 23, 2025 | IWMI vs COSW |
Lowest Volatility Alternatives to IWMI
IWMI alternatives from the Derivative Income category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Global X NASDAQ 100 ESG Covered Call ETF | 0.00% | Feb 21, 2023 | IWMI vs QYLE | |
| Dividend Performers ETF | 0.00% | Dec 24, 2018 | IWMI vs IPDP | |
| FT Vest Investment Grade & Target Income ETF | 6.23% | Feb 11, 2025 | IWMI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 6.88% | Aug 25, 2021 | IWMI vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | 7.74% | Aug 25, 2021 | IWMI vs QRMI |
Lowest Drawdown Alternatives to IWMI
IWMI alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| FT Vest Investment Grade & Target Income ETF | -3.41% | Feb 11, 2025 | IWMI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | -5.02% | Aug 25, 2021 | IWMI vs XRMI | |
| Global X NASDAQ 100 Risk Managed Income ETF | -5.04% | Aug 25, 2021 | IWMI vs QRMI | |
| Kensington Hedged Premium Income ETF | -6.55% | Sep 4, 2024 | IWMI vs KHPI | |
| T. Rowe Price Capital Appreciation Premium Income ... | -7.24% | Mar 26, 2025 | IWMI vs TCAL |
Other ETFs from Neos
Most popular Neos ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | Derivative Income | 72 | -4.41% | Jan 29, 2024 | IWMI vs QQQI | |
| NEOS S&P 500 High Income ETF | Derivative Income, S&P 500 | 69 | -3.13% | Aug 29, 2022 | IWMI vs SPYI | |
| NEOS Bitcoin High Income ETF | Cryptocurrency, Derivative Income | 7 | -20.30% | Oct 16, 2024 | IWMI vs BTCI | |
| NEOS Gold High Income ETF | Derivative Income, Gold | — | 4.93% | Jun 4, 2025 | IWMI vs IAUI | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | Hedge Fund | 69 | -3.47% | Dec 19, 2019 | IWMI vs QQQH | |
| Neos Enhanced Income Cash Alternative ETF | Ultrashort Bond | 97 | 1.30% | Aug 29, 2022 | IWMI vs CSHI | |
| NEOS Real Estate High Income ETF | Derivative Income | 22 | -0.02% | Jan 14, 2025 | IWMI vs IYRI | |
| NEOS MSCI EAFE High Income ETF | Derivative Income | — | -1.22% | Sep 16, 2025 | IWMI vs NIHI | |
| Neos Enhanced Income Aggregate Bond ETF | Intermediate Core-Plus Bond | 71 | 0.68% | Aug 29, 2022 | IWMI vs BNDI | |
| Neos MLP & Energy Infrastructure High Income ETF | Energy Equities | — | 17.27% | Dec 17, 2025 | IWMI vs MLPI |
Often Compared With IWMI
What investors most often compare with IWMI, based on PortfoliosLab usage data.
Compare IWMI with Any Fund or Stock
Compare IWMI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.