CAUV.TO vs. IWMI

Last updated Jun 6, 2026

CAUV.TO (Avantis CIBC U.S. Small Cap Value ETF) and IWMI (NEOS Russell 2000 High Income ETF) are both exchange-traded funds - CAUV.TO is a Small Cap Value Equities fund actively managed by Avantis, while IWMI is a Derivative Income fund actively managed by Neos. Both are actively managed. CAUV.TO charges 0.35%/yr vs 0.68%/yr for IWMI.

Performance

CAUV.TO vs. IWMI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC U.S. Small Cap Value ETF (CAUV.TO) and NEOS Russell 2000 High Income ETF (IWMI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAUV.TO is traded in CAD, while IWMI is traded in USD. To make them comparable, the IWMI values have been converted to CAD using the latest available exchange rates.

Returns By Period

CAUV.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMI

• 1D: -2.63%
• 1M: 1.16%
• YTD: 13.11%
• 6M: 11.71%
• 1Y: 34.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CAUV.TO vs. IWMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWMI

IWMI Risk / Return Rank: 71
IWMI Sharpe Ratio Rank: 66
IWMI Sortino Ratio Rank: 66
IWMI Omega Ratio Rank: 63
IWMI Calmar Ratio Rank: 77
IWMI Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAUV.TO vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC U.S. Small Cap Value ETF (CAUV.TO) and NEOS Russell 2000 High Income ETF (IWMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAUV.TO	IWMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.06	—

Drawdowns

Drawdown Indicators

	CAUV.TO	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.45%	—
Current Drawdown Current decline from peak	—	-2.63%	—
Average Drawdown Average peak-to-trough decline	—	-4.30%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.98%	—

Volatility

Volatility by Period

	CAUV.TO	IWMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.59%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.59%	—

CAUV.TO vs. IWMI - Expense Ratio Comparison

CAUV.TO has a 0.35% expense ratio, which is lower than IWMI's 0.68% expense ratio.

Dividends

CAUV.TO vs. IWMI - Dividend Comparison

CAUV.TO has not paid dividends to shareholders, while IWMI's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025	2024
CAUV.TO Avantis CIBC U.S. Small Cap Value ETF	0.00%	0.00%	0.00%
IWMI NEOS Russell 2000 High Income ETF	13.77%	14.05%	8.78%

Frequently Asked Questions

Which ETF is better, CAUV.TO or IWMI?

On fees, CAUV.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAUV.TO or IWMI?

CAUV.TO is cheaper with a 0.35% expense ratio, compared with 0.68% for IWMI.

What is the main difference between CAUV.TO and IWMI?

CAUV.TO is categorized as Small Cap Value Equities, while IWMI is Derivative Income. They also come from different issuers: Avantis and Neos. Their fees differ too: 0.35% for CAUV.TO and 0.68% for IWMI.