IOYY vs. IWMI
IOYY (GraniteShares YieldBOOST IONQ ETF) and IWMI (NEOS Russell 2000 High Income ETF) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. IOYY charges 1.07%/yr vs 0.68%/yr for IWMI.
Performance
IOYY vs. IWMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IOYY achieves a -11.06% return, which is significantly lower than IWMI's 13.36% return.
IOYY
- 1D
- -0.54%
- 1M
- 9.06%
- YTD
- -11.06%
- 6M
- -19.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMI
- 1D
- -1.02%
- 1M
- 3.18%
- YTD
- 13.36%
- 6M
- 13.24%
- 1Y
- 34.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOYY vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | -11.06% | -11.64% |
IWMI NEOS Russell 2000 High Income ETF | 13.36% | 3.51% |
Correlation
The correlation between IOYY and IWMI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.54 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IOYY vs. IWMI — Risk / Return Rank
IOYY
IWMI
IOYY vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) 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.
Loading charts...
Sharpe Ratios by Period
| IOYY | IWMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.00 | 1.04 | -2.04 |
Drawdowns
IOYY vs. IWMI - Drawdown Comparison
The maximum IOYY drawdown since its inception was -38.47%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for IOYY and IWMI.
Loading charts...
Drawdown Indicators
| IOYY | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -23.88% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Current DrawdownCurrent decline from peak | -27.87% | -1.02% | -26.85% |
Average DrawdownAverage peak-to-trough decline | -23.09% | -4.12% | -18.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
IOYY vs. IWMI - Volatility Comparison
Loading charts...
Volatility by Period
| IOYY | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.42% | 14.84% | +19.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.42% | 17.89% | +16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 17.89% | +16.53% |
IOYY vs. IWMI - Expense Ratio Comparison
IOYY has a 1.07% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Dividends
IOYY vs. IWMI - Dividend Comparison
IOYY's dividend yield for the trailing twelve months is around 121.09%, more than IWMI's 13.52% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | 121.09% | 28.55% | 0.00% |
IWMI NEOS Russell 2000 High Income ETF | 13.52% | 14.05% | 8.78% |
Frequently Asked Questions
IOYY and IWMI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMI is cheaper with a 0.68% expense ratio, compared with 1.07% for IOYY.
IOYY has the higher dividend yield at 121.09%, compared with 13.52% for IWMI.
They also come from different issuers: GraniteShares and Neos. Their fees differ too: 1.07% for IOYY and 0.68% for IWMI.
Find the right allocation for IOYY and IWMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer