IWMI vs. GPIQ
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
IWMI and GPIQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024. GPIQ is an actively managed fund by Goldman Sachs. It was launched on Oct 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMI or GPIQ.
Correlation
The correlation between IWMI and GPIQ is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWMI vs. GPIQ - Performance Comparison
Key characteristics
IWMI:
16.09%
GPIQ:
15.36%
IWMI:
-8.88%
GPIQ:
-11.66%
IWMI:
-4.17%
GPIQ:
0.00%
Returns By Period
In the year-to-date period, IWMI achieves a 3.32% return, which is significantly lower than GPIQ's 5.25% return.
IWMI
3.32%
1.30%
7.56%
N/A
N/A
N/A
GPIQ
5.25%
3.13%
13.38%
23.85%
N/A
N/A
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IWMI vs. GPIQ - Expense Ratio Comparison
IWMI has a 0.68% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Risk-Adjusted Performance
IWMI vs. GPIQ — Risk-Adjusted Performance Rank
IWMI
GPIQ
IWMI vs. GPIQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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.
Not enough dataDividends
IWMI vs. GPIQ - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 9.82%, which matches GPIQ's 9.81% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 9.82% | 8.78% | 0.00% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.81% | 9.18% | 1.74% |
Drawdowns
IWMI vs. GPIQ - Drawdown Comparison
The maximum IWMI drawdown since its inception was -8.88%, smaller than the maximum GPIQ drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for IWMI and GPIQ. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. GPIQ - Volatility Comparison
The current volatility for NEOS Russell 2000 High Income ETF (IWMI) is 2.81%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 4.06%. This indicates that IWMI experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.