IWMI vs. IPDP

Last updated Jun 4, 2026

IWMI (NEOS Russell 2000 High Income ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. IWMI charges 0.68%/yr vs 1.52%/yr for IPDP.

Performance

IWMI vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Russell 2000 High Income ETF (IWMI) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IWMI

• 1D: -1.02%
• 1M: 3.18%
• YTD: 13.36%
• 6M: 13.24%
• 1Y: 34.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IWMI vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IWMI NEOS Russell 2000 High Income ETF	7.24%
IPDP Dividend Performers ETF	0.00%

IWMI vs. IPDP - Sectors Allocation Comparison

Sectors	IWMI	IPDP
Healthcare	17.9%	13.6%
Industrials	16.6%	45.1%
Financial Services	16.0%	18.6%
Technology	15.1%	13.1%
Consumer Cyclical	8.6%	3.6%
Energy	6.5%	-
Real Estate	6.3%	-
Basic Materials	5.0%	1.5%
Utilities	3.1%	-
Consumer Defensive	2.6%	3.9%
Communication Services	2.4%	-

Return for Risk

IWMI vs. IPDP — Risk / Return Rank

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

IWMI

IWMI Risk / Return Rank: 73
IWMI Sharpe Ratio Rank: 69
IWMI Sortino Ratio Rank: 69
IWMI Omega Ratio Rank: 66
IWMI Calmar Ratio Rank: 79
IWMI Martin Ratio Rank: 83

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.

IWMI vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and Dividend Performers ETF (IPDP). 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.

	IWMI	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	4.11	—	—
Martin ratio: Return relative to average drawdown	17.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWMI	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	—	—

Drawdowns

IWMI vs. IPDP - Drawdown Comparison

The maximum IWMI drawdown since its inception was -23.88%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IWMI and IPDP.

Drawdown Indicators

	IWMI	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-23.88%	0.00%	-23.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	—	—
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-4.12%	0.00%	-4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	IWMI	IPDP	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	14.84%	0.00%	+14.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	0.00%	+17.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	0.00%	+17.89%

IWMI vs. IPDP - Expense Ratio Comparison

IWMI has a 0.68% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

IWMI vs. IPDP - Dividend Comparison

IWMI's dividend yield for the trailing twelve months is around 13.52%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%
IWMI NEOS Russell 2000 High Income ETF	13.52%	14.05%	8.78%

Frequently Asked Questions

Which ETF is better, IWMI or IPDP?

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.

Which ETF is cheaper, IWMI or IPDP?

IWMI is cheaper with a 0.68% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, IWMI or IPDP?

IWMI has the higher dividend yield at 13.52%, compared with 0.00% for IPDP.

What is the main difference between IWMI and IPDP?

They also come from different issuers: Neos and Innovative Portfolios. Their fees differ too: 0.68% for IWMI and 1.52% for IPDP.