IWMI vs. IWM
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and iShares Russell 2000 ETF (IWM).
IWMI and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMI or IWM.
Correlation
The correlation between IWMI and IWM is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWMI vs. IWM - Performance Comparison
Key characteristics
IWMI:
18.77%
IWM:
21.82%
IWMI:
-21.37%
IWM:
-59.05%
IWMI:
-21.37%
IWM:
-24.86%
Returns By Period
In the year-to-date period, IWMI achieves a -15.22% return, which is significantly higher than IWM's -17.81% return.
IWMI
-15.22%
-11.70%
-15.51%
N/A
N/A
N/A
IWM
-17.81%
-12.89%
-16.89%
-10.06%
13.05%
5.22%
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IWMI vs. IWM - Expense Ratio Comparison
IWMI has a 0.68% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
IWMI vs. IWM — Risk-Adjusted Performance Rank
IWMI
IWM
IWMI vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and iShares Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 15.14%, more than IWM's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 15.14% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.36% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
IWMI vs. IWM - Drawdown Comparison
The maximum IWMI drawdown since its inception was -21.37%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IWMI and IWM. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. IWM - Volatility Comparison
The current volatility for NEOS Russell 2000 High Income ETF (IWMI) is 9.15%, while iShares Russell 2000 ETF (IWM) has a volatility of 9.85%. This indicates that IWMI experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.