IWMI vs. IWMY
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY).
IWMI and IWMY 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. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMI or IWMY.
Correlation
The correlation between IWMI and IWMY is 0.88, 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. IWMY - Performance Comparison
Key characteristics
IWMI:
16.01%
IWMY:
13.21%
IWMI:
-8.88%
IWMY:
-7.07%
IWMI:
-4.90%
IWMY:
-0.81%
Returns By Period
In the year-to-date period, IWMI achieves a 2.53% return, which is significantly lower than IWMY's 5.10% return.
IWMI
2.53%
-0.58%
6.10%
N/A
N/A
N/A
IWMY
5.10%
-0.27%
7.46%
17.47%
N/A
N/A
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IWMI vs. IWMY - Expense Ratio Comparison
IWMI has a 0.68% expense ratio, which is lower than IWMY's 0.99% expense ratio.
Risk-Adjusted Performance
IWMI vs. IWMY — Risk-Adjusted Performance Rank
IWMI
IWMY
IWMI vs. IWMY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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. IWMY - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 9.89%, less than IWMY's 102.50% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 9.89% | 8.78% | 0.00% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 102.50% | 107.92% | 11.34% |
Drawdowns
IWMI vs. IWMY - Drawdown Comparison
The maximum IWMI drawdown since its inception was -8.88%, which is greater than IWMY's maximum drawdown of -7.07%. Use the drawdown chart below to compare losses from any high point for IWMI and IWMY. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. IWMY - Volatility Comparison
NEOS Russell 2000 High Income ETF (IWMI) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) have volatilities of 2.63% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.