IWMI vs. RDTE
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE).
IWMI and RDTE 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. RDTE is an actively managed fund by Roundhill. It was launched on Sep 9, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMI or RDTE.
Correlation
The correlation between IWMI and RDTE is 0.81, 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. RDTE - Performance Comparison
Key characteristics
IWMI:
21.32%
RDTE:
22.88%
IWMI:
-23.88%
RDTE:
-24.91%
IWMI:
-15.36%
RDTE:
-19.43%
Returns By Period
In the year-to-date period, IWMI achieves a -8.75% return, which is significantly higher than RDTE's -13.72% return.
IWMI
-8.75%
-4.09%
-9.31%
N/A
N/A
N/A
RDTE
-13.72%
-10.18%
-11.21%
N/A
N/A
N/A
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IWMI vs. RDTE - Expense Ratio Comparison
IWMI has a 0.68% expense ratio, which is lower than RDTE's 0.95% expense ratio.
Risk-Adjusted Performance
IWMI vs. RDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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. RDTE - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 15.41%, less than RDTE's 27.62% yield.
| TTM | 2024 | |
|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 15.41% | 8.78% |
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 27.62% | 10.70% |
Drawdowns
IWMI vs. RDTE - Drawdown Comparison
The maximum IWMI drawdown since its inception was -23.88%, roughly equal to the maximum RDTE drawdown of -24.91%. Use the drawdown chart below to compare losses from any high point for IWMI and RDTE. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. RDTE - Volatility Comparison
NEOS Russell 2000 High Income ETF (IWMI) has a higher volatility of 12.78% compared to Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) at 11.69%. This indicates that IWMI's price experiences larger fluctuations and is considered to be riskier than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.