IWMI vs. SBRA
IWMI (NEOS Russell 2000 High Income ETF) is Derivative Income fund actively managed by Neos, while SBRA (Sabra Health Care REIT, Inc.) is a stock. Over the past year, IWMI returned 37.32% vs 5.62% for SBRA. At a 0.08 correlation, their price movements are largely independent.
Performance
IWMI vs. SBRA - Performance Comparison
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Returns By Period
In the year-to-date period, IWMI achieves a 16.41% return, which is significantly higher than SBRA's -1.50% return.
IWMI
- 1D
- 1.72%
- 1M
- 3.75%
- YTD
- 16.41%
- 6M
- 14.83%
- 1Y
- 37.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SBRA
- 1D
- 0.39%
- 1M
- -12.55%
- YTD
- -1.50%
- 6M
- -0.18%
- 1Y
- 5.62%
- 3Y*
- 23.82%
- 5Y*
- 9.18%
- 10Y*
- 6.89%
IWMI vs. SBRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 16.41% | 14.97% | 6.58% |
SBRA Sabra Health Care REIT, Inc. | -1.50% | 17.02% | 19.93% |
Correlation
The correlation between IWMI and SBRA is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024 | 0.08 |
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Return for Risk
IWMI vs. SBRA — Risk / Return Rank
IWMI
SBRA
IWMI vs. SBRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and Sabra Health Care REIT, Inc. (SBRA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWMI | SBRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.06 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 0.34 | +4.09 |
| Martin ratioReturn relative to average drawdown | 18.24 | 1.10 | +17.14 |
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Drawdowns
IWMI vs. SBRA - Drawdown Comparison
The maximum IWMI drawdown since its inception was -23.88%, smaller than the maximum SBRA drawdown of -99.49%. Use the drawdown chart below to compare losses from any high point for IWMI and SBRA.
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Drawdown Indicators
| IWMI | SBRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -99.49% | +75.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -16.10% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.93% | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.96% | +13.96% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -37.68% | +33.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.97% | -2.94% |
Volatility
IWMI vs. SBRA - Volatility Comparison
The current volatility for NEOS Russell 2000 High Income ETF (IWMI) is 5.41%, while Sabra Health Care REIT, Inc. (SBRA) has a volatility of 9.65%. This indicates that IWMI experiences smaller price fluctuations and is considered to be less risky than SBRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMI | SBRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 9.65% | -4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.46% | 16.23% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 20.95% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 26.99% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 36.46% | -18.49% |
Dividends
IWMI vs. SBRA - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 14.51%, more than SBRA's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 14.51% | 14.05% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBRA Sabra Health Care REIT, Inc. | 6.62% | 6.34% | 6.93% | 8.41% | 9.65% | 8.86% | 7.77% | 8.43% | 10.92% | 9.22% | 6.84% | 7.91% |
Frequently Asked Questions
IWMI and SBRA have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBRA has higher volatility (9.65%) compared to IWMI (5.41%). In terms of maximum drawdown, IWMI dropped -23.88% vs SBRA's -99.49%.
IWMI currently has the higher Sharpe Ratio (2.42 vs 0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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