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IWMI vs. SPYI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IWMI and SPYI is 0.79, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

IWMI vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Russell 2000 High Income ETF (IWMI) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
-2.72%
3.62%
IWMI
SPYI

Key characteristics

Daily Std Dev

IWMI:

21.32%

SPYI:

17.05%

Max Drawdown

IWMI:

-23.88%

SPYI:

-16.47%

Current Drawdown

IWMI:

-15.36%

SPYI:

-7.75%

Returns By Period

In the year-to-date period, IWMI achieves a -8.75% return, which is significantly lower than SPYI's -3.86% return.


IWMI

YTD

-8.75%

1M

-4.09%

6M

-9.31%

1Y

N/A

5Y*

N/A

10Y*

N/A

SPYI

YTD

-3.86%

1M

-2.69%

6M

-2.70%

1Y

9.71%

5Y*

N/A

10Y*

N/A

*Annualized

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IWMI vs. SPYI - Expense Ratio Comparison

Both IWMI and SPYI have an expense ratio of 0.68%.


Expense ratio chart for IWMI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IWMI: 0.68%
Expense ratio chart for SPYI: current value is 0.68%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPYI: 0.68%

Risk-Adjusted Performance

IWMI vs. SPYI — Risk-Adjusted Performance Rank

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

IWMI

SPYI
The Risk-Adjusted Performance Rank of SPYI is 6363
Overall Rank
The Sharpe Ratio Rank of SPYI is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYI is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPYI is 6666
Omega Ratio Rank
The Calmar Ratio Rank of SPYI is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPYI is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IWMI vs. SPYI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and NEOS S&P 500 High Income ETF (SPYI). 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.



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Dividends

IWMI vs. SPYI - Dividend Comparison

IWMI's dividend yield for the trailing twelve months is around 15.41%, more than SPYI's 13.09% yield.


TTM202420232022
IWMI
NEOS Russell 2000 High Income ETF
15.41%8.78%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF
13.09%12.04%12.01%4.10%

Drawdowns

IWMI vs. SPYI - Drawdown Comparison

The maximum IWMI drawdown since its inception was -23.88%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for IWMI and SPYI. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-15.36%
-7.75%
IWMI
SPYI

Volatility

IWMI vs. SPYI - Volatility Comparison

NEOS Russell 2000 High Income ETF (IWMI) and NEOS S&P 500 High Income ETF (SPYI) have volatilities of 12.78% and 13.32%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
12.78%
13.32%
IWMI
SPYI