IWMI vs. SPYL.DE
Compare and contrast key facts about NEOS Russell 2000 High Income ETF (IWMI) and SPDR S&P 500 UCITS ETF USD Unhedged Acc (SPYL.DE).
IWMI and SPYL.DE 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. SPYL.DE is a passively managed fund by State Street that tracks the performance of the S&P 500®. It was launched on Oct 31, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMI or SPYL.DE.
Correlation
The correlation between IWMI and SPYL.DE is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWMI vs. SPYL.DE - Performance Comparison
Key characteristics
IWMI:
16.95%
SPYL.DE:
12.17%
IWMI:
-8.88%
SPYL.DE:
-8.25%
IWMI:
-7.18%
SPYL.DE:
-1.31%
Returns By Period
IWMI
N/A
-4.80%
N/A
N/A
N/A
N/A
SPYL.DE
33.53%
1.14%
12.42%
33.79%
N/A
N/A
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IWMI vs. SPYL.DE - Expense Ratio Comparison
IWMI has a 0.68% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Risk-Adjusted Performance
IWMI vs. SPYL.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Russell 2000 High Income ETF (IWMI) and SPDR S&P 500 UCITS ETF USD Unhedged Acc (SPYL.DE). 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. SPYL.DE - Dividend Comparison
IWMI's dividend yield for the trailing twelve months is around 7.43%, while SPYL.DE has not paid dividends to shareholders.
| TTM | |
|---|---|
IWMI NEOS Russell 2000 High Income ETF | 7.43% |
SPYL.DE SPDR S&P 500 UCITS ETF USD Unhedged Acc | 0.00% |
Drawdowns
IWMI vs. SPYL.DE - Drawdown Comparison
The maximum IWMI drawdown since its inception was -8.88%, which is greater than SPYL.DE's maximum drawdown of -8.25%. Use the drawdown chart below to compare losses from any high point for IWMI and SPYL.DE. For additional features, visit the drawdowns tool.
Volatility
IWMI vs. SPYL.DE - Volatility Comparison
NEOS Russell 2000 High Income ETF (IWMI) has a higher volatility of 4.59% compared to SPDR S&P 500 UCITS ETF USD Unhedged Acc (SPYL.DE) at 2.71%. This indicates that IWMI's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.