IWMY vs. IWMI
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and NEOS Russell 2000 High Income ETF (IWMI).
IWMY and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMY or IWMI.
Correlation
The correlation between IWMY and IWMI is 0.86, 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
IWMY vs. IWMI - Performance Comparison
Key characteristics
IWMY:
13.46%
IWMI:
16.79%
IWMY:
-7.07%
IWMI:
-8.88%
IWMY:
-4.51%
IWMI:
-6.42%
Returns By Period
The year-to-date returns for both stocks are quite close, with IWMY having a 0.90% return and IWMI slightly lower at 0.89%.
IWMY
0.90%
-3.63%
3.21%
10.10%
N/A
N/A
IWMI
0.89%
-5.56%
6.82%
N/A
N/A
N/A
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IWMY vs. IWMI - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Risk-Adjusted Performance
IWMY vs. IWMI — Risk-Adjusted Performance Rank
IWMY
IWMI
IWMY vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and NEOS Russell 2000 High Income ETF (IWMI). 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
IWMY vs. IWMI - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 105.81%, more than IWMI's 8.70% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 105.81% | 106.77% | 11.34% |
IWMI NEOS Russell 2000 High Income ETF | 8.70% | 8.78% | 0.00% |
Drawdowns
IWMY vs. IWMI - Drawdown Comparison
The maximum IWMY drawdown since its inception was -7.07%, smaller than the maximum IWMI drawdown of -8.88%. Use the drawdown chart below to compare losses from any high point for IWMY and IWMI. For additional features, visit the drawdowns tool.
Volatility
IWMY vs. IWMI - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and NEOS Russell 2000 High Income ETF (IWMI) have volatilities of 5.14% and 5.24%, 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.