NEHI vs. IWMI
NEHI (NEOS Ethereum High Income ETF) and IWMI (NEOS Russell 2000 High Income ETF) are both exchange-traded funds - NEHI is a Cryptocurrency fund actively managed by Neos, while IWMI is a Derivative Income fund actively managed by Neos. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. NEHI charges 0.98%/yr vs 0.68%/yr for IWMI.
Performance
NEHI vs. IWMI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEHI achieves a -34.34% return, which is significantly lower than IWMI's 18.18% return.
NEHI
- 1D
- 0.42%
- 1M
- 9.49%
- 6M
- -17.38%
- YTD
- -34.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMI
- 1D
- -0.26%
- 1M
- 0.20%
- 6M
- 13.27%
- YTD
- 18.18%
- 1Y
- 32.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.01M | $19.35M | $18.16M | |
| $1.15M | $1.23M | $2.09M |
NEHI vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -34.34% | -1.24% |
IWMI NEOS Russell 2000 High Income ETF | 18.18% | 1.28% |
Correlation
The correlation between NEHI and IWMI is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.49 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEHI vs. IWMI — Risk / Return Rank
NEHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMI
NEHI vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) 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.
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.
| NEHI | IWMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.91 | — |
| Martin ratioReturn relative to average drawdown | — | 16.12 | — |
Loading charts...
Drawdowns
NEHI vs. IWMI - Drawdown Comparison
The maximum NEHI drawdown since its inception was -50.12%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for NEHI and IWMI.
Loading charts...
Drawdown Indicators
| NEHI | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.12% | -23.88% | -26.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Current DrawdownCurrent decline from peak | -41.27% | -0.26% | -41.01% |
Average DrawdownAverage peak-to-trough decline | -29.74% | -3.86% | -25.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.04% | — |
Volatility
NEHI vs. IWMI - Volatility Comparison
Loading charts...
Volatility by Period
| NEHI | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.32% | 15.24% | +41.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.32% | 17.65% | +38.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 17.65% | +38.67% |
NEHI vs. IWMI - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Dividends
NEHI vs. IWMI - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 30.43%, more than IWMI's 13.53% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 13.53% | 14.05% | 8.78% |
NEHI NEOS Ethereum High Income ETF | 30.43% | 2.87% | 0.00% |
Frequently Asked Questions
NEHI and IWMI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMI is cheaper with a 0.68% expense ratio, compared with 0.98% for NEHI.
NEHI has the higher dividend yield at 30.43%, compared with 13.53% for IWMI.
NEHI is categorized as Cryptocurrency, while IWMI is Derivative Income. Their fees differ too: 0.98% for NEHI and 0.68% for IWMI.
Find the right allocation for NEHI and IWMI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer