NLSI vs. IWMI
Compare and contrast key facts about Neos Long/Short Equity Income ETF (NLSI) and NEOS Russell 2000 High Income ETF (IWMI).
NLSI and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NLSI is an actively managed fund by Neos. It was launched on Dec 9, 2025. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Performance
NLSI vs. IWMI - Performance Comparison
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NLSI vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NLSI Neos Long/Short Equity Income ETF | -9.90% | 1.90% |
IWMI NEOS Russell 2000 High Income ETF | 1.35% | -1.76% |
Returns By Period
In the year-to-date period, NLSI achieves a -9.90% return, which is significantly lower than IWMI's 1.35% return.
NLSI
- 1D
- 0.93%
- 1M
- -2.48%
- YTD
- -9.90%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMI
- 1D
- 0.42%
- 1M
- -4.18%
- YTD
- 1.35%
- 6M
- 4.98%
- 1Y
- 26.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NLSI vs. IWMI - Expense Ratio Comparison
NLSI has a 2.89% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Return for Risk
NLSI vs. IWMI — Risk / Return Rank
NLSI
IWMI
NLSI vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NLSI | IWMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.33 | 0.72 | -2.05 |
Correlation
The correlation between NLSI and IWMI is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NLSI vs. IWMI - Dividend Comparison
NLSI's dividend yield for the trailing twelve months is around 1.90%, less than IWMI's 14.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
NLSI Neos Long/Short Equity Income ETF | 1.90% | 0.46% | 0.00% |
IWMI NEOS Russell 2000 High Income ETF | 14.42% | 14.05% | 8.78% |
Drawdowns
NLSI vs. IWMI - Drawdown Comparison
The maximum NLSI drawdown since its inception was -13.19%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for NLSI and IWMI.
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Drawdown Indicators
| NLSI | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -23.88% | +10.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.42% | — |
Current DrawdownCurrent decline from peak | -11.22% | -4.80% | -6.42% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -4.44% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.70% | — |
Volatility
NLSI vs. IWMI - Volatility Comparison
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Volatility by Period
| NLSI | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 19.09% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 18.28% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 18.28% | +0.65% |