NVIT vs. IWMI
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and IWMI (NEOS Russell 2000 High Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. NVIT charges 1.08%/yr vs 0.68%/yr for IWMI.
Performance
NVIT vs. IWMI - Performance Comparison
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Returns By Period
In the year-to-date period, NVIT achieves a 15.44% return, which is significantly higher than IWMI's 13.36% return.
NVIT
- 1D
- -2.67%
- 1M
- 6.72%
- YTD
- 15.44%
- 6M
- 19.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMI
- 1D
- -1.02%
- 1M
- 3.18%
- YTD
- 13.36%
- 6M
- 13.24%
- 1Y
- 34.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIT vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 15.44% | 3.48% |
IWMI NEOS Russell 2000 High Income ETF | 13.36% | 6.22% |
Correlation
The correlation between NVIT and IWMI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.41 |
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Return for Risk
NVIT vs. IWMI — Risk / Return Rank
NVIT
IWMI
NVIT vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) 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
| NVIT | IWMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.04 | +0.33 |
Drawdowns
NVIT vs. IWMI - Drawdown Comparison
The maximum NVIT drawdown since its inception was -11.11%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for NVIT and IWMI.
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Drawdown Indicators
| NVIT | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -23.88% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Current DrawdownCurrent decline from peak | -6.77% | -1.02% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.12% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
NVIT vs. IWMI - Volatility Comparison
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Volatility by Period
| NVIT | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 14.84% | +14.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 17.89% | +11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.08% | 17.89% | +11.19% |
NVIT vs. IWMI - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Dividends
NVIT vs. IWMI - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 12.36%, less than IWMI's 13.52% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 13.52% | 14.05% | 8.78% |
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 12.36% | 2.37% | 0.00% |
Frequently Asked Questions
NVIT and IWMI have a correlation of 0.41, 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 1.08% for NVIT.
IWMI has the higher dividend yield at 13.52%, compared with 12.36% for NVIT.
They also come from different issuers: YieldMax and Neos. Their fees differ too: 1.08% for NVIT and 0.68% for IWMI.
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