QYLE vs. IWMI

Last updated Apr 2, 2026

Compare and contrast key facts about Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and NEOS Russell 2000 High Income ETF (IWMI).

QYLE and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QYLE is a passively managed fund by Global X that tracks the performance of the Nasdaq-100 ESG BuyWrite Index - Benchmark TR Gross. It was launched on Feb 21, 2023. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.

Performance

QYLE vs. IWMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 ESG Covered Call ETF (QYLE) and NEOS Russell 2000 High Income ETF (IWMI). The values are adjusted to include any dividend payments, if applicable.

QYLE vs. IWMI - Yearly Performance Comparison

	2026 (YTD)
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%
IWMI NEOS Russell 2000 High Income ETF	-4.11%

Returns By Period

QYLE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMI

• 1D: 0.42%
• 1M: -4.18%
• YTD: 1.35%
• 6M: 4.98%
• 1Y: 26.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QYLE vs. IWMI - Expense Ratio Comparison

QYLE has a 0.61% expense ratio, which is lower than IWMI's 0.68% expense ratio.

IWMI

NEOS Russell 2000 High Income ETF

QYLE

Global X NASDAQ 100 ESG Covered Call ETF

Return for Risk

QYLE vs. IWMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWMI

IWMI Risk / Return Rank: 76
IWMI Sharpe Ratio Rank: 74
IWMI Sortino Ratio Rank: 76
IWMI Omega Ratio Rank: 71
IWMI Calmar Ratio Rank: 76
IWMI Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QYLE vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 ESG Covered Call ETF (QYLE) 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.

Sharpe Ratios by Period

	QYLE	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	—	0.72	—

Dividends

QYLE vs. IWMI - Dividend Comparison

QYLE has not paid dividends to shareholders, while IWMI's dividend yield for the trailing twelve months is around 14.42%.

	TTM	2025	2024
QYLE Global X NASDAQ 100 ESG Covered Call ETF	0.00%	0.00%	0.00%
IWMI NEOS Russell 2000 High Income ETF	14.42%	14.05%	8.78%

Drawdowns

QYLE vs. IWMI - Drawdown Comparison

The maximum QYLE drawdown since its inception was 0.00%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for QYLE and IWMI.

Drawdown Indicators

	QYLE	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-23.88%	+23.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.42%	—
Current Drawdown Current decline from peak	0.00%	-4.80%	+4.80%
Average Drawdown Average peak-to-trough decline	0.00%	-4.44%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.70%	—

Volatility

Volatility by Period

	QYLE	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	0.00%	19.09%	-19.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.28%	-18.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.28%	-18.28%