RSPA vs. IWMI
Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) and NEOS Russell 2000 High Income ETF (IWMI).
RSPA and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPA is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Jul 17, 2025. 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: RSPA or IWMI.
Correlation
The correlation between RSPA and IWMI is 0.80, 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
RSPA vs. IWMI - Performance Comparison
Key characteristics
RSPA:
10.19%
IWMI:
16.13%
RSPA:
-6.15%
IWMI:
-8.88%
RSPA:
-2.25%
IWMI:
-4.46%
Returns By Period
The year-to-date returns for both investments are quite close, with RSPA having a 2.90% return and IWMI slightly higher at 3.01%.
RSPA
2.90%
0.98%
6.52%
N/A
N/A
N/A
IWMI
3.01%
1.00%
7.06%
N/A
N/A
N/A
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RSPA vs. IWMI - Expense Ratio Comparison
RSPA has a 0.29% expense ratio, which is lower than IWMI's 0.68% expense ratio.
Risk-Adjusted Performance
RSPA vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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
RSPA vs. IWMI - Dividend Comparison
RSPA's dividend yield for the trailing twelve months is around 4.72%, less than IWMI's 9.85% yield.
| TTM | 2024 | |
|---|---|---|
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF | 4.72% | 4.03% |
IWMI NEOS Russell 2000 High Income ETF | 9.85% | 8.78% |
Drawdowns
RSPA vs. IWMI - Drawdown Comparison
The maximum RSPA drawdown since its inception was -6.15%, smaller than the maximum IWMI drawdown of -8.88%. Use the drawdown chart below to compare losses from any high point for RSPA and IWMI. For additional features, visit the drawdowns tool.
Volatility
RSPA vs. IWMI - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) is 1.95%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 2.81%. This indicates that RSPA experiences smaller price fluctuations and is considered to be less risky than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.