Correlation
The correlation between SCAP and IWMI is 0.74, 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.
SCAP vs. IWMI
Compare and contrast key facts about Infracap Small Cap Income ETF (SCAP) and NEOS Russell 2000 High Income ETF (IWMI).
SCAP and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCAP is an actively managed fund by InfraCap. It was launched on Dec 11, 2023. 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: SCAP or IWMI.
Performance
SCAP vs. IWMI - Performance Comparison
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Key characteristics
SCAP:
22.16%
IWMI:
20.72%
SCAP:
-24.13%
IWMI:
-23.88%
SCAP:
-12.10%
IWMI:
-11.01%
Returns By Period
In the year-to-date period, SCAP achieves a -4.56% return, which is significantly lower than IWMI's -4.05% return.
SCAP
-4.56%
4.23%
-11.73%
3.04%
N/A
N/A
N/A
IWMI
-4.05%
4.14%
-11.01%
N/A
N/A
N/A
N/A
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SCAP vs. IWMI - Expense Ratio Comparison
SCAP has a 0.80% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Risk-Adjusted Performance
SCAP vs. IWMI — Risk-Adjusted Performance Rank
SCAP
IWMI
SCAP vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Infracap Small Cap Income ETF (SCAP) 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.
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Dividends
SCAP vs. IWMI - Dividend Comparison
SCAP's dividend yield for the trailing twelve months is around 7.71%, less than IWMI's 16.09% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SCAP Infracap Small Cap Income ETF | 7.71% | 6.89% | 0.27% |
IWMI NEOS Russell 2000 High Income ETF | 16.09% | 8.78% | 0.00% |
Drawdowns
SCAP vs. IWMI - Drawdown Comparison
The maximum SCAP drawdown since its inception was -24.13%, roughly equal to the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SCAP and IWMI.
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Volatility
SCAP vs. IWMI - Volatility Comparison
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