SDIV vs. IWMI

Last updated Jun 21, 2026

SDIV (Global X SuperDividend ETF) and IWMI (NEOS Russell 2000 High Income ETF) are both exchange-traded funds - SDIV is a Global Equities fund tracking the Solactive Global SuperDividend Index, while IWMI is a Derivative Income fund actively managed by Neos. SDIV is passively managed, while IWMI is actively managed. Over the past year, SDIV returned 20.13% vs 37.32% for IWMI. A 0.63 correlation means they provide meaningful diversification when combined. SDIV charges 0.58%/yr vs 0.68%/yr for IWMI.

Performance

SDIV vs. IWMI - Performance Comparison

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

Returns By Period

In the year-to-date period, SDIV achieves a 4.37% return, which is significantly lower than IWMI's 16.41% return.

SDIV

• 1D: -0.41%
• 1M: -3.17%
• YTD: 4.37%
• 6M: 5.16%
• 1Y: 20.13%
• 3Y*: 13.47%
• 5Y*: -0.45%
• 10Y*: -0.25%

IWMI

• 1D: 1.72%
• 1M: 3.75%
• YTD: 16.41%
• 6M: 14.83%
• 1Y: 37.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDIV vs. IWMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SDIV Global X SuperDividend ETF	4.37%	29.12%	-1.20%
IWMI NEOS Russell 2000 High Income ETF	16.41%	14.97%	6.58%

Correlation

The correlation between SDIV and IWMI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.63

The correlation between SDIV and IWMI has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

SDIV vs. IWMI - Sectors Allocation Comparison

Sectors	SDIV	IWMI
Real Estate	36.7%	6.1%
Energy	17.2%	6.1%
Industrials	14.7%	17.7%
Financial Services	9.1%	15.7%
Communication Services	6.3%	2.4%
Consumer Cyclical	5.6%	8.4%
Consumer Defensive	3.7%	2.4%
Basic Materials	2.9%	4.8%
Technology	1.6%	17.0%
Healthcare	1.3%	16.5%
Utilities	1.0%	2.9%

Return for Risk

SDIV vs. IWMI — Risk / Return Rank

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

SDIV

SDIV Risk / Return Rank: 48
SDIV Sharpe Ratio Rank: 45
SDIV Sortino Ratio Rank: 43
SDIV Omega Ratio Rank: 42
SDIV Calmar Ratio Rank: 56
SDIV Martin Ratio Rank: 52

IWMI

IWMI Risk / Return Rank: 82
IWMI Sharpe Ratio Rank: 80
IWMI Sortino Ratio Rank: 80
IWMI Omega Ratio Rank: 76
IWMI Calmar Ratio Rank: 85
IWMI Martin Ratio Rank: 88

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.

SDIV vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend ETF (SDIV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SDIV	IWMI	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.42	-0.90
Sortino ratio: Return per unit of downside risk	2.11	3.33	-1.22
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.63	4.43	-1.80
Martin ratio: Return relative to average drawdown	8.40	18.24	-9.84

SDIV vs. IWMI - Sharpe Ratio Comparison

The current SDIV Sharpe Ratio is 1.52, which is lower than the IWMI Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of SDIV and IWMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDIV vs. IWMI - Drawdown Comparison

The maximum SDIV drawdown since its inception was -56.90%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SDIV and IWMI.

Drawdown Indicators

	SDIV	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-23.88%	-33.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.35%	-8.40%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.90%	—	—
Current Drawdown Current decline from peak	-19.01%	0.00%	-19.01%
Average Drawdown Average peak-to-trough decline	-18.58%	-4.04%	-14.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.03%	+0.26%

Volatility

SDIV vs. IWMI - Volatility Comparison

The current volatility for Global X SuperDividend ETF (SDIV) is 4.26%, while NEOS Russell 2000 High Income ETF (IWMI) has a volatility of 5.41%. This indicates that SDIV 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.

Volatility by Period

	SDIV	IWMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	5.41%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	11.46%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	15.38%	-2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	17.97%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	17.97%	+1.00%

SDIV vs. IWMI - Expense Ratio Comparison

SDIV has a 0.58% expense ratio, which is lower than IWMI's 0.68% expense ratio.

Dividends

SDIV vs. IWMI - Dividend Comparison

SDIV's dividend yield for the trailing twelve months is around 9.38%, less than IWMI's 14.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWMI NEOS Russell 2000 High Income ETF	14.51%	14.05%	8.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDIV Global X SuperDividend ETF	9.38%	9.59%	11.33%	11.73%	14.17%	8.95%	7.96%	8.73%	9.22%	6.66%	6.95%	7.33%

Frequently Asked Questions

Can I hold both SDIV and IWMI in my portfolio?

SDIV and IWMI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDIV or IWMI?

IWMI has higher volatility (5.41%) compared to SDIV (4.26%). In terms of maximum drawdown, SDIV dropped -56.90% vs IWMI's -23.88%.

Which ETF is better, SDIV or IWMI?

On 1-year performance, IWMI leads with 37.32% vs 20.13% for SDIV. On fees, SDIV is cheaper at 0.58% per year. On volatility, SDIV has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDIV or IWMI?

Over the 1-year period, IWMI has performed better with a 37.32% return vs 20.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDIV or IWMI?

SDIV is cheaper with a 0.58% expense ratio, compared with 0.68% for IWMI.

Which ETF pays a higher dividend yield, SDIV or IWMI?

IWMI has the higher dividend yield at 14.51%, compared with 9.38% for SDIV.

What is the main difference between SDIV and IWMI?

SDIV is categorized as Global Equities, while IWMI is Derivative Income. They also come from different issuers: Global X and Neos. Their fees differ too: 0.58% for SDIV and 0.68% for IWMI.

Which has better risk-adjusted returns?

IWMI currently has the higher Sharpe Ratio (2.42 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.