Correlation
The correlation between SMIG and IWMI is 0.75, 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.
SMIG vs. IWMI
Compare and contrast key facts about Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and NEOS Russell 2000 High Income ETF (IWMI).
SMIG and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021. 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: SMIG or IWMI.
Performance
SMIG vs. IWMI - Performance Comparison
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Key characteristics
SMIG:
17.76%
IWMI:
20.85%
SMIG:
-19.65%
IWMI:
-23.88%
SMIG:
-8.55%
IWMI:
-10.75%
Returns By Period
In the year-to-date period, SMIG achieves a -0.08% return, which is significantly higher than IWMI's -3.77% return.
SMIG
-0.08%
4.49%
-8.55%
9.79%
8.79%
N/A
N/A
IWMI
-3.77%
5.45%
-10.39%
N/A
N/A
N/A
N/A
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SMIG vs. IWMI - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is lower than IWMI's 0.68% expense ratio.
Risk-Adjusted Performance
SMIG vs. IWMI — Risk-Adjusted Performance Rank
SMIG
IWMI
SMIG vs. IWMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) 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
SMIG vs. IWMI - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.75%, less than IWMI's 16.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.75% | 1.75% | 1.91% | 2.01% | 0.50% |
IWMI NEOS Russell 2000 High Income ETF | 16.04% | 8.78% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMIG vs. IWMI - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SMIG and IWMI.
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Volatility
SMIG vs. IWMI - Volatility Comparison
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