SNDL vs. IWMI
SNDL (Sundial Growers Inc.) is a stock, while IWMI (NEOS Russell 2000 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past year, SNDL returned -17.95% vs 30.35% for IWMI. At a 0.41 correlation, their price movements are largely independent.
Performance
SNDL vs. IWMI - Performance Comparison
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Returns By Period
In the year-to-date period, SNDL achieves a -22.89% return, which is significantly lower than IWMI's 16.70% return.
SNDL
- 1D
- -0.78%
- 1M
- -11.11%
- 6M
- -20.50%
- YTD
- -22.89%
- 1Y
- -17.95%
- 3Y*
- -3.40%
- 5Y*
- -30.89%
- 10Y*
- —
IWMI
- 1D
- -0.40%
- 1M
- 1.97%
- 6M
- 11.09%
- YTD
- 16.70%
- 1Y
- 30.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNDL vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SNDL Sundial Growers Inc. | -22.89% | -7.26% | -4.79% |
IWMI NEOS Russell 2000 High Income ETF | 16.70% | 14.97% | 6.58% |
Correlation
The correlation between SNDL and IWMI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024 | 0.42 |
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Return for Risk
SNDL vs. IWMI — Risk / Return Rank
SNDL
IWMI
SNDL vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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.
| SNDL | IWMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 3.63 | -3.96 |
| Martin ratioReturn relative to average drawdown | -0.47 | 14.92 | -15.38 |
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Drawdowns
SNDL vs. IWMI - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.07%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for SNDL and IWMI.
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Drawdown Indicators
| SNDL | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -23.88% | -75.19% |
Max Drawdown (1Y)Largest decline over 1 year | -54.53% | -8.40% | -46.13% |
Max Drawdown (3Y)Largest decline over 3 years | -54.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -86.85% | — | — |
Current DrawdownCurrent decline from peak | -99.02% | -1.21% | -97.81% |
Average DrawdownAverage peak-to-trough decline | -94.49% | -3.92% | -90.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.63% | 2.04% | +36.59% |
Volatility
SNDL vs. IWMI - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 8.63% compared to NEOS Russell 2000 High Income ETF (IWMI) at 3.15%. This indicates that SNDL's price experiences larger fluctuations and is considered to be riskier than IWMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNDL | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.63% | 3.15% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 29.73% | 11.43% | +18.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.00% | 15.28% | +50.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.14% | 17.72% | +52.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.24% | 17.72% | +96.52% |
Dividends
SNDL vs. IWMI - Dividend Comparison
SNDL has not paid dividends to shareholders, while IWMI's dividend yield for the trailing twelve months is around 13.42%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IWMI NEOS Russell 2000 High Income ETF | 13.42% | 14.05% | 8.78% |
SNDL Sundial Growers Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNDL and IWMI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDL has higher volatility (8.63%) compared to IWMI (3.15%). In terms of maximum drawdown, SNDL dropped -99.07% vs IWMI's -23.88%.
IWMI currently has the higher Sharpe Ratio (2.00 vs -0.27), 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.
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