TYGO vs. IWMI

Last updated Jun 4, 2026

TYGO (Tigo Energy Inc.) is a stock, while IWMI (NEOS Russell 2000 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past year, TYGO returned 221.30% vs 34.38% for IWMI. At a 0.31 correlation, their price movements are largely independent.

Performance

TYGO vs. IWMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tigo Energy Inc. (TYGO) 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, TYGO achieves a 151.45% return, which is significantly higher than IWMI's 13.36% return.

TYGO

• 1D: -7.71%
• 1M: -25.54%
• YTD: 151.45%
• 6M: 112.88%
• 1Y: 221.30%
• 3Y*: -40.85%
• 5Y*: —
• 10Y*: —

IWMI

• 1D: -1.02%
• 1M: 3.18%
• YTD: 13.36%
• 6M: 13.24%
• 1Y: 34.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYGO vs. IWMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYGO Tigo Energy Inc.	151.45%	40.12%	-27.04%
IWMI NEOS Russell 2000 High Income ETF	13.36%	14.97%	6.61%

Correlation

The correlation between TYGO and IWMI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.31

Return for Risk

TYGO vs. IWMI — Risk / Return Rank

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

TYGO

TYGO Risk / Return Rank: 87
TYGO Sharpe Ratio Rank: 90
TYGO Sortino Ratio Rank: 86
TYGO Omega Ratio Rank: 83
TYGO Calmar Ratio Rank: 89
TYGO Martin Ratio Rank: 88

IWMI

IWMI Risk / Return Rank: 73
IWMI Sharpe Ratio Rank: 69
IWMI Sortino Ratio Rank: 69
IWMI Omega Ratio Rank: 66
IWMI Calmar Ratio Rank: 79
IWMI Martin Ratio Rank: 83

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.

TYGO vs. IWMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tigo Energy Inc. (TYGO) 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.

	TYGO	IWMI	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.33	-0.12
Sortino ratio: Return per unit of downside risk	2.82	3.25	-0.43
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio: Return relative to maximum drawdown	4.49	4.11	+0.38
Martin ratio: Return relative to average drawdown	10.90	17.09	-6.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYGO vs. IWMI - Sharpe Ratio Comparison

The current TYGO Sharpe Ratio is 2.21, which is comparable to the IWMI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TYGO 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.

Sharpe Ratios by Period

	TYGO	IWMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.33	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	1.04	-1.26

Drawdowns

TYGO vs. IWMI - Drawdown Comparison

The maximum TYGO drawdown since its inception was -97.45%, which is greater than IWMI's maximum drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for TYGO and IWMI.

Drawdown Indicators

	TYGO	IWMI	Difference
Max Drawdown Largest peak-to-trough decline	-97.45%	-23.88%	-73.57%
Max Drawdown (1Y) Largest decline over 1 year	-49.64%	-8.40%	-41.24%
Max Drawdown (3Y) Largest decline over 3 years	-97.45%	—	—
Current Drawdown Current decline from peak	-86.79%	-1.02%	-85.77%
Average Drawdown Average peak-to-trough decline	-55.34%	-4.12%	-51.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.41%	2.02%	+18.39%

Volatility

TYGO vs. IWMI - Volatility Comparison

Tigo Energy Inc. (TYGO) has a higher volatility of 23.74% compared to NEOS Russell 2000 High Income ETF (IWMI) at 4.31%. This indicates that TYGO'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.

Volatility by Period

	TYGO	IWMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.74%	4.31%	+19.43%
Volatility (6M) Calculated over the trailing 6-month period	77.65%	10.74%	+66.91%
Volatility (1Y) Calculated over the trailing 1-year period	100.73%	14.84%	+85.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.17%	17.89%	+74.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.17%	17.89%	+74.28%

Dividends

TYGO vs. IWMI - Dividend Comparison

TYGO has not paid dividends to shareholders, while IWMI's dividend yield for the trailing twelve months is around 13.52%.

Position	TTM	2025	2024
IWMI NEOS Russell 2000 High Income ETF	13.52%	14.05%	8.78%
TYGO Tigo Energy Inc.	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYGO and IWMI in my portfolio?

TYGO and IWMI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYGO or IWMI?

TYGO has higher volatility (23.74%) compared to IWMI (4.31%). In terms of maximum drawdown, TYGO dropped -97.45% vs IWMI's -23.88%.

Which has better risk-adjusted returns?

IWMI currently has the higher Sharpe Ratio (2.33 vs 2.21), 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.