XSPI vs. IWMI
Compare and contrast key facts about NEOS Boosted S&P 500 High Income ETF (XSPI) and NEOS Russell 2000 High Income ETF (IWMI).
XSPI and IWMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSPI is a passively managed fund by NEOS Investments that tracks the performance of the S&P 500. It was launched on Feb 2, 2026. IWMI is an actively managed fund by Neos. It was launched on Jun 24, 2024.
Performance
XSPI vs. IWMI - Performance Comparison
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XSPI vs. IWMI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XSPI NEOS Boosted S&P 500 High Income ETF | -6.20% |
IWMI NEOS Russell 2000 High Income ETF | -3.00% |
Returns By Period
XSPI
- 1D
- -0.20%
- 1M
- -5.08%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWMI
- 1D
- 0.61%
- 1M
- -2.25%
- YTD
- 1.97%
- 6M
- 5.27%
- 1Y
- 25.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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XSPI vs. IWMI - Expense Ratio Comparison
XSPI has a 0.98% expense ratio, which is higher than IWMI's 0.68% expense ratio.
Return for Risk
XSPI vs. IWMI — Risk / Return Rank
XSPI
IWMI
XSPI vs. IWMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Boosted S&P 500 High Income ETF (XSPI) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XSPI | IWMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.51 | 0.74 | -2.25 |
Correlation
The correlation between XSPI and IWMI is 0.87, 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.
Dividends
XSPI vs. IWMI - Dividend Comparison
XSPI's dividend yield for the trailing twelve months is around 3.06%, less than IWMI's 14.33% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
XSPI NEOS Boosted S&P 500 High Income ETF | 3.06% | 0.00% | 0.00% |
IWMI NEOS Russell 2000 High Income ETF | 14.33% | 14.05% | 8.78% |
Drawdowns
XSPI vs. IWMI - Drawdown Comparison
The maximum XSPI drawdown since its inception was -11.59%, smaller than the maximum IWMI drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for XSPI and IWMI.
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Drawdown Indicators
| XSPI | IWMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.59% | -23.88% | +12.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.40% | — |
Current DrawdownCurrent decline from peak | -7.07% | -4.22% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -4.44% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.72% | — |
Volatility
XSPI vs. IWMI - Volatility Comparison
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Volatility by Period
| XSPI | IWMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 19.09% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.82% | 18.26% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.82% | 18.26% | +3.56% |