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IWMI vs IWM

NEOS Russell 2000 High Income ETF vs iShares Russell 2000 ETF

IWMI

NEOS Russell 2000 High Income ETF

Annual cost

0.68%

Fund size

$806M

IWM

iShares Russell 2000 ETF

Annual cost

0.19%

Fund size

$76.9B

Key differences

  • IWM costs 0.49% less per year.
  • IWM is significantly larger than IWMI — larger funds tend to be more liquid and less likely to close.
  • IWMI is classified as alternative, while IWM is equity — different risk/return profiles.
  • IWMI follows a option income strategy; IWM uses index tracking.
  • IWM has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

IWMIIWM
Annual cost (TER)0.68%0.19%
Fund size (AUM)$806M$76.9B
Since20242000
Dividend yield13.68%0.91%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+38.2%+44.9%
CAGR 3YN/A+19.6%
CAGR 5YN/A+7.2%
Sharpe 3YN/A0.78
Volatility 1Y14.84%19.29%
Max drawdown-23.88%-41.13%

Similar to IWMI and IWM