IWMIvsFESMETF Comparison
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NEOS Russell 2000 High Income ETF (IWMI) belongs to the Options Strategies segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. IWMI's top 3 sector exposures are Industrials, Information Technology and Financials. In contrast, FESM's top sector exposures are Information Technology, Industrials and Health Care. IWMI is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.28% for FESM. IWMI is up 16.29% year-to-date (YTD) with +$467M in YTD flows. FESM performs better with 24.69% YTD performance, and +$1.18B in YTD flows. Run a side-by-side ETF comparison of IWMI and FESM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IWMI vs FESM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWMI FESM | +6.19%+8.39% | +16.19%+24.99% | +16.29%+24.69% | +37.06%+53.31% | n/an/a | n/an/a |
| Flows | IWMI FESM | +$97M+$178M | +$244M+$464M | +$467M+$1.18B | +$709M+$2.29B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWMI FESM | +17.99%+21.49% | +15.37%+19.63% | n/an/a | n/an/a |
| Max drawdown | IWMI FESM | -4.64%-4.69% | -8.39%-10.11% | n/an/a | n/an/a |
| Max drawdown duration | IWMI FESM | 8d16d | 46d81d | n/an/a | n/an/a |
Trading data
IWMI | FESM | |
Last sale 6/18/2026 at 1:30 PM | $52.74 | $46.77 |
| Previous close 06/18/2026 | $51.85 | $45.90 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
IWMI | FESM | |
|---|---|---|
| Last price | $52.74 | $46.77 |
| 1D performance | +1.72% | +1.90% |
| AuM | $977.29 M | $5.52 B |
| E/R | 0.78% | 0.28% |
Characteristics
IWMI | FESM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | NEOS Investment Management | Fidelity |
| Benchmark | - | - |
| N° of holdings | 1598 | 569 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2024 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
IWMI
USA
92.72%
Other
7.28%
FESM
USA
91.39%
Other
8.61%
Sectors
IWMI
Industrials
16.51%
Information Techn.
16.22%
Financials
14.11%
Health Care
13.81%
Consumer Discreti.
8.21%
Other
31.14%
FESM
Information Techn.
18.26%
Industrials
17.82%
Health Care
14.44%
Financials
14.32%
Consumer Discreti.
7.02%
Other
28.14%
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Diversification
IWMI
Total weight of top 15 holdings out of 15
8.89%
FESM
Total weight of top 15 holdings out of 15
13.82%
Top 15 holdings
Data as of April 30, 2026
IWMI
BLOOM ENERGY CORP
1.90%
CREDO TECHNOLOGY GROUP HOLDING
0.86%
FABRINET
0.76%
COEUR MINING INC
0.56%
US65290E1010
0.53%
ECHOSTAR
0.51%
TTM TECHNOLOGIES
0.50%
STERLING INFRASTRUCTURE INC
0.47%
ADVANCED ENERGY INDUSTRIES
0.44%
MODINE MNFC CO
0.41%
IONQ
0.41%
SITIME CORP
0.39%
RAMBUS
0.38%
DYCOM INDUSTRIES
0.37%
VIAVI SOLUTIONS INC
0.37%
FESM
BLOOM ENERGY CORP
2.05%
CREDO TECHNOLOGY GROUP HOLDING
1.44%
FABRINET
1.27%
MAXLINEAR
1.02%
VICOR
0.84%
ENERSYS
0.80%
LUMEN TECHNOLOGIES INC
0.77%
COMMERCIAL METALS
0.75%
GUARDANT HEALTH INC
0.75%
STONEX GROUP INC
0.73%
KULICKE AND SOFFA INDUSTRIES
0.70%
RESIDEO TECHNOLOGIES
0.69%
HEALTHEQUITY I/D
0.68%
COEUR MINING INC
0.67%
CLEAR SECURE
0.66%
Frequently asked questions about IWMI and FESM
How have the IWMI and FESM ETFs performed in 2026?
As of June 18, 2026, IWMI is up 16.29% year-to-date (YTD), while FESM has returned 24.69%. That puts FESM better performer ahead so far this year.
Which ETF is attracting more investor money: IWMI or FESM?
Year-to-date, the IWMI ETF saw +$467M in flows, compared to +$1.18B for FESM.
Which ETF is more volatile: IWMI or FESM?
Over the past year, IWMI had a volatility of 15.37%, while FESM experienced 19.63%.
Which ETF is bigger: IWMI or FESM?
As of June 18, 2026, IWMI holds $977.29 M in assets under management (AUM), while FESM manages $5.52 B.
What sectors do the IWMI and FESM ETFs invest in?
IWMI leans toward sectors like Industrials, Information Technology and Financials. Meanwhile, FESM focuses on Information Technology, Industrials and Health Care.
What are the top holdings of the IWMI ETF and FESM ETF?
IWMI top holdings include BLOOM ENERGY CORP, CREDO TECHNOLOGY GROUP HOLDING and FABRINET. FESM holds in its top three: BLOOM ENERGY CORP, CREDO TECHNOLOGY GROUP HOLDING and FABRINET.
Which ETF is more diversified: IWMI or FESM?
IWMI holds 1945 securities with 8.89% of its assets in the top 15. FESM has 644 securities and a top 15 weight of 13.82%.
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Latest news about IWMI & FESM
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FESM
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FESM
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