IWMIvsIWMWETF Comparison
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NEOS Russell 2000 High Income ETF (IWMI) and iShares Russell 2000 BuyWrite ETF (IWMW) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Industrials, Health Care and Financials. IWMI is more expensive with a Total Expense Ratio (TER) of 0.78%, versus 0.39% for IWMW. IWMI is up 10.25% year-to-date (YTD) with +$335M in YTD flows. IWMW performs worse with 5.6% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of IWMI and IWMW 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 IWMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWMI IWMW | +8.72%+4.98% | +5.17%+3.11% | +10.25%+5.60% | +38.01%+23.80% | n/an/a | n/an/a |
| Flows | IWMI IWMW | +$96M+$3M | +$237M+$7M | +$335M+$16M | +$596M+$30M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWMI IWMW | +18.33%+15.67% | +14.88%+12.31% | n/an/a | n/an/a |
| Max drawdown | IWMI IWMW | -8.39%-6.92% | -8.39%-6.92% | n/an/a | n/an/a |
| Max drawdown duration | IWMI IWMW | 46d62d | 46d62d | n/an/a | n/an/a |
Trading data
IWMI | IWMW | |
Last sale 5/1/2026 at 1:30 PM | $51.23 | $38.69 |
| Previous close 04/29/2026 | $51.02 | $38.53 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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IWMI
is actively managed and doesn’t replicate an indexIWMI | IWMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/1/2026 at 1:30 PM
Live
Closed
IWMI | IWMW | |
|---|---|---|
| Last price | $51.23 | $38.69 |
| 1D performance | +0.41% | +0.41% |
| AuM | $817.91 M | $51.00 M |
| E/R | 0.78% | 0.39% |
Characteristics
IWMI | IWMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | NEOS Investment Management | iShares |
| Benchmark | - | Cboe FTSE Russell IWM 2% OTM BuyWrite Index |
| N° of holdings | 1612 | 1612 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 25, 2024 | March 14, 2024 |
| ESG | No | No |
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Exposure
Countries
IWMI
USA
89.36%
Other
10.64%
IWMW
USA
93.98%
Other
6.02%
Sectors
IWMI
Industrials
14.97%
Health Care
14.66%
Financials
14.06%
Information Techn.
13.7%
Consumer Discreti.
8.17%
Other
34.43%
IWMW
Industrials
15.67%
Health Care
15.36%
Financials
14.76%
Information Techn.
14.35%
Consumer Discreti.
8.57%
Other
31.3%
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Diversification
IWMI
Total weight of top 15 holdings out of 15
7.3%
IWMW
Total weight of top 15 holdings out of 15
7.64%
Top 15 holdings
Data as of March 31, 2026
IWMI
BLOOM ENERGY CORP
0.98%
COEUR MINING INC
0.63%
FABRINET
0.62%
US65290E1010
0.58%
ECHOSTAR
0.52%
CREDO TECHNOLOGY GROUP HOLDING
0.50%
KRATOS DEFENSE AND SECURITY SOLS
0.42%
ADVANCED ENERGY INDUSTRIES
0.40%
STERLING INFRASTRUCTURE INC
0.40%
HECLA MINING
0.39%
BRIDGEBIO PHARMA
0.39%
GUARDANT HEALTH INC
0.38%
MODINE MNFC CO
0.38%
ENSIGN GROUP
0.37%
TTM TECHNOLOGIES
0.33%
IWMW
BLOOM ENERGY CORP
1.02%
COEUR MINING INC
0.66%
FABRINET
0.65%
US65290E1010
0.61%
ECHOSTAR
0.55%
CREDO TECHNOLOGY GROUP HOLDING
0.52%
KRATOS DEFENSE AND SECURITY SOLS
0.44%
ADVANCED ENERGY INDUSTRIES
0.42%
STERLING INFRASTRUCTURE INC
0.42%
HECLA MINING
0.41%
BRIDGEBIO PHARMA
0.41%
GUARDANT HEALTH INC
0.40%
MODINE MNFC CO
0.39%
ENSIGN GROUP
0.39%
TTM TECHNOLOGIES
0.35%
Frequently asked questions about IWMI and IWMW
How have the IWMI and IWMW ETFs performed in 2026?
As of May 1, 2026, IWMI is up 10.25% year-to-date (YTD), while IWMW has returned 5.6%. That puts IWMI better performer ahead so far this year.
Which ETF is attracting more investor money: IWMI or IWMW?
Year-to-date, the IWMI ETF saw +$335M in flows, compared to +$16M for IWMW.
Which ETF is more volatile: IWMI or IWMW?
Over the past year, IWMI had a volatility of 14.88%, while IWMW experienced 12.31%.
Which ETF is bigger: IWMI or IWMW?
As of May 1, 2026, IWMI holds $817.91 M in assets under management (AUM), while IWMW manages $51.00 M.
What sectors do the IWMI and IWMW ETFs invest in?
IWMI leans toward sectors like Industrials, Health Care and Financials. Meanwhile, IWMW focuses on Industrials, Health Care and Financials.
What are the top holdings of the IWMI ETF and IWMW ETF?
IWMI top holdings include BLOOM ENERGY CORP, COEUR MINING INC and FABRINET. IWMW holds in its top three: BLOOM ENERGY CORP, COEUR MINING INC and FABRINET.
Which ETF is more diversified: IWMI or IWMW?
IWMI holds 1948 securities with 7.3% of its assets in the top 15. IWMW has 1934 securities and a top 15 weight of 7.64%.
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