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IWMWvsSPYIETF Comparison

ETF 1

IWMW

iShares Russell 2000 BuyWrite ETF

This fund is part of

Options Strategies

+0%

Full IWMW fund page

VS

ETF 2

SPYI

NEOS S&P 500 High Income ETF

This fund is part of

Options Strategies

+0%

Full SPYI fund page

iShares Russell 2000 BuyWrite ETF (IWMW) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. IWMW's top 3 sector exposures are Industrials, Health Care and Financials. In contrast, SPYI's top sector exposures are Information Technology, Communication Services and Financials. IWMW is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.68% for SPYI. IWMW is up 1.16% year-to-date (YTD) with +$13M in YTD flows. SPYI performs worse with -2.38% YTD performance, and +$1.81B in YTD flows. Run a side-by-side ETF comparison of IWMW and SPYI 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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IWMW vs SPYI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IWMW SPYI	-3.22%-3.60%	+0.34%-2.58%	+1.16%-2.38%	+14.05%+16.26%	n/a+49.63%	n/an/a
Flows	IWMW SPYI	+$4M+$569M	+$13M+$1.81B	+$13M+$1.81B	+$27M+$5.21B	-+$8.44B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IWMW SPYI	+15.73%+13.09%	+17.56%+16.31%	n/a+12.50%	n/an/a
Max drawdown	IWMW SPYI	-6.92%-7.69%	-12.94%-11.16%	n/a-16.58%	n/an/a
Max drawdown duration	IWMW SPYI	35d36d	68d29d	n/a125d	n/an/a

Trading data

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	IWMW	SPYI
Last sale 4/2/2026 at 1:30 PM	$36.98	$49.72
Previous close 04/02/2026	$37.50	$49.65
Consolidated volume 04/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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SPYI

is actively managed and doesn’t replicate an index

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	IWMW	SPYI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/2/2026 at 1:30 PM

Live

Closed

	IWMW	SPYI
Last price	$36.98	$49.72
1D performance	-1.40%	+0.15%
AuM	$45.89 M	$8.25 B
E/R	0.39%	0.68%

Characteristics

	IWMW	SPYI
Management strategy	Passive	Active
Provider	iShares	NEOS Investment Management
Benchmark	Cboe FTSE Russell IWM 2% OTM BuyWrite Index	-
N° of holdings	1624	479
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	March 14, 2024	August 30, 2022
ESG	No	No

More IWMW data on Trackinsight

More SPYI data on Trackinsight

Exposure

Countries

IWMW

USA

93.6%

Other

6.4%

SPYI

USA

96.78%

Other

3.22%

Sectors

IWMW

Industrials

16.32%

Health Care

15.24%

Financials

14.57%

Information Techn.

14.44%

Consumer Discreti.

8.98%

Other

30.45%

SPYI

Information Techn.

33.85%

Communication Ser.

10.24%

Financials

10.23%

Consumer Discreti.

10.09%

Health Care

9.57%

Industrials

8.55%

Other

17.47%

Diversification

IWMW

Total weight of top 15 holdings out of 15

7.89%

SPYI

Total weight of top 15 holdings out of 15

42.6%

Top 15 holdings

Data as of February 28, 2026

IWMW

BLOOM ENERGY CORP

1.12%

FABRINET

0.65%

COEUR MINING INC

0.57%

CREDO TECHNOLOGY GROUP HOLDING

0.57%

HECLA MINING

0.52%

ECHOSTAR

0.52%

US65290E1010

0.51%

US0669224778

0.50%

KRATOS DEFENSE AND SECURITY SOLS

0.47%

IONQ

0.43%

STERLING INFRASTRUCTURE INC

0.42%

ADVANCED ENERGY INDUSTRIES

0.42%

ENSIGN GROUP

0.40%

MODINE MNFC CO

0.39%

DYCOM INDUSTRIES

0.39%

SPYI

NVIDIA

7.88%

APPLE

6.77%

MICROSOFT-T

4.86%

AMAZON.COM INC

3.42%

ALPHABET INC-CL

3.07%

BROADCOM LIMITED

2.59%

ALPHABET INC-CL

2.45%

META PLATFORMS

2.34%

TESLA

1.94%

BERKSHIRE HATHWAY

1.52%

LILLY

1.39%

JPMORGAN CHASE

1.36%

EXXON

1.07%

JOHNSON&JOHNSON

1.00%

WALMART INC

0.94%

Frequently asked questions about IWMW and SPYI

How have the IWMW and SPYI ETFs performed in 2026?

As of April 2, 2026, IWMW is up 1.16% year-to-date (YTD), while SPYI has lost -2.38%. That puts IWMW better performer ahead so far this year.

Which ETF is attracting more investor money: IWMW or SPYI?

Year-to-date, the IWMW ETF saw +$13M in flows, compared to +$1.81B for SPYI.

Which ETF is more volatile: IWMW or SPYI?

Over the past year, IWMW had a volatility of 17.56%, while SPYI experienced 16.31%.

Which ETF is bigger: IWMW or SPYI?

As of April 2, 2026, IWMW holds $45.89 M in assets under management (AUM), while SPYI manages $8.25 B.

What sectors do the IWMW and SPYI ETFs invest in?

IWMW leans toward sectors like Industrials, Health Care and Financials. Meanwhile, SPYI focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the IWMW ETF and SPYI ETF?

IWMW top holdings include BLOOM ENERGY CORP, FABRINET and COEUR MINING INC. SPYI holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: IWMW or SPYI?

IWMW holds 1930 securities with 7.89% of its assets in the top 15. SPYI has 502 securities and a top 15 weight of 42.6%.

4 Ways to Generate Income with ETFs

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SPYI

ETF Comparison: JPMorgan Equity Premium Income ETF (JEPI) Versus NEOS S&P 500 High Income ETF (SPYI)

June 6, 2025

SPYI

IWMWvsSPYIETF Comparison

iShares Russell 2000 BuyWrite ETF

NEOS S&P 500 High Income ETF

IWMW vs SPYI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IWMW and SPYI ETFs performed in 2026?

As of April 2, 2026, IWMW is up 1.16% year-to-date (YTD), while SPYI has lost -2.38%. That puts IWMW better performer ahead so far this year.

Which ETF is attracting more investor money: IWMW or SPYI?

Year-to-date, the IWMW ETF saw +$13M in flows, compared to +$1.81B for SPYI.

Which ETF is more volatile: IWMW or SPYI?

Over the past year, IWMW had a volatility of 17.56%, while SPYI experienced 16.31%.

Which ETF is bigger: IWMW or SPYI?

As of April 2, 2026, IWMW holds $45.89 M in assets under management (AUM), while SPYI manages $8.25 B.

What sectors do the IWMW and SPYI ETFs invest in?

IWMW leans toward sectors like Industrials, Health Care and Financials. Meanwhile, SPYI focuses on Information Technology, Communication Services and Financials.

What are the top holdings of the IWMW ETF and SPYI ETF?

IWMW top holdings include BLOOM ENERGY CORP, FABRINET and COEUR MINING INC. SPYI holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: IWMW or SPYI?

IWMW holds 1930 securities with 7.89% of its assets in the top 15. SPYI has 502 securities and a top 15 weight of 42.6%.

4 Ways to Generate Income with ETFs

ETF Comparison: JPMorgan Equity Premium Income ETF (JEPI) Versus NEOS S&P 500 High Income ETF (SPYI)

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