NEOS Russell 2000 High Income ETF (IWMI) Performance
IWMI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.8% since Dec 31, 2025
- 1 year
- +14.1% total return
- Since first price
- +37.0% since 2024
IWMI trailing returns vs SPY, QQQ, AGG
| Period | IWMI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −2.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.6% | −7.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.5% | −4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +11.8% | −0.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.1% | −1.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 25, 2024 | +37.0% | −3.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IWMI vs SPY
From Jun 25, 2024: IWMI grew to $13,703, SPY to $14,314.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IWMI returns by calendar year
1 of 1 full years positive. Best 2025 (+15.0%), worst 2025 (+15.0%). 2026 is year to date.
IWMI annual returns table
| Year | IWMI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.8% | −8.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.0% | −21.0% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IWMI largest drawdowns
Now 6.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −23.9% | Apr 8, 2025 | Sep 4, 2025 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IWMI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +14.5% |
| Volatility (annualized) | 13.9% |
| Sharpe ratio | 0.75 |
| Sortino ratio | 1.21 |
| Best month | +8.9% |
| Worst month | −7.2% |
| Best 12 months | +38.5% |
| Worst 12 months | +1.7% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IWMI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | +1.7% | +16.4% | +38.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
IWMI performance overview
NEOS Russell 2000 High Income ETF (IWMI) returned +14.1% over the past year, with distributions reinvested. Since its first recorded price on Jun 25, 2024 it has returned +37.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −23.9%, from Nov 29, 2024 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 13.9% a year.
Related: IWMI chart, IWMI dividends. See the IWMI overview for the latest quote and fund facts.
IWMI performance FAQ
What is the IWMI return over the past year?
IWMI returned +14.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.2%.
How much would $10,000 invested in IWMI be worth?
$10,000 invested in IWMI at its first recorded close on June 25, 2024 would be worth about $13,703 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IWMI?
The largest peak-to-trough decline was −23.9% between November 29, 2024 and April 8, 2025. It recovered to the old high on September 4, 2025, 5 months after the bottom.
How volatile is IWMI?
Over the past history IWMI had an annualized volatility of 13.9% and a Sharpe ratio of 0.75 (excess return over 1–3 month T-bills per unit of risk).