Data as of Nov 4, 2026.
FTKI vs IWMI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, IWMI paid 15.0% of its price in cash against FTKI’s 12.5%, though FTKI returned more with it reinvested.
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Net assets: $25m on Nov 3, 2026 for First Trust Small Cap BuyWrite Income ETF, and $1.3bn on Oct 28, 2026 for NEOS Russell 2000 High Income ETF.
1.3 pts ahead of IWM
FTKI over 1 year: paid 12.5%, price +6.9%, total +20.3%, IWM +19.0%, +1.3 pts. Data to Nov 4, 2026.
IWM
+19.0%
FTKI
+20.3%
12.5% of it arrived as cash
1.3 pts ahead of IWM
Total return, distributions reinvested
1.3 pts ahead of IWM
FTKI over 1 year: paid 12.5%, price +6.9%, total +20.3%, IWM +19.0%, +1.3 pts. Data to Nov 4, 2026.
IWM
+19.0%
FTKI
+20.3%
12.5% cash
1.3 pts ahead of IWM
12.5% of it arrived as cash. Total return, distributions reinvested. FTKI over 1 year: paid 12.5%, price +6.9%, total +20.3%, IWM +19.0%, +1.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.About even with IWM
IWMI over 1 year: paid 15.0%, price +2.8%, total +18.6%, IWM +19.0%, −0.4 pts. Data to Nov 4, 2026.
IWM
+19.0%
IWMI
+18.6%
15.0% of it arrived as cash
about even with IWM
Total return, distributions reinvested
About even with IWM
IWMI over 1 year: paid 15.0%, price +2.8%, total +18.6%, IWM +19.0%, −0.4 pts. Data to Nov 4, 2026.
IWM
+19.0%
IWMI
+18.6%
15.0% as cash
about even with IWM
15.0% of it arrived as cash. Both charts share one scale, 0 to +20.3%. IWMI over 1 year: paid 15.0%, price +2.8%, total +18.6%, IWM +19.0%, −0.4 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +20.3%. Data to Nov 4, 2026.Pair scorecard
IWMI costs 0.18 points a year less; their one-year returns differ by 1.7 points; IWMI is far larger, $1.3bn against $26m.
Points (pts) are percentage points.
| Measure | FTKI | IWMI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +20.3% | +18.6% |
| Price change, 1 year | rose 6.9% | rose 2.8% |
| Return of capital, issuer estimate | 93% of the Oct 30, 2026 payment | 76% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | Russell 2000, measured through IWM | Russell 2000, measured through IWM |
| Cost and size | ||
| Expense ratio | 0.86% | 0.68% |
| Net assets, as of Oct 28, 2026 | $26m | $1.3bn |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Mar 7, 2025 to Oct 30, 2026 · 86 weekly returns · each against IWMFrom Mar 2025 to Oct 2026, IWMI returned more: +37.1% to +21.6%. FTKI swung less: 11.3% to 14.3%. FTKI fell less at its worst: −9.3% to −10.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FTKI | IWMI | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +21.6% | +37.1% | IWMI | Price change plus distributions, reinvested. | |
| Annualized | +12.6% | +21.0% | IWMI | Total return as a yearly rate. | |
| Price return | +0.7% | +7.8% | IWMI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 11.3% | 14.3% | FTKI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 8.8% | 9.8% | FTKI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −9.3% | −10.7% | FTKI | Deepest fall from a high to the low after it. | |
| Upside capture | 31.6% | 72.5% | 100.0% | IWMI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 47.0% | 81.6% | 100.0% | FTKI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.47 | 0.79 | 1.00 | FTKI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.56 | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.76 | 1.13 | IWMI | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.97 | 1.65 | IWMI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.180 | 0.205 | 0.172 | IWMI | Return above Treasury bills per unit of beta. |
| Calmar | 1.35 | 1.97 | IWMI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWM | IWM | IWM | The ETF each fund is measured against. | |
| Alpha | +0.4% a year | +2.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.06 | 1.28 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −11.3% to +12.1% | −1.5% to +6.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.72 | −0.21 | IWMI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.0% | 4.6% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 86 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FTKI and IWMI hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | FTKI | IWMI | FTKI | IWMI | FTKI | IWMI |
| 3 months | +0.5% | −3.0% | 2.9% | 3.4% | +5.5 pts | +2.0 pts |
| 6 months | +4.6% | +1.9% | 5.9% | 7.0% | +5.1 pts | +2.3 pts |
| 1 year | +20.3% | +18.6% | 12.5% | 15.0% | +1.3 pts | −0.3 pts |
| Since launchNot the same days: FTKI Feb 2025 · IWMI Jun 2024 | +19.9% | +40.5% | 18.3% | 34.4% | −16.2 pts | −4.6 pts |
Client brief:
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FTKI
Over the year to Nov 4, 2026, FTKI paid 12.5% of its starting value in cash distributions while its price rose 6.9%. With every distribution reinvested, the fund returned +20.3%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was ahead by 1.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.7%, paid monthly. First Trust estimates that 93% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
IWMI
Over the year to Nov 4, 2026, IWMI paid 15.0% of its starting value in cash distributions while its price rose 2.8%. With every distribution reinvested, the fund returned +18.6%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 13.9%, paid monthly. NEOS estimates that 76% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, FTKI against IWMI, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftki-vs-iwmi
ETFIQ. (Nov 4, 2026). FTKI against IWMI. Retrieved from https://etfiq.com/compare/income/ftki-vs-iwmi
[FTKI against IWMI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ftki-vs-iwmi)
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