Data as of Nov 4, 2026.
IWMI vs IWMY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, IWMY paid 28.6% of its price in cash against IWMI’s 15.0%, though IWMI returned more with it reinvested.
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Net assets: $1.3bn on Oct 28, 2026 for NEOS Russell 2000 High Income ETF, and $79m on Nov 3, 2026 for Defiance R2000 Weekly Distribution ETF.
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. Total return, distributions reinvested. IWMI over 1 year: paid 15.0%, price +2.8%, total +18.6%, IWM +19.0%, −0.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.11.1 pts behind IWM
IWMY over 1 year: paid 28.6%, price −21.4%, total +7.9%, IWM +19.0%, −11.1 pts. Data to Nov 4, 2026.
IWM
+19.0%
IWMY
+7.9%
28.6% of it arrived as cash
11.1 pts behind IWM
Total return, distributions reinvested
11.1 pts behind IWM
IWMY over 1 year: paid 28.6%, price −21.4%, total +7.9%, IWM +19.0%, −11.1 pts. Data to Nov 4, 2026.
IWM
+19.0%
IWMY
+7.9%
11.1 pts behind IWM
28.6% of it arrived as cash. Both charts share one scale, with zero at the line. IWMY over 1 year: paid 28.6%, price −21.4%, total +7.9%, IWM +19.0%, −11.1 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
IWMI costs 0.37 points a year less; their one-year returns differ by 10.7 points; IWMI is 16.3 times larger.
Points (pts) are percentage points.
| Measure | IWMI | IWMY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +18.6% | +7.9% |
| Price change, 1 year | rose 2.8% | fell 21.4% |
| Return of capital, issuer estimate | 76% of the Oct 23, 2026 payment | 100% of the Oct 30, 2026 payment |
| Against its benchmark | ||
| Benchmark | Russell 2000, measured through IWM | Russell 2000, measured through IWM |
| Cost and size | ||
| Expense ratio | 0.68% | 1.05% |
| Net assets, as of Oct 28, 2026 | $1.3bn | $80m |
| 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
Jul 5, 2024 to Oct 30, 2026 · 121 weekly returns · each against IWMFrom Jul 2024 to Oct 2026, IWMI returned more: +38.1% to +22.1%. IWMY swung slightly less: 15.3% to 15.7%. IWMY fell less at its worst: −16.3% to −21.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWMI | IWMY | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +38.1% | +22.1% | IWMI | Price change plus distributions, reinvested. | |
| Annualized | +14.9% | +8.9% | IWMI | Total return as a yearly rate. | |
| Price return | −1.6% | −60.0% | IWMI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 15.7% | 15.3% | IWMY (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.1% | 10.9% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −21.4% | −16.3% | IWMY | Deepest fall from a high to the low after it. | |
| Upside capture | 68.4% | 58.4% | 100.0% | IWMI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 83.9% | 84.3% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.77 | 0.71 | 1.00 | IWMY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.86 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.70 | 0.36 | IWMI | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.99 | 0.51 | IWMI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.142 | 0.078 | 0.130 | IWMI | Return above Treasury bills per unit of beta. |
| Calmar | 0.70 | 0.55 | IWMI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWM | IWM | IWM | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | −3.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.42 | −0.97 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.3% to +5.1% | −11.3% to +3.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.38 | −0.92 | IWMI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 8.2% | 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, 121 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWMI and IWMY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 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 | IWMI | IWMY | IWMI | IWMY | IWMI | IWMY |
| 3 months | −3.0% | −6.1% | 3.4% | 7.0% | +2.0 pts | −1.1 pts |
| 6 months | +1.9% | −2.3% | 7.0% | 14.0% | +2.3 pts | −1.8 pts |
| 1 year | +18.6% | +7.9% | 15.0% | 28.6% | −0.3 pts | −11.0 pts |
| 3 years | – | +36.8% | – | 90.4% | – | −31.5 pts |
| Since launchNot the same days: IWMI Jun 2024 · IWMY Oct 2023 | +40.5% | +40.4% | 34.4% | 92.7% | −4.6 pts | −38.1 pts |
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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). That is a tax label, not a measure of erosion.
IWMY
Over the year to Nov 4, 2026, IWMY paid 28.6% of its starting value in cash distributions while its price fell 21.4%. With every distribution reinvested, the fund returned +7.9%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was behind by 11.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 29.9%, paid weekly. Defiance estimates that 100% of the distribution paid Oct 30, 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, IWMI against IWMY, data as of Nov 4, 2026. https://etfiq.com/compare/income/iwmi-vs-iwmy
ETFIQ. (Nov 4, 2026). IWMI against IWMY. Retrieved from https://etfiq.com/compare/income/iwmi-vs-iwmy
[IWMI against IWMY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/iwmi-vs-iwmy)
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