Data as of .
IWMI vs RDTE: which paid, and which earned it?
Over the year RDTE paid 34.6% of its price in cash against IWMI’s 15.9%, though IWMI returned more with it reinvested.
ETFIQ Return Stability Score: IWMI scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, IWMI and RDTE hold 0% of their money in the same securities at the same weight.
| Only in IWMI | Only in RDTE |
|---|---|
| Vanguard Russell 2000 ETF 100.10% | RUT 03/19/2027 252.3 C 48.10% |
| RUT US 10/16/26 C3050 -0.03% | 4RUT US 12/18/26 C246.2 FLX 43.12% |
| RUT US 10/16/26 C3005 -0.07% | Roundhill Weekly T-Bill ETF 5.78% |
| First American Government Obligations Fund 12/01/2031 2.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| IWMI | RDTE | IWMI | RDTE | IWMI | RDTE | |
| 3 months | −1.7% | −0.1% | 3.5% | 8.2% | +1.9 pts | +3.5 pts |
| 6 months | +16.0% | +18.7% | 8.0% | 18.3% | −1.9 pts | +0.8 pts |
| 1 year | +18.4% | +16.6% | 15.9% | 34.6% | +1.1 pts | −0.6 pts |
| Since launch | +40.2% | +39.2% | 33.3% | 62.4% | −4.9 pts | −0.6 pts |
| IWMI NEOS Russell 2000 High Income ETF Option income on IWM, paying monthly | RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF 0DTE covered call on IWM, paying weekly | |
|---|---|---|
| Issuer | NEOS | Roundhill |
| Strategy | option income | 0DTE covered call |
| Benchmark | Russell 2000 (IWM) | Russell 2000 (IWM) |
| Pays | monthly | weekly |
| Payout rate, annualized | 14.6% | 20.9% |
| Expense ratio | 0.68% | 0.97% |
| Cash paid, 1 year | 15.9% | 34.6% |
| Price change, 1 year | +1.3% | −21.4% |
| Total return, 1 year | +18.4% | +16.6% |
| Benchmark return, 1 year | +17.2% | +17.2% |
| Ahead or behind | +1.1 pts | −0.6 pts |
| Return of capital, latest estimate | 100% | not published |
| Age | 815 days | 738 days |
| Net assets | $1.3bn | $181m |
IWMI in plain words
Over the year to Sep 18, 2026, IWMI paid 15.9% of its starting value in cash distributions while its price rose 1.3%. With every distribution reinvested, the fund returned +18.4%. Russell 2000 (IWM) returned +17.2% over the same days, so a holder was ahead by 1.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.6%, paid monthly. NEOS estimates that 100% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
RDTE in plain words
Over the year to Sep 18, 2026, RDTE paid 34.6% of its starting value in cash distributions while its price fell 21.4%. With every distribution reinvested, the fund returned +16.6%. Russell 2000 (IWM) returned +17.2% over the same days, so a holder was behind by 0.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 20.9%, paid weekly.
Questions people ask
- Which paid more, IWMI or RDTE?
- Over the year to Sep 18, 2026, IWMI paid 15.9% of its starting price in cash and RDTE paid 34.6%, so RDTE paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, IWMI or RDTE?
- With every distribution reinvested, IWMI returned +18.4% and RDTE returned +16.6% over the year to Sep 18, 2026, so IWMI returned more.
- Which is cheaper, IWMI or RDTE?
- IWMI charges 0.68% a year and RDTE charges 0.97%, so IWMI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IWMI against RDTE, data as of Sep 18, 2026. https://etfiq.com/compare/income/iwmi-vs-rdte Free to use with attribution; the underlying files are at Open data.