Data as of Nov 4, 2026.
IWMI vs RYLD: Dividend Yield & Total Return
Over the year to Nov 4, 2026, IWMI paid 15.0% of its price in cash against RYLD’s 12.2%, and 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 $1.3bn on Oct 12, 2026 for Global X Russell 2000 Covered Call 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, 2026.5.2 pts behind IWM
RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLD
+13.8%
12.2% of it arrived as cash
5.2 pts behind IWM
Total return, distributions reinvested
5.2 pts behind IWM
RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLD
+13.8%
12.2% cash
5.2 pts behind IWM
12.2% of it arrived as cash. Both charts share one scale, 0 to +19.0%. RYLD over 1 year: paid 12.2%, price +0.9%, total +13.8%, IWM +19.0%, −5.2 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +19.0%. Data to Nov 4, 2026.Pair scorecard
RYLD costs 0.08 points a year less; their one-year returns differ by 4.8 points.
Points (pts) are percentage points.
| Measure | IWMI | RYLD |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +18.6% | +13.8% |
| Price change, 1 year | rose 2.8% | rose 0.9% |
| Return of capital, issuer estimate | 76% of the Oct 23, 2026 payment | 100% of the Sep 24, 2026 payment |
| Against its benchmark | ||
| Benchmark | Russell 2000, measured through IWM | Russell 2000, measured through IWM |
| Cost and size | ||
| Expense ratio | 0.68% | 0.60% |
| Net assets, as of Oct 12, 2026 | $1.3bn | $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
Jul 5, 2024 to Oct 30, 2026 · 121 weekly returns · each against IWMFrom Jul 2024 to Oct 2026, IWMI returned more: +38.1% to +26.4%. RYLD swung less: 11.1% to 15.7%. RYLD fell less at its worst: −15.3% to −21.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWMI | RYLD | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +38.1% | +26.4% | IWMI | Price change plus distributions, reinvested. | |
| Annualized | +14.9% | +10.6% | IWMI | Total return as a yearly rate. | |
| Price return | −1.6% | −4.5% | IWMI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 15.7% | 11.1% | RYLD | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.1% | 8.5% | RYLD | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −21.4% | −15.3% | RYLD | Deepest fall from a high to the low after it. | |
| Upside capture | 68.4% | 35.4% | 100.0% | IWMI | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 83.9% | 57.0% | 100.0% | RYLD | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.77 | 0.49 | 1.00 | RYLD lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.77 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.70 | 0.59 | IWMI | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.99 | 0.77 | IWMI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.142 | 0.133 | 0.130 | IWMI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.70 | 0.69 | Tie | 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 | +0.1% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.42 | 0.04 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.3% to +5.1% | −6.9% to +7.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.38 | −0.57 | IWMI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 11.5% | 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 RYLD hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and 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 | IWMI | RYLD | IWMI | RYLD | IWMI | RYLD |
| 3 months | −3.0% | −2.4% | 3.4% | 2.8% | +2.0 pts | +2.6 pts |
| 6 months | +1.9% | +4.6% | 7.0% | 6.0% | +2.3 pts | +5.1 pts |
| 1 year | +18.6% | +13.8% | 15.0% | 12.2% | −0.3 pts | −5.2 pts |
| 3 years | – | +34.4% | – | 34.6% | – | −33.9 pts |
| Since launchNot the same days: IWMI Jun 2024 · RYLD Apr 2019 | +40.5% | +49.6% | 34.4% | 68.4% | −4.6 pts | −51.2 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.
RYLD
Over the year to Nov 4, 2026, RYLD paid 12.2% of its starting value in cash distributions while its price rose 0.9%. With every distribution reinvested, the fund returned +13.8%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was behind by 5.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.5%, paid monthly. Global X estimates that 100% of the distribution paid Sep 24, 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 RYLD, data as of Nov 4, 2026. https://etfiq.com/compare/income/iwmi-vs-ryld
ETFIQ. (Nov 4, 2026). IWMI against RYLD. Retrieved from https://etfiq.com/compare/income/iwmi-vs-ryld
[IWMI against RYLD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/iwmi-vs-ryld)
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