Data as of Nov 4, 2026.
IWMI vs RYLG: Dividend Yield & Total Return
Over the year to Nov 4, 2026, IWMI paid 15.0% of its price in cash against RYLG’s 10.7%, and returned more with it reinvested.
askIQ about this page
askIQ about IWMI and RYLG
Net assets: $1.3bn on Oct 28, 2026 for NEOS Russell 2000 High Income ETF, and $7.7m on Oct 12, 2026 for Global X Russell 2000 Covered Call & Growth 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, 2026.3 pts behind IWM
RYLG over 1 year: paid 10.7%, price +4.4%, total +16.0%, IWM +19.0%, −3.0 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLG
+16.0%
10.7% of it arrived as cash
3 pts behind IWM
Total return, distributions reinvested
3 pts behind IWM
RYLG over 1 year: paid 10.7%, price +4.4%, total +16.0%, IWM +19.0%, −3.0 pts. Data to Nov 4, 2026.
IWM
+19.0%
RYLG
+16.0%
10.7% cash
3 pts behind IWM
10.7% of it arrived as cash. Both charts share one scale, 0 to +19.0%. RYLG over 1 year: paid 10.7%, price +4.4%, total +16.0%, IWM +19.0%, −3.0 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +19.0%. Data to Nov 4, 2026.Pair scorecard
RYLG costs 0.33 points a year less; their one-year returns differ by 2.6 points; IWMI is far larger, $1.3bn against $7.7m.
Points (pts) are percentage points.
| Measure | IWMI | RYLG |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +18.6% | +16.0% |
| Price change, 1 year | rose 2.8% | rose 4.4% |
| 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 |
| Against its benchmark, same days | behind by 3.0 pts | |
| Cost and size | ||
| Expense ratio | 0.68% | 0.35% |
| Net assets, as of Oct 12, 2026 | $1.3bn | $7.7m |
| 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 +33.9%. RYLG swung slightly less: 15.1% to 15.7%. RYLG fell less at its worst: −19.1% to −21.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWMI | RYLG | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +38.1% | +33.9% | IWMI | Price change plus distributions, reinvested. | |
| Annualized | +14.9% | +13.4% | IWMI | Total return as a yearly rate. | |
| Price return | −1.6% | −5.7% | IWMI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 15.7% | 15.1% | RYLG (slight) | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 11.1% | 10.7% | RYLG (slight) | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −21.4% | −19.1% | RYLG | Deepest fall from a high to the low after it. | |
| Upside capture | 68.4% | 63.1% | 100.0% | IWMI (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 83.9% | 81.8% | 100.0% | RYLG (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.77 | 0.74 | 1.00 | RYLG lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.96 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.70 | 0.63 | IWMI (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.99 | 0.89 | IWMI | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.142 | 0.128 | 0.130 | IWMI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.70 | 0.70 | 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 | −0.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.42 | −0.08 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −3.3% to +5.1% | −3.9% to +3.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.38 | −0.60 | IWMI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 5.9% | 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 RYLG 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 | RYLG | IWMI | RYLG | IWMI | RYLG |
| 3 months | −3.0% | −3.8% | 3.4% | 1.4% | +2.0 pts | +1.2 pts |
| 6 months | +1.9% | +2.0% | 7.0% | 3.4% | +2.3 pts | +2.5 pts |
| 1 year | +18.6% | +16.0% | 15.0% | 10.7% | −0.3 pts | −3.0 pts |
| 3 years | – | +50.0% | – | 40.2% | – | −18.3 pts |
| Since launchNot the same days: IWMI Jun 2024 · RYLG Oct 2022 | +40.5% | +46.2% | 34.4% | 44.5% | −4.6 pts | −24.6 pts |
– means no data for this window. Open this comparison in the app →
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
RYLG
Over the year to Nov 4, 2026, RYLG paid 10.7% of its starting value in cash distributions while its price rose 4.4%. With every distribution reinvested, the fund returned +16.0%. Russell 2000 (IWM) returned +19.0% over the same days, so a holder was behind by 3.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.7%, 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.
Cite this pageCitation, APA and Markdown
ETFIQ, IWMI against RYLG, data as of Nov 4, 2026. https://etfiq.com/compare/income/iwmi-vs-rylg
ETFIQ. (Nov 4, 2026). IWMI against RYLG. Retrieved from https://etfiq.com/compare/income/iwmi-vs-rylg
[IWMI against RYLG (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/iwmi-vs-rylg)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.