IWMI vs VOO
NEOS Russell 2000 High Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IWMI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.03% | |
| AUM | $1.1B | $979.0B | |
| Dividend Yield | 13.25% | 1.09% | |
| Holdings | 4 | 509 | |
| YTD Return | +8.98% | +14.48% | |
| 1Y Return | +17.85% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 13.6% | 14.2% | |
| Max Drawdown | -23.9% | -34.3% | |
| Fund Family | NEOS | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Sep 7, 2010 |
IWMI vs VOO Performance
NEOS Russell 2000 High Income ETF (IWMI) is a ETF from NEOS and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IWMI returned +17.85% while VOO returned +22.02%. Year to date, IWMI is up 8.98% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.6% for IWMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.9% for IWMI and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IWMI charges 0.68% per year while VOO charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, IWMI currently yields 13.25% against 1.09% for VOO.
Holdings Overlap
IWMI and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWMI or VOO?
IWMI has an expense ratio of 0.68% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, IWMI or VOO?
Over the past year IWMI returned +17.85% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), IWMI annualized +14.32% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, IWMI or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 13.6% for IWMI. Worst drawdown: IWMI -23.9% vs VOO -34.3%.
Should I hold both IWMI and VOO?
IWMI and VOO have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IWMI and VOO?
IWMI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IWMI or VOO?
IWMI yields 13.25% while VOO yields 1.09%, so IWMI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.