IWMI vs FDMO

Comparison between NEOS RUSSELL 2000 HIGH INCOME ETF (IWMI, ETF) and FIDELITY MOMENTUM FACTOR ETF (FDMO, ETF).

IWMI vs FDMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IWMI(ETF)	FDMO(ETF)
Net Assets	$909M	$903M
Expense Ratio	0.68%	0.15%
Max Drawdown	27.88%	34.17%
Sharpe Ratio	1.92	1.60
5Y Beta	0.92	1.18
P/E Ratio	N/A	33.53
Forward P/E	N/A	22.66
PEG Ratio	N/A	0.38
5Y Dividends CAGR	N/A	12.96%
5Y EPS CAGR	N/A	27.13%
Debt to Equity	N/A	31.52%

Net Assets

Winner

IWMI

$909M

FDMO

$903M

Expense Ratio

IWMI

0.68%

Winner

FDMO

0.15%

Max Drawdown

Winner

IWMI

27.88%

FDMO

34.17%

Sharpe Ratio

Winner

IWMI

1.92

FDMO

1.60

5Y Beta

Winner

IWMI

0.92

FDMO

1.18

P/E Ratio

IWMI

N/A

FDMO

33.53

Forward P/E

IWMI

N/A

FDMO

22.66

PEG Ratio

IWMI

N/A

FDMO

0.38

5Y Dividends CAGR

IWMI

N/A

FDMO

12.96%

5Y EPS CAGR

IWMI

N/A

FDMO

27.13%

Debt to Equity

IWMI

N/A

FDMO

31.52%

IWMI vs FDMO - Holdings Comparison

IWMI and FDMO have 0 common holdings. Overlap is 0.00%

IWMI's top 25 holdings weight is 100.64%. FDMO's top 25 holdings weight is 59.43%.

Rank	IWMI	FDMO
#1	VANGUARD RUSSELL 2000 ETF (VTWO) - 100.20%	NVIDIA CORP (NVDA) - 8.00%
#2	FIRST AMERICAN TREASURY OBLIGS X (FXFXX) - 0.44%	APPLE INC (AAPL) - 7.21%
#3	N/A	ALPHABET INC CLASS A (GOOGL) - 5.70%
#4	N/A	AMAZON.COM INC (AMZN) - 3.50%
#5	N/A	BROADCOM INC (AVGO) - 3.39%
#6	N/A	MICRON TECHNOLOGY INC (MU) - 3.07%
#7	N/A	n/a (n/a) - 2.18%
#8	N/A	META PLATFORMS INC CLASS A (META) - 2.11%
#9	N/A	ELI LILLY AND CO (LLY) - 1.95%
#10	N/A	APPLIED MATERIALS INC (AMAT) - 1.75%
#11	N/A	LAM RESEARCH CORP (LRCX) - 1.75%
#12	N/A	SANDISK CORP ORDINARY SHARES (SNDK) - 1.75%
#13	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.74%
#14	N/A	TESLA INC (TSLA) - 1.70%
#15	N/A	JPMORGAN CHASE & CO (JPM) - 1.65%
#16	N/A	KLA CORP (KLAC) - 1.55%
#17	N/A	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.39%
#18	N/A	JOHNSON & JOHNSON (JNJ) - 1.38%
#19	N/A	WESTERN DIGITAL CORP (WDC) - 1.29%
#20	N/A	CORNING INC (GLW) - 1.15%
#21	N/A	COHERENT CORP (COHR) - 1.13%
#22	N/A	EXXON MOBIL CORP (XOM) - 1.09%
#23	N/A	TERADYNE INC (TER) - 1.02%
#24	N/A	MERCK & CO INC (MRK) - 1.00%
#25	N/A	BANK OF AMERICA CORP (BAC) - 0.98%
Total Holdings	2	139

IWMI vs FDMO - Historical Returns

Returns include dividend reinvestment.

Period	IWMI	FDMO
1 month	+6.17%	+6.32%
3 months	+16.27%	+20.35%
6 months	+15.73%	+18.71%
1 year	+36.99%	+35.39%
5 years(CAGR)	N/A	+17.02%
10 years(CAGR)	N/A	+16.08%
Max(CAGR)	+19.67%	+16.08%

IWMI

+6.17%

Winner

FDMO

+6.32%

IWMI

+16.27%

Winner

FDMO

+20.35%

IWMI

+15.73%

Winner

FDMO

+18.71%

Winner

IWMI

+36.99%

FDMO

+35.39%

5Y(CAGR)

IWMI

N/A

FDMO

+17.02%

10Y(CAGR)

IWMI

N/A

FDMO

+16.08%

Max(CAGR)

Winner

IWMI

+19.67%

FDMO

+16.08%

IWMI vs FDMO - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	IWMI	FDMO
2026	+15.48%	+16.15%
2025	+14.86%	+21.00%
2024	+6.59%	+34.43%
2023	N/A	+25.71%
2022	N/A	-19.61%
2021	N/A	+23.81%
2020	N/A	+20.80%
2019	N/A	+25.42%
2018	N/A	-4.72%
2017	N/A	+23.58%
2016	N/A	+1.88%

IWMI vs FDMO Drawdown Comparison

The maximum drawdown for IWMI was -23.88%, occurring on Apr 8, 2025. Recovery took 189 trading sessions.

The maximum drawdown for FDMO was -33.93%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.

Rank	IWMI	FDMO
#1	-23.88% Nov 29, 2024 - Sep 4, 2025	-33.93% Feb 19, 2020 - Aug 3, 2020
#2	-8.88% Jul 26, 2024 - Sep 19, 2024	-25.44% Nov 8, 2021 - Dec 27, 2023
#3	-8.39% Feb 26, 2026 - Apr 13, 2026	-21.88% Feb 18, 2025 - Jun 24, 2025
#4	-6.62% Oct 27, 2025 - Nov 26, 2025	-21.72% Oct 1, 2018 - Jun 10, 2019
#5	-3.49% May 6, 2026 - May 26, 2026	-12.22% Jan 28, 2026 - Apr 17, 2026
#6	-2.87% Jan 22, 2026 - Feb 9, 2026	-12.15% Feb 12, 2021 - Apr 26, 2021
#7	-2.84% Jun 4, 2026 - Jun 12, 2026	-10.43% Jan 26, 2018 - Jun 4, 2018
#8	-2.76% Oct 8, 2025 - Oct 14, 2025	-10.22% Jul 16, 2024 - Sep 19, 2024
#9	-2.60% Dec 11, 2025 - Jan 6, 2026	-9.90% Sep 2, 2020 - Oct 12, 2020
#10	-2.45% Oct 17, 2024 - Nov 6, 2024	-8.92% Oct 13, 2020 - Nov 30, 2020
#11	-2.33% Nov 11, 2024 - Nov 25, 2024	-7.65% Apr 27, 2021 - Jun 25, 2021
#12	-2.15% Feb 9, 2026 - Feb 26, 2026	-7.34% Oct 29, 2025 - Jan 5, 2026
#13	-1.99% Sep 30, 2024 - Oct 11, 2024	-6.89% Mar 21, 2024 - May 9, 2024
#14	-1.71% Oct 15, 2025 - Oct 24, 2025	-6.70% Jul 15, 2019 - Dec 20, 2019
#15	-1.46% Sep 19, 2024 - Sep 30, 2024	-5.75% Jun 2, 2026 - Jun 15, 2026

Correlation

Correlation between IWMI and FDMO is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2016 - 2026)

IWMI vs FDMO dividend yield comparison.

Year	IWMI	FDMO
2026	6.87%	0.28%
2025	14.05%	0.61%
2024	8.78%	0.90%
2023	0.00%	0.87%
2022	0.00%	1.19%
2021	0.00%	0.60%
2020	0.00%	0.77%
2019	0.00%	1.23%
2018	0.00%	1.22%
2017	0.00%	1.09%
2016	0.00%	0.45%