NIE vs IWMI
Comparison between Virtus Equity & Convertible Income Fund (NIE, ETF) and NEOS RUSSELL 2000 HIGH INCOME ETF (IWMI, ETF).
NIE vs IWMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
NIE
$808M
IWMI
$806M
Expense Ratio
NIE
N/A
IWMI
0.68%
Max Drawdown
NIE
63.84%
Winner
IWMI
27.88%
Sharpe Ratio
NIE
1.67
Winner
IWMI
1.68
5Y Beta
Winner
NIE
0.86
IWMI
0.92
5Y Dividends CAGR
NIE
10.69%
IWMI
N/A
NIE vs IWMI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NIE
+0.53%
IWMI
+0.13%
3M
NIE
+7.27%
Winner
IWMI
+7.40%
6M
NIE
+9.48%
Winner
IWMI
+10.69%
1Y
NIE
+25.11%
Winner
IWMI
+32.20%
5Y(CAGR)
NIE
+10.46%
IWMI
N/A
10Y(CAGR)
NIE
+14.08%
IWMI
N/A
Max(CAGR)
NIE
+9.43%
Winner
IWMI
+17.35%
NIE vs IWMI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | NIE | IWMI |
|---|---|---|
| 2026 | +7.91% | +10.45% |
| 2025 | +15.68% | +14.86% |
| 2024 | +30.10% | +6.59% |
| 2023 | +25.76% | N/A |
| 2022 | -27.06% | N/A |
| 2021 | +19.62% | N/A |
| 2020 | +32.12% | N/A |
| 2019 | +29.25% | N/A |
| 2018 | -6.49% | N/A |
| 2017 | +21.91% | N/A |
| 2016 | +12.12% | N/A |
| 2015 | -5.39% | N/A |
| 2014 | +13.87% | N/A |
| 2013 | +23.03% | N/A |
| 2012 | +11.55% | N/A |
| 2011 | -9.28% | N/A |
| 2010 | +16.88% | N/A |
| 2009 | +39.29% | N/A |
| 2008 | -37.43% | N/A |
| 2007 | -4.09% | N/A |
NIE vs IWMI Drawdown Comparison
The maximum drawdown for NIE was -57.98%, occurring on Nov 20, 2008. Recovery took 855 trading sessions.
The maximum drawdown for IWMI was -23.88%, occurring on Apr 8, 2025. Recovery took 189 trading sessions.
The current NIE drawdown is -2.62%. The current IWMI drawdown is -2.84%.
| Rank | NIE | IWMI |
|---|---|---|
| #1 | -57.98% Jun 18, 2007 - Nov 5, 2010 | -23.88% Nov 29, 2024 - Sep 4, 2025 |
| #2 | -39.10% Feb 19, 2020 - Jul 14, 2020 | -8.88% Jul 26, 2024 - Sep 19, 2024 |
| #3 | -30.98% Dec 28, 2021 - Mar 26, 2024 | -8.39% Feb 26, 2026 - Apr 13, 2026 |
| #4 | -24.95% Aug 29, 2018 - Jul 19, 2019 | -6.62% Oct 27, 2025 - Nov 26, 2025 |
| #5 | -24.08% Apr 6, 2011 - Jan 23, 2013 | -3.49% May 6, 2026 - May 26, 2026 |
| #6 | -20.78% Jan 22, 2025 - Jul 21, 2025 | -2.87% Jan 22, 2026 - Feb 9, 2026 |
| #7 | -18.12% Nov 26, 2014 - Jul 8, 2016 | -2.84% Jun 4, 2026 - Jun 5, 2026 |
| #8 | -10.51% Jul 10, 2024 - Oct 8, 2024 | -2.76% Oct 8, 2025 - Oct 14, 2025 |
| #9 | -9.62% Jan 26, 2018 - Jun 5, 2018 | -2.60% Dec 11, 2025 - Jan 6, 2026 |
| #10 | -9.59% Feb 17, 2021 - Apr 13, 2021 | -2.45% Oct 17, 2024 - Nov 6, 2024 |
| #11 | -9.02% Jan 12, 2026 - Apr 14, 2026 | -2.33% Nov 11, 2024 - Nov 25, 2024 |
| #12 | -8.31% May 21, 2013 - Sep 18, 2013 | -2.15% Feb 9, 2026 - Feb 26, 2026 |
| #13 | -8.17% Aug 23, 2016 - Dec 20, 2016 | -1.99% Sep 30, 2024 - Oct 11, 2024 |
| #14 | -7.75% Sep 2, 2020 - Oct 12, 2020 | -1.71% Oct 15, 2025 - Oct 24, 2025 |
| #15 | -7.01% Sep 18, 2014 - Oct 31, 2014 | -1.46% Sep 19, 2024 - Sep 30, 2024 |
Correlation
Correlation between NIE and IWMI is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2007 - 2026)
NIE vs IWMI dividend yield comparison.
| Year | NIE | IWMI |
|---|---|---|
| 2026 | 1.89% | 5.87% |
| 2025 | 10.14% | 14.05% |
| 2024 | 8.11% | 8.78% |
| 2023 | 9.56% | 0.00% |
| 2022 | 21.81% | 0.00% |
| 2021 | 10.86% | 0.00% |
| 2020 | 5.37% | 0.00% |
| 2019 | 6.71% | 0.00% |
| 2018 | 8.20% | 0.00% |
| 2017 | 7.19% | 0.00% |
| 2016 | 8.25% | 0.00% |
| 2015 | 8.46% | 0.00% |
| 2014 | 6.38% | 0.00% |
| 2013 | 6.97% | 0.00% |
| 2012 | 6.73% | 0.00% |
| 2011 | 7.18% | 0.00% |
| 2010 | 6.15% | 0.00% |
| 2009 | 6.76% | 0.00% |
| 2008 | 19.06% | 0.00% |
| 2007 | 7.56% | 0.00% |
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