(IWMI) NEOS Russell 2000 High - Ratings and Ratios

The NEOS Russell2000 High Income ETF (BATS:IWMI) is an actively-managed exchange-traded fund that aims to generate high monthly income by investing in ETFs tracking the Russell2000 Index and utilizing a call options strategy, primarily by selling call options on the Russell2000 Index.

To evaluate the funds performance, we can consider key performance indicators (KPIs) such as yield, volatility, and tracking error. Given its objective of providing high monthly income, the funds yield is likely a crucial metric. Although the exact yield is not provided, we can infer that it is designed to be higher than the underlying Russell2000 Index. The funds volatility is also an essential consideration, as the use of call options can impact its risk profile.

From a risk management perspective, its essential to monitor the funds Greeks, such as delta and gamma, to understand its sensitivity to changes in the underlying index. Additionally, metrics like the funds Sharpe ratio and Sortino ratio can provide insights into its risk-adjusted returns. The funds AUM of $210.01M USD indicates a reasonable level of liquidity, but its still important to monitor trading volumes and bid-ask spreads to ensure that investors can enter and exit positions efficiently.

To further analyze the funds strategy, we can examine its options writing strategy, including the strike prices, expiration dates, and notional value of the options sold. This information can help investors understand the funds potential upside and downside risks. By combining this analysis with the funds overall performance metrics, investors can make more informed decisions about whether the NEOS Russell2000 High Income ETF aligns with their investment objectives and risk tolerance.