IWMI UCITS Equivalent: XYLF
IWMI (NEOS Russell 2000 High Income ETF, NEOS) is a US-listed ETF you can't buy from Europe. Its closest UCITS equivalent is XYLF — Global X S&P 500 Covered Call UCITS ETF — a 64% match by index, holdings and cost.
IWMI vs XYLF: side-by-side
| IWMI (US) | XYLF (UCITS) | |
|---|---|---|
| Fund | NEOS Russell 2000 High Income ETF | Global X S&P 500 Covered Call UCITS ETF D |
| Strategy | Russell 2000 + call options | US equity options income |
| Domicile | United States | Ireland |
| Ongoing charge (TER) | — | 0.45% |
| Income | Distributing (monthly) | Distributing (monthly) |
| Trailing yield | 14.0% | 9.69% |
| Trading currency | USD | CHF |
| Fund size | — | 153M |
| Buyable by EU/UK retail investors | Usually blocked (no PRIIPs KID) | Yes |
| US estate-tax exposure (non-US investors) | Yes, above $60k | No |
| US dividend withholding | Withheld on each payout (15% with a W-8BEN, else 30%) | 15% inside the fund (Ireland–US treaty), nothing extra to you |
UCITS data from UCITSIncome, updated October 2026. IWMI figures are indicative.
About IWMI
Other UCITS alternatives to IWMI
Why you can't buy IWMI in Europe
US-domiciled ETFs like IWMIdon't publish the EU “KID” disclosure document required by the PRIIPs regulation, so European and other non-US brokers block the order. It isn't illegal — you simply buy the UCITS equivalent (XYLF) instead. UCITS funds are also more tax-efficient for non-US investors: lower US dividend withholding and no US estate-tax exposure. Read the full explanation →
Track XYLF and other UCITS income ETFs
Get distribution dates, yield changes and new US→UCITS matches. Free, occasional, no spam.
Similar US ETF equivalents
Matches are based on the underlying index, holdings overlap and cost, sourced from UCITSIncome data. Information only — not financial advice. Always do your own research before investing.