- ISIN
- US778433H618
- CUSIP
- 78433H618
- Issuer
- Neos
- Inception Date
- Jan 14, 2025
- Region
- North America (U.S.)
- Category
- Derivative Income, REIT, Options Trading, Actively Managed
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $279M
Share Price Chart
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Performance
IYRI Performance Chart
NEOS Real Estate High Income ETF (IYRI) is up 6.0% since the beginning of the year. IYRI is currently trading at $49 per share.
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Returns By Period
NEOS Real Estate High Income ETF (IYRI) has returned 6.01% so far this year and 9.35% over the past 12 months.
NEOS Real Estate High Income ETF
- 1D
- 1.24%
- 1M
- -0.17%
- YTD
- 6.01%
- 6M
- 6.23%
- 1Y
- 9.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IYRI Monthly Returns History
Based on dividend-adjusted daily data since Jan 15, 2025, IYRI's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +5.9%, while the worst month was Mar 2026 at -5.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, IYRI closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.1%, while the worst single day was Apr 4, 2025 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.39% | 3.42% | -5.59% | 5.93% | -0.78% | 0.89% | 6.01% | ||||||
| 2025 | 1.22% | 3.11% | -1.56% | -0.82% | 1.31% | 0.96% | 0.72% | 2.80% | 0.35% | -1.76% | 2.56% | -1.94% | 6.99% |
Benchmark Metrics
NEOS Real Estate High Income ETF has an annualized alpha of 1.41%, beta of 0.44, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since January 15, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (33.09%) than losses (19.78%) - typical of diversified or defensive assets.
- Beta of 0.44 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.41%
- Beta
- 0.44
- R²
- 0.34
- Upside Capture
- 33.09%
- Downside Capture
- 19.78%
Expense Ratio
IYRI has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IYRI ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IYRI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.78 | -1.54 |
| Martin ratioReturn relative to average drawdown | 4.46 | 12.44 | -7.98 |
Dividends
Dividend History
NEOS Real Estate High Income ETF provided a 12.08% dividend yield over the last twelve months, with an annual payout of $5.90 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $5.90 | $5.69 |
Dividend yield | 12.08% | 11.72% |
Monthly Dividends
The table displays the monthly dividend distributions for NEOS Real Estate High Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.45 | $0.46 | $0.44 | $0.45 | $0.44 | $0.45 | $2.69 | ||||||
| 2025 | $0.50 | $0.51 | $0.51 | $0.48 | $0.48 | $0.47 | $0.47 | $0.46 | $0.46 | $0.46 | $0.45 | $0.44 | $5.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the NEOS Real Estate High Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the NEOS Real Estate High Income ETF was 12.12%, occurring on Apr 8, 2025. Recovery took 51 trading sessions.
The current NEOS Real Estate High Income ETF drawdown is 1.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.12%Apr 2025 | 1mo 3d | 2mo 16d | 3mo 19dMar 2025 - Jun 2025 |
2026 pullback2026 | -7.53%Mar 2026 | 24d | 24d | 1mo 18dMar 2026 - Apr 2026 |
2025 pullback2025 | -3.89%Nov 2025 | 23d | 1mo 27d | 2mo 20dOct 2025 - Jan 2026 |
2025 pullback2025 | -2.96%Oct 2025 | 28d | 10d | 1mo 8dSep 2025 - Oct 2025 |
2026 pullback2026 | -2.72%Jun 2026 | 3d | — | 8d 22hJun 2026 - now |
Drawdown Indicators
| IYRI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -56.78% | +44.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -9.10% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.80% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -10.71% | +9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.03% | +0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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