CLIM vs. IYRI

Last updated Jul 8, 2026

CLIM (Climate Global - Climate-Resilient REIT Index ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - CLIM is a REIT fund tracking the Climate Global Climate-Resilient REIT Index (CLIMX), while IYRI is a Derivative Income fund actively managed by Neos. CLIM is passively managed, while IYRI is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. CLIM charges 0.90%/yr vs 0.68%/yr for IYRI.

Performance

CLIM vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Climate Global - Climate-Resilient REIT Index ETF (CLIM) and NEOS Real Estate High Income ETF (IYRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLIM

• 1D: 0.97%
• 1M: 4.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYRI

• 1D: 1.09%
• 1M: 2.28%
• 6M: 7.67%
• YTD: 8.55%
• 1Y: 11.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLIM vs. IYRI - Yearly Performance Comparison

	2026 (YTD)
CLIM Climate Global - Climate-Resilient REIT Index ETF	11.62%
IYRI NEOS Real Estate High Income ETF	5.48%

Correlation

The correlation between CLIM and IYRI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.88

Return for Risk

CLIM vs. IYRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLIM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IYRI

IYRI Risk / Return Rank: 33
IYRI Sharpe Ratio Rank: 32
IYRI Sortino Ratio Rank: 30
IYRI Omega Ratio Rank: 30
IYRI Calmar Ratio Rank: 33
IYRI Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLIM vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Climate Global - Climate-Resilient REIT Index ETF (CLIM) and NEOS Real Estate High Income ETF (IYRI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CLIM	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.48	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.49	—
Martin ratio: Return relative to average drawdown	—	5.33	—

Drawdowns

CLIM vs. IYRI - Drawdown Comparison

The maximum CLIM drawdown since its inception was -6.41%, smaller than the maximum IYRI drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for CLIM and IYRI.

Drawdown Indicators

	CLIM	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-6.41%	-12.12%	+5.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.53%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.45%	-1.66%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	CLIM	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	10.82%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	13.17%	+2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	13.17%	+2.78%

CLIM vs. IYRI - Expense Ratio Comparison

CLIM has a 0.90% expense ratio, which is higher than IYRI's 0.68% expense ratio.

Dividends

CLIM vs. IYRI - Dividend Comparison

CLIM's dividend yield for the trailing twelve months is around 1.14%, less than IYRI's 10.87% yield.

Position	TTM	2025
CLIM Climate Global - Climate-Resilient REIT Index ETF	1.14%	0.00%
IYRI NEOS Real Estate High Income ETF	10.87%	11.72%

Frequently Asked Questions

Can I hold both CLIM and IYRI in my portfolio?

CLIM and IYRI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLIM or IYRI?

On fees, IYRI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLIM or IYRI?

IYRI is cheaper with a 0.68% expense ratio, compared with 0.90% for CLIM.

Which ETF pays a higher dividend yield, CLIM or IYRI?

IYRI has the higher dividend yield at 10.87%, compared with 1.14% for CLIM.

What is the main difference between CLIM and IYRI?

CLIM is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Climate Global and Neos. Their fees differ too: 0.90% for CLIM and 0.68% for IYRI.