CSRE vs. IYRI

Last updated Jun 25, 2026

CSRE (Cohen & Steers Real Estate Active ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - CSRE is a REIT fund actively managed by Cohen & Steers, while IYRI is a Derivative Income fund actively managed by Neos. Both are actively managed. Over the past year, CSRE returned 12.01% vs 8.76% for IYRI. Their correlation of 0.89 suggests significant overlap in exposure. CSRE charges 0.70%/yr vs 0.68%/yr for IYRI.

Performance

CSRE vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Real Estate Active ETF (CSRE) and NEOS Real Estate High Income ETF (IYRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSRE achieves a 13.37% return, which is significantly higher than IYRI's 7.03% return.

CSRE

• 1D: -0.03%
• 1M: -0.00%
• YTD: 13.37%
• 6M: 13.08%
• 1Y: 12.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYRI

• 1D: -0.04%
• 1M: 0.79%
• YTD: 7.03%
• 6M: 6.33%
• 1Y: 8.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSRE vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
CSRE Cohen & Steers Real Estate Active ETF	13.37%	4.30%
IYRI NEOS Real Estate High Income ETF	7.03%	5.81%

Correlation

The correlation between CSRE and IYRI is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.89

The correlation between CSRE and IYRI has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

CSRE vs. IYRI — Risk / Return Rank

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

CSRE

CSRE Risk / Return Rank: 28
CSRE Sharpe Ratio Rank: 26
CSRE Sortino Ratio Rank: 25
CSRE Omega Ratio Rank: 25
CSRE Calmar Ratio Rank: 32
CSRE Martin Ratio Rank: 34

IYRI

IYRI Risk / Return Rank: 25
IYRI Sharpe Ratio Rank: 24
IYRI Sortino Ratio Rank: 23
IYRI Omega Ratio Rank: 23
IYRI Calmar Ratio Rank: 26
IYRI Martin Ratio Rank: 31

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.

CSRE vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Active ETF (CSRE) 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.

	CSRE	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.82	+0.07
Sortino ratio: Return per unit of downside risk	1.27	1.18	+0.09
Omega ratio: Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	1.43	1.17	+0.26
Martin ratio: Return relative to average drawdown	4.61	4.20	+0.42

CSRE vs. IYRI - Sharpe Ratio Comparison

The current CSRE Sharpe Ratio is 0.89, which is comparable to the IYRI Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of CSRE and IYRI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSRE vs. IYRI - Drawdown Comparison

The maximum CSRE drawdown since its inception was -13.03%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for CSRE and IYRI.

Drawdown Indicators

	CSRE	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-13.03%	-12.12%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-7.53%	-0.91%
Current Drawdown Current decline from peak	-0.41%	-0.56%	+0.15%
Average Drawdown Average peak-to-trough decline	-2.24%	-1.69%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.10%	+0.53%

Volatility

CSRE vs. IYRI - Volatility Comparison

Cohen & Steers Real Estate Active ETF (CSRE) has a higher volatility of 5.07% compared to NEOS Real Estate High Income ETF (IYRI) at 4.21%. This indicates that CSRE's price experiences larger fluctuations and is considered to be riskier than IYRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSRE	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	4.21%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	7.92%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	10.74%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	13.18%	+2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	13.18%	+2.42%

CSRE vs. IYRI - Expense Ratio Comparison

CSRE has a 0.70% expense ratio, which is higher than IYRI's 0.68% expense ratio.

Dividends

CSRE vs. IYRI - Dividend Comparison

CSRE's dividend yield for the trailing twelve months is around 2.23%, less than IYRI's 11.97% yield.

Position	TTM	2025
CSRE Cohen & Steers Real Estate Active ETF	2.23%	2.71%
IYRI NEOS Real Estate High Income ETF	11.97%	11.72%

Frequently Asked Questions

Can I hold both CSRE and IYRI in my portfolio?

CSRE and IYRI have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSRE or IYRI?

CSRE has higher volatility (5.07%) compared to IYRI (4.21%). In terms of maximum drawdown, CSRE dropped -13.03% vs IYRI's -12.12%.

Which ETF is better, CSRE or IYRI?

On 1-year performance, CSRE leads with 12.01% vs 8.76% for IYRI. On fees, IYRI is cheaper at 0.68% per year. On volatility, IYRI has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSRE or IYRI?

Over the 1-year period, CSRE has performed better with a 12.01% return vs 8.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSRE or IYRI?

IYRI is cheaper with a 0.68% expense ratio, compared with 0.70% for CSRE.

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

IYRI has the higher dividend yield at 11.97%, compared with 2.23% for CSRE.

What is the main difference between CSRE and IYRI?

CSRE is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Cohen & Steers and Neos. Their fees differ too: 0.70% for CSRE and 0.68% for IYRI.

Which has better risk-adjusted returns?

CSRE currently has the higher Sharpe Ratio (0.89 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.