DPRE vs. IYRI

Last updated Jul 28, 2026

DPRE (Virtus Duff & Phelps Real Estate Income ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - DPRE is a REIT fund actively managed by Virtus, while IYRI is a Derivative Income fund actively managed by Neos. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. DPRE charges 0.59%/yr vs 0.68%/yr for IYRI.

Performance

DPRE vs. IYRI - Performance Comparison

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

Returns By Period

DPRE

• 1D: -0.27%
• 1M: 2.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IYRI

• 1D: 0.26%
• 1M: 1.84%
• 6M: 8.04%
• YTD: 10.24%
• 1Y: 10.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DPRE Virtus Duff & Phelps Real Estate Income ETF	$31.14K	$83.65K	$60.32K
IYRI NEOS Real Estate High Income ETF	$3.78M	$3.69M	$3.77M

DPRE vs. IYRI - Yearly Performance Comparison

	2026 (YTD)
DPRE Virtus Duff & Phelps Real Estate Income ETF	9.36%
IYRI NEOS Real Estate High Income ETF	5.36%

Correlation

The correlation between DPRE and IYRI is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	0.64

Return for Risk

DPRE vs. IYRI — Risk / Return Rank

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

DPRE

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

IYRI

IYRI Risk / Return Rank: 38
IYRI Sharpe Ratio Rank: 38
IYRI Sortino Ratio Rank: 36
IYRI Omega Ratio Rank: 36
IYRI Calmar Ratio Rank: 39
IYRI Martin Ratio Rank: 44

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.

DPRE vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Income ETF (DPRE) 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.

	DPRE	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.94	—
Sortino ratio: Return per unit of downside risk	—	1.35	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.36	—
Martin ratio: Return relative to average drawdown	—	4.87	—

Drawdowns

DPRE vs. IYRI - Drawdown Comparison

The maximum DPRE drawdown since its inception was -3.57%, smaller than the maximum IYRI drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for DPRE and IYRI.

Drawdown Indicators

	DPRE	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-3.57%	-12.12%	+8.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.53%	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.82%	-1.62%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	DPRE	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.33%	10.94%	+4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	13.07%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	13.07%	+2.26%

DPRE vs. IYRI - Expense Ratio Comparison

DPRE has a 0.59% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

DPRE vs. IYRI - Dividend Comparison

DPRE's dividend yield for the trailing twelve months is around 0.90%, less than IYRI's 10.76% yield.

Position	TTM	2025
DPRE Virtus Duff & Phelps Real Estate Income ETF	0.90%	0.00%
IYRI NEOS Real Estate High Income ETF	10.76%	11.72%

Frequently Asked Questions

Can I hold both DPRE and IYRI in my portfolio?

DPRE and IYRI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DPRE or IYRI?

On fees, DPRE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DPRE or IYRI?

DPRE is cheaper with a 0.59% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 10.76%, compared with 0.90% for DPRE.

What is the main difference between DPRE and IYRI?

DPRE is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Virtus and Neos. Their fees differ too: 0.59% for DPRE and 0.68% for IYRI.