IAUI vs. IYRI
IAUI (NEOS Gold High Income ETF) and IYRI (NEOS Real Estate High Income ETF) are both Derivative Income funds from Neos. Both are actively managed. Over the past year, IAUI returned 12.83% vs 9.17% for IYRI. At a 0.14 correlation, their price movements are largely independent. IAUI charges 0.78%/yr vs 0.68%/yr for IYRI.
Performance
IAUI vs. IYRI - Performance Comparison
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Returns By Period
In the year-to-date period, IAUI achieves a -5.63% return, which is significantly lower than IYRI's 7.08% return.
IAUI
- 1D
- -2.15%
- 1M
- -8.06%
- YTD
- -5.63%
- 6M
- -8.22%
- 1Y
- 12.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYRI
- 1D
- 1.00%
- 1M
- 0.83%
- YTD
- 7.08%
- 6M
- 7.36%
- 1Y
- 9.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUI vs. IYRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUI NEOS Gold High Income ETF | -5.63% | 20.00% |
IYRI NEOS Real Estate High Income ETF | 7.08% | 3.71% |
Correlation
The correlation between IAUI and IYRI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.14 |
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Return for Risk
IAUI vs. IYRI — Risk / Return Rank
IAUI
IYRI
IAUI vs. IYRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Gold High Income ETF (IAUI) 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.
| IAUI | IYRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.22 | -0.59 |
| Martin ratioReturn relative to average drawdown | 1.87 | 4.37 | -2.50 |
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Drawdowns
IAUI vs. IYRI - Drawdown Comparison
The maximum IAUI drawdown since its inception was -20.43%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for IAUI and IYRI.
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Drawdown Indicators
| IAUI | IYRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.43% | -12.12% | -8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -20.43% | -7.53% | -12.90% |
Current DrawdownCurrent decline from peak | -19.97% | -0.52% | -19.45% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.69% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 2.10% | +4.76% |
Volatility
IAUI vs. IYRI - Volatility Comparison
NEOS Gold High Income ETF (IAUI) has a higher volatility of 7.78% compared to NEOS Real Estate High Income ETF (IYRI) at 4.21%. This indicates that IAUI'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.
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Volatility by Period
| IAUI | IYRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 4.21% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 19.82% | 7.94% | +11.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 10.80% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.06% | 13.20% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 13.20% | +7.86% |
IAUI vs. IYRI - Expense Ratio Comparison
IAUI has a 0.78% expense ratio, which is higher than IYRI's 0.68% expense ratio.
Dividends
IAUI vs. IYRI - Dividend Comparison
IAUI's dividend yield for the trailing twelve months is around 14.80%, more than IYRI's 11.96% yield.
| Position | TTM | 2025 |
|---|---|---|
IAUI NEOS Gold High Income ETF | 14.80% | 6.88% |
IYRI NEOS Real Estate High Income ETF | 11.96% | 11.72% |
Frequently Asked Questions
IAUI and IYRI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUI has higher volatility (7.78%) compared to IYRI (4.21%). In terms of maximum drawdown, IAUI dropped -20.43% vs IYRI's -12.12%.
On 1-year performance, IAUI leads with 12.83% vs 9.17% 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.
Over the 1-year period, IAUI has performed better with a 12.83% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYRI is cheaper with a 0.68% expense ratio, compared with 0.78% for IAUI.
IAUI has the higher dividend yield at 14.80%, compared with 11.96% for IYRI.
Their fees differ too: 0.78% for IAUI and 0.68% for IYRI.
IYRI currently has the higher Sharpe Ratio (0.86 vs 0.60), 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.
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