IFGL vs. IYRI
IFGL (iShares International Developed Real Estate ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - IFGL is a REIT fund tracking the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while IYRI is a Derivative Income fund actively managed by Neos. IFGL is passively managed, while IYRI is actively managed. Over the past year, IFGL returned 3.70% vs 8.01% for IYRI. A 0.55 correlation means they provide meaningful diversification when combined. IFGL charges 0.48%/yr vs 0.68%/yr for IYRI.
Performance
IFGL vs. IYRI - Performance Comparison
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Returns By Period
In the year-to-date period, IFGL achieves a -2.22% return, which is significantly lower than IYRI's 4.71% return.
IFGL
- 1D
- -0.36%
- 1M
- -3.00%
- YTD
- -2.22%
- 6M
- -0.82%
- 1Y
- 3.70%
- 3Y*
- 6.47%
- 5Y*
- -2.30%
- 10Y*
- 1.45%
IYRI
- 1D
- -0.47%
- 1M
- -1.30%
- YTD
- 4.71%
- 6M
- 5.51%
- 1Y
- 8.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFGL vs. IYRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IFGL iShares International Developed Real Estate ETF | -2.22% | 27.14% |
IYRI NEOS Real Estate High Income ETF | 4.71% | 6.99% |
Correlation
The correlation between IFGL and IYRI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.55 |
The correlation between IFGL and IYRI has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
IFGL vs. IYRI — Risk / Return Rank
IFGL
IYRI
IFGL vs. IYRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) 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.
| IFGL | IYRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.06 | -0.82 |
| Martin ratioReturn relative to average drawdown | 0.66 | 3.78 | -3.12 |
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Drawdowns
IFGL vs. IYRI - Drawdown Comparison
The maximum IFGL drawdown since its inception was -68.93%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for IFGL and IYRI.
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Drawdown Indicators
| IFGL | IYRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.93% | -12.12% | -56.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -7.53% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | — | — |
Current DrawdownCurrent decline from peak | -14.97% | -2.72% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -1.69% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 2.10% | +3.11% |
Volatility
IFGL vs. IYRI - Volatility Comparison
iShares International Developed Real Estate ETF (IFGL) has a higher volatility of 4.36% compared to NEOS Real Estate High Income ETF (IYRI) at 4.02%. This indicates that IFGL'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
| IFGL | IYRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.02% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 7.82% | +4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 10.69% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 13.18% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 13.18% | +3.42% |
IFGL vs. IYRI - Expense Ratio Comparison
IFGL has a 0.48% expense ratio, which is lower than IYRI's 0.68% expense ratio.
Dividends
IFGL vs. IYRI - Dividend Comparison
IFGL's dividend yield for the trailing twelve months is around 4.20%, less than IYRI's 12.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.20% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
IYRI NEOS Real Estate High Income ETF | 12.23% | 11.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IFGL and IYRI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFGL has higher volatility (4.36%) compared to IYRI (4.02%). In terms of maximum drawdown, IFGL dropped -68.93% vs IYRI's -12.12%.
On 1-year performance, IYRI leads with 8.01% vs 3.70% for IFGL. On fees, IFGL is cheaper at 0.48% per year. On volatility, IYRI has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYRI has performed better with a 8.01% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFGL is cheaper with a 0.48% expense ratio, compared with 0.68% for IYRI.
IYRI has the higher dividend yield at 12.23%, compared with 4.20% for IFGL.
IFGL is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: iShares and Neos. Their fees differ too: 0.48% for IFGL and 0.68% for IYRI.
IYRI currently has the higher Sharpe Ratio (0.74 vs 0.25), 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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