IRET vs. IYRI

Last updated Jun 24, 2026

IRET (iREIT MarketVector Quality REIT Index ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - IRET is a REIT fund tracking the iREIT MarketVector Quality REIT Index, while IYRI is a Derivative Income fund actively managed by Neos. IRET is passively managed, while IYRI is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. IRET charges 0.60%/yr vs 0.68%/yr for IYRI.

Performance

IRET vs. IYRI - Performance Comparison

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

Returns By Period

IRET

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

IYRI

• 1D: 1.00%
• 1M: 0.83%
• YTD: 7.08%
• 6M: 7.36%
• 1Y: 9.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IRET vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
IRET iREIT MarketVector Quality REIT Index ETF	14.33%	0.63%
IYRI NEOS Real Estate High Income ETF	7.08%	6.99%

Correlation

The correlation between IRET and IYRI is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.81

The correlation between IRET and IYRI has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Return for Risk

IRET vs. IYRI — Risk / Return Rank

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

IRET

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

IYRI

IYRI Risk / Return Rank: 26
IYRI Sharpe Ratio Rank: 25
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.

IRET vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iREIT MarketVector Quality REIT Index ETF (IRET) 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.

	IRET	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.86	—
Sortino ratio: Return per unit of downside risk	—	1.23	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.22	—
Martin ratio: Return relative to average drawdown	—	4.37	—

Drawdowns

Drawdown Indicators

	IRET	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.53%	—
Current Drawdown Current decline from peak	—	-0.52%	—
Average Drawdown Average peak-to-trough decline	—	-1.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.10%	—

Volatility

Volatility by Period

	IRET	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.20%	—

IRET vs. IYRI - Expense Ratio Comparison

IRET has a 0.60% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

IRET vs. IYRI - Dividend Comparison

IRET's dividend yield for the trailing twelve months is around 3.79%, less than IYRI's 11.96% yield.

Position	TTM	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	3.79%	5.14%	3.52%
IYRI NEOS Real Estate High Income ETF	11.96%	11.72%	0.00%

Frequently Asked Questions

Can I hold both IRET and IYRI in my portfolio?

IRET and IYRI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRET or IYRI?

On fees, IRET is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRET or IYRI?

IRET is cheaper with a 0.60% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.96%, compared with 3.79% for IRET.

What is the main difference between IRET and IYRI?

IRET is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: iREIT and Neos. Their fees differ too: 0.60% for IRET and 0.68% for IYRI.