IYRI vs. ARMW

Last updated Jun 4, 2026

IYRI (NEOS Real Estate High Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. IYRI is passively managed, while ARMW is actively managed. At a 0.17 correlation, their price movements are largely independent. IYRI charges 0.68%/yr vs 0.99%/yr for ARMW.

Performance

IYRI vs. ARMW - Performance Comparison

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

Returns By Period

In the year-to-date period, IYRI achieves a 4.08% return, which is significantly lower than ARMW's 363.23% return.

IYRI

• 1D: 0.17%
• 1M: -1.04%
• YTD: 4.08%
• 6M: 3.47%
• 1Y: 8.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYRI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	4.08%	-2.38%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between IYRI and ARMW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.17

IYRI vs. ARMW - Sectors Allocation Comparison

Sectors	IYRI	ARMW
Real Estate	98.0%	-
Basic Materials	1.3%	-
Communication Services	0.6%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	36.0%
Utilities	-	-

Return for Risk

IYRI vs. ARMW — Risk / Return Rank

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

IYRI

IYRI Risk / Return Rank: 23
IYRI Sharpe Ratio Rank: 23
IYRI Sortino Ratio Rank: 21
IYRI Omega Ratio Rank: 22
IYRI Calmar Ratio Rank: 24
IYRI Martin Ratio Rank: 28

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.

IYRI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Roundhill ARM WeeklyPay ETF (ARMW). 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.

	IYRI	ARMW	Difference
Sharpe ratio Return per unit of total volatility	0.81	—	—
Sortino ratio Return per unit of downside risk	1.16	—	—
Omega ratio Gain probability vs. loss probability	1.15	—	—
Calmar ratio Return relative to maximum drawdown	1.11	—	—
Martin ratio Return relative to average drawdown	4.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IYRI	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	4.96	-4.28

Drawdowns

IYRI vs. ARMW - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for IYRI and ARMW.

Drawdown Indicators

	IYRI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-48.47%	+36.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	—	—
Current Drawdown Current decline from peak	-2.17%	0.00%	-2.17%
Average Drawdown Average peak-to-trough decline	-1.72%	-26.55%	+24.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	IYRI	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	88.46%	-78.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	88.46%	-75.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	88.46%	-75.39%

IYRI vs. ARMW - Expense Ratio Comparison

IYRI has a 0.68% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

IYRI vs. ARMW - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 11.27%, less than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
IYRI NEOS Real Estate High Income ETF	11.27%	11.72%

Frequently Asked Questions

Can I hold both IYRI and ARMW in my portfolio?

IYRI and ARMW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IYRI or ARMW?

On fees, IYRI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IYRI or ARMW?

IYRI is cheaper with a 0.68% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 11.27% for IYRI.

What is the main difference between IYRI and ARMW?

They also come from different issuers: Neos and Roundhill Investments. Their fees differ too: 0.68% for IYRI and 0.99% for ARMW.