IYRI vs. CRSH

Last updated Apr 2, 2026

Compare and contrast key facts about NEOS Real Estate High Income ETF (IYRI) and YieldMax Short TSLA Option Income Strategy ETF (CRSH).

IYRI and CRSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYRI is a passively managed fund by Neos that tracks the performance of the Dow Jones U.S. Real Estate Capped Index. It was launched on Jan 14, 2025. CRSH is an actively managed fund by YieldMax. It was launched on May 1, 2024.

Performance

IYRI vs. CRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). The values are adjusted to include any dividend payments, if applicable.

IYRI vs. CRSH - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	0.57%	7.95%
CRSH YieldMax Short TSLA Option Income Strategy ETF	18.37%	-9.56%

Returns By Period

In the year-to-date period, IYRI achieves a 0.57% return, which is significantly lower than CRSH's 18.37% return.

IYRI

• 1D: 0.59%
• 1M: -5.18%
• YTD: 0.57%
• 6M: -0.47%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRSH

• 1D: -1.76%
• 1M: 6.01%
• YTD: 18.37%
• 6M: 24.09%
• 1Y: -24.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYRI vs. CRSH - Expense Ratio Comparison

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

CRSH

YieldMax Short TSLA Option Income Strategy ETF

IYRI

NEOS Real Estate High Income ETF

Return for Risk

IYRI vs. CRSH — Risk / Return Rank

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

IYRI

IYRI Risk / Return Rank: 21
IYRI Sharpe Ratio Rank: 20
IYRI Sortino Ratio Rank: 19
IYRI Omega Ratio Rank: 19
IYRI Calmar Ratio Rank: 21
IYRI Martin Ratio Rank: 24

CRSH

CRSH Risk / Return Rank: 4
CRSH Sharpe Ratio Rank: 3
CRSH Sortino Ratio Rank: 4
CRSH Omega Ratio Rank: 4
CRSH Calmar Ratio Rank: 3
CRSH Martin Ratio Rank: 6

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. CRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and YieldMax Short TSLA Option Income Strategy ETF (CRSH). 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	CRSH	Difference
Sharpe ratio Return per unit of total volatility	0.31	-0.57	+0.88
Sortino ratio Return per unit of downside risk	0.52	-0.59	+1.11
Omega ratio Gain probability vs. loss probability	1.07	0.93	+0.14
Calmar ratio Return relative to maximum drawdown	0.42	-0.55	+0.97
Martin ratio Return relative to average drawdown	1.85	-0.75	+2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYRI vs. CRSH - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.31, which is higher than the CRSH Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of IYRI and CRSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IYRI	CRSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	-0.57	+0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	-0.64	+1.17

Correlation

The correlation between IYRI and CRSH is -0.19. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IYRI vs. CRSH - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 11.60%, less than CRSH's 100.61% yield.

	TTM	2025	2024
IYRI NEOS Real Estate High Income ETF	11.60%	11.72%	0.00%
CRSH YieldMax Short TSLA Option Income Strategy ETF	100.61%	138.78%	94.25%

Drawdowns

IYRI vs. CRSH - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum CRSH drawdown of -63.68%. Use the drawdown chart below to compare losses from any high point for IYRI and CRSH.

Drawdown Indicators

	IYRI	CRSH	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-63.68%	+51.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-48.16%	+36.85%
Current Drawdown Current decline from peak	-5.18%	-53.43%	+48.25%
Average Drawdown Average peak-to-trough decline	-1.79%	-41.91%	+40.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	35.23%	-32.67%

Volatility

IYRI vs. CRSH - Volatility Comparison

The current volatility for NEOS Real Estate High Income ETF (IYRI) is 4.28%, while YieldMax Short TSLA Option Income Strategy ETF (CRSH) has a volatility of 8.04%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than CRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYRI	CRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	8.04%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	23.47%	-15.98%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	42.40%	-28.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.47%	48.37%	-34.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.47%	48.37%	-34.90%