IYRI vs. FIYY

Last updated Jul 16, 2026

IYRI (NEOS Real Estate High Income ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. IYRI charges 0.68%/yr vs 1.07%/yr for FIYY.

Performance

IYRI vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IYRI

• 1D: -0.12%
• 1M: 0.87%
• 6M: 5.77%
• YTD: 7.81%
• 1Y: 10.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.16%
• 1M: -0.47%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYRI vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
IYRI NEOS Real Estate High Income ETF	2.51%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.85%

Correlation

The correlation between IYRI and FIYY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.08

Return for Risk

IYRI vs. FIYY — Risk / Return Rank

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

IYRI

IYRI Risk / Return Rank: 33
IYRI Sharpe Ratio Rank: 32
IYRI Sortino Ratio Rank: 31
IYRI Omega Ratio Rank: 30
IYRI Calmar Ratio Rank: 34
IYRI Martin Ratio Rank: 39

FIYY

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

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. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

	IYRI	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	4.99	—	—

Drawdowns

IYRI vs. FIYY - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for IYRI and FIYY.

Drawdown Indicators

	IYRI	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-2.51%	-9.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	—	—
Current Drawdown Current decline from peak	-0.68%	-1.97%	+1.29%
Average Drawdown Average peak-to-trough decline	-1.65%	-1.48%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	—	—

Volatility

Volatility by Period

	IYRI	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	5.05%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.11%	5.05%	+8.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.11%	5.05%	+8.06%

IYRI vs. FIYY - Expense Ratio Comparison

IYRI has a 0.68% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

IYRI vs. FIYY - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 10.94%, more than FIYY's 1.13% yield.

Position	TTM	2025
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%
IYRI NEOS Real Estate High Income ETF	10.94%	11.72%

Frequently Asked Questions

Can I hold both IYRI and FIYY in my portfolio?

IYRI and FIYY have a correlation of 0.08, 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 FIYY?

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 FIYY?

IYRI is cheaper with a 0.68% expense ratio, compared with 1.07% for FIYY.

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

IYRI has the higher dividend yield at 10.94%, compared with 1.13% for FIYY.

What is the main difference between IYRI and FIYY?

They also come from different issuers: Neos and GraniteShares. Their fees differ too: 0.68% for IYRI and 1.07% for FIYY.