IYRI vs. NVO
IYRI (NEOS Real Estate High Income ETF) is Derivative Income fund actively managed by Neos, while NVO (Novo Nordisk A/S) is a stock. Over the past year, IYRI returned 8.01% vs -38.72% for NVO. At a 0.34 correlation, their price movements are largely independent.
Performance
IYRI vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, IYRI achieves a 4.71% return, which is significantly higher than NVO's -12.15% return.
IYRI
- 1D
- -0.47%
- 1M
- -1.40%
- YTD
- 4.71%
- 6M
- 5.51%
- 1Y
- 8.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVO
- 1D
- -0.76%
- 1M
- -3.94%
- YTD
- -12.15%
- 6M
- -7.05%
- 1Y
- -38.72%
- 3Y*
- -16.67%
- 5Y*
- 3.13%
- 10Y*
- 7.50%
IYRI vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | 4.71% | 6.99% |
NVO Novo Nordisk A/S | -12.15% | -35.60% |
Correlation
The correlation between IYRI and NVO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.35 |
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Return for Risk
IYRI vs. NVO — Risk / Return Rank
IYRI
NVO
IYRI vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.87 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.77 | +1.83 |
| Martin ratioReturn relative to average drawdown | 3.78 | -1.20 | +4.98 |
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Drawdowns
IYRI vs. NVO - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for IYRI and NVO.
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Drawdown Indicators
| IYRI | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -74.70% | +62.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -50.59% | +43.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -74.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -2.72% | -68.62% | +65.90% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -17.81% | +16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 32.66% | -30.56% |
Volatility
IYRI vs. NVO - Volatility Comparison
The current volatility for NEOS Real Estate High Income ETF (IYRI) is 4.02%, while Novo Nordisk A/S (NVO) has a volatility of 10.13%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYRI | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 10.13% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 37.86% | -30.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 51.56% | -40.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 38.34% | -25.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 32.53% | -19.35% |
Dividends
IYRI vs. NVO - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 12.23%, more than NVO's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVO Novo Nordisk A/S | 4.17% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
IYRI and NVO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.13%) compared to IYRI (4.02%). In terms of maximum drawdown, IYRI dropped -12.12% vs NVO's -74.70%.
IYRI currently has the higher Sharpe Ratio (0.74 vs -0.76), 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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