IYRI vs. O
IYRI (NEOS Real Estate High Income ETF) is Derivative Income fund actively managed by Neos, while O (Realty Income Corporation) is a stock. Over the past year, IYRI returned 12.34% vs 19.09% for O. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
IYRI vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, IYRI achieves a 9.45% return, which is significantly lower than O's 16.77% return.
IYRI
- 1D
- -0.34%
- 1M
- 1.23%
- 6M
- 6.89%
- YTD
- 9.45%
- 1Y
- 12.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.81%
O
- 1D
- -0.45%
- 1M
- 0.47%
- 6M
- 7.15%
- YTD
- 16.77%
- 1Y
- 19.09%
- 3Y*
- 7.48%
- 5Y*
- 3.93%
- 10Y*
- 4.22%
- ALL TIME*
- 13.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.30M | $3.47M | $3.75M | |
| $289.37M | $324.64M | $369.00M |
IYRI vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | 9.45% | 6.99% |
O Realty Income Corporation | 16.77% | 12.20% |
Correlation
The correlation between IYRI and O is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.66 |
The correlation between IYRI and O has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
IYRI vs. O — Risk / Return Rank
IYRI
O
IYRI vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.86 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.62 | 4.24 | +1.38 |
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Drawdowns
IYRI vs. O - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for IYRI and O.
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Drawdown Indicators
| IYRI | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -48.45% | +36.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -11.10% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -0.83% | -3.39% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -9.18% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 4.87% | -2.81% |
Volatility
IYRI vs. O - Volatility Comparison
The current volatility for NEOS Real Estate High Income ETF (IYRI) is 2.97%, while Realty Income Corporation (O) has a volatility of 6.31%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYRI | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 6.31% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 12.91% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 16.57% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 19.04% | -6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 25.67% | -12.66% |
Dividends
IYRI vs. O - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 10.84%, more than O's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYRI NEOS Real Estate High Income ETF | 10.84% | 11.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
O Realty Income Corporation | 5.07% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
IYRI and O have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (6.31%) compared to IYRI (2.97%). In terms of maximum drawdown, IYRI dropped -12.12% vs O's -48.45%.
O currently has the higher Sharpe Ratio (1.25 vs 1.08), 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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