IYRI vs. PBP
Compare and contrast key facts about NEOS Real Estate High Income ETF (IYRI) and Invesco S&P 500 BuyWrite ETF (PBP).
IYRI and PBP 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. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007. Both IYRI and PBP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IYRI vs. PBP - Performance Comparison
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IYRI vs. PBP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | -0.02% | 7.95% |
PBP Invesco S&P 500 BuyWrite ETF | -1.04% | 7.00% |
Returns By Period
In the year-to-date period, IYRI achieves a -0.02% return, which is significantly higher than PBP's -1.04% return.
IYRI
- 1D
- 1.81%
- 1M
- -5.59%
- YTD
- -0.02%
- 6M
- -1.22%
- 1Y
- 4.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBP
- 1D
- 2.04%
- 1M
- -2.62%
- YTD
- -1.04%
- 6M
- 5.76%
- 1Y
- 11.29%
- 3Y*
- 10.74%
- 5Y*
- 7.48%
- 10Y*
- 6.70%
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IYRI vs. PBP - Expense Ratio Comparison
IYRI has a 0.68% expense ratio, which is higher than PBP's 0.29% expense ratio.
Return for Risk
IYRI vs. PBP — Risk / Return Rank
IYRI
PBP
IYRI vs. PBP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Invesco S&P 500 BuyWrite ETF (PBP). 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 | PBP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.80 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.50 | 1.27 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.12 | -0.72 |
Martin ratioReturn relative to average drawdown | 1.79 | 6.40 | -4.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYRI | PBP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.80 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.32 | +0.16 |
Correlation
The correlation between IYRI and PBP is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IYRI vs. PBP - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 11.67%, which matches PBP's 11.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYRI NEOS Real Estate High Income ETF | 11.67% | 11.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBP Invesco S&P 500 BuyWrite ETF | 11.63% | 11.12% | 9.36% | 3.35% | 1.33% | 6.21% | 1.41% | 5.04% | 2.59% | 10.86% | 2.56% | 6.19% |
Drawdowns
IYRI vs. PBP - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum PBP drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for IYRI and PBP.
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Drawdown Indicators
| IYRI | PBP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -43.43% | +31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -10.20% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -5.73% | -3.29% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -6.75% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.79% | +0.75% |
Volatility
IYRI vs. PBP - Volatility Comparison
NEOS Real Estate High Income ETF (IYRI) and Invesco S&P 500 BuyWrite ETF (PBP) have volatilities of 4.19% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYRI | PBP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.09% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 5.97% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 14.26% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 11.95% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.48% | 13.69% | -0.21% |