IYRI vs. QQQH

Last updated Jun 4, 2026

IYRI (NEOS Real Estate High Income ETF) and QQQH (NEOS Nasdaq-100 Hedged Equity Income ETF) are both exchange-traded funds - IYRI is a Derivative Income fund tracking the Dow Jones U.S. Real Estate Capped Index, while QQQH is a Nasdaq-100 fund managed by Neos. Over the past year, IYRI returned 8.34% vs 20.09% for QQQH. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.68% expense ratio.

Performance

IYRI vs. QQQH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYRI achieves a 4.08% return, which is significantly lower than QQQH's 7.91% return.

IYRI

• 1D: 0.17%
• 1M: -1.04%
• YTD: 4.08%
• 6M: 3.47%
• 1Y: 8.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQH

• 1D: -0.02%
• 1M: 4.93%
• YTD: 7.91%
• 6M: 7.82%
• 1Y: 20.09%
• 3Y*: 20.71%
• 5Y*: 9.42%
• 10Y*: —

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

IYRI vs. QQQH - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	4.08%	7.95%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	7.91%	13.38%

Correlation

The correlation between IYRI and QQQH is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.30

IYRI vs. QQQH - Sectors Allocation Comparison

Sectors	IYRI	QQQH
Real Estate	98.0%	0.1%
Basic Materials	1.3%	1.2%
Communication Services	0.6%	16.1%
Consumer Cyclical	-	12.1%
Consumer Defensive	-	7.6%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.1%
Industrials	-	3.1%
Technology	-	53.5%
Utilities	-	1.3%

Return for Risk

IYRI vs. QQQH — Risk / Return Rank

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

IYRI

IYRI Risk / Return Rank: 23
IYRI Sharpe Ratio Rank: 23
IYRI Sortino Ratio Rank: 21
IYRI Omega Ratio Rank: 22
IYRI Calmar Ratio Rank: 24
IYRI Martin Ratio Rank: 28

QQQH

QQQH Risk / Return Rank: 62
QQQH Sharpe Ratio Rank: 61
QQQH Sortino Ratio Rank: 59
QQQH Omega Ratio Rank: 63
QQQH Calmar Ratio Rank: 58
QQQH Martin Ratio Rank: 67

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. QQQH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH). 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	QQQH	Difference
Sharpe ratio Return per unit of total volatility	0.81	2.09	-1.28
Sortino ratio Return per unit of downside risk	1.16	2.85	-1.69
Omega ratio Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	1.11	2.90	-1.79
Martin ratio Return relative to average drawdown	4.00	12.60	-8.60
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. QQQH - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.81, which is lower than the QQQH Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IYRI and QQQH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYRI	QQQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	2.09	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.79	-0.11

Drawdowns

IYRI vs. QQQH - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum QQQH drawdown of -31.24%. Use the drawdown chart below to compare losses from any high point for IYRI and QQQH.

Drawdown Indicators

	IYRI	QQQH	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-31.24%	+19.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-6.96%	-0.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.24%	—
Current Drawdown Current decline from peak	-2.17%	-0.02%	-2.15%
Average Drawdown Average peak-to-trough decline	-1.72%	-8.27%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.60%	+0.49%

Volatility

IYRI vs. QQQH - Volatility Comparison

NEOS Real Estate High Income ETF (IYRI) has a higher volatility of 3.03% compared to NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) at 1.73%. This indicates that IYRI's price experiences larger fluctuations and is considered to be riskier than QQQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYRI	QQQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	1.73%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	7.34%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	9.67%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	13.20%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	13.37%	-0.30%

IYRI vs. QQQH - Expense Ratio Comparison

Both IYRI and QQQH have an expense ratio of 0.68%.

Dividends

IYRI vs. QQQH - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 11.27%, more than QQQH's 8.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IYRI NEOS Real Estate High Income ETF	11.27%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQH NEOS Nasdaq-100 Hedged Equity Income ETF	8.74%	8.86%	7.53%	7.18%	9.05%	7.77%	7.48%	0.65%

Frequently Asked Questions

Can I hold both IYRI and QQQH in my portfolio?

IYRI and QQQH have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYRI or QQQH?

IYRI has higher volatility (3.03%) compared to QQQH (1.73%). In terms of maximum drawdown, IYRI dropped -12.12% vs QQQH's -31.24%.

Which ETF is better, IYRI or QQQH?

On 1-year performance, QQQH leads with 20.09% vs 8.34% for IYRI. Both ETFs have the same 0.68% expense ratio. On volatility, QQQH has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYRI or QQQH?

Over the 1-year period, QQQH has performed better with a 20.09% return vs 8.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYRI or QQQH?

IYRI and QQQH have the same expense ratio: 0.68% per year.

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

IYRI has the higher dividend yield at 11.27%, compared with 8.74% for QQQH.

What is the main difference between IYRI and QQQH?

IYRI is categorized as Derivative Income, while QQQH is Nasdaq-100.

Which has better risk-adjusted returns?

QQQH currently has the higher Sharpe Ratio (2.09 vs 0.81), 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.