IYRI vs. QQQI

Last updated Jun 23, 2026

IYRI (NEOS Real Estate High Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - IYRI is a Derivative Income fund actively managed by Neos, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, IYRI returned 9.35% vs 29.65% for QQQI. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.68% expense ratio.

Performance

IYRI vs. QQQI - 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 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYRI achieves a 6.01% return, which is significantly lower than QQQI's 13.11% return.

IYRI

• 1D: 1.24%
• 1M: -0.17%
• YTD: 6.01%
• 6M: 6.23%
• 1Y: 9.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: 0.04%
• 1M: 2.00%
• YTD: 13.11%
• 6M: 12.48%
• 1Y: 29.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IYRI vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	6.01%	6.99%
QQQI NEOS Nasdaq-100 High Income ETF	13.11%	19.65%

Correlation

The correlation between IYRI and QQQI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.24

The correlation between IYRI and QQQI shifts across timeframes, from 0.14 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IYRI vs. QQQI — Risk / Return Rank

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

IYRI

IYRI Risk / Return Rank: 26
IYRI Sharpe Ratio Rank: 25
IYRI Sortino Ratio Rank: 23
IYRI Omega Ratio Rank: 23
IYRI Calmar Ratio Rank: 26
IYRI Martin Ratio Rank: 32

QQQI

QQQI Risk / Return Rank: 66
QQQI Sharpe Ratio Rank: 65
QQQI Sortino Ratio Rank: 59
QQQI Omega Ratio Rank: 67
QQQI Calmar Ratio Rank: 64
QQQI Martin Ratio Rank: 73

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. QQQI - 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 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	0.87	2.06	-1.18
Sortino ratio: Return per unit of downside risk	1.25	2.72	-1.47
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.22
Calmar ratio: Return relative to maximum drawdown	1.25	3.10	-1.85
Martin ratio: Return relative to average drawdown	4.46	13.29	-8.83

IYRI vs. QQQI - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.87, which is lower than the QQQI Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IYRI and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYRI vs. QQQI - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum QQQI drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for IYRI and QQQI.

Drawdown Indicators

	IYRI	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-20.00%	+7.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-9.61%	+2.08%
Current Drawdown Current decline from peak	-1.51%	-0.46%	-1.05%
Average Drawdown Average peak-to-trough decline	-1.69%	-2.20%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.24%	-0.14%

Volatility

IYRI vs. QQQI - Volatility Comparison

The current volatility for NEOS Real Estate High Income ETF (IYRI) is 4.09%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 7.00%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYRI	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	7.00%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	11.66%	-3.76%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	14.51%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	17.44%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	17.44%	-4.24%

IYRI vs. QQQI - Expense Ratio Comparison

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

Dividends

IYRI vs. QQQI - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 12.08%, less than QQQI's 14.54% yield.

Position	TTM	2025	2024
IYRI NEOS Real Estate High Income ETF	12.08%	11.72%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	14.54%	13.82%	12.85%

Frequently Asked Questions

Can I hold both IYRI and QQQI in my portfolio?

IYRI and QQQI have a correlation of 0.14, 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 QQQI?

QQQI has higher volatility (7.00%) compared to IYRI (4.09%). In terms of maximum drawdown, IYRI dropped -12.12% vs QQQI's -20.00%.

Which ETF is better, IYRI or QQQI?

On 1-year performance, QQQI leads with 29.65% vs 9.35% for IYRI. Both ETFs have the same 0.68% expense ratio. On volatility, IYRI has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYRI or QQQI?

Over the 1-year period, QQQI has performed better with a 29.65% return vs 9.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYRI or QQQI?

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

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

QQQI has the higher dividend yield at 14.54%, compared with 12.08% for IYRI.

What is the main difference between IYRI and QQQI?

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

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.06 vs 0.87), 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.