IYRI vs. RLTY
IYRI (NEOS Real Estate High Income ETF) is Derivative Income fund actively managed by Neos, while RLTY (Cohen & Steers Real Estate Opportunities & Income Fund) is a stock. Over the past year, IYRI returned 9.35% vs 12.05% for RLTY. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IYRI vs. RLTY - Performance Comparison
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Returns By Period
In the year-to-date period, IYRI achieves a 6.01% return, which is significantly lower than RLTY's 9.86% return.
IYRI
- 1D
- 1.24%
- 1M
- -0.17%
- YTD
- 6.01%
- 6M
- 6.23%
- 1Y
- 9.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RLTY
- 1D
- 0.26%
- 1M
- -1.02%
- YTD
- 9.86%
- 6M
- 12.15%
- 1Y
- 12.05%
- 3Y*
- 15.42%
- 5Y*
- —
- 10Y*
- —
IYRI vs. RLTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | 6.01% | 6.99% |
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 9.86% | 9.14% |
Correlation
The correlation between IYRI and RLTY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.72 |
The correlation between IYRI and RLTY has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.
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Return for Risk
IYRI vs. RLTY — Risk / Return Rank
IYRI
RLTY
IYRI vs. RLTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Cohen & Steers Real Estate Opportunities & Income Fund (RLTY). 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 | RLTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.06 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.46 | 3.52 | +0.94 |
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Drawdowns
IYRI vs. RLTY - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum RLTY drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for IYRI and RLTY.
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Drawdown Indicators
| IYRI | RLTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -35.44% | +23.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -11.40% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.81% | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.72% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -13.61% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 3.43% | -1.33% |
Volatility
IYRI vs. RLTY - Volatility Comparison
NEOS Real Estate High Income ETF (IYRI) has a higher volatility of 4.09% compared to Cohen & Steers Real Estate Opportunities & Income Fund (RLTY) at 3.55%. This indicates that IYRI's price experiences larger fluctuations and is considered to be riskier than RLTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYRI | RLTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 3.55% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 10.29% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 13.34% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 22.66% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 22.66% | -9.46% |
Dividends
IYRI vs. RLTY - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 12.08%, more than RLTY's 8.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IYRI NEOS Real Estate High Income ETF | 12.08% | 11.72% | 0.00% | 0.00% | 0.00% |
RLTY Cohen & Steers Real Estate Opportunities & Income Fund | 8.53% | 8.98% | 8.93% | 9.18% | 6.94% |
Frequently Asked Questions
IYRI and RLTY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYRI has higher volatility (4.09%) compared to RLTY (3.55%). In terms of maximum drawdown, IYRI dropped -12.12% vs RLTY's -35.44%.
RLTY currently has the higher Sharpe Ratio (0.91 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.
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