IYRI vs. RQI

Last updated Jun 4, 2026

IYRI (NEOS Real Estate High Income ETF) is Derivative Income fund tracking the Dow Jones U.S. Real Estate Capped Index, while RQI (Cohen & Steers Quality Income Realty Fund) is a stock. Over the past year, IYRI returned 8.34% vs 15.71% for RQI. Their correlation of 0.86 suggests significant overlap in exposure. IYRI charges 0.68%/yr vs 2.21%/yr for RQI.

Performance

IYRI vs. RQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and Cohen & Steers Quality Income Realty Fund (RQI). 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 RQI's 18.94% return.

IYRI

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

RQI

• 1D: 0.00%
• 1M: -0.09%
• YTD: 18.94%
• 6M: 17.42%
• 1Y: 15.71%
• 3Y*: 14.02%
• 5Y*: 4.38%
• 10Y*: 8.81%

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

IYRI vs. RQI - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	4.08%	7.95%
RQI Cohen & Steers Quality Income Realty Fund	18.94%	-0.86%

Correlation

The correlation between IYRI and RQI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.86

The correlation between IYRI and RQI has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

IYRI vs. RQI — 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

RQI

RQI Risk / Return Rank: 67
RQI Sharpe Ratio Rank: 73
RQI Sortino Ratio Rank: 65
RQI Omega Ratio Rank: 63
RQI Calmar Ratio Rank: 66
RQI Martin Ratio Rank: 71

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. RQI - 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 Quality Income Realty Fund (RQI). 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	RQI	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.06	-0.25
Sortino ratio: Return per unit of downside risk	1.16	1.51	-0.34
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	1.11	1.34	-0.23
Martin ratio: Return relative to average drawdown	4.00	3.99	+0.01
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. RQI - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.81, which is comparable to the RQI Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of IYRI and RQI, 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	RQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.06	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.28	+0.40

Drawdowns

IYRI vs. RQI - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum RQI drawdown of -91.59%. Use the drawdown chart below to compare losses from any high point for IYRI and RQI.

Drawdown Indicators

	IYRI	RQI	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-91.59%	+79.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-11.74%	+4.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.12%	—
Current Drawdown Current decline from peak	-2.17%	-2.02%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.72%	-17.93%	+16.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	3.94%	-1.85%

Volatility

IYRI vs. RQI - Volatility Comparison

The current volatility for NEOS Real Estate High Income ETF (IYRI) is 3.03%, while Cohen & Steers Quality Income Realty Fund (RQI) has a volatility of 4.02%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than RQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYRI	RQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	4.02%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	11.59%	-4.42%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	14.90%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	22.95%	-9.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	26.94%	-13.87%

IYRI vs. RQI - Expense Ratio Comparison

IYRI has a 0.68% expense ratio, which is lower than RQI's 2.21% expense ratio.

Dividends

IYRI vs. RQI - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 11.27%, more than RQI's 8.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYRI NEOS Real Estate High Income ETF	11.27%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RQI Cohen & Steers Quality Income Realty Fund	8.70%	9.54%	7.84%	7.84%	10.41%	5.27%	7.74%	6.79%	9.27%	7.59%	7.86%	7.86%

Frequently Asked Questions

Can I hold both IYRI and RQI in my portfolio?

IYRI and RQI have a correlation of 0.82, 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 RQI?

RQI has higher volatility (4.02%) compared to IYRI (3.03%). In terms of maximum drawdown, IYRI dropped -12.12% vs RQI's -91.59%.

Which has better risk-adjusted returns?

RQI currently has the higher Sharpe Ratio (1.06 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.