IYRI vs. SRET

Last updated Jun 4, 2026

IYRI (NEOS Real Estate High Income ETF) and SRET (Global X SuperDividend REIT ETF) are both exchange-traded funds - IYRI is a Derivative Income fund tracking the Dow Jones U.S. Real Estate Capped Index, while SRET is a REIT fund tracking the Solactive Global SuperDividend REIT Index. Both are passively managed. Over the past year, IYRI returned 8.34% vs 14.94% for SRET. A 0.71 correlation means they provide meaningful diversification when combined. IYRI charges 0.68%/yr vs 0.58%/yr for SRET.

Performance

IYRI vs. SRET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and Global X SuperDividend REIT ETF (SRET). 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 higher than SRET's 3.74% return.

IYRI

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

SRET

• 1D: -1.07%
• 1M: -1.81%
• YTD: 3.74%
• 6M: 4.08%
• 1Y: 14.94%
• 3Y*: 9.29%
• 5Y*: 1.19%
• 10Y*: 1.05%

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

IYRI vs. SRET - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	4.08%	7.95%
SRET Global X SuperDividend REIT ETF	3.74%	18.09%

Correlation

The correlation between IYRI and SRET is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025	0.71

The correlation between IYRI and SRET has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

IYRI vs. SRET - Sectors Allocation Comparison

Sectors	IYRI	SRET
Real Estate	98.0%	92.5%
Basic Materials	1.3%	-
Communication Services	0.6%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	3.1%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IYRI vs. SRET — 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

SRET

SRET Risk / Return Rank: 35
SRET Sharpe Ratio Rank: 36
SRET Sortino Ratio Rank: 34
SRET Omega Ratio Rank: 33
SRET Calmar Ratio Rank: 32
SRET Martin Ratio Rank: 40

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. SRET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Global X SuperDividend REIT ETF (SRET). 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	SRET	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.32	-0.51
Sortino ratio: Return per unit of downside risk	1.16	1.84	-0.67
Omega ratio: Gain probability vs. loss probability	1.15	1.23	-0.08
Calmar ratio: Return relative to maximum drawdown	1.11	1.58	-0.47
Martin ratio: Return relative to average drawdown	4.00	6.61	-2.61
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. SRET - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.81, which is lower than the SRET Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of IYRI and SRET, 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	SRET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	1.32	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.06	+0.62

Drawdowns

IYRI vs. SRET - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum SRET drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for IYRI and SRET.

Drawdown Indicators

	IYRI	SRET	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-66.98%	+54.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-9.48%	+1.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.98%	—
Current Drawdown Current decline from peak	-2.17%	-24.23%	+22.06%
Average Drawdown Average peak-to-trough decline	-1.72%	-22.49%	+20.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.27%	-0.18%

Volatility

IYRI vs. SRET - Volatility Comparison

NEOS Real Estate High Income ETF (IYRI) and Global X SuperDividend REIT ETF (SRET) have volatilities of 3.03% and 3.11%, 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.

Volatility by Period

	IYRI	SRET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.11%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	8.72%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	11.36%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	16.50%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	24.58%	-11.51%

IYRI vs. SRET - Expense Ratio Comparison

IYRI has a 0.68% expense ratio, which is higher than SRET's 0.58% expense ratio.

Dividends

IYRI vs. SRET - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 11.27%, more than SRET's 8.78% 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%
SRET Global X SuperDividend REIT ETF	8.78%	7.98%	8.72%	7.21%	8.30%	6.33%	8.88%	7.83%	8.54%	8.20%	8.08%	7.74%

Frequently Asked Questions

Can I hold both IYRI and SRET in my portfolio?

IYRI and SRET have a correlation of 0.68, 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 SRET?

SRET has higher volatility (3.11%) compared to IYRI (3.03%). In terms of maximum drawdown, IYRI dropped -12.12% vs SRET's -66.98%.

Which ETF is better, IYRI or SRET?

On 1-year performance, SRET leads with 14.94% vs 8.34% for IYRI. On fees, SRET is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYRI or SRET?

Over the 1-year period, SRET has performed better with a 14.94% 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 SRET?

SRET is cheaper with a 0.58% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.27%, compared with 8.78% for SRET.

What is the main difference between IYRI and SRET?

IYRI is categorized as Derivative Income, while SRET is REIT. IYRI tracks Dow Jones U.S. Real Estate Capped Index, while SRET tracks Solactive Global SuperDividend REIT Index. They also come from different issuers: Neos and Global X. Their fees differ too: 0.68% for IYRI and 0.58% for SRET.

Which has better risk-adjusted returns?

SRET currently has the higher Sharpe Ratio (1.32 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.