IYRI vs. VGIT
IYRI (NEOS Real Estate High Income ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - IYRI is a Derivative Income fund tracking the Dow Jones U.S. Real Estate Capped Index, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past year, IYRI returned 8.34% vs 3.54% for VGIT. At a 0.29 correlation, their price movements are largely independent. IYRI charges 0.68%/yr vs 0.03%/yr for VGIT.
Performance
IYRI vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, IYRI achieves a 4.08% return, which is significantly higher than VGIT's -0.46% return.
IYRI
- 1D
- 0.17%
- 1M
- -1.04%
- YTD
- 4.08%
- 6M
- 3.47%
- 1Y
- 8.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGIT
- 1D
- -0.19%
- 1M
- -0.16%
- YTD
- -0.46%
- 6M
- -0.60%
- 1Y
- 3.54%
- 3Y*
- 3.40%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
IYRI vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | 4.08% | 7.95% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.46% | 7.54% |
Correlation
The correlation between IYRI and VGIT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.29 |
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Return for Risk
IYRI vs. VGIT — Risk / Return Rank
IYRI
VGIT
IYRI vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.25 | -0.14 |
| Martin ratioReturn relative to average drawdown | 4.00 | 3.75 | +0.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IYRI | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.05 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.49 | +0.18 |
Drawdowns
IYRI vs. VGIT - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for IYRI and VGIT.
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Drawdown Indicators
| IYRI | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -16.05% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -2.83% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.05% | — |
Current DrawdownCurrent decline from peak | -2.17% | -2.39% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -3.52% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.94% | +1.15% |
Volatility
IYRI vs. VGIT - Volatility Comparison
NEOS Real Estate High Income ETF (IYRI) has a higher volatility of 3.03% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.05%. This indicates that IYRI's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYRI | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 1.05% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 2.33% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 3.38% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 5.38% | +7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.07% | 4.50% | +8.57% |
IYRI vs. VGIT - Expense Ratio Comparison
IYRI has a 0.68% expense ratio, which is higher than VGIT's 0.03% expense ratio.
Dividends
IYRI vs. VGIT - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 11.27%, more than VGIT's 3.87% 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.87% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
IYRI and VGIT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYRI has higher volatility (3.03%) compared to VGIT (1.05%). In terms of maximum drawdown, IYRI dropped -12.12% vs VGIT's -16.05%.
On 1-year performance, IYRI leads with 8.34% vs 3.54% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYRI has performed better with a 8.34% return vs 3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.68% for IYRI.
IYRI has the higher dividend yield at 11.27%, compared with 3.87% for VGIT.
IYRI is categorized as Derivative Income, while VGIT is Government Bonds. IYRI tracks Dow Jones U.S. Real Estate Capped Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: Neos and Vanguard. Their fees differ too: 0.68% for IYRI and 0.03% for VGIT.
VGIT currently has the higher Sharpe Ratio (1.05 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.
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