IYRI vs. VNQ
Compare and contrast key facts about NEOS Real Estate High Income ETF (IYRI) and Vanguard Real Estate ETF (VNQ).
IYRI and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYRI is a passively managed fund by Neos that tracks the performance of the Dow Jones U.S. Real Estate Capped Index. It was launched on Jan 14, 2025. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004. Both IYRI and VNQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IYRI vs. VNQ - Performance Comparison
Loading graphics...
IYRI vs. VNQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYRI NEOS Real Estate High Income ETF | 0.57% | 7.95% |
VNQ Vanguard Real Estate ETF | 1.67% | 4.64% |
Returns By Period
In the year-to-date period, IYRI achieves a 0.57% return, which is significantly lower than VNQ's 1.67% return.
IYRI
- 1D
- 0.59%
- 1M
- -5.18%
- YTD
- 0.57%
- 6M
- -0.47%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VNQ
- 1D
- 0.36%
- 1M
- -6.21%
- YTD
- 1.67%
- 6M
- -0.84%
- 1Y
- 2.18%
- 3Y*
- 6.57%
- 5Y*
- 2.86%
- 10Y*
- 4.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IYRI vs. VNQ - Expense Ratio Comparison
IYRI has a 0.68% expense ratio, which is higher than VNQ's 0.13% expense ratio.
Return for Risk
IYRI vs. VNQ — Risk / Return Rank
IYRI
VNQ
IYRI vs. VNQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Vanguard Real Estate ETF (VNQ). 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 | VNQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 0.13 | +0.18 |
Sortino ratioReturn per unit of downside risk | 0.52 | 0.30 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.18 | +0.24 |
Martin ratioReturn relative to average drawdown | 1.85 | 0.70 | +1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IYRI | VNQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.13 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.26 | +0.27 |
Correlation
The correlation between IYRI and VNQ is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IYRI vs. VNQ - Dividend Comparison
IYRI's dividend yield for the trailing twelve months is around 11.60%, more than VNQ's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYRI NEOS Real Estate High Income ETF | 11.60% | 11.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.92% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
Drawdowns
IYRI vs. VNQ - Drawdown Comparison
The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for IYRI and VNQ.
Loading graphics...
Drawdown Indicators
| IYRI | VNQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -73.07% | +60.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -12.44% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.40% | — |
Current DrawdownCurrent decline from peak | -5.18% | -9.24% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -13.71% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.21% | -0.65% |
Volatility
IYRI vs. VNQ - Volatility Comparison
The current volatility for NEOS Real Estate High Income ETF (IYRI) is 4.28%, while Vanguard Real Estate ETF (VNQ) has a volatility of 4.57%. This indicates that IYRI experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IYRI | VNQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.57% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.49% | 9.28% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 16.31% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 18.80% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.47% | 20.70% | -7.23% |