IYRI vs. VYMI

Last updated Jun 21, 2026

IYRI (NEOS Real Estate High Income ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - IYRI is a Derivative Income fund actively managed by Neos, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. IYRI is actively managed, while VYMI is passively managed. Over the past year, IYRI returned 8.01% vs 32.55% for VYMI. A 0.54 correlation means they provide meaningful diversification when combined. IYRI charges 0.68%/yr vs 0.07%/yr for VYMI.

Performance

IYRI vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Real Estate High Income ETF (IYRI) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYRI achieves a 4.71% return, which is significantly lower than VYMI's 12.54% return.

IYRI

• 1D: -0.47%
• 1M: -1.40%
• YTD: 4.71%
• 6M: 5.51%
• 1Y: 8.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VYMI

• 1D: 0.02%
• 1M: 0.76%
• YTD: 12.54%
• 6M: 13.53%
• 1Y: 32.55%
• 3Y*: 21.05%
• 5Y*: 13.03%
• 10Y*: 10.72%

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

IYRI vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025
IYRI NEOS Real Estate High Income ETF	4.71%	6.99%
VYMI Vanguard International High Dividend Yield ETF	12.54%	38.75%

Correlation

The correlation between IYRI and VYMI is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.54

The correlation between IYRI and VYMI has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.

Return for Risk

IYRI vs. VYMI — 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: 22
IYRI Sortino Ratio Rank: 20
IYRI Omega Ratio Rank: 21
IYRI Calmar Ratio Rank: 23
IYRI Martin Ratio Rank: 28

VYMI

VYMI Risk / Return Rank: 75
VYMI Sharpe Ratio Rank: 80
VYMI Sortino Ratio Rank: 79
VYMI Omega Ratio Rank: 79
VYMI Calmar Ratio Rank: 66
VYMI Martin Ratio Rank: 70

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. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Real Estate High Income ETF (IYRI) and Vanguard International High Dividend Yield ETF (VYMI). 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	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.40	-1.66
Sortino ratio: Return per unit of downside risk	1.08	3.27	-2.19
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.30
Calmar ratio: Return relative to maximum drawdown	1.06	3.13	-2.08
Martin ratio: Return relative to average drawdown	3.78	12.29	-8.51

IYRI vs. VYMI - Sharpe Ratio Comparison

The current IYRI Sharpe Ratio is 0.74, which is lower than the VYMI Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of IYRI and VYMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IYRI vs. VYMI - Drawdown Comparison

The maximum IYRI drawdown since its inception was -12.12%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for IYRI and VYMI.

Drawdown Indicators

	IYRI	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-40.00%	+27.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-10.14%	+2.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.00%	—
Current Drawdown Current decline from peak	-2.72%	-0.95%	-1.77%
Average Drawdown Average peak-to-trough decline	-1.69%	-6.29%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.58%	-0.48%

Volatility

IYRI vs. VYMI - Volatility Comparison

NEOS Real Estate High Income ETF (IYRI) and Vanguard International High Dividend Yield ETF (VYMI) have volatilities of 4.02% and 4.13%, 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	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	4.13%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	11.13%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	13.23%	-2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.18%	14.87%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	16.84%	-3.66%

IYRI vs. VYMI - Expense Ratio Comparison

IYRI has a 0.68% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

IYRI vs. VYMI - Dividend Comparison

IYRI's dividend yield for the trailing twelve months is around 12.23%, more than VYMI's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IYRI NEOS Real Estate High Income ETF	12.23%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.63%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both IYRI and VYMI in my portfolio?

IYRI and VYMI have a correlation of 0.50, 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 VYMI?

VYMI has higher volatility (4.13%) compared to IYRI (4.02%). In terms of maximum drawdown, IYRI dropped -12.12% vs VYMI's -40.00%.

Which ETF is better, IYRI or VYMI?

On 1-year performance, VYMI leads with 32.55% vs 8.01% for IYRI. On fees, VYMI is cheaper at 0.07% per year. On volatility, IYRI has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYRI or VYMI?

Over the 1-year period, VYMI has performed better with a 32.55% return vs 8.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYRI or VYMI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 12.23%, compared with 3.63% for VYMI.

What is the main difference between IYRI and VYMI?

IYRI is categorized as Derivative Income, while VYMI is Dividend. They also come from different issuers: Neos and Vanguard. Their fees differ too: 0.68% for IYRI and 0.07% for VYMI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.40 vs 0.74), 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.