NUW vs. IYRI

Last updated Feb 7, 2026

Compare and contrast key facts about Nuveen AMT-Free Municipal Value Fund (NUW) and NEOS Real Estate High Income ETF (IYRI).

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.

Performance

NUW vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen AMT-Free Municipal Value Fund (NUW) and NEOS Real Estate High Income ETF (IYRI). The values are adjusted to include any dividend payments, if applicable.

NUW vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
NUW Nuveen AMT-Free Municipal Value Fund	1.47%	8.63%
IYRI NEOS Real Estate High Income ETF	-0.02%	7.95%

Returns By Period

NUW

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYRI

• 1D: 1.81%
• 1M: -5.59%
• YTD: -0.02%
• 6M: -1.22%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUW vs. IYRI - Expense Ratio Comparison

IYRI

NEOS Real Estate High Income ETF

Return for Risk

NUW vs. IYRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUW

NUW Risk / Return Rank: 55
NUW Sharpe Ratio Rank: 60
NUW Sortino Ratio Rank: 61
NUW Omega Ratio Rank: 55
NUW Calmar Ratio Rank: 40
NUW Martin Ratio Rank: 58

IYRI

IYRI Risk / Return Rank: 22
IYRI Sharpe Ratio Rank: 21
IYRI Sortino Ratio Rank: 20
IYRI Omega Ratio Rank: 21
IYRI Calmar Ratio Rank: 22
IYRI Martin Ratio Rank: 26

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.

NUW vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen AMT-Free Municipal Value Fund (NUW) and NEOS Real Estate High Income ETF (IYRI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NUW	IYRI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.49	—

Correlation

The correlation between NUW and IYRI is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NUW vs. IYRI - Dividend Comparison

NUW's dividend yield for the trailing twelve months is around 4.02%, less than IYRI's 11.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUW Nuveen AMT-Free Municipal Value Fund	3.35%	4.07%	3.89%	3.58%	3.44%	3.98%	2.85%	3.87%	5.34%	5.33%	4.72%	4.45%
IYRI NEOS Real Estate High Income ETF	11.67%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	NUW	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-26.43%	-12.12%	-14.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-11.31%	+5.12%
Max Drawdown (5Y) Largest decline over 5 years	-22.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.43%	—	—
Current Drawdown Current decline from peak	-2.01%	-5.73%	+3.72%
Average Drawdown Average peak-to-trough decline	-8.21%	-1.78%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	2.54%	-0.84%

Volatility

Volatility by Period

	NUW	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.48%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.48%	—