REET vs. IYRI

Last updated Jun 24, 2026

REET (iShares Global REIT ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT Index, while IYRI is a Derivative Income fund actively managed by Neos. REET is passively managed, while IYRI is actively managed. Over the past year, REET returned 14.10% vs 9.17% for IYRI. Their correlation of 0.90 suggests significant overlap in exposure. REET charges 0.14%/yr vs 0.68%/yr for IYRI.

Performance

REET vs. IYRI - Performance Comparison

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

Returns By Period

In the year-to-date period, REET achieves a 11.67% return, which is significantly higher than IYRI's 7.08% return.

REET

• 1D: 0.77%
• 1M: 1.11%
• YTD: 11.67%
• 6M: 12.03%
• 1Y: 14.10%
• 3Y*: 11.63%
• 5Y*: 2.85%
• 10Y*: 4.37%

IYRI

• 1D: 1.00%
• 1M: 0.83%
• YTD: 7.08%
• 6M: 7.36%
• 1Y: 9.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

REET vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
REET iShares Global REIT ETF	11.67%	9.71%
IYRI NEOS Real Estate High Income ETF	7.08%	6.99%

Correlation

The correlation between REET and IYRI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.90

The correlation between REET and IYRI has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

REET vs. IYRI — Risk / Return Rank

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

REET

REET Risk / Return Rank: 33
REET Sharpe Ratio Rank: 32
REET Sortino Ratio Rank: 30
REET Omega Ratio Rank: 31
REET Calmar Ratio Rank: 32
REET Martin Ratio Rank: 38

IYRI

IYRI Risk / Return Rank: 26
IYRI Sharpe Ratio Rank: 25
IYRI Sortino Ratio Rank: 23
IYRI Omega Ratio Rank: 23
IYRI Calmar Ratio Rank: 26
IYRI Martin Ratio Rank: 31

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.

REET vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.

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.

	REET	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	1.14	0.86	+0.28
Sortino ratio: Return per unit of downside risk	1.59	1.23	+0.37
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.05
Calmar ratio: Return relative to maximum drawdown	1.57	1.22	+0.34
Martin ratio: Return relative to average drawdown	5.60	4.37	+1.23

REET vs. IYRI - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 1.14, which is higher than the IYRI Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of REET and IYRI, 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

REET vs. IYRI - Drawdown Comparison

The maximum REET drawdown since its inception was -44.59%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for REET and IYRI.

Drawdown Indicators

	REET	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-44.59%	-12.12%	-32.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	-7.53%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.59%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.52%	-0.14%
Average Drawdown Average peak-to-trough decline	-9.75%	-1.69%	-8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	2.10%	+0.42%

Volatility

REET vs. IYRI - Volatility Comparison

iShares Global REIT ETF (REET) and NEOS Real Estate High Income ETF (IYRI) have volatilities of 4.36% and 4.21%, 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

	REET	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.21%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	7.94%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	10.80%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	13.20%	+3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	13.20%	+5.65%

REET vs. IYRI - Expense Ratio Comparison

REET has a 0.14% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

REET vs. IYRI - Dividend Comparison

REET's dividend yield for the trailing twelve months is around 3.37%, less than IYRI's 11.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYRI NEOS Real Estate High Income ETF	11.96%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
REET iShares Global REIT ETF	3.37%	3.67%	3.64%	3.27%	2.43%	3.18%	2.65%	5.25%	5.73%	3.84%	5.37%	3.56%

Frequently Asked Questions

Can I hold both REET and IYRI in my portfolio?

REET and IYRI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REET or IYRI?

REET has higher volatility (4.36%) compared to IYRI (4.21%). In terms of maximum drawdown, REET dropped -44.59% vs IYRI's -12.12%.

Which ETF is better, REET or IYRI?

On 1-year performance, REET leads with 14.10% vs 9.17% for IYRI. On fees, REET is cheaper at 0.14% per year. On volatility, IYRI has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REET or IYRI?

Over the 1-year period, REET has performed better with a 14.10% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REET or IYRI?

REET is cheaper with a 0.14% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.96%, compared with 3.37% for REET.

What is the main difference between REET and IYRI?

REET is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: iShares and Neos. Their fees differ too: 0.14% for REET and 0.68% for IYRI.

Which has better risk-adjusted returns?

REET currently has the higher Sharpe Ratio (1.14 vs 0.86), 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.