RIET vs. IYRI

Last updated Aug 4, 2026

RIET (Hoya Capital High Dividend Yield ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index, while IYRI is a Derivative Income fund actively managed by Neos. RIET is passively managed, while IYRI is actively managed. Over the past year, RIET returned 13.98% vs 12.47% for IYRI. Their 0.72 correlation means they have sometimes moved together and sometimes differently. RIET charges 0.50%/yr vs 0.68%/yr for IYRI.

Performance

RIET vs. IYRI - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with RIET having a 9.52% return and IYRI slightly higher at 9.58%.

RIET

• 1D: -0.10%
• 1M: -1.64%
• 6M: 6.51%
• YTD: 9.52%
• 1Y: 13.98%
• 3Y*: 6.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.16%

IYRI

• 1D: 0.12%
• 1M: 1.35%
• 6M: 8.12%
• YTD: 9.58%
• 1Y: 12.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.83%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IYRI NEOS Real Estate High Income ETF	$3.29M	$3.49M	$3.76M
RIET Hoya Capital High Dividend Yield ETF	$880.64K	$881.01K	$774.89K

RIET vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
RIET Hoya Capital High Dividend Yield ETF	9.52%	3.87%
IYRI NEOS Real Estate High Income ETF	9.58%	6.99%

Correlation

The correlation between RIET and IYRI is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.72

The correlation between RIET and IYRI has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

Return for Risk

RIET vs. IYRI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RIET

RIET Risk / Return Rank: 40
RIET Sharpe Ratio Rank: 41
RIET Sortino Ratio Rank: 40
RIET Omega Ratio Rank: 37
RIET Calmar Ratio Rank: 43
RIET Martin Ratio Rank: 39

IYRI

IYRI Risk / Return Rank: 46
IYRI Sharpe Ratio Rank: 47
IYRI Sortino Ratio Rank: 45
IYRI Omega Ratio Rank: 45
IYRI Calmar Ratio Rank: 46
IYRI Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RIET vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.

	RIET	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.17	-0.10
Sortino ratio: Return per unit of downside risk	1.56	1.67	-0.11
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.60	1.66	-0.06
Martin ratio: Return relative to average drawdown	4.19	6.07	-1.88

RIET vs. IYRI - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is 1.07, which is comparable to the IYRI Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of RIET 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

RIET vs. IYRI - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for RIET and IYRI.

Drawdown Indicators

	RIET	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-12.12%	-22.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-7.53%	-1.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Current Drawdown Current decline from peak	-5.59%	-0.71%	-4.88%
Average Drawdown Average peak-to-trough decline	-16.03%	-1.60%	-14.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.06%	+1.28%

Volatility

RIET vs. IYRI - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 3.70% compared to NEOS Real Estate High Income ETF (IYRI) at 2.86%. This indicates that RIET's price experiences larger fluctuations and is considered to be riskier than IYRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIET	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	2.86%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	8.17%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	10.71%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	13.00%	+5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	13.00%	+5.82%

RIET vs. IYRI - Expense Ratio Comparison

RIET has a 0.50% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

RIET vs. IYRI - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 10.73%, which matches IYRI's 10.83% yield.

Position	TTM	2025	2024	2023	2022	2021
IYRI NEOS Real Estate High Income ETF	10.83%	11.72%	0.00%	0.00%	0.00%	0.00%
RIET Hoya Capital High Dividend Yield ETF	10.73%	11.04%	10.17%	9.33%	9.33%	1.99%

Frequently Asked Questions

Can I hold both RIET and IYRI in my portfolio?

RIET and IYRI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIET or IYRI?

RIET has higher volatility (3.70%) compared to IYRI (2.86%). In terms of maximum drawdown, RIET dropped -34.61% vs IYRI's -12.12%.

Which ETF is better, RIET or IYRI?

On 1-year performance, RIET leads with 13.98% vs 12.47% for IYRI. On fees, RIET is cheaper at 0.50% per year. On volatility, IYRI has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RIET or IYRI?

Over the 1-year period, RIET has performed better with a 13.98% return vs 12.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RIET or IYRI?

RIET is cheaper with a 0.50% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 10.83%, compared with 10.73% for RIET.

What is the main difference between RIET and IYRI?

RIET is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Hoya Capital and Neos. Their fees differ too: 0.50% for RIET and 0.68% for IYRI.

Which has better risk-adjusted returns?

IYRI currently has the higher Sharpe Ratio (1.17 vs 1.07), 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.