RSPR vs. IYRI

Last updated Jun 24, 2026

RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - RSPR is a REIT fund tracking the S&P 500 Equal Weighted / Real Estate - SEC, while IYRI is a Derivative Income fund actively managed by Neos. RSPR is passively managed, while IYRI is actively managed. Over the past year, RSPR returned 6.50% vs 9.17% for IYRI. Their correlation of 0.91 suggests significant overlap in exposure. RSPR charges 0.40%/yr vs 0.68%/yr for IYRI.

Performance

RSPR vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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, RSPR achieves a 10.68% return, which is significantly higher than IYRI's 7.08% return.

RSPR

• 1D: 1.27%
• 1M: 1.57%
• YTD: 10.68%
• 6M: 11.84%
• 1Y: 6.50%
• 3Y*: 10.36%
• 5Y*: 2.90%
• 10Y*: 6.30%

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)

RSPR vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	10.68%	0.30%
IYRI NEOS Real Estate High Income ETF	7.08%	6.99%

Correlation

The correlation between RSPR and IYRI is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.91

The correlation between RSPR and IYRI has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

RSPR vs. IYRI — Risk / Return Rank

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

RSPR

RSPR Risk / Return Rank: 16
RSPR Sharpe Ratio Rank: 16
RSPR Sortino Ratio Rank: 15
RSPR Omega Ratio Rank: 14
RSPR Calmar Ratio Rank: 18
RSPR Martin Ratio Rank: 17

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.

RSPR vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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.

	RSPR	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.86	-0.41
Sortino ratio: Return per unit of downside risk	0.71	1.23	-0.52
Omega ratio: Gain probability vs. loss probability	1.09	1.16	-0.07
Calmar ratio: Return relative to maximum drawdown	0.75	1.22	-0.47
Martin ratio: Return relative to average drawdown	1.65	4.37	-2.73

RSPR vs. IYRI - Sharpe Ratio Comparison

The current RSPR Sharpe Ratio is 0.45, which is lower than the IYRI Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of RSPR 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

RSPR vs. IYRI - Drawdown Comparison

The maximum RSPR drawdown since its inception was -41.96%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for RSPR and IYRI.

Drawdown Indicators

	RSPR	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-41.96%	-12.12%	-29.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-7.53%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.96%	—	—
Current Drawdown Current decline from peak	-1.70%	-0.52%	-1.18%
Average Drawdown Average peak-to-trough decline	-9.36%	-1.69%	-7.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.95%	2.10%	+1.85%

Volatility

RSPR vs. IYRI - Volatility Comparison

Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) has a higher volatility of 4.92% compared to NEOS Real Estate High Income ETF (IYRI) at 4.21%. This indicates that RSPR'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

	RSPR	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	4.21%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	7.94%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	10.80%	+3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.13%	13.20%	+5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	13.20%	+8.22%

RSPR vs. IYRI - Expense Ratio Comparison

RSPR has a 0.40% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

RSPR vs. IYRI - Dividend Comparison

RSPR's dividend yield for the trailing twelve months is around 2.84%, 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%
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	2.84%	2.70%	2.58%	2.91%	3.14%	2.56%	3.82%	2.48%	3.02%	3.01%	2.06%	1.03%

Frequently Asked Questions

Can I hold both RSPR and IYRI in my portfolio?

With a correlation of 0.90, RSPR and IYRI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSPR or IYRI?

RSPR has higher volatility (4.92%) compared to IYRI (4.21%). In terms of maximum drawdown, RSPR dropped -41.96% vs IYRI's -12.12%.

Which ETF is better, RSPR or IYRI?

On 1-year performance, IYRI leads with 9.17% vs 6.50% for RSPR. On fees, RSPR is cheaper at 0.40% 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, RSPR or IYRI?

Over the 1-year period, IYRI has performed better with a 9.17% return vs 6.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPR or IYRI?

RSPR is cheaper with a 0.40% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.96%, compared with 2.84% for RSPR.

What is the main difference between RSPR and IYRI?

RSPR is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Invesco and Neos. Their fees differ too: 0.40% for RSPR and 0.68% for IYRI.

Which has better risk-adjusted returns?

IYRI currently has the higher Sharpe Ratio (0.86 vs 0.45), 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.