SRVR vs. IYRI

Last updated Jun 24, 2026

SRVR (Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - SRVR is a REIT fund tracking the Benchmark Data & Infrastructure Real Estate SCTR Index, while IYRI is a Derivative Income fund actively managed by Neos. SRVR is passively managed, while IYRI is actively managed. Over the past year, SRVR returned 5.84% vs 9.17% for IYRI. A 0.62 correlation means they provide meaningful diversification when combined. SRVR charges 0.60%/yr vs 0.68%/yr for IYRI.

Performance

SRVR vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) 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, SRVR achieves a 17.97% return, which is significantly higher than IYRI's 7.08% return.

SRVR

• 1D: -1.01%
• 1M: -2.35%
• YTD: 17.97%
• 6M: 18.04%
• 1Y: 5.84%
• 3Y*: 8.93%
• 5Y*: -1.27%
• 10Y*: —

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)

SRVR vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF	17.97%	1.67%
IYRI NEOS Real Estate High Income ETF	7.08%	6.99%

Correlation

The correlation between SRVR and IYRI is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.62

The correlation between SRVR and IYRI has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

Return for Risk

SRVR vs. IYRI — Risk / Return Rank

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

SRVR

SRVR Risk / Return Rank: 13
SRVR Sharpe Ratio Rank: 13
SRVR Sortino Ratio Rank: 13
SRVR Omega Ratio Rank: 13
SRVR Calmar Ratio Rank: 13
SRVR Martin Ratio Rank: 12

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.

SRVR vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) 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.

	SRVR	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.86	-0.52
Sortino ratio: Return per unit of downside risk	0.60	1.23	-0.63
Omega ratio: Gain probability vs. loss probability	1.07	1.16	-0.09
Calmar ratio: Return relative to maximum drawdown	0.40	1.22	-0.83
Martin ratio: Return relative to average drawdown	0.84	4.37	-3.53

SRVR vs. IYRI - Sharpe Ratio Comparison

The current SRVR Sharpe Ratio is 0.34, which is lower than the IYRI Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of SRVR 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

SRVR vs. IYRI - Drawdown Comparison

The maximum SRVR drawdown since its inception was -40.99%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for SRVR and IYRI.

Drawdown Indicators

	SRVR	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-40.99%	-12.12%	-28.87%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	-7.53%	-7.25%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.99%	—	—
Current Drawdown Current decline from peak	-13.62%	-0.52%	-13.10%
Average Drawdown Average peak-to-trough decline	-15.24%	-1.69%	-13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.94%	2.10%	+4.84%

Volatility

SRVR vs. IYRI - Volatility Comparison

Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) has a higher volatility of 5.66% compared to NEOS Real Estate High Income ETF (IYRI) at 4.21%. This indicates that SRVR'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

	SRVR	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	4.21%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	13.59%	7.94%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	10.80%	+6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	13.20%	+6.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	13.20%	+8.24%

SRVR vs. IYRI - Expense Ratio Comparison

SRVR has a 0.60% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

SRVR vs. IYRI - Dividend Comparison

SRVR's dividend yield for the trailing twelve months is around 2.59%, less than IYRI's 11.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF	2.59%	2.67%	2.00%	3.69%	1.70%	1.19%	1.59%	1.61%	2.13%

Frequently Asked Questions

Can I hold both SRVR and IYRI in my portfolio?

SRVR and IYRI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRVR or IYRI?

SRVR has higher volatility (5.66%) compared to IYRI (4.21%). In terms of maximum drawdown, SRVR dropped -40.99% vs IYRI's -12.12%.

Which ETF is better, SRVR or IYRI?

On 1-year performance, IYRI leads with 9.17% vs 5.84% for SRVR. On fees, SRVR is cheaper at 0.60% 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, SRVR or IYRI?

Over the 1-year period, IYRI has performed better with a 9.17% return vs 5.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRVR or IYRI?

SRVR is cheaper with a 0.60% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.96%, compared with 2.59% for SRVR.

What is the main difference between SRVR and IYRI?

SRVR is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: Pacer and Neos. Their fees differ too: 0.60% for SRVR and 0.68% for IYRI.

Which has better risk-adjusted returns?

IYRI currently has the higher Sharpe Ratio (0.86 vs 0.34), 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.