VYMI vs. IYRI

Last updated Jun 21, 2026

VYMI (Vanguard International High Dividend Yield ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while IYRI is a Derivative Income fund actively managed by Neos. VYMI is passively managed, while IYRI is actively managed. Over the past year, VYMI returned 32.55% vs 8.01% for IYRI. A 0.54 correlation means they provide meaningful diversification when combined. VYMI charges 0.07%/yr vs 0.68%/yr for IYRI.

Performance

VYMI vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) 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, VYMI achieves a 12.54% return, which is significantly higher than IYRI's 4.71% return.

VYMI

• 1D: 0.02%
• 1M: 0.76%
• YTD: 12.54%
• 6M: 13.53%
• 1Y: 32.55%
• 3Y*: 21.05%
• 5Y*: 13.03%
• 10Y*: 10.72%

IYRI

• 1D: -0.47%
• 1M: -1.40%
• YTD: 4.71%
• 6M: 5.51%
• 1Y: 8.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VYMI vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
VYMI Vanguard International High Dividend Yield ETF	12.54%	38.75%
IYRI NEOS Real Estate High Income ETF	4.71%	6.99%

Correlation

The correlation between VYMI and IYRI is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.54

The correlation between VYMI and IYRI has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.

Return for Risk

VYMI vs. IYRI — Risk / Return Rank

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

VYMI

VYMI Risk / Return Rank: 75
VYMI Sharpe Ratio Rank: 80
VYMI Sortino Ratio Rank: 79
VYMI Omega Ratio Rank: 79
VYMI Calmar Ratio Rank: 66
VYMI Martin Ratio Rank: 70

IYRI

IYRI Risk / Return Rank: 23
IYRI Sharpe Ratio Rank: 22
IYRI Sortino Ratio Rank: 20
IYRI Omega Ratio Rank: 21
IYRI Calmar Ratio Rank: 23
IYRI Martin Ratio Rank: 28

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.

VYMI vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.

	VYMI	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	2.40	0.74	+1.66
Sortino ratio: Return per unit of downside risk	3.27	1.08	+2.19
Omega ratio: Gain probability vs. loss probability	1.43	1.14	+0.30
Calmar ratio: Return relative to maximum drawdown	3.13	1.06	+2.08
Martin ratio: Return relative to average drawdown	12.29	3.78	+8.51

VYMI vs. IYRI - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.40, which is higher than the IYRI Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of VYMI 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

VYMI vs. IYRI - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for VYMI and IYRI.

Drawdown Indicators

	VYMI	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-40.00%	-12.12%	-27.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-7.53%	-2.61%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.00%	—	—
Current Drawdown Current decline from peak	-0.95%	-2.72%	+1.77%
Average Drawdown Average peak-to-trough decline	-6.29%	-1.69%	-4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.10%	+0.48%

Volatility

VYMI vs. IYRI - Volatility Comparison

Vanguard International High Dividend Yield ETF (VYMI) and NEOS Real Estate High Income ETF (IYRI) have volatilities of 4.13% and 4.02%, 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

	VYMI	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.02%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	7.82%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	10.69%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	13.18%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	13.18%	+3.66%

VYMI vs. IYRI - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

VYMI vs. IYRI - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 4.71%, less than IYRI's 12.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IYRI NEOS Real Estate High Income ETF	12.23%	11.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.63%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both VYMI and IYRI in my portfolio?

VYMI and IYRI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYMI or IYRI?

VYMI has higher volatility (4.13%) compared to IYRI (4.02%). In terms of maximum drawdown, VYMI dropped -40.00% vs IYRI's -12.12%.

Which ETF is better, VYMI or IYRI?

On 1-year performance, VYMI leads with 32.55% vs 8.01% for IYRI. On fees, VYMI is cheaper at 0.07% per year. On volatility, IYRI has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYMI or IYRI?

Over the 1-year period, VYMI has performed better with a 32.55% return vs 8.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYMI or IYRI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 12.23%, compared with 3.63% for VYMI.

What is the main difference between VYMI and IYRI?

VYMI is categorized as Dividend, while IYRI is Derivative Income. They also come from different issuers: Vanguard and Neos. Their fees differ too: 0.07% for VYMI and 0.68% for IYRI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.40 vs 0.74), 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.