WTRE vs. IYRI

Last updated Jun 24, 2026

WTRE (WisdomTree New Economy Real Estate ETF) and IYRI (NEOS Real Estate High Income ETF) are both exchange-traded funds - WTRE is a REIT fund tracking the CenterSquare New Economy Real Estate Index, while IYRI is a Derivative Income fund actively managed by Neos. WTRE is passively managed, while IYRI is actively managed. Over the past year, WTRE returned 37.40% vs 9.17% for IYRI. A 0.55 correlation means they provide meaningful diversification when combined. WTRE charges 0.58%/yr vs 0.68%/yr for IYRI.

Performance

WTRE vs. IYRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree New Economy Real Estate ETF (WTRE) 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, WTRE achieves a 20.00% return, which is significantly higher than IYRI's 7.08% return.

WTRE

• 1D: -0.18%
• 1M: -1.96%
• YTD: 20.00%
• 6M: 19.09%
• 1Y: 37.40%
• 3Y*: 19.04%
• 5Y*: 1.35%
• 10Y*: 3.95%

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)

WTRE vs. IYRI - Yearly Performance Comparison

	2026 (YTD)	2025
WTRE WisdomTree New Economy Real Estate ETF	20.00%	28.98%
IYRI NEOS Real Estate High Income ETF	7.08%	6.99%

Correlation

The correlation between WTRE and IYRI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.55

The correlation between WTRE and IYRI shifts across timeframes, from 0.44 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTRE vs. IYRI — Risk / Return Rank

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

WTRE

WTRE Risk / Return Rank: 53
WTRE Sharpe Ratio Rank: 58
WTRE Sortino Ratio Rank: 54
WTRE Omega Ratio Rank: 50
WTRE Calmar Ratio Rank: 57
WTRE Martin Ratio Rank: 46

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.

WTRE vs. IYRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree New Economy Real Estate ETF (WTRE) 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.

	WTRE	IYRI	Difference
Sharpe ratio: Return per unit of total volatility	1.82	0.86	+0.96
Sortino ratio: Return per unit of downside risk	2.42	1.23	+1.19
Omega ratio: Gain probability vs. loss probability	1.30	1.16	+0.14
Calmar ratio: Return relative to maximum drawdown	2.64	1.22	+1.42
Martin ratio: Return relative to average drawdown	7.19	4.37	+2.81

WTRE vs. IYRI - Sharpe Ratio Comparison

The current WTRE Sharpe Ratio is 1.82, which is higher than the IYRI Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of WTRE 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

WTRE vs. IYRI - Drawdown Comparison

The maximum WTRE drawdown since its inception was -74.18%, which is greater than IYRI's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for WTRE and IYRI.

Drawdown Indicators

	WTRE	IYRI	Difference
Max Drawdown Largest peak-to-trough decline	-74.18%	-12.12%	-62.06%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-7.53%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.47%	—	—
Current Drawdown Current decline from peak	-5.32%	-0.52%	-4.80%
Average Drawdown Average peak-to-trough decline	-24.92%	-1.69%	-23.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	2.10%	+3.12%

Volatility

WTRE vs. IYRI - Volatility Comparison

WisdomTree New Economy Real Estate ETF (WTRE) has a higher volatility of 5.74% compared to NEOS Real Estate High Income ETF (IYRI) at 4.21%. This indicates that WTRE'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

	WTRE	IYRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	4.21%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	16.11%	7.94%	+8.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	10.80%	+9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	13.20%	+6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	13.20%	+5.23%

WTRE vs. IYRI - Expense Ratio Comparison

WTRE has a 0.58% expense ratio, which is lower than IYRI's 0.68% expense ratio.

Dividends

WTRE vs. IYRI - Dividend Comparison

WTRE's dividend yield for the trailing twelve months is around 2.03%, 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%
WTRE WisdomTree New Economy Real Estate ETF	2.03%	2.33%	2.69%	2.05%	1.68%	6.47%	2.96%	7.88%	4.49%	6.34%	5.96%	4.58%

Frequently Asked Questions

Can I hold both WTRE and IYRI in my portfolio?

WTRE and IYRI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WTRE or IYRI?

WTRE has higher volatility (5.74%) compared to IYRI (4.21%). In terms of maximum drawdown, WTRE dropped -74.18% vs IYRI's -12.12%.

Which ETF is better, WTRE or IYRI?

On 1-year performance, WTRE leads with 37.40% vs 9.17% for IYRI. On fees, WTRE is cheaper at 0.58% 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, WTRE or IYRI?

Over the 1-year period, WTRE has performed better with a 37.40% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WTRE or IYRI?

WTRE is cheaper with a 0.58% expense ratio, compared with 0.68% for IYRI.

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

IYRI has the higher dividend yield at 11.96%, compared with 2.03% for WTRE.

What is the main difference between WTRE and IYRI?

WTRE is categorized as REIT, while IYRI is Derivative Income. They also come from different issuers: WisdomTree and Neos. Their fees differ too: 0.58% for WTRE and 0.68% for IYRI.

Which has better risk-adjusted returns?

WTRE currently has the higher Sharpe Ratio (1.82 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.