NEOS Real Estate High Income ETF
$46.43−0.47 (−1.00%)
- Expense ratio
- 0.68%
- Fund size
- $307M
- 1Y return
- +4.3%
- Yield · Last 12 months
- 12.43%
- Volume · 30D
- 0.1M sh
- NAV per share
- $46.56
- 52W range
The ETF.net IYRI Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 33Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 90Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on IYRI
BMost sector options-income funds cover health care, utilities and energy. IYRI takes the real estate seat: US property stocks paired with calls written on the Dow Jones U.S. Real Estate Capped Index, with income paid monthly.
The Fund seeks high monthly income while retaining potential for equity appreciation. It invests primarily in U.S. real estate-company securities and uses call options on ETFs tracking the Dow Jones U.S. Real Estate Capped Index to generate income.
Why people hold it
- Fills the real estate slot in a shelf that mostly skips it. The highest-ranked peers here cover health care (XLVI), utilities (XLUI) and energy (XLEI), with no REIT sleeve among them.
- Real shares, not a synthetic wrapper: it owns US real estate company securities and writes calls on ETFs tracking the Dow Jones U.S. Real Estate Capped Index to generate the income.
- Pays monthly, and the stated mandate keeps room for the equity sleeve to appreciate rather than selling every scrap of upside for premium.
- Mid-size asset base and steady day-to-day volume, so retail-size orders don't require special handling.
Worth knowing
- At 0.68% a year, it runs about double the 0.35% charged by the State Street sector premium income funds (XLVI, XLUI, XLEI).
- The call writing funds the payout by trading away part of any sharp rally in the underlying real estate index. That is the deal being made.
- The issuer discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back. The fund also only launched in January 2025.neosfunds.com
IYRI Holdings
- Stocks
- —
- 53%
- WELL
Sectors
- Real Estate99.4%
- Communication0.6%
Geography
- United States100.00%
IYRI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IYRI |
|---|---|
| Year to date | +4.7% |
| 1 month | −4.5% |
| 3 months | −1.2% |
| 1 year | +4.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IYRI |
|---|---|---|
| 2026 YTD | +4.7% | |
| 2025 | +8.0% |
IYRI in the news
ETF.net Research hasn’t filed on IYRI yet — coverage lands here as it’s written.
IYRI Dividends
- 12.43%
- $5.83
- $0.43 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 18, 2026 | $0.43 |
| Aug 19, 2026 | Aug 21, 2026 | $0.45 |
| Jul 22, 2026 | Jul 24, 2026 | $0.45 |
| Jun 16, 2026 | Jun 18, 2026 | $0.45 |
| May 20, 2026 | May 22, 2026 | $0.44 |
| Apr 22, 2026 | Apr 24, 2026 | $0.45 |
| Mar 18, 2026 | Mar 20, 2026 | $0.44 |
| Feb 18, 2026 | Feb 20, 2026 | $0.46 |
| Jan 21, 2026 | Jan 23, 2026 | $0.45 |
| Dec 24, 2025 | Dec 26, 2025 | $0.44 |
| Nov 26, 2025 | Nov 28, 2025 | $0.45 |
| Oct 22, 2025 | Oct 24, 2025 | $0.46 |
IYRI Risk
- 9.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IYRI Cost
- The middle half of Sector Option Income funds
- Median 0.47%
14 of the 22 Sector Option Income funds charge less.