NEOS Real Estate High Income ETF
$45.77−0.11 (−0.24%)
- 0.68%
- $299M
- +3.9%
- 11.70%
- 0.1M sh
- $45.57
- low $44.48high $51.17
The ETF.net IYRI Grade
B
Score 58 out of 100
- 11 of 22
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D33 out of 100Rank 15 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 11 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 1 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A90 out of 100Rank 1 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 1 of 22
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
- 61
- 53%
- WELL
Sectors
- Real Estate99.5%
- Communication0.5%
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.
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IYRI$10,390
Returns run to the Oct 12, 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 | +2.4% |
| 1 month | −3.2% |
| 3 months | −5.0% |
| 1 year | +3.9% |
| 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 | +2.4% | |
| 2025 | +8.0% |
IYRI in the news
IYRI Dividends
- 11.70%
- $5.37
- $0.43 per share
- Monthly
Distribution history
IYRI Risk
- 10.3%
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.
- 0.04
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
0.68%
IYRI0.68%
- The middle half of Sector Option Income funds
- Median 0.47%
14 of the 22 Sector Option Income funds charge less.
Other funds in Sector Option Income
- BXLKIState Street Technology Select Sector SPDR Premium Income ETFExpense ratio 0.35%1 year return +27.2%
- BTYLGGlobal X - Information Technology Covered Call & Growth ETFExpense ratio 0.64%1 year return +35.3%
- BMLPDGlobal X - MLP & Energy Infrastructure Covered Call ETFExpense ratio 0.60%1 year return +14.3%
- CHAKYAmplify HACK Cybersecurity Covered Call ETFExpense ratio 0.65%1 year return —
- CRNTYYieldMax Target 12 Real Estate Option Income ETFExpense ratio 0.99%1 year return +7.2%