Skip to content
etf.net

Launched · SEC filings

NEOS Real Estate High Income ETF

IYRICboeNeosB

$47.23−0.65 (−1.36%)

At close: Nov 5, 2026, 4:00 PM ET

B59/ 100

Rank 10 of 22 in Sector Option Income

B59/100Rank 10 of 22inSector Option Income
Intraday session: down, 79 prints from 47.88 to 47.23. Range 47.06 to 48.00. Use the arrow keys to read each point.47.4047.6048.0010 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$314M
1Y total return
+6.7%
Yield · Last 12 months
11.25%
Holdings
59
Avg volume · 30D
75.6K sh
52W range
low $44.48high $50.89
Launched
Filings
SEC EDGAR

The ETF.net IYRI Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Sector Option Income⁠
Rank
10 of 22
Six-pillar profile for IYRI. Scores out of 100: Cost 33, Risk 56, Mission not scored, Tradability 84, Holdings 92, Durability 84. Strongest: Holdings (92). Weakest: Cost (33). Based on 5 of 6 pillars.

Score 59 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 100
    Rank 15 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 9 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 1 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A92 out of 100
    Rank 1 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 1 of 22

Our read on IYRI

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarA92 out of 100Rank 1 of 19 in Sector Option Income
Asset class
Stocks
Holdings
59
Top-10 weight
53%
Largest holding
WELL10.3%

Sectors

  • Real Estate99.5%
  • Communication0.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1WELLWelltower Inc10.33%130,611$32.4M346
2PLDPrologis Inc8.56%204,398$26.8M351
3AMTAmerican Tower Corp5.00%80,428$15.7M355
4SPGSimon Property Group Inc4.94%67,808$15.5M324
5EQIXEquinix Inc4.68%13,909$14.7M368
6DLRDigital Realty Trust Inc4.55%77,255$14.3M325
7PSAPublic Storage4.11%37,646$12.9M303
8ORealty Income Corp4.00%211,956$12.6M288
9VMRKVivmark Residential3.49%171,945$11M187
10VTRVentas Inc3.42%120,319$10.7M307
11CBRECBRE Group Inc3.13%69,502$9.81M295
12CCICrown Castle Inc3.00%102,034$9.4M252
13IRMIron Mountain Inc2.66%70,426$8.36M272
14EXRExtra Space Storage Inc2.54%49,538$7.98M260
15VICIVICI Properties Inc2.06%255,755$6.46M284

Showing 1–15 of 59 holdings

IYRI Performance

Launched Jan 14, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
IYRI$10,670
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. IYRI $10,670. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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.

Trailing total return for IYRI. Periods over one year show the average yearly return.
PeriodIYRI
Year to date+6.4%
1 month+6.0%
3 months−2.9%
1 year+6.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IYRI
YearReturn barIYRI
2026 YTD+6.4%
2025+8.0%

History from Jan 15, 2025

IYRI in the news

IYRI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
11.25%Last 12 months
Payout per share
$5.32Last 12 months
Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 22 payments from 2025 to 2026 YTD. Jan 22, 2025 $0.50; Feb 26, 2025 $0.51; Mar 26, 2025 $0.51; Apr 23, 2025 $0.48; May 21, 2025 $0.48; Jun 25, 2025 $0.47; Jul 23, 2025 $0.47; Aug 20, 2025 $0.46; Sep 24, 2025 $0.46; Oct 22, 2025 $0.46; Nov 26, 2025 $0.45; Dec 24, 2025 $0.44; Jan 21, 2026 $0.45; Feb 18, 2026 $0.46; Mar 18, 2026 $0.44; Apr 22, 2026 $0.45; May 20, 2026 $0.44; Jun 16, 2026 $0.45; Jul 22, 2026 $0.45; Aug 19, 2026 $0.45; Sep 16, 2026 $0.43; Oct 21, 2026 $0.41. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 23, 2026$0.41
Sep 16, 2026Sep 18, 2026$0.43
Aug 19, 2026Aug 21, 2026$0.45
Jul 22, 2026Jul 24, 2026$0.45
Jun 16, 2026Jun 18, 2026$0.45
May 20, 2026May 22, 2026$0.44
Apr 22, 2026Apr 24, 2026$0.45
Mar 18, 2026Mar 20, 2026$0.44
Feb 18, 2026Feb 20, 2026$0.46
Jan 21, 2026Jan 23, 2026$0.45
Dec 24, 2025Dec 26, 2025$0.44
Nov 26, 2025Nov 28, 2025$0.45

See all 22 payments⁠

$10,000 in IYRI 1 year ago paid $1,080 in dividends.⁠

IYRI Risk

Risk pillarB56 out of 100Rank 9 of 22 in Sector Option Income
How much the fund’s monthly returns vary, scaled to a year.
10.3%
Annualised · 21 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · 21 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−12.1%
21 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

IYRI Cost

Compare IYRI and XLEI

Overpaying vs XLEI, tied cheapest in Sector Option Income

$6,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IYRI 0.68%

    $13,252

  • XLEI 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • IYRI 0.68%
  • XLEI 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IYRI $13,252XLEI $7,126

Year by year

YearIYRIXLEIOverpaying
10$1,215$634$581
20$4,633$2,454$2,179
30$13,252$7,126$6,126

Other funds in Sector Option Income

See others