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IYRI vs XLEI

NEOS Real Estate High Income ETF

IYRIBCboe

State Street Energy Select Sector SPDR Premium Income ETF

XLEIBNYSE Arca

Overlap

Expense ratio

XLEI −0.33pt a year

IYRI0.68%XLEI0.35%

Avg volume · 30D

XLEI 2.7×the volume

IYRI75.6KXLEI204K

IYRI vs XLEI Performance

Nov 5, 2025 – Nov 5, 2026

+6.7%IYRI+34.7%XLEI

Nov 5, 2025 to Nov 5, 2026. IYRI +6.7%. XLEI +34.7%. Use the arrow keys to read each point.0%20%50%Nov 2025May 2026Nov 2026
Expense ratio
IYRI 0.68%
XLEI 0.35%, better
Fund size
IYRI $314M
XLEI $202M
1Y total return
IYRI +6.7%
XLEI +34.7%, better
Yield (12M)
IYRI 11.25%
XLEI 20.19%, better
Holdings
IYRI 59
XLEI 3
Avg volume (30D)
IYRI 75.6K sh
XLEI 204K sh, better
NAV per share
IYRI $47.95
XLEI $27.26
52W range

ETF.net Grade

IYRI: Cost 33, Risk 56, Mission not scored, Tradability 84, Holdings 92, Durability 84. XLEI: Cost 76, Risk 66, Mission 73, Tradability 68, Holdings 52, Durability 81.
Pillar letters and Scores for IYRI, XLEI, with each pillar’s weight
PillarIYRIXLEI
Cost30% weightD33A76Higher
Mission25% weightNot scoredA73
Risk15% weightB56B66Higher
Tradability15% weightA84HigherB68
Holdings10% weightA92HigherC52
Durability5% weightA84HigherA81

Rank among Sector Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IYRI and XLEI are both graded against the same 22 Sector Option Income funds, so their Grades compare head to head.

Sector Option Income⁠

Category · 22 funds
See all 22 ›

XLEI ranks 3rd and IYRI 10th of 22 funds in the Sector Option Income Category.

  1. Rank 1AXLIIState Street Industrial Select Sector SPDR Premium Income ETFScore 72
  2. Rank 1AXLSIState Street Consumer Staples Select Sector SPDR Premium Income ETFScore 72
  3. Rank 3BXLEIState Street Energy Select Sector SPDR Premium Income ETFScore 70
  4. Rank 3BXLUIState Street Utilities Select Sector SPDR Premium Income ETFScore 70
  5. Rank 9BXLKIState Street Technology Select Sector SPDR Premium Income ETFScore 61
  6. Rank 10BIYRINEOS Real Estate High Income ETFScore 59
  7. Rank 10BXLBIState Street Materials Select Sector SPDR Premium Income ETFScore 59

Our read on each fund

ETF.net Research

IYRIBNEOS Real Estate High Income ETF

XLEIBState Street Energy Select Sector SPDR Premium Income ETF

In short

IYRI Most 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.

XLEI State Street's 1998-vintage energy sector fund, wrapped in a call-writing overlay. Same oil and gas majors, monthly income from selling options against them, minus some of the upside when crude runs.

Stated mandate

IYRI 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.

XLEI The fund seeks current income while preserving prospects for long-term capital growth by investing in an energy-sector ETF and selling call options on it to generate additional premium income.

Why people hold it

  • IYRI 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.
  • XLEI Underlying is the original energy sector SPDR, trading since 1998: market-cap-weighted S&P 500 oil, gas and services names. No stock picking, just an overlay on a known quantity.stockanalysis.com
  • Pays monthly, and the mandate is written to seek income while preserving prospects for long-term growth rather than sell away all the upside.ssga.com
  • Calls are written on the sector ETF itself, not dozens of single stocks, so the overlay runs off one liquid options chain.ssga.com
  • The 0.35% fee sits right at the median for sector covered-call funds, and the build stands among the stronger ones in that peer group.

Worth knowing

  • IYRI 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
  • XLEI Written calls cap the rally: above the strike, further gains go to the option buyer and the fund keeps the premium instead.ssga.com
  • One narrow sector, market-cap weighted, so the integrated majors dominate. Nothing inside cushions a broad crude selloff.stockanalysis.com
  • A 2025 launch, so there is no record through a full energy cycle yet, and it trades lightly next to the sector fund it holds.

Full IYRI profile⁠

Full XLEI profile⁠

IYRI vs XLEI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IYRI vs XLEI Cost

Overpaying IYRI vs XLEI

$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%

    $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

Expense ratio

  • 0.68%IYRI
  • 0.35%XLEI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLEI cheapest of 22 funds

IYRI 15th cheapest of 22 funds

IYRI vs XLEI Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
IYRI 11.25%
XLEI 20.19%, better
Payout (12M)
IYRI $5.32
XLEI $5.35
Last payment
IYRI $0.41
XLEI $0.50
Ex-dividend
IYRI Oct 21, 2026
XLEI Nov 2, 2026
Paid on
IYRI Oct 23, 2026
XLEI Nov 4, 2026
Frequency
IYRI Monthly
XLEI Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

IYRIMonthly · 22 paymentsAll IYRI payments⁠
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.$0$0.502026YTD
XLEIMonthly · 15 paymentsAll XLEI payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.59; Oct 1, 2025 $0.44; Nov 3, 2025 $0.39; Dec 1, 2025 $0.29; Dec 29, 2025 $0.73; Feb 2, 2026 $0.25; Mar 2, 2026 $0.46; Apr 1, 2026 $0.55; May 1, 2026 $0.31; Jun 1, 2026 $0.45; Jul 1, 2026 $0.54; Aug 3, 2026 $0.39; Sep 1, 2026 $0.37; Oct 1, 2026 $0.51; Nov 2, 2026 $0.50. Use the arrow keys to read each point.$0$0.502026YTD

IYRI vs XLEI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IYRI 10.3%since Feb 2025XLEI 15.6%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
IYRI 0.21since Feb 2025XLEI 2.03since Aug 2025
Worst fallMax drawdown, 5 years
IYRI −12.1%since Jan 2025XLEI −9.5%since Jul 2025
Market sensitivityBeta, 5 years
IYRI 0.33XLEI −0.55

IYRI and XLEI in the news

All news⁠

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