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IYRI vs XLII

NEOS Real Estate High Income ETF

IYRIBCboe

State Street Industrial Select Sector SPDR Premium Income ETF

XLIIANYSE Arca

Overlap

0.0%by weight

Expense ratio

XLII −0.33pt a year

IYRI0.68%XLII0.35%

Avg volume · 30D

IYRI 4.7×the volume

IYRI75.6KXLII16.1K

IYRI vs XLII Performance

Nov 5, 2025 – Nov 5, 2026

+6.7%IYRI+7.1%XLII

Nov 5, 2025 to Nov 5, 2026. IYRI +6.7%. XLII +7.1%. Use the arrow keys to read each point.0%10%15%20%Nov 2025May 2026Nov 2026
Expense ratio
IYRI 0.68%
XLII 0.35%, better
Fund size
IYRI $314M
XLII $17M
1Y total return
IYRI +6.7%
XLII +7.1%, better
Yield (12M)
IYRI 11.25%
XLII 14.07%, better
Holdings
IYRI 59
XLII 2
Avg volume (30D)
IYRI 75.6K sh, better
XLII 16.1K sh
NAV per share
IYRI $47.95
XLII $23.99
52W range

ETF.net Grade

IYRI: Cost 33, Risk 56, Mission not scored, Tradability 84, Holdings 92, Durability 84. XLII: Cost 76, Risk 59, Mission 100, Tradability 58, Holdings 49, Durability 51.
Pillar letters and Scores for IYRI, XLII, with each pillar’s weight
PillarIYRIXLII
Cost30% weightD33A76Higher
Mission25% weightNot scoredA100
Risk15% weightB56B59Higher
Tradability15% weightA84HigherB58
Holdings10% weightA92HigherC49
Durability5% weightA84HigherC51

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 XLII 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 ›

XLII ranks 1st 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 9BXLKIState Street Technology Select Sector SPDR Premium Income ETFScore 61
  4. Rank 10BIYRINEOS Real Estate High Income ETFScore 59
  5. 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

XLIIAState Street Industrial 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.

XLII Covered calls swarm tech; far rarer on machinery, railroads and defense primes. XLII owns the 1998-vintage industrials SPDR and sells short-dated calls on that fund itself, paying out monthly.

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.

XLII The fund is actively managed to pursue current income while retaining the potential for long-term capital growth. It invests in XLI and sells call options on XLI to generate additional 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.
  • XLII Single-ticker build: it holds the industrials SPDR (XLI, running since 1998) and writes listed calls on that fund, so one trade buys the sector basket and the overlay.ssga.comssga.com 2
  • Actively managed overlay, not a rigid formula: managers choose strikes and expiries rather than selling the same call every month. Distributions come monthly.ssga.com
  • Priced at 0.35%, the going rate for sector covered-call funds, and among the stronger implementations in its peer group.
  • Same 0.35% runs across the sibling sleeves (XLVI health care, XLUI utilities), so sector mixes cost the same per leg.etf.com

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
  • XLII Calls cap the upside: premium income is paid for by handing over part of any big industrials rally.ssga.com
  • Fund-of-funds fee stacking. The plain industrials SPDR (XLI) it owns costs a small fraction of 0.35% on its own.ssga.com
  • Launched in 2025, still small and thinly traded, so spreads can run wider than the underlying's.

Full IYRI profile⁠

Full XLII profile⁠

IYRI vs XLII Holdings

How IYRI and XLII differ

Overlap by weight

0.0%

About this figure: IYRI earns income from options, which aren’t counted.

XLII earns income from options, which aren’t counted.

Level by level

  • Sector6 Sectors0.0%
  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

Sector weights in IYRI and XLII, widest gap first
SectorMore in IYRIMore in XLIIGap
Real EstateIYRI +99.5 points
IndustrialsXLII +93.0 points
TechnologyXLII +6.5 points
CommunicationIYRI +0.5 points
MaterialsXLII +0.4 points
Consumer DiscretionaryXLII +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in IYRI and XLII, widest gap first
CountryMore in IYRIMore in XLIIGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • IYRI53.1%
  • XLII101.1%

Securities held

  • IYRI59
  • XLII1

Asset class

IYRI
Stocks
XLII
Stocks

Holdings

  • Only in IYRI59
  • In both0
  • Only in XLII1

Only in IYRI

59 securities, 100% of IYRI by weight

  • Welltower Inc10.33%
  • Prologis Inc8.56%
  • American Tower Corp5.00%

Only in XLII

1 security, 100% of XLII by weight

  • State Street Industrial Select100.53%

Weight gaps

IYRI and XLII share no securities.

All IYRI holdings⁠All 5 XLII 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 XLII Cost

Overpaying IYRI vs XLII

$6,126

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

  • IYRI 0.68%

    $13,252

  • XLII 0.35%

    $7,126

$10,000
30 years

Cost over time

  • IYRI 0.68%
  • XLII 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 $13,252XLII $7,126

Year by year

YearIYRIXLIIOverpaying
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%XLII, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLII cheapest of 22 funds

IYRI 15th cheapest of 22 funds

IYRI vs XLII Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
IYRI 11.25%
XLII 14.07%, better
Payout (12M)
IYRI $5.32
XLII $3.26
Last payment
IYRI $0.41
XLII $0.30
Ex-dividend
IYRI Oct 21, 2026
XLII Nov 2, 2026
Paid on
IYRI Oct 23, 2026
XLII Nov 4, 2026
Frequency
IYRI Monthly
XLII 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
XLIIMonthly · 15 paymentsAll XLII payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.38; Oct 1, 2025 $0.22; Nov 3, 2025 $0.27; Dec 1, 2025 $0.22; Dec 29, 2025 $0.26; Feb 2, 2026 $0.21; Mar 2, 2026 $0.32; Apr 1, 2026 $0.35; May 1, 2026 $0.27; Jun 1, 2026 $0.31; Jul 1, 2026 $0.31; Aug 3, 2026 $0.30; Sep 1, 2026 $0.11; Oct 1, 2026 $0.30; Nov 2, 2026 $0.30. Use the arrow keys to read each point.$0$0.502026YTD

IYRI vs XLII 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 2025XLII 11.9%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
IYRI 0.21since Feb 2025XLII 0.60since Aug 2025
Worst fallMax drawdown, 5 years
IYRI −12.1%since Jan 2025XLII −10.4%since Jul 2025
Market sensitivityBeta, 5 years
IYRI 0.33XLII 0.53

IYRI and XLII in the news

All news⁠

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