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IYRI vs XLSI

NEOS Real Estate High Income ETF

IYRIBCboe

State Street Consumer Staples Select Sector SPDR Premium Income ETF

XLSIANYSE Arca

Overlap

0.0%by weight

Expense ratio

XLSI −0.33pt a year

IYRI0.68%XLSI0.35%

Avg volume · 30D

IYRI 3.8×the volume

IYRI75.6KXLSI19.9K

IYRI vs XLSI Performance

Nov 5, 2025 – Nov 5, 2026

+6.7%IYRI+15.8%XLSI

Nov 5, 2025 to Nov 5, 2026. IYRI +6.7%. XLSI +15.8%. Use the arrow keys to read each point.0%10%Nov 2025May 2026Nov 2026
Expense ratio
IYRI 0.68%
XLSI 0.35%, better
Fund size
IYRI $314M
XLSI $26M
1Y total return
IYRI +6.7%
XLSI +15.8%, better
Yield (12M)
IYRI 11.25%
XLSI 12.25%, better
Holdings
IYRI 59
XLSI 2
Avg volume (30D)
IYRI 75.6K sh, better
XLSI 19.9K sh
NAV per share
IYRI $47.95
XLSI $23.87
52W range

ETF.net Grade

IYRI: Cost 33, Risk 56, Mission not scored, Tradability 84, Holdings 92, Durability 84. XLSI: Cost 76, Risk 68, Mission 81, Tradability 75, Holdings 47, Durability 58.
Pillar letters and Scores for IYRI, XLSI, with each pillar’s weight
PillarIYRIXLSI
Cost30% weightD33A76Higher
Mission25% weightNot scoredA81
Risk15% weightB56B68Higher
Tradability15% weightA84HigherA75
Holdings10% weightA92HigherC47
Durability5% weightA84HigherB58

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 XLSI 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 ›

XLSI 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 3BXLEIState Street Energy Select Sector SPDR Premium Income ETFScore 70
  4. Rank 9BXLKIState Street Technology Select Sector SPDR Premium Income ETFScore 61
  5. Rank 10BIYRINEOS Real Estate High Income ETFScore 59
  6. 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

XLSIAState Street Consumer Staples 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.

XLSI Covered calls on the market's quietest aisle. XLSI owns the classic consumer staples sector fund and sells calls on it, turning soup, soap and razors into monthly income while giving up gains above the strike.

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.

XLSI The fund uses an actively managed strategy intended to provide current income while preserving prospects for long-term capital growth. It invests in the Consumer Staples Select Sector SPDR ETF and sells call options on that ETF 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.
  • XLSI Simple plumbing: it holds shares of the staples Select Sector fund (XLP) and writes calls on that same ETF, so the equity sleeve is the plain sector basket, not a synthetic stand-in.ssga.com
  • 0.35% sits right at the median for its option-income sector cohort, the same sticker as siblings XLVI, XLUI and XLEI.
  • Pays monthly, and the call overlay is actively managed: a manager sets the strikes rather than following a fixed published formula.ssga.com
  • Sticks tightly to the mandate on the tin, and ranks among the stronger builds in its sector-overlay 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
  • XLSI The calls cap the top end: gains above the strike on the underlying staples fund are traded away for premium.ssga.com
  • Option premiums rise and fall with volatility, so the monthly payout moves around. Income, not a coupon.
  • Launched in 2025 and small next to the giant option-income names, so the record is short and trading is light. Spreads can widen.

Full IYRI profile⁠

Full XLSI profile⁠

IYRI vs XLSI Holdings

How IYRI and XLSI differ

Overlap by weight

0.0%

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

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

Level by level

  • Sector5 Sectors0.0%
  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

Sector weights in IYRI and XLSI, widest gap first
SectorMore in IYRIMore in XLSIGap
Real EstateIYRI +99.5 points
Consumer StaplesXLSI +97.0 points
FinancialsXLSI +1.5 points
Consumer DiscretionaryXLSI +1.5 points
CommunicationIYRI +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in IYRI and XLSI, widest gap first
CountryMore in IYRIMore in XLSIGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • IYRI53.1%
  • XLSI104.6%

Securities held

  • IYRI59
  • XLSI1

Asset class

IYRI
Stocks
XLSI
Stocks

Holdings

  • Only in IYRI59
  • In both0
  • Only in XLSI1

Only in IYRI

59 securities, 100% of IYRI by weight

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

Only in XLSI

1 security, 100% of XLSI by weight

  • State Street Consumer Staples104.56%

Weight gaps

IYRI and XLSI share no securities.

All IYRI holdings⁠All 7 XLSI 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 XLSI Cost

Overpaying IYRI vs XLSI

$6,126

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

  • IYRI 0.68%

    $13,252

  • XLSI 0.35%

    $7,126

$10,000
30 years

Cost over time

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

Year by year

YearIYRIXLSIOverpaying
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%XLSI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLSI cheapest of 22 funds

IYRI 15th cheapest of 22 funds

IYRI vs XLSI Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
IYRI 11.25%
XLSI 12.25%, better
Payout (12M)
IYRI $5.32
XLSI $2.92
Last payment
IYRI $0.41
XLSI $0.22
Ex-dividend
IYRI Oct 21, 2026
XLSI Nov 2, 2026
Paid on
IYRI Oct 23, 2026
XLSI Nov 4, 2026
Frequency
IYRI Monthly
XLSI 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
XLSIMonthly · 15 paymentsAll XLSI payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.29; Oct 1, 2025 $0.28; Nov 3, 2025 $0.22; Dec 1, 2025 $0.15; Dec 29, 2025 $0.32; Feb 2, 2026 $0.18; Mar 2, 2026 $0.30; Apr 1, 2026 $0.33; May 1, 2026 $0.19; Jun 1, 2026 $0.20; Jul 1, 2026 $0.35; Aug 3, 2026 $0.19; Sep 1, 2026 $0.18; Oct 1, 2026 $0.32; Nov 2, 2026 $0.22. Use the arrow keys to read each point.$0$0.502026YTD

IYRI vs XLSI 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 2025XLSI 12.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
IYRI 0.21since Feb 2025XLSI 0.48since Aug 2025
Worst fallMax drawdown, 5 years
IYRI −12.1%since Jan 2025XLSI −7.9%since Jul 2025
Market sensitivityBeta, 5 years
IYRI 0.33XLSI 0.19

IYRI and XLSI in the news

All news⁠

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