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IYRI vs XLUI

NEOS Real Estate High Income ETF

IYRIBCboe

State Street Utilities Select Sector SPDR Premium Income ETF

XLUIBNYSE Arca

Overlap

0.0%by weight

Expense ratio

XLUI −0.33pt a year

IYRI0.68%XLUI0.35%

Avg volume · 30D

IYRI 1.3×the volume

IYRI75.6KXLUI56.6K

IYRI vs XLUI Performance

Nov 5, 2025 – Nov 5, 2026

+6.7%IYRI+4.8%XLUI

Nov 5, 2025 to Nov 5, 2026. IYRI +6.7%. XLUI +4.8%. Use the arrow keys to read each point.−2.5%0%2.5%10%Nov 2025May 2026Nov 2026
Expense ratio
IYRI 0.68%
XLUI 0.35%, better
Fund size
IYRI $314M
XLUI $68M
1Y total return
IYRI +6.7%, better
XLUI +4.8%
Yield (12M)
IYRI 11.25%
XLUI 15.54%, better
Holdings
IYRI 59
XLUI 2
Avg volume (30D)
IYRI 75.6K sh, better
XLUI 56.6K sh
NAV per share
IYRI $47.95
XLUI $22.78
52W range

ETF.net Grade

IYRI: Cost 33, Risk 56, Mission not scored, Tradability 84, Holdings 92, Durability 84. XLUI: Cost 76, Risk 40, Mission 94, Tradability 63, Holdings 49, Durability 72.
Pillar letters and Scores for IYRI, XLUI, with each pillar’s weight
PillarIYRIXLUI
Cost30% weightD33A76Higher
Mission25% weightNot scoredA94
Risk15% weightB56HigherC40
Tradability15% weightA84HigherB63
Holdings10% weightA92HigherC49
Durability5% weightA84HigherA72

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 XLUI 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 ›

XLUI 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 3AXLVIState Street Health Care Select Sector SPDR Premium Income ETFScore 70
  6. Rank 9BXLKIState Street Technology Select Sector SPDR Premium Income ETFScore 61
  7. Rank 10BIYRINEOS Real Estate High Income ETFScore 59
  8. 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

XLUIBState Street Utilities 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.

XLUI Utilities run on regulated cash flows and steady dividends, the market's slow lane. XLUI parks there and sells calls against it, turning quiet into monthly income. It arrived in 2025 as part of the first suite to bolt a premium-income overlay onto sector SPDRs.

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.

XLUI The fund is an actively managed equity strategy seeking current income and long-term capital growth by investing in the State Street Utilities Select Sector SPDR ETF and selling call options on that ETF.

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.
  • XLUI Simple plumbing: it owns State Street's utilities sector ETF and writes calls on that same fund. No stock picking, no basket drift, the sector exposure the label implies.ssga.com
  • 0.35% a year sits right at the median for its sector call-writing peers, and the cash comes monthly rather than quarterly.
  • One of the strongest builds in its sector-overlay group, with health care sibling XLVI, and the strategy it runs matches the one on the tin.
  • Eleven sector versions launched together, all on the same wrapper and the same 0.35% fee, so switching the sector tilt does not mean switching strategy.nasdaq.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
  • XLUI Written calls trade away part of a rally. When utilities run hard, the premium collected is what you get instead of the full move.ssga.com
  • Launched in 2025 and still a small fund that trades thinly, so bid-ask spreads can run wider than on the underlying sector ETF.
  • One sector, one underlying holding. Results track utilities, and the monthly payout moves with option premiums and dividends rather than a fixed rate.ssga.com

Full IYRI profile⁠

Full XLUI profile⁠

IYRI vs XLUI Holdings

How IYRI and XLUI differ

Overlap by weight

0.0%

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

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

Level by level

  • Sector3 Sectors0.0%
  • Holdings0 in both0.0%
  • Asset classStocks100%
  • Countryby domicile100%

Sector

Sector weights in IYRI and XLUI, widest gap first
SectorMore in IYRIMore in XLUIGap
UtilitiesXLUI +100.0 points
Real EstateIYRI +99.5 points
CommunicationIYRI +0.5 points

Country, concentration and asset class

Country by domicile

Country weights in IYRI and XLUI, widest gap first
CountryMore in IYRIMore in XLUIGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • IYRI53.1%
  • XLUI102.4%

Securities held

  • IYRI59
  • XLUI1

Asset class

IYRI
Stocks
XLUI
Stocks

Holdings

  • Only in IYRI59
  • In both0
  • Only in XLUI1

Only in IYRI

59 securities, 100% of IYRI by weight

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

Only in XLUI

1 security, 100% of XLUI by weight

  • State Street Utilities Select102.41%

Weight gaps

IYRI and XLUI share no securities.

All IYRI holdings⁠All 6 XLUI 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 XLUI Cost

Overpaying IYRI vs XLUI

$6,126

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

  • IYRI 0.68%

    $13,252

  • XLUI 0.35%

    $7,126

$10,000
30 years

Cost over time

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

Year by year

YearIYRIXLUIOverpaying
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%XLUI, cheaper
  • Middle half of Sector Option Income funds
  • Median 0.47%

XLUI cheapest of 22 funds

IYRI 15th cheapest of 22 funds

IYRI vs XLUI Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
IYRI 11.25%
XLUI 15.54%, better
Payout (12M)
IYRI $5.32
XLUI $3.53
Last payment
IYRI $0.41
XLUI $0.28
Ex-dividend
IYRI Oct 21, 2026
XLUI Nov 2, 2026
Paid on
IYRI Oct 23, 2026
XLUI Nov 4, 2026
Frequency
IYRI Monthly
XLUI 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
XLUIMonthly · 15 paymentsAll XLUI payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Sep 2, 2025 $0.32; Oct 1, 2025 $0.32; Nov 3, 2025 $0.27; Dec 1, 2025 $0.20; Dec 29, 2025 $0.59; Feb 2, 2026 $0.15; Mar 2, 2026 $0.23; Apr 1, 2026 $0.42; May 1, 2026 $0.28; Jun 1, 2026 $0.27; Jul 1, 2026 $0.34; Aug 3, 2026 $0.14; Sep 1, 2026 $0.22; Oct 1, 2026 $0.42; Nov 2, 2026 $0.28. Use the arrow keys to read each point.$0$0.502026YTD

IYRI vs XLUI 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 2025XLUI 12.8%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
IYRI 0.21since Feb 2025XLUI 0.20since Aug 2025
Worst fallMax drawdown, 5 years
IYRI −12.1%since Jan 2025XLUI −12.3%since Jul 2025
Market sensitivityBeta, 5 years
IYRI 0.33XLUI 0.002

IYRI and XLUI in the news

All news⁠

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