IVV vs IYRI
iShares Core S&P 500 ETF vs NEOS Real Estate High Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | IYRI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.68% | |
| AUM | $907.0B | $314M | |
| Dividend Yield | 1.10% | 10.87% | |
| Holdings | 508 | 64 | |
| YTD Return | +12.28% | +2.14% | |
| 1Y Return | +20.94% | +2.15% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 8.9% | |
| Max Drawdown | -56.5% | -12.1% | |
| Fund Family | iShares by BlackRock (US) | NEOS | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 14, 2025 |
IVV vs IYRI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NEOS Real Estate High Income ETF (IYRI) is a ETF from NEOS. Over the past year IVV returned +20.94% while IYRI returned +2.15%. Year to date, IVV is up 12.28% versus a gain of 2.14% for IYRI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 8.9% for IYRI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -12.1% for IYRI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while IYRI charges 0.68%. On a $10,000 position that is $3 vs $68 annually, a gap of $65 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 10.87% for IYRI.
Holdings Overlap
IVV and IYRI share 31 holdings out of 535 unique holdings combined, representing a 1.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or IYRI?
IVV has an expense ratio of 0.03% while IYRI charges 0.68%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, IVV or IYRI?
Over the past year IVV returned +20.94% vs +2.15% for IYRI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +5.67% for IYRI. Past performance does not guarantee future results.
Which is riskier, IVV or IYRI?
IVV has been the more volatile fund at 15.1% annualized versus 8.9% for IYRI. Worst drawdown: IVV -56.5% vs IYRI -12.1%.
Should I hold both IVV and IYRI?
IVV and IYRI have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IYRI?
IVV and IYRI share 31 common holdings with a 1.9% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, IVV or IYRI?
IVV yields 1.10% while IYRI yields 10.87%, so IYRI currently pays the higher dividend yield.
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