IYRI vs QQQ
NEOS Real Estate High Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | IYRI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.68% | 0.18% | |
| AUM | $314M | $496.3B | |
| Dividend Yield | 10.87% | 0.44% | |
| Holdings | 64 | 108 | |
| YTD Return | +2.02% | +16.64% | |
| 1Y Return | +1.94% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 8.9% | 30.6% | |
| Max Drawdown | -12.1% | -83.0% | |
| Fund Family | NEOS | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 14, 2025 | Mar 10, 1999 |
IYRI vs QQQ Performance
NEOS Real Estate High Income ETF (IYRI) is a ETF from NEOS and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year IYRI returned +1.94% while QQQ returned +27.27%. Year to date, IYRI is up 2.02% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -12.1% for IYRI and -83.0% for QQQ. 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IYRI charges 0.68% per year while QQQ charges 0.18%. On a $10,000 position that is $68 vs $18 annually, a gap of $50 per year that compounds over a long holding period. On income, IYRI currently yields 10.87% against 0.44% for QQQ.
Holdings Overlap
IYRI and QQQ share 0 holdings out of 163 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IYRI or QQQ?
IYRI has an expense ratio of 0.68% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, IYRI or QQQ?
Over the past year IYRI returned +1.94% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), IYRI annualized +5.58% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, IYRI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.9% for IYRI. Worst drawdown: IYRI -12.1% vs QQQ -83.0%.
Should I hold both IYRI and QQQ?
IYRI and QQQ have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IYRI and QQQ?
IYRI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 163 unique securities.
Which pays a higher dividend, IYRI or QQQ?
IYRI yields 10.87% while QQQ yields 0.44%, so IYRI currently pays the higher dividend yield.
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