IYRI vs VYM
NEOS Real Estate High Income ETF vs Vanguard High Dividend Yield ETF
Which is better, IYRI or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 52.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IYRI | VYM |
|---|---|---|
| Expense Ratio | 0.68% | 0.04%Best |
| AUM | $302M | $83.1B |
| Dividend Yield | 11.14% | 2.22% |
| Holdings | 126 | 608 |
| YTD Return | -7.58% | +9.22%Best |
| 1Y Return | -9.44% | +12.81%Best |
| 3Y Return (annualized) | - | +18.21% |
| 5Y Return (annualized) | - | +11.39% |
| Volatility (annualized) | 10.3%Best | 10.4% |
| Max Drawdown | -12.1%Best | -14.5% |
| $10,000 over 1.7 years | $9,880 | $12,476Best |
| Top 10 Weight | 52.2% | 26.1%Best |
| Fund Family | NEOS | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 14, 2025 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 15, 2025 to Oct 1, 2026 (1.7 years).
IYRI vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
IYRI vs VYM Performance
NEOS Real Estate High Income ETF (IYRI) is an ETF from NEOS and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year IYRI returned -9.44% while VYM returned +12.81%. Year to date, IYRI is down 7.58% versus a gain of 9.22% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.4% compared with 10.3% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IYRI charges 0.68% per year while VYM charges 0.04%. On a $10,000 position that is $68 vs $4 annually, a gap of $64 per year that compounds over a long holding period. On income, IYRI currently yields 11.14% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 60 holdings in IYRI and 557 in VYM, totalling 98.8% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, IYRI as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 60 positions we hold weights for in IYRI and 557 in VYM, against full books of 126 and 608.
What only one of them owns
Our book lists 528 positions for VYM that do not appear in our book for IYRI (97.1% of the fund), and 60 for IYRI that do not appear in VYM (98.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IYRI and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IYRI or VYM?
IYRI has an expense ratio of 0.68% while VYM charges 0.04%. VYM is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, IYRI or VYM?
Over the past year IYRI returned -9.44% vs +12.81% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), IYRI annualized -0.71% vs +13.90% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IYRI or VYM?
VYM has been the more volatile fund at 10.4% annualized versus 10.3% for IYRI. Worst drawdown: IYRI -12.1% vs VYM -14.5%.
Should I hold both IYRI and VYM?
IYRI and VYM have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IYRI or VYM?
IYRI yields 11.14% while VYM yields 2.22%, so IYRI currently pays the higher dividend yield.
Is VYM better than IYRI?
VYM has a lower expense ratio. VYM led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 52.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.