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Alternatives

Best IYRI Alternatives in 2026

Real estate income ETFs to compare with the NEOS Real Estate High Income ETF.

Data updated October 2026 · 12 ETFs

ETFs listed12
Avg yield5.55%
Avg expense ratio0.32%

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Who this page is for

Best for

  • IYRI holders comparing similar funds, fees, payouts, and strategy design
  • REIT investors comparing tax-aware option income with conventional real estate ETFs
  • Investors who will compare total return and NAV trend alongside distribution rate

Not a fit for

  • Investors seeking broad equities or direct ownership of physical property
  • Anyone treating a current distribution rate as guaranteed future income
  • Investors choosing from headline yield alone without reviewing the underlying exposure

Analysis

The Best IYRI Alternatives category gathers 12 ETFs offering exposure to real estate income, ranging from broad, low-cost REIT index trackers to narrower high-yield specialists.

AI-generated analysis — AI can make mistakes. Verify important information independently. Not investment advice. AI risk disclosure

Risks specific to this category

  • Strategy mismatch: several funds on this list track a different index or use a different income mechanism than IYRI, so swapping into one changes the exposure — upside participation, payout cadence, and tax character can all shift, not just the ticker.
  • Concentration in one theme: most funds here focus on real estate, so the whole list tends to draw down together when that corner of the market falls out of favor — diversification across the table is lower than the fund count suggests.
  • Distributions are not contractual: each payout is declared period by period, so the yields on this page can fall without notice when portfolio income, option premium, or fund policy changes.
  • Methodology divergence: every fund here follows its own index rules or mandate, so two funds with similar headline yields can hold very different portfolios and diverge sharply in a drawdown — category membership is not interchangeability.
  • Screens react after the fact: a fund's place in this list is re-rated only once a dividend cut, strategy change, or asset decline has already shown up in the reported data.

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How these alternatives are selected

  • Universe: a hand-curated peer set, split into close peers (1 here — same core exposure and same income mechanism, so a like-for-like swap) and broader substitutes (a different index, underlying asset, or income mechanism). Every fund is labelled in the Strategy fit column; IYRI itself is excluded.
  • Eligibility: active ETFs only — liquidated, delisted, and renamed funds drop out automatically. Leveraged and inverse products are never listed: a daily-reset 2x or -1x fund is not an alternative to a long income position.
  • Ranking: assets under management, used only as a fund-size ranking. Never ranked by yield — yields are shown as data, not used to order the list.
  • Fit: how each fund's strategy differs from IYRI — and who each one suits — is covered in the strategy notes and FAQ below.

Top picks

Top 3 IYRI alternatives by assets under management.

Yield distribution

Forward distribution rates · 12 funds · as of 2026-10-302-5%85-8%08-12%4

Expense ratio distribution

0-0.20%50.20-0.50%50.50-0.75%10.75-1.00%1

Income projection

Estimated income if the current average distribution rate of 5.55% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.

Hypothetical — the list's average forward distribution rate of 5.55% held for one year with share prices unchanged, before tax, rates as of 2026-10-30. Not a forecast.
InvestmentAnnual incomeMonthly incomeWeekly income
$10,000$555$46$11
$25,000$1,388$116$27
$50,000$2,777$231$53
$100,000$5,553$463$107

Issuer breakdown

Distribution of ETFs by fund issuer, showing how concentrated or varied the sponsor lineup is.

iShares4
State Street2
Vanguard1
Schwab1
Invesco1
Global X1
InfraCap1
YieldMax1

All 12 ETFs

Ticker Name Strategy fit Issuer Yield Expense ratio AUM Frequency
VNQVanguard Real Estate ETFBroader substituteVanguard3.43%0.13%$37.6BQuarterly
SCHHSchwab U.S. REIT ETFBroader substituteSchwab3.00%0.07%$11.0BQuarterly
XLREState Street Real Estate Select Sector SPDR ETFBroader substituteState Street3.29%0.08%$7.9BQuarterly
REETiShares Global REIT ETFBroader substituteiShares3.45%0.14%$4.8BQuarterly
USRTiShares Core U.S. REIT ETFBroader substituteiShares2.97%0.08%$4.3BQuarterly
IYRiShares U.S. Real Estate ETFBroader substituteiShares2.96%0.37%$4.1BQuarterly
ICFiShares Select U.S. REIT ETFBroader substituteiShares2.88%0.32%$1.9BQuarterly
RWRState Street SPDR Dow Jones REIT ETFBroader substituteState Street3.62%0.25%$1.8BQuarterly
KBWYInvesco KBW Premium Yield Equity REIT ETFBroader substituteInvesco8.78%0.35%$282MMonthly
SRETGlobal X SuperDividend REIT ETFBroader substituteGlobal X11.45%0.58%$199MMonthly
PFFRVirtus InfraCap REIT Preferred ETFBroader substituteInfraCap9.15%0.45%$111MMonthly
RNTYYieldMax Target 12 Real Estate Option Income ETFClose peerYieldMax11.66%0.99%$5MMonthly

Frequently asked questions

What are the best iyri alternatives?

This page lists the top 12 ETFs in this category ranked by key metrics. The list includes funds from issuers like Vanguard, Schwab, State Street, iShares and more.

How often is this list updated?

The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated October 2026.

What is the average yield of these ETFs?

The average distribution yield across the 12 ETFs on this list is 5.55%. Individual yields range from 2.88% to 11.66%.

What is the closest alternative to IYRI?

RNTY is an income-oriented comparison, while VNQ, SCHH, and IYR are useful unhedged real estate benchmarks for measuring the overlay's trade-offs.

What should I compare when choosing a IYRI alternative?

Compare REIT exposure, option coverage, rate sensitivity, distribution character, fees, liquidity, upside capture, NAV trend, and total return.

Does a higher-yielding IYRI alternative produce a better return?

Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.

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The metrics and risks behind this list, explained in the Academy.

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