Summary
NEOS Real Estate High Income ETF is an ETF - a fund traded on an exchange like a stock - run by Neos. Positions inside: 63. The ten largest make up 53% of the fund.
- Yearly costs
- 0.68%
- Fund size
- $301.3M
- Positions
- 63
- Dividend yield
- 3.84%
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 53% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Real estate).
- 99% of the fund is in one country (United States).
- Costs of 0.68% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.1%
- 3 months
- -9.3%
- This year
- -6.0%
- 1 year
- -11%
- Avg. market cap
- $61.2B
- P/E
- 28.2x
- Forward P/E
- 34.1x
- P/S
- 5.3x
- P/B
- 2.5x
- P/FCF
- 22.8x
- EV/EBITDA
- 18.6x
- Dividend yield
- 3.86%
- ROIC
- 0.0%
- ROE
- 18.1%
- Gross margin
- 46.7%
- Operating margin
- 30.8%
- Net margin
- 25.3%
- Payout ratio
- 108.8%
- Net debt/EBITDA
- 15.9x
- Beta
- 0.32
Weighted average of the 50 largest companies, which make up 97% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 WEWelltower WELL 12%
- 2 PLPrologis PLD 8.5%
- 3 SPSimon Property Group, Inc. SPG 4.6%
- 4 AMAmerican Tower AMT 4.6%
- 5 EQEquinix EQIX 4.6%
- 6 DLDigital Realty DLR 4.5%
- 7 ORealty Income O 4.0%
- 8 PSPublic Storage PSA 3.7%
- 9 VMEquity Residential VMRK 3.5%
- 10 VTVentas, Inc. VTR 3.1%
Positions in the fund: 63. The ten largest make up 53% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Real estate 100%
- Communication services 0.5%
By country
- United States 99%
- Other countries 0.5%
By company size
- Large cap 89%
- Mid cap 11%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Real estate (100%). Largest country: United States (99%). Largest size group: Large cap (89%).
What does it cost me?
Expensive- A year from $10,000
- $68.00
- Over 20 years
- $3,233
From every $10,000 invested the fund takes $68.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,233.
How has it done?
Losing value- Over the last year
- -11%
- Deepest drop
- -15%
- Yearly volatility
- 11%
Decline over the last year: 11%. Deepest drop in these years: 15% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.84%
- Last payment
- $0.43
Over the last 12 months it paid $1.78 per share, which is 3.84% of today's price. The last payment was $0.43 on Sep 16, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $3.72M
- Shares a day
- 80K
On an average day about $3.72M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 28.2
- Average Bulios Score
- 65 out of 100
Weight by Bulios Fair Price
- Undervalued 30%
- Fairly valued 13%
- Overvalued 57%
On average the companies inside trade for 28.2 times their yearly profit. By Fair Price, 57% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 97% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IY IYR iShares U.S. Real Estate ETF | United States | 0.37% | $4.09B | -1.8% | Pays out | 96% |
SC SCHH Schwab U.S. REIT ETF | United States | 0.07% | $10.8B | +2.2% | Pays out | 87% |
DF DFAR DFA Real Estate Securities Portfolio ETF Class Shares | United States | 0.22% | $1.60B | +1.7% | Pays out | 84% |
FR FREL Fidelity MSCI Real Estate Index ETF | United States | 0.08% | $1.11B | -1.7% | Pays out | 83% |
FS FSRNX Fidelity Real Estate Index Fund· mutual fund | - | - | $3.01B | -1.2% | Pays out | 83% |
TR TRUR VanEck Real Estate TruSector ETF | United States | 0.17% | $238.9K | - | Pays out | 80% |