FRWD vs IYRI
Comparison between Nomura Transformational Technologies ETF (FRWD, ETF) and NEOS REAL ESTATE HIGH INCOME ETF (IYRI, ETF).
FRWD is from the Technology sector, while IYRI is from the Real Estate sector.
FRWD vs IYRI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FRWD
$285M
Winner
IYRI
$285M
Expense Ratio
Winner
FRWD
0.65%
IYRI
0.68%
Max Drawdown
FRWD
18.49%
Winner
IYRI
13.31%
Sharpe Ratio
Winner
FRWD
1.40
IYRI
0.67
5Y Beta
FRWD
2.08
Winner
IYRI
0.42
P/E Ratio
FRWD
43.94
Winner
IYRI
32.19
Forward P/E
Winner
FRWD
24.86
IYRI
30.43
PEG Ratio
Winner
FRWD
0.28
IYRI
0.36
5Y EPS CAGR
Winner
FRWD
34.63%
IYRI
7.95%
Debt to Equity
FRWD
N/A
IYRI
37.54%
P/S Ratio
Winner
FRWD
4.51
IYRI
5.82
P/B Ratio
FRWD
12.90
Winner
IYRI
2.76
FRWD vs IYRI - Holdings Comparison
FRWD and IYRI have 1 common holdings. Overlap is -0.92%
FRWD's top 25 holdings weight is 99.42%. IYRI's top 25 holdings weight is 76.11%.
| Rank | FRWD | IYRI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.39% | WELLTOWER INC (WELL) - 11.00% |
| #2 | ADVANCED MICRO DEVICES INC (AMD) - 7.40% | PROLOGIS INC (PLD) - 9.19% |
| #3 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 6.98% | SIMON PROPERTY GROUP INC (SPG) - 5.05% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 6.10% | EQUINIX INC (EQIX) - 4.54% |
| #5 | LAM RESEARCH CORP (LRCX) - 5.72% | REALTY INCOME CORP (O) - 4.16% |
| #6 | ASML HOLDING NV ADR (ASML) - 4.79% | DIGITAL REALTY TRUST INC (DLR) - 4.12% |
| #7 | BROADCOM INC (AVGO) - 4.71% | AMERICAN TOWER CORP (AMT) - 3.98% |
| #8 | MICRON TECHNOLOGY INC (MU) - 4.60% | PUBLIC STORAGE (PSA) - 3.70% |
| #9 | WESTERN DIGITAL CORP (WDC) - 4.36% | VENTAS INC (VTR) - 3.09% |
| #10 | TEXAS INSTRUMENTS INC (TXN) - 3.94% | CBRE GROUP INC CLASS A (CBRE) - 2.85% |
| #11 | NETFLIX INC (NFLX) - 3.79% | IRON MOUNTAIN INC (IRM) - 2.66% |
| #12 | SAMSUNG ELECTRONICS CO LTD (n/a) - 3.76% | CROWN CASTLE INC (CCI) - 2.48% |
| #13 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 3.64% | EXTRA SPACE STORAGE INC (EXR) - 2.27% |
| #14 | ALPHABET INC CLASS A (GOOGL) - 3.44% | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.07% |
| #15 | MICROSOFT CORP (MSFT) - 3.13% | AVALONBAY COMMUNITIES INC (AVB) - 1.99% |
| #16 | AMAZON.COM INC (AMZN) - 3.05% | EQUITY RESIDENTIAL (EQR) - 1.74% |
| #17 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.90% | SBA COMMUNICATIONS CORP CLASS A (SBAC) - 1.46% |
| #18 | SPOTIFY TECHNOLOGY SA (SPOT) - 2.68% | ESSEX PROPERTY TRUST INC (ESS) - 1.40% |
| #19 | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.63% | WEYERHAEUSER CO (WY) - 1.28% |
| #20 | MERCADOLIBRE INC (MELI) - 2.57% | INVITATION HOMES INC (INVH) - 1.27% |
| #21 | SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 2.51% | KIMCO REALTY CORP (KIM) - 1.25% |
| #22 | BOOKING HOLDINGS INC (BKNG) - 2.25% | W.P. CAREY INC (WPC) - 1.17% |
| #23 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.16% | MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.15% |
| #24 | SERVICENOW INC (NOW) - 1.99% | HEALTHPEAK PROPERTIES INC (DOC) - 1.13% |
| #25 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.93% | HOST HOTELS & RESORTS INC (HST) - 1.11% |
| Total Holdings | 27 | 68 |
FRWD vs IYRI - Historical Returns
Returns include dividend reinvestment.
1M
FRWD
-7.62%
Winner
IYRI
+3.28%
3M
Winner
FRWD
+17.20%
IYRI
+3.96%
6M
Winner
FRWD
+26.34%
IYRI
+6.86%
1Y
FRWD
N/A
IYRI
+10.87%
Max(CAGR)
Winner
FRWD
+58.34%
IYRI
+11.73%
FRWD vs IYRI - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | IYRI |
|---|---|---|
| 2026 | +26.85% | +9.59% |
| 2025 | N/A | +7.99% |
FRWD vs IYRI Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for IYRI was -12.12%, occurring on Apr 8, 2025. Recovery took 75 trading sessions.
The current FRWD drawdown is -8.32%. The current IYRI drawdown is -0.22%.
| Rank | FRWD | IYRI |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -12.12% Mar 5, 2025 - Jun 23, 2025 |
| #2 | -12.65% Jun 18, 2026 - Jul 17, 2026 | -7.52% Mar 2, 2026 - Apr 20, 2026 |
| #3 | -9.94% Jun 2, 2026 - Jun 15, 2026 | -3.89% Oct 27, 2025 - Jan 16, 2026 |
| #4 | -5.01% May 14, 2026 - May 22, 2026 | -2.95% Sep 11, 2025 - Oct 20, 2025 |
| #5 | -2.67% Apr 24, 2026 - May 1, 2026 | -2.72% Jun 12, 2026 - Jun 26, 2026 |
| #6 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -2.67% May 11, 2026 - May 26, 2026 |
| #7 | -1.81% Jun 15, 2026 - Jun 18, 2026 | -2.67% May 26, 2026 - Jun 9, 2026 |
| #8 | -1.60% May 11, 2026 - May 14, 2026 | -2.61% Jul 25, 2025 - Aug 22, 2025 |
| #9 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -1.74% Jan 16, 2026 - Feb 6, 2026 |
| #10 | -1.34% May 6, 2026 - May 8, 2026 | -1.71% Jun 24, 2025 - Jul 14, 2025 |
| #11 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -1.44% Jun 26, 2026 - Jul 7, 2026 |
| #12 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -1.42% Aug 29, 2025 - Sep 5, 2025 |
| #13 | -0.09% May 1, 2026 - May 5, 2026 | -1.35% Apr 20, 2026 - May 11, 2026 |
| #14 | N/A | -1.20% Jul 7, 2026 - Jul 16, 2026 |
| #15 | N/A | -1.04% Jan 27, 2025 - Feb 5, 2025 |
Correlation
Correlation between FRWD and IYRI is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.69
-101
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