AREG.L vs. GLRE.L

Last updated Jun 5, 2026

AREG.L (abrdn Future Real Estate UCITS ETF) and GLRE.L (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds. AREG.L is actively managed, while GLRE.L is passively managed. Over the past year, AREG.L returned 8.96% vs 13.15% for GLRE.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.

Performance

AREG.L vs. GLRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in abrdn Future Real Estate UCITS ETF (AREG.L) and SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AREG.L is traded in GBp, while GLRE.L is traded in USD. To make them comparable, the GLRE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AREG.L achieves a 4.96% return, which is significantly lower than GLRE.L's 7.04% return.

AREG.L

• 1D: 0.01%
• 1M: -0.69%
• YTD: 4.96%
• 6M: 4.44%
• 1Y: 8.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLRE.L

• 1D: 0.19%
• 1M: -0.34%
• YTD: 7.04%
• 6M: 5.99%
• 1Y: 13.15%
• 3Y*: 6.06%
• 5Y*: 2.44%
• 10Y*: 3.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AREG.L vs. GLRE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AREG.L abrdn Future Real Estate UCITS ETF	4.96%	0.47%	4.44%
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF	7.04%	2.13%	6.84%

Correlation

The correlation between AREG.L and GLRE.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024	0.89

The correlation between AREG.L and GLRE.L has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

AREG.L vs. GLRE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AREG.L

AREG.L Risk / Return Rank: 22
AREG.L Sharpe Ratio Rank: 23
AREG.L Sortino Ratio Rank: 22
AREG.L Omega Ratio Rank: 21
AREG.L Calmar Ratio Rank: 21
AREG.L Martin Ratio Rank: 23

GLRE.L

GLRE.L Risk / Return Rank: 28
GLRE.L Sharpe Ratio Rank: 28
GLRE.L Sortino Ratio Rank: 27
GLRE.L Omega Ratio Rank: 26
GLRE.L Calmar Ratio Rank: 27
GLRE.L Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AREG.L vs. GLRE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Future Real Estate UCITS ETF (AREG.L) and SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AREG.L	GLRE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.06	-0.27
Sortino ratio: Return per unit of downside risk	1.17	1.55	-0.38
Omega ratio: Gain probability vs. loss probability	1.14	1.19	-0.05
Calmar ratio: Return relative to maximum drawdown	0.94	1.68	-0.75
Martin ratio: Return relative to average drawdown	2.93	5.37	-2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AREG.L vs. GLRE.L - Sharpe Ratio Comparison

The current AREG.L Sharpe Ratio is 0.78, which is comparable to the GLRE.L Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of AREG.L and GLRE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AREG.L	GLRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.78	1.06	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.35	+0.02

Drawdowns

AREG.L vs. GLRE.L - Drawdown Comparison

The maximum AREG.L drawdown since its inception was -18.47%, smaller than the maximum GLRE.L drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for AREG.L and GLRE.L.

Drawdown Indicators

	AREG.L	GLRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-36.91%	+18.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-7.79%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.91%	—
Current Drawdown Current decline from peak	-5.07%	-4.45%	-0.62%
Average Drawdown Average peak-to-trough decline	-5.59%	-10.05%	+4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.44%	+0.61%

Volatility

AREG.L vs. GLRE.L - Volatility Comparison

The current volatility for abrdn Future Real Estate UCITS ETF (AREG.L) is 3.21%, while SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) has a volatility of 3.51%. This indicates that AREG.L experiences smaller price fluctuations and is considered to be less risky than GLRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AREG.L	GLRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.51%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	9.62%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	12.38%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	15.68%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.40%	16.96%	-4.56%

AREG.L vs. GLRE.L - Expense Ratio Comparison

Both AREG.L and GLRE.L have an expense ratio of 0.40%.

Dividends

AREG.L vs. GLRE.L - Dividend Comparison

AREG.L has not paid dividends to shareholders, while GLRE.L's dividend yield for the trailing twelve months is around 2.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AREG.L abrdn Future Real Estate UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF	2.58%	2.72%	2.79%	2.62%	2.85%	1.82%	2.51%	3.16%	3.54%	3.86%	2.66%	2.15%

Frequently Asked Questions

Can I hold both AREG.L and GLRE.L in my portfolio?

AREG.L and GLRE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AREG.L or GLRE.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AREG.L or GLRE.L?

AREG.L and GLRE.L have the same expense ratio: 0.40% per year.

What is the main difference between AREG.L and GLRE.L?

They also come from different issuers: abrdn and State Street.