AYEP.DE vs. DFAR
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and DFAR (Dimensional US Real Estate ETF) are both REIT funds. AYEP.DE is passively managed, while DFAR is actively managed. Over the past 3 years, AYEP.DE returned 0.62%/yr vs 7.55%/yr for DFAR. At a 0.32 correlation, their price movements are largely independent. AYEP.DE charges 0.59%/yr vs 0.19%/yr for DFAR.
Performance
AYEP.DE vs. DFAR - Performance Comparison
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Different Trading Currencies
AYEP.DE is traded in EUR, while DFAR is traded in USD. To make them comparable, the DFAR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, AYEP.DE achieves a -5.35% return, which is significantly lower than DFAR's 14.68% return.
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
DFAR
- 1D
- 1.59%
- 1M
- 1.57%
- YTD
- 14.68%
- 6M
- 12.90%
- 1Y
- 11.42%
- 3Y*
- 7.55%
- 5Y*
- —
- 10Y*
- —
AYEP.DE vs. DFAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -2.94% |
DFAR Dimensional US Real Estate ETF | 14.68% | -10.71% | 12.19% | 7.71% | -10.38% |
Correlation
The correlation between AYEP.DE and DFAR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.32 |
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Return for Risk
AYEP.DE vs. DFAR — Risk / Return Rank
AYEP.DE
DFAR
AYEP.DE vs. DFAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) and Dimensional US Real Estate ETF (DFAR). 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.
| AYEP.DE | DFAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.63 | -1.26 |
| Martin ratioReturn relative to average drawdown | 1.10 | 4.00 | -2.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AYEP.DE | DFAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.89 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.13 | -0.13 |
Drawdowns
AYEP.DE vs. DFAR - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, which is greater than DFAR's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and DFAR.
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Drawdown Indicators
| AYEP.DE | DFAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -30.56% | -7.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -7.05% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -20.31% | +8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | — | — |
Current DrawdownCurrent decline from peak | -16.71% | -4.54% | -12.17% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -14.76% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.86% | +1.21% |
Volatility
AYEP.DE vs. DFAR - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, while Dimensional US Real Estate ETF (DFAR) has a volatility of 3.57%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than DFAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEP.DE | DFAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.57% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 9.49% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 12.96% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 18.42% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 18.42% | -2.99% |
AYEP.DE vs. DFAR - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than DFAR's 0.19% expense ratio.
Dividends
AYEP.DE vs. DFAR - Dividend Comparison
AYEP.DE has not paid dividends to shareholders, while DFAR's dividend yield for the trailing twelve months is around 2.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFAR Dimensional US Real Estate ETF | 2.72% | 2.97% | 2.89% | 3.06% | 1.69% |
Frequently Asked Questions
AYEP.DE and DFAR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFAR is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFAR is cheaper with a 0.19% expense ratio, compared with 0.59% for AYEP.DE.
They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.59% for AYEP.DE and 0.19% for DFAR.
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