AYEP.DE vs. IDEV

Last updated Jun 5, 2026

AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - AYEP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Asia Dividend+, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, AYEP.DE returned -1.21%/yr vs 9.67%/yr for IDEV. A 0.51 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.05%/yr for IDEV.

Performance

AYEP.DE vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AYEP.DE is traded in EUR, while IDEV is traded in USD. To make them comparable, the IDEV 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 IDEV's 11.05% 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*: —

IDEV

• 1D: 0.66%
• 1M: 3.55%
• YTD: 11.05%
• 6M: 12.38%
• 1Y: 21.52%
• 3Y*: 14.79%
• 5Y*: 9.67%
• 10Y*: —

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

AYEP.DE vs. IDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc	-5.35%	15.89%	-4.24%	-5.46%	-7.48%	13.37%	-16.64%	19.27%	-2.92%
IDEV iShares Core MSCI International Developed Markets ETF	11.05%	16.83%	11.44%	13.84%	-9.72%	21.45%	-0.61%	25.91%	-3.21%

Correlation

The correlation between AYEP.DE and IDEV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018	0.51

The correlation between AYEP.DE and IDEV has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

Return for Risk

AYEP.DE vs. IDEV — Risk / Return Rank

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

AYEP.DE

AYEP.DE Risk / Return Rank: 15
AYEP.DE Sharpe Ratio Rank: 15
AYEP.DE Sortino Ratio Rank: 15
AYEP.DE Omega Ratio Rank: 14
AYEP.DE Calmar Ratio Rank: 13
AYEP.DE Martin Ratio Rank: 15

IDEV

IDEV Risk / Return Rank: 47
IDEV Sharpe Ratio Rank: 48
IDEV Sortino Ratio Rank: 48
IDEV Omega Ratio Rank: 48
IDEV Calmar Ratio Rank: 43
IDEV Martin Ratio Rank: 50

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.

AYEP.DE vs. IDEV - 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 iShares Core MSCI International Developed Markets ETF (IDEV). 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	IDEV	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.71	-1.30
Sortino ratio: Return per unit of downside risk	0.66	2.39	-1.73
Omega ratio: Gain probability vs. loss probability	1.08	1.32	-0.24
Calmar ratio: Return relative to maximum drawdown	0.36	2.29	-1.93
Martin ratio: Return relative to average drawdown	1.10	9.75	-8.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AYEP.DE vs. IDEV - Sharpe Ratio Comparison

The current AYEP.DE Sharpe Ratio is 0.41, which is lower than the IDEV Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of AYEP.DE and IDEV, 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

	AYEP.DE	IDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	1.71	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.71	-0.81
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.54	-0.53

Drawdowns

AYEP.DE vs. IDEV - Drawdown Comparison

The maximum AYEP.DE drawdown since its inception was -38.46%, which is greater than IDEV's maximum drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and IDEV.

Drawdown Indicators

	AYEP.DE	IDEV	Difference
Max Drawdown Largest peak-to-trough decline	-38.46%	-34.27%	-4.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-9.45%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	-12.31%	-15.68%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-22.65%	-16.79%	-5.86%
Current Drawdown Current decline from peak	-16.71%	0.00%	-16.71%
Average Drawdown Average peak-to-trough decline	-15.03%	-4.26%	-10.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	2.21%	+1.86%

Volatility

AYEP.DE vs. IDEV - Volatility Comparison

The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 3.60%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AYEP.DE	IDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.60%	-0.81%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	10.39%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	12.63%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.71%	13.76%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	16.08%	-0.65%

AYEP.DE vs. IDEV - Expense Ratio Comparison

AYEP.DE has a 0.59% expense ratio, which is higher than IDEV's 0.05% expense ratio.

Dividends

AYEP.DE vs. IDEV - Dividend Comparison

AYEP.DE has not paid dividends to shareholders, while IDEV's dividend yield for the trailing twelve months is around 3.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDEV iShares Core MSCI International Developed Markets ETF	3.10%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%

Frequently Asked Questions

Can I hold both AYEP.DE and IDEV in my portfolio?

AYEP.DE and IDEV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AYEP.DE or IDEV?

On fees, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AYEP.DE or IDEV?

IDEV is cheaper with a 0.05% expense ratio, compared with 0.59% for AYEP.DE.

What is the main difference between AYEP.DE and IDEV?

AYEP.DE is categorized as REIT, while IDEV is Foreign Large Cap Equities. AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while IDEV tracks MSCI World ex USA Investable Market Index. Their fees differ too: 0.59% for AYEP.DE and 0.05% for IDEV.