AYEP.DE vs. SPYJ.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+ while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, AYEP.DE returned -1.21%/yr vs 2.31%/yr for SPYJ.DE. A 0.58 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.40%/yr for SPYJ.DE.
Performance
AYEP.DE vs. SPYJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEP.DE achieves a -5.35% return, which is significantly lower than SPYJ.DE's 8.14% 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*
- —
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
AYEP.DE vs. SPYJ.DE - 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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -5.99% |
Correlation
The correlation between AYEP.DE and SPYJ.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.58 |
The correlation between AYEP.DE and SPYJ.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
AYEP.DE vs. SPYJ.DE — Risk / Return Rank
AYEP.DE
SPYJ.DE
AYEP.DE vs. SPYJ.DE - 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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE). 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 | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.46 | -1.10 |
| Martin ratioReturn relative to average drawdown | 1.10 | 4.40 | -3.30 |
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 | SPYJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.90 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.15 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.32 | -0.32 |
Drawdowns
AYEP.DE vs. SPYJ.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, smaller than the maximum SPYJ.DE drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and SPYJ.DE.
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Drawdown Indicators
| AYEP.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -42.92% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -6.95% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -20.29% | +7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | -30.71% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.92% | — |
Current DrawdownCurrent decline from peak | -16.71% | -7.72% | -8.99% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -11.10% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.31% | +1.76% |
Volatility
AYEP.DE vs. SPYJ.DE - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, while SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a volatility of 3.15%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than SPYJ.DE 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 | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.15% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 8.50% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.29% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 15.11% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 16.96% | -1.53% |
AYEP.DE vs. SPYJ.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than SPYJ.DE's 0.40% expense ratio.
Dividends
AYEP.DE vs. SPYJ.DE - Dividend Comparison
AYEP.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
Frequently Asked Questions
AYEP.DE and SPYJ.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE is cheaper with a 0.40% expense ratio, compared with 0.59% for AYEP.DE.
AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for AYEP.DE and 0.40% for SPYJ.DE.
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