AYEP.DE vs. TRET.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and TRET.DE (VanEck Global Real Estate UCITS ETF) are both REIT funds - AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+ while TRET.DE tracks the GPR Global 100. Both are passively managed. Over the past 5 years, AYEP.DE returned -1.21%/yr vs 3.26%/yr for TRET.DE. A 0.59 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.25%/yr for TRET.DE.
Performance
AYEP.DE vs. TRET.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 TRET.DE's 5.31% 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*
- —
TRET.DE
- 1D
- 0.19%
- 1M
- -1.75%
- YTD
- 5.31%
- 6M
- 4.13%
- 1Y
- 8.78%
- 3Y*
- 7.84%
- 5Y*
- 3.26%
- 10Y*
- —
AYEP.DE vs. TRET.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% |
TRET.DE VanEck Global Real Estate UCITS ETF | 5.31% | 1.87% | 6.86% | 9.89% | -21.28% | 40.76% | -15.21% | 22.15% | -6.95% |
Correlation
The correlation between AYEP.DE and TRET.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.59 |
The correlation between AYEP.DE and TRET.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
AYEP.DE vs. TRET.DE — Risk / Return Rank
AYEP.DE
TRET.DE
AYEP.DE vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.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 | TRET.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.05 | -0.68 |
| Martin ratioReturn relative to average drawdown | 1.10 | 3.38 | -2.28 |
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 | TRET.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.75 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.21 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.22 | -0.22 |
Drawdowns
AYEP.DE vs. TRET.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, smaller than the maximum TRET.DE drawdown of -41.75%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and TRET.DE.
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Drawdown Indicators
| AYEP.DE | TRET.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -41.75% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -8.35% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -18.60% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | -30.36% | +7.71% |
Current DrawdownCurrent decline from peak | -16.71% | -4.46% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -12.19% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.59% | +1.48% |
Volatility
AYEP.DE vs. TRET.DE - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, while VanEck Global Real Estate UCITS ETF (TRET.DE) has a volatility of 3.05%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than TRET.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 | TRET.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.05% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 9.21% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.66% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 15.15% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 17.83% | -2.40% |
AYEP.DE vs. TRET.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than TRET.DE's 0.25% expense ratio.
Dividends
AYEP.DE vs. TRET.DE - Dividend Comparison
AYEP.DE has not paid dividends to shareholders, while TRET.DE's dividend yield for the trailing twelve months is around 3.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TRET.DE VanEck Global Real Estate UCITS ETF | 3.48% | 3.66% | 3.44% | 3.66% | 4.69% | 1.78% | 4.45% | 3.31% |
Frequently Asked Questions
AYEP.DE and TRET.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRET.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.DE is cheaper with a 0.25% expense ratio, compared with 0.59% for AYEP.DE.
AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while TRET.DE tracks GPR Global 100. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.59% for AYEP.DE and 0.25% for TRET.DE.
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