AYEP.DE vs. UKPH.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and UKPH.DE (iShares UK Property UCITS ETF (EUR Hedged) Acc) are both REIT funds from iShares - AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+ while UKPH.DE tracks the FTSE EPRA/NAREIT United Kingdom (EUR Hedged). Both are passively managed. Over the past 3 years, AYEP.DE returned 2.45%/yr vs 5.20%/yr for UKPH.DE. At a 0.38 correlation, their price movements are largely independent. AYEP.DE charges 0.59%/yr vs 0.42%/yr for UKPH.DE.
Performance
AYEP.DE vs. UKPH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEP.DE achieves a -4.19% return, which is significantly lower than UKPH.DE's 6.48% return.
AYEP.DE
- 1D
- -1.08%
- 1M
- -1.51%
- YTD
- -4.19%
- 6M
- -4.19%
- 1Y
- 5.54%
- 3Y*
- 2.45%
- 5Y*
- -1.26%
- 10Y*
- —
UKPH.DE
- 1D
- 0.00%
- 1M
- 7.31%
- YTD
- 6.48%
- 6M
- 6.48%
- 1Y
- 3.53%
- 3Y*
- 5.20%
- 5Y*
- —
- 10Y*
- —
AYEP.DE vs. UKPH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -4.19% | 15.78% | -4.19% | -5.49% | -6.38% |
UKPH.DE iShares UK Property UCITS ETF (EUR Hedged) Acc | 6.48% | 7.52% | -14.32% | 8.55% | -22.95% |
Correlation
The correlation between AYEP.DE and UKPH.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 20, 2022 | 0.38 |
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Return for Risk
AYEP.DE vs. UKPH.DE — Risk / Return Rank
AYEP.DE
UKPH.DE
AYEP.DE vs. UKPH.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 iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AYEP.DE | UKPH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.20 | +0.24 |
| Martin ratioReturn relative to average drawdown | 1.10 | 0.45 | +0.65 |
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Drawdowns
AYEP.DE vs. UKPH.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.38%, which is greater than UKPH.DE's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and UKPH.DE.
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Drawdown Indicators
| AYEP.DE | UKPH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -35.98% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -17.58% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.62% | -23.57% | +10.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.79% | — | — |
Current DrawdownCurrent decline from peak | -15.68% | -20.50% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -15.19% | -24.01% | +8.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 6.88% | -1.87% |
Volatility
AYEP.DE vs. UKPH.DE - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 3.64%, while iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) has a volatility of 8.03%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than UKPH.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 | UKPH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 8.03% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 16.81% | -8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 20.14% | -8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.78% | 21.70% | -9.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 21.70% | -5.72% |
AYEP.DE vs. UKPH.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than UKPH.DE's 0.42% expense ratio.
Dividends
AYEP.DE vs. UKPH.DE - Dividend Comparison
Neither AYEP.DE nor UKPH.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEP.DE and UKPH.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKPH.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKPH.DE is cheaper with a 0.42% expense ratio, compared with 0.59% for AYEP.DE.
AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while UKPH.DE tracks FTSE EPRA/NAREIT United Kingdom (EUR Hedged). Their fees differ too: 0.59% for AYEP.DE and 0.42% for UKPH.DE.
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