AYEP.DE vs. WTER.DE
AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) and WTER.DE (WisdomTree New Economy Real Estate UCITS ETF USD Dist) are both REIT funds - AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+ while WTER.DE tracks the CenterSquare New Economy Real Estate. Both are passively managed. Over the past 3 years, AYEP.DE returned 0.62%/yr vs 16.33%/yr for WTER.DE. A 0.52 correlation means they provide meaningful diversification when combined. AYEP.DE charges 0.59%/yr vs 0.45%/yr for WTER.DE.
Performance
AYEP.DE vs. WTER.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 WTER.DE's 23.54% 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*
- —
WTER.DE
- 1D
- -1.17%
- 1M
- 6.84%
- YTD
- 23.54%
- 6M
- 21.31%
- 1Y
- 44.53%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
AYEP.DE vs. WTER.DE - 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% | -3.36% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 23.54% | 17.11% | 0.49% | 9.28% | -17.48% |
Correlation
The correlation between AYEP.DE and WTER.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.52 |
The correlation between AYEP.DE and WTER.DE shifts across timeframes, from 0.36 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AYEP.DE vs. WTER.DE — Risk / Return Rank
AYEP.DE
WTER.DE
AYEP.DE vs. WTER.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 WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.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 | WTER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 3.28 | -2.92 |
| Martin ratioReturn relative to average drawdown | 1.10 | 8.88 | -7.79 |
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 | WTER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 2.24 | -1.83 |
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 | 0.36 | -0.36 |
Drawdowns
AYEP.DE vs. WTER.DE - Drawdown Comparison
The maximum AYEP.DE drawdown since its inception was -38.46%, which is greater than WTER.DE's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for AYEP.DE and WTER.DE.
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Drawdown Indicators
| AYEP.DE | WTER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.46% | -32.93% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -13.49% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -23.54% | +11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.65% | — | — |
Current DrawdownCurrent decline from peak | -16.71% | -2.35% | -14.36% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -16.08% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 5.00% | -0.93% |
Volatility
AYEP.DE vs. WTER.DE - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) is 2.79%, while WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) has a volatility of 6.93%. This indicates that AYEP.DE experiences smaller price fluctuations and is considered to be less risky than WTER.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 | WTER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 6.93% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.31% | 14.11% | -5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 19.85% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.71% | 17.61% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 17.61% | -2.18% |
AYEP.DE vs. WTER.DE - Expense Ratio Comparison
AYEP.DE has a 0.59% expense ratio, which is higher than WTER.DE's 0.45% expense ratio.
Dividends
AYEP.DE vs. WTER.DE - Dividend Comparison
AYEP.DE has not paid dividends to shareholders, while WTER.DE's dividend yield for the trailing twelve months is around 1.11%.
| 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% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.11% | 1.59% | 1.65% | 1.14% | 0.74% |
Frequently Asked Questions
AYEP.DE and WTER.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTER.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTER.DE is cheaper with a 0.45% expense ratio, compared with 0.59% for AYEP.DE.
AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+, while WTER.DE tracks CenterSquare New Economy Real Estate. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.59% for AYEP.DE and 0.45% for WTER.DE.
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