CU71.L vs. HPRD.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) are both exchange-traded funds - CU71.L is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, CU71.L returned 1.28%/yr vs 4.07%/yr for HPRD.L. At a 0.11 correlation, their price movements are largely independent. CU71.L charges 0.07%/yr vs 0.24%/yr for HPRD.L.
Performance
CU71.L vs. HPRD.L - Performance Comparison
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Different Trading Currencies
CU71.L is traded in GBp, while HPRD.L is traded in USD. To make them comparable, the HPRD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU71.L achieves a 1.85% return, which is significantly lower than HPRD.L's 11.44% return. Over the past 10 years, CU71.L has underperformed HPRD.L with an annualized return of 1.28%, while HPRD.L has yielded a comparatively higher 4.07% annualized return.
CU71.L
- 1D
- -0.17%
- 1M
- 2.33%
- YTD
- 1.85%
- 6M
- 2.57%
- 1Y
- 6.11%
- 3Y*
- 2.62%
- 5Y*
- 1.58%
- 10Y*
- 1.28%
HPRD.L
- 1D
- -0.14%
- 1M
- 1.89%
- YTD
- 11.44%
- 6M
- 12.52%
- 1Y
- 17.54%
- 3Y*
- 9.54%
- 5Y*
- 2.63%
- 10Y*
- 4.07%
CU71.L vs. HPRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 1.85% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | 3.33% | 2.76% | 6.17% | -7.01% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 11.44% | 3.01% | 1.56% | 5.33% | -15.80% | 27.62% | -11.58% | 16.34% | 0.19% | 1.94% |
Correlation
The correlation between CU71.L and HPRD.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.11 |
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Return for Risk
CU71.L vs. HPRD.L — Risk / Return Rank
CU71.L
HPRD.L
CU71.L vs. HPRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L). 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.
| CU71.L | HPRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.03 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.91 | 6.86 | -3.95 |
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Drawdowns
CU71.L vs. HPRD.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -25.85%, smaller than the maximum HPRD.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for CU71.L and HPRD.L.
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Drawdown Indicators
| CU71.L | HPRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.85% | -34.71% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -8.61% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -17.01% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -26.80% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -25.85% | -34.71% | +8.86% |
Current DrawdownCurrent decline from peak | -17.36% | -0.14% | -17.22% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -8.78% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.55% | -0.46% |
Volatility
CU71.L vs. HPRD.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) is 1.53%, while HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) has a volatility of 3.72%. This indicates that CU71.L experiences smaller price fluctuations and is considered to be less risky than HPRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU71.L | HPRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 3.72% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 9.85% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 12.12% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 15.06% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.10% | -0.48% |
CU71.L vs. HPRD.L - Expense Ratio Comparison
CU71.L has a 0.07% expense ratio, which is lower than HPRD.L's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CU71.L vs. HPRD.L - Dividend Comparison
CU71.L has not paid dividends to shareholders, while HPRD.L's dividend yield for the trailing twelve months is around 2.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (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% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 2.99% | 3.17% | 3.39% | 3.35% | 3.53% | 2.30% | 2.88% | 2.96% | 3.43% | 2.89% | 3.13% | 2.72% |
Frequently Asked Questions
CU71.L and HPRD.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU71.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU71.L is cheaper with a 0.07% expense ratio, compared with 0.24% for HPRD.L.
CU71.L is categorized as Government Bonds, while HPRD.L is REIT. CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while HPRD.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.07% for CU71.L and 0.24% for HPRD.L.
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