DPYE.L vs. WTNR.L
DPYE.L (iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc)) and WTNR.L (WisdomTree New Economy Real Estate UCITS ETF USD Acc) are both REIT funds - DPYE.L tracks the FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged) while WTNR.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, DPYE.L returned 6.76%/yr vs 16.51%/yr for WTNR.L. A 0.68 correlation means they provide meaningful diversification when combined. DPYE.L charges 0.64%/yr vs 0.45%/yr for WTNR.L.
Performance
DPYE.L vs. WTNR.L - Performance Comparison
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Different Trading Currencies
DPYE.L is traded in EUR, while WTNR.L is traded in GBp. To make them comparable, the WTNR.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DPYE.L achieves a 5.70% return, which is significantly lower than WTNR.L's 23.59% return.
DPYE.L
- 1D
- -0.05%
- 1M
- -0.96%
- YTD
- 5.70%
- 6M
- 6.32%
- 1Y
- 8.86%
- 3Y*
- 6.76%
- 5Y*
- 0.11%
- 10Y*
- —
WTNR.L
- 1D
- -1.03%
- 1M
- 6.98%
- YTD
- 23.59%
- 6M
- 21.67%
- 1Y
- 44.74%
- 3Y*
- 16.51%
- 5Y*
- —
- 10Y*
- —
DPYE.L vs. WTNR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DPYE.L iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) | 5.70% | 5.47% | 0.74% | 8.05% | -18.06% |
WTNR.L WisdomTree New Economy Real Estate UCITS ETF USD Acc | 23.61% | 16.45% | 1.44% | 10.05% | -16.15% |
Correlation
The correlation between DPYE.L and WTNR.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.68 |
The correlation between DPYE.L and WTNR.L shifts across timeframes, from 0.48 (1 year) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DPYE.L vs. WTNR.L — Risk / Return Rank
DPYE.L
WTNR.L
DPYE.L vs. WTNR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) and WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.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.
| DPYE.L | WTNR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 3.28 | -2.34 |
| Martin ratioReturn relative to average drawdown | 3.18 | 8.55 | -5.36 |
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
| DPYE.L | WTNR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 2.24 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.42 | -0.27 |
Drawdowns
DPYE.L vs. WTNR.L - Drawdown Comparison
The maximum DPYE.L drawdown since its inception was -41.46%, which is greater than WTNR.L's maximum drawdown of -31.77%. Use the drawdown chart below to compare losses from any high point for DPYE.L and WTNR.L.
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Drawdown Indicators
| DPYE.L | WTNR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.46% | -31.77% | -9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -13.57% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.31% | -22.31% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.12% | — | — |
Current DrawdownCurrent decline from peak | -8.13% | -2.39% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -12.75% | -15.83% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 5.22% | -2.44% |
Volatility
DPYE.L vs. WTNR.L - Volatility Comparison
The current volatility for iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) is 3.37%, while WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.L) has a volatility of 7.59%. This indicates that DPYE.L experiences smaller price fluctuations and is considered to be less risky than WTNR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPYE.L | WTNR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 7.59% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 13.91% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 19.92% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 18.85% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 18.85% | -1.61% |
DPYE.L vs. WTNR.L - Expense Ratio Comparison
DPYE.L has a 0.64% expense ratio, which is higher than WTNR.L's 0.45% expense ratio.
Dividends
DPYE.L vs. WTNR.L - Dividend Comparison
Neither DPYE.L nor WTNR.L has paid dividends to shareholders.
Frequently Asked Questions
DPYE.L and WTNR.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTNR.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTNR.L is cheaper with a 0.45% expense ratio, compared with 0.64% for DPYE.L.
DPYE.L tracks FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged), while WTNR.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.64% for DPYE.L and 0.45% for WTNR.L.
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