DPYG.L vs. AREG.L
DPYG.L (iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)) and AREG.L (abrdn Future Real Estate UCITS ETF) are both REIT funds. DPYG.L is passively managed, while AREG.L is actively managed. Over the past year, DPYG.L returned 11.15% vs 8.96% for AREG.L. Their correlation of 0.87 suggests significant overlap in exposure. DPYG.L charges 0.64%/yr vs 0.40%/yr for AREG.L.
Performance
DPYG.L vs. AREG.L - Performance Comparison
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Different Trading Currencies
DPYG.L is traded in GBP, while AREG.L is traded in GBp. To make them comparable, the AREG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DPYG.L achieves a 6.70% return, which is significantly higher than AREG.L's 4.96% return.
DPYG.L
- 1D
- 0.24%
- 1M
- -0.72%
- YTD
- 6.70%
- 6M
- 7.50%
- 1Y
- 11.15%
- 3Y*
- 8.45%
- 5Y*
- 1.37%
- 10Y*
- —
AREG.L
- 1D
- 0.01%
- 1M
- -0.69%
- YTD
- 4.96%
- 6M
- 4.44%
- 1Y
- 8.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DPYG.L vs. AREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 6.70% | 7.38% | 7.34% |
AREG.L abrdn Future Real Estate UCITS ETF | 4.96% | 0.47% | 4.44% |
Correlation
The correlation between DPYG.L and AREG.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024 | 0.87 |
The correlation between DPYG.L and AREG.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
DPYG.L vs. AREG.L — Risk / Return Rank
DPYG.L
AREG.L
DPYG.L vs. AREG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) and abrdn Future Real Estate UCITS ETF (AREG.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.
| DPYG.L | AREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.94 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.23 | 2.93 | +1.30 |
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
| DPYG.L | AREG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.78 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.37 | -0.17 |
Drawdowns
DPYG.L vs. AREG.L - Drawdown Comparison
The maximum DPYG.L drawdown since its inception was -42.55%, which is greater than AREG.L's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for DPYG.L and AREG.L.
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Drawdown Indicators
| DPYG.L | AREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.55% | -18.47% | -24.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -9.54% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.83% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -5.07% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -5.59% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 3.05% | -0.40% |
Volatility
DPYG.L vs. AREG.L - Volatility Comparison
iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) has a higher volatility of 3.43% compared to abrdn Future Real Estate UCITS ETF (AREG.L) at 3.21%. This indicates that DPYG.L's price experiences larger fluctuations and is considered to be riskier than AREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPYG.L | AREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 3.21% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 9.12% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 11.37% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 12.40% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 12.40% | +5.03% |
DPYG.L vs. AREG.L - Expense Ratio Comparison
DPYG.L has a 0.64% expense ratio, which is higher than AREG.L's 0.40% expense ratio.
Dividends
DPYG.L vs. AREG.L - Dividend Comparison
DPYG.L's dividend yield for the trailing twelve months is around 2.95%, while AREG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AREG.L abrdn Future Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 2.95% | 3.02% | 3.11% | 3.00% | 3.71% | 2.13% | 2.98% | 2.95% | 2.99% |
Frequently Asked Questions
DPYG.L and AREG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AREG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AREG.L is cheaper with a 0.40% expense ratio, compared with 0.64% for DPYG.L.
They also come from different issuers: iShares and abrdn. Their fees differ too: 0.64% for DPYG.L and 0.40% for AREG.L.
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