DPYG.L vs. IDUP.L
DPYG.L (iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds from iShares - DPYG.L tracks the FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged) while IDUP.L tracks the FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). Both are passively managed. Over the past 5 years, DPYG.L returned 1.77%/yr vs 4.33%/yr for IDUP.L. Their correlation of 0.81 suggests significant overlap in exposure. DPYG.L charges 0.64%/yr vs 0.40%/yr for IDUP.L.
Performance
DPYG.L vs. IDUP.L - Performance Comparison
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Different Trading Currencies
DPYG.L is traded in GBP, while IDUP.L is traded in USD. To make them comparable, the IDUP.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 12.89% return, which is significantly lower than IDUP.L's 19.71% return.
DPYG.L
- 1D
- 0.55%
- 1M
- 3.56%
- 6M
- 9.15%
- YTD
- 12.89%
- 1Y
- 16.82%
- 3Y*
- 9.59%
- 5Y*
- 1.77%
- 10Y*
- —
IDUP.L
- 1D
- 1.04%
- 1M
- 2.73%
- 6M
- 14.96%
- YTD
- 19.71%
- 1Y
- 21.38%
- 3Y*
- 9.84%
- 5Y*
- 4.33%
- 10Y*
- 4.13%
DPYG.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 12.89% | 7.23% | 2.09% | 9.63% | -23.02% | 27.74% | -13.69% | 19.26% | 3.27% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 19.71% | -5.06% | 6.56% | 7.39% | -15.29% | 43.12% | -13.53% | 16.77% | 17.02% |
Correlation
The correlation between DPYG.L and IDUP.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | 0.81 |
The correlation between DPYG.L and IDUP.L has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
DPYG.L vs. IDUP.L — Risk / Return Rank
DPYG.L
IDUP.L
DPYG.L vs. IDUP.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 iShares US Property Yield UCITS ETF USD (Dist) (IDUP.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.
| DPYG.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.29 | -1.47 |
| Martin ratioReturn relative to average drawdown | 6.29 | 7.66 | -1.37 |
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Drawdowns
DPYG.L vs. IDUP.L - Drawdown Comparison
The maximum DPYG.L drawdown since its inception was -42.46%, smaller than the maximum IDUP.L drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for DPYG.L and IDUP.L.
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Drawdown Indicators
| DPYG.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.46% | -59.86% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -6.47% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -21.22% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -31.71% | -28.14% | -3.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.54% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -11.10% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.79% | -0.12% |
Volatility
DPYG.L vs. IDUP.L - Volatility Comparison
The current volatility for iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) is 3.50%, while iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a volatility of 5.33%. This indicates that DPYG.L experiences smaller price fluctuations and is considered to be less risky than IDUP.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 | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.33% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 10.91% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 13.83% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 17.71% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 19.91% | -2.52% |
DPYG.L vs. IDUP.L - Expense Ratio Comparison
DPYG.L has a 0.64% expense ratio, which is higher than IDUP.L's 0.40% expense ratio.
Dividends
DPYG.L vs. IDUP.L - Dividend Comparison
DPYG.L's dividend yield for the trailing twelve months is around 2.79%, which matches IDUP.L's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) | 2.79% | 3.02% | 3.10% | 3.00% | 3.71% | 2.13% | 2.98% | 2.95% | 2.98% | 0.00% | 0.00% | 0.00% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.81% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
Frequently Asked Questions
DPYG.L and IDUP.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDUP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDUP.L is cheaper with a 0.40% expense ratio, compared with 0.64% for DPYG.L.
DPYG.L tracks FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged), while IDUP.L tracks FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). Their fees differ too: 0.64% for DPYG.L and 0.40% for IDUP.L.
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