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DPYG.L vs. IDWP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DPYG.L vs. IDWP.L

Last updated Jun 5, 2026

DPYG.L (iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)) and IDWP.L (iShares Developed Markets Property Yield UCITS) are both REIT funds from iShares - DPYG.L tracks the FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged) while IDWP.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, DPYG.L returned 1.37%/yr vs 1.82%/yr for IDWP.L. Their correlation of 0.84 suggests significant overlap in exposure. DPYG.L charges 0.64%/yr vs 0.59%/yr for IDWP.L.

Performance

DPYG.L vs. IDWP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) and iShares Developed Markets Property Yield UCITS (IDWP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DPYG.L is traded in GBP, while IDWP.L is traded in USD. To make them comparable, the IDWP.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 lower than IDWP.L's 7.27% 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*
—

IDWP.L

1D
0.28%
1M
-0.11%
YTD
7.27%
6M
7.05%
1Y
11.60%
3Y*
5.85%
5Y*
1.82%
10Y*
4.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DPYG.L vs. IDWP.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DPYG.L
iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)		6.70%7.38%2.06%9.46%-22.94%27.74%-13.64%19.27%1.57%
IDWP.L
iShares Developed Markets Property Yield UCITS		7.27%1.42%1.93%3.91%-14.98%26.55%-12.19%16.61%8.22%

Correlation

The correlation between DPYG.L and IDWP.L is 0.83, 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

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Mar 9, 2018

0.84

The correlation between DPYG.L and IDWP.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

DPYG.L vs. IDWP.L - Sectors Allocation Comparison

Sectors
DPYG.L
IDWP.L

Real Estate

100.0%
100.0%

Financial Services

0.1%
0.1%

Consumer Cyclical

0.0%
0.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

DPYG.L
100.0%
IDWP.L
100.0%

Financial Services

DPYG.L
0.1%
IDWP.L
0.1%

Consumer Cyclical

DPYG.L
0.0%
IDWP.L
0.0%

Basic Materials

DPYG.L

-

IDWP.L

-

Communication Services

DPYG.L

-

IDWP.L

-

Consumer Defensive

DPYG.L

-

IDWP.L

-

Energy

DPYG.L

-

IDWP.L

-

Healthcare

DPYG.L

-

IDWP.L

-

Industrials

DPYG.L

-

IDWP.L

-

Technology

DPYG.L

-

IDWP.L

-

Utilities

DPYG.L

-

IDWP.L

-

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iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)

iShares Developed Markets Property Yield UCITS

Often compared with DPYG.L:
DPYG.L vs. VNQDPYG.L vs. WNEW.LDPYG.L vs. IUKP.LDPYG.L vs. IWDP.LDPYG.L vs. HPRD.LDPYG.L vs. HPRO.LDPYG.L vs. EPRA.L
Often compared with IDWP.L:
IDWP.L vs. IPRP.LIDWP.L vs. GLRE.LIDWP.L vs. VNQIDWP.L vs. CSPX.LIDWP.L vs. SCHDIDWP.L vs. REETIDWP.L vs. IUSP.L

Return for Risk

DPYG.L vs. IDWP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DPYG.L
DPYG.L Risk / Return Rank: 2828
Overall Rank
DPYG.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
DPYG.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
DPYG.L Omega Ratio Rank: 2727
Omega Ratio Rank
DPYG.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
DPYG.L Martin Ratio Rank: 3030
Martin Ratio Rank
IDWP.L
IDWP.L Risk / Return Rank: 2525
Overall Rank
IDWP.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IDWP.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
IDWP.L Omega Ratio Rank: 2424
Omega Ratio Rank
IDWP.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
IDWP.L Martin Ratio Rank: 2727
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPYG.L vs. IDWP.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 Developed Markets Property Yield UCITS (IDWP.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.LIDWP.LDifference
Sharpe ratioReturn per unit of total volatility
1.00
0.96

+0.05

Sortino ratioReturn per unit of downside risk
1.50
1.41

+0.09

Omega ratioGain probability vs. loss probability

1.18

1.17

+0.01

Calmar ratioReturn relative to maximum drawdown

1.24

1.40

-0.16

Martin ratioReturn relative to average drawdown

4.23

4.26

-0.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPYG.L vs. IDWP.L - Sharpe Ratio Comparison

The current DPYG.L Sharpe Ratio is 1.00, which is comparable to the IDWP.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of DPYG.L and IDWP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DPYG.LIDWP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

0.96

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

0.12

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.25

-0.06

Drawdowns

DPYG.L vs. IDWP.L - Drawdown Comparison

The maximum DPYG.L drawdown since its inception was -42.55%, smaller than the maximum IDWP.L drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for DPYG.L and IDWP.L.

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Drawdown Indicators

DPYG.LIDWP.LDifference

Max Drawdown

Largest peak-to-trough decline

-42.55%

-56.36%

+13.81%

Max Drawdown (1Y)

Largest decline over 1 year

-9.07%

-8.28%

-0.79%

Max Drawdown (3Y)

Largest decline over 3 years

-16.89%

-17.16%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-31.83%

-26.73%

-5.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.93%

—

Current Drawdown

Current decline from peak

-2.86%

-3.42%

+0.56%

Average Drawdown

Average peak-to-trough decline

-11.78%

-9.83%

-1.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

2.72%

-0.07%

Volatility

DPYG.L vs. IDWP.L - Volatility Comparison

iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) and iShares Developed Markets Property Yield UCITS (IDWP.L) have volatilities of 3.43% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DPYG.LIDWP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

3.40%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

8.58%

9.57%

-0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

11.15%

12.05%

-0.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.14%

14.97%

+0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.43%

16.56%

+0.87%

DPYG.L vs. IDWP.L - Expense Ratio Comparison

DPYG.L has a 0.64% expense ratio, which is higher than IDWP.L's 0.59% expense ratio.

Dividends

DPYG.L vs. IDWP.L - Dividend Comparison

DPYG.L's dividend yield for the trailing twelve months is around 2.95%, less than IDWP.L's 3.01% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
IDWP.L
iShares Developed Markets Property Yield UCITS		3.01%3.07%3.22%3.07%3.66%2.22%2.91%2.89%3.94%2.91%3.27%3.01%

Frequently Asked Questions

DPYG.L and IDWP.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDWP.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDWP.L is cheaper with a 0.59% expense ratio, compared with 0.64% for DPYG.L.

DPYG.L tracks FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged), while IDWP.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.64% for DPYG.L and 0.59% for IDWP.L.

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