DPYG.L vs. IWDP.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L).

DPYG.L and IWDP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DPYG.L is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged). It was launched on Mar 5, 2018. IWDP.L is a passively managed fund by iShares that tracks the performance of the FTSE EPRA Nareit Global TR USD. It was launched on Oct 20, 2006. Both DPYG.L and IWDP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DPYG.L vs. IWDP.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 ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

DPYG.L vs. IWDP.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)	0.71%	7.38%	2.06%	9.46%	-22.94%	27.74%	-13.64%	19.27%	1.57%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	2.63%	1.71%	1.22%	4.00%	-14.93%	26.93%	-12.50%	17.31%	8.18%

Different Trading Currencies

DPYG.L is traded in GBP, while IWDP.L is traded in GBp. To make them comparable, the IWDP.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 0.71% return, which is significantly lower than IWDP.L's 2.63% return.

DPYG.L

• 1D: -0.07%
• 1M: -7.39%
• YTD: 0.71%
• 6M: 0.24%
• 1Y: 5.87%
• 3Y*: 6.61%
• 5Y*: 1.85%
• 10Y*: —

IWDP.L

• 1D: 0.47%
• 1M: -6.32%
• YTD: 2.63%
• 6M: 1.75%
• 1Y: 4.68%
• 3Y*: 4.22%
• 5Y*: 2.30%
• 10Y*: 3.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

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

DPYG.L

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

IWDP.L

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

Return for Risk

DPYG.L vs. IWDP.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: 23
DPYG.L Sharpe Ratio Rank: 24
DPYG.L Sortino Ratio Rank: 22
DPYG.L Omega Ratio Rank: 23
DPYG.L Calmar Ratio Rank: 22
DPYG.L Martin Ratio Rank: 24

IWDP.L

IWDP.L Risk / Return Rank: 22
IWDP.L Sharpe Ratio Rank: 21
IWDP.L Sortino Ratio Rank: 19
IWDP.L Omega Ratio Rank: 19
IWDP.L Calmar Ratio Rank: 24
IWDP.L Martin Ratio Rank: 24

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. IWDP.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 ETF USD (Dist) GBP (IWDP.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	IWDP.L	Difference
Sharpe ratio Return per unit of total volatility	0.44	0.36	+0.08
Sortino ratio Return per unit of downside risk	0.67	0.56	+0.10
Omega ratio Gain probability vs. loss probability	1.10	1.07	+0.02
Calmar ratio Return relative to maximum drawdown	0.51	0.57	-0.06
Martin ratio Return relative to average drawdown	2.07	1.80	+0.27
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. IWDP.L - Sharpe Ratio Comparison

The current DPYG.L Sharpe Ratio is 0.44, which is comparable to the IWDP.L Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of DPYG.L and IWDP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DPYG.L	IWDP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	0.36	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.17	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.26	-0.10

Correlation

The correlation between DPYG.L and IWDP.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DPYG.L vs. IWDP.L - Dividend Comparison

DPYG.L's dividend yield for the trailing twelve months is around 3.00%, less than IWDP.L's 3.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)	3.00%	3.02%	3.11%	3.00%	3.71%	2.13%	2.98%	2.95%	2.99%	0.00%	0.00%	0.00%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	3.07%	3.13%	3.17%	3.14%	3.56%	2.17%	3.11%	3.03%	3.82%	3.05%	2.96%	2.93%

Drawdowns

DPYG.L vs. IWDP.L - Drawdown Comparison

The maximum DPYG.L drawdown since its inception was -42.55%, smaller than the maximum IWDP.L drawdown of -59.04%. Use the drawdown chart below to compare losses from any high point for DPYG.L and IWDP.L.

Drawdown Indicators

	DPYG.L	IWDP.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.55%	-59.04%	+16.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-9.70%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-31.83%	-26.31%	-5.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.66%	—
Current Drawdown Current decline from peak	-8.31%	-7.22%	-1.09%
Average Drawdown Average peak-to-trough decline	-11.98%	-11.11%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.73%	+0.11%

Volatility

DPYG.L vs. IWDP.L - Volatility Comparison

iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) has a higher volatility of 4.47% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 4.18%. This indicates that DPYG.L's price experiences larger fluctuations and is considered to be riskier than IWDP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPYG.L	IWDP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	4.18%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	8.17%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.24%	13.07%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	13.79%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	15.58%	+1.93%