EPRA.L vs. DPYE.L

Last updated Jun 5, 2026

EPRA.L (Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR) and DPYE.L (iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc)) are both REIT funds - EPRA.L tracks the FTSE EPRA Nareit Global TR USD while DPYE.L tracks the FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged). Both are passively managed. Over the past 5 years, EPRA.L returned 2.03%/yr vs 0.25%/yr for DPYE.L. Their correlation of 0.88 suggests significant overlap in exposure. EPRA.L charges 0.10%/yr vs 0.64%/yr for DPYE.L.

Performance

EPRA.L vs. DPYE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) and iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EPRA.L is traded in GBp, while DPYE.L is traded in EUR. To make them comparable, the DPYE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EPRA.L achieves a 6.79% return, which is significantly higher than DPYE.L's 4.92% return.

EPRA.L

• 1D: 0.23%
• 1M: -0.61%
• YTD: 6.79%
• 6M: 6.50%
• 1Y: 12.77%
• 3Y*: 6.12%
• 5Y*: 2.03%
• 10Y*: —

DPYE.L

• 1D: 0.07%
• 1M: -0.74%
• YTD: 4.92%
• 6M: 5.30%
• 1Y: 11.80%
• 3Y*: 6.91%
• 5Y*: 0.25%
• 10Y*: —

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

EPRA.L vs. DPYE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EPRA.L Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR	6.79%	3.12%	1.31%	4.40%	-16.02%	27.84%	-11.99%	17.30%	7.44%
DPYE.L iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc)	4.92%	11.12%	-3.84%	5.89%	-19.54%	19.79%	-7.62%	11.51%	1.29%

Correlation

The correlation between EPRA.L and DPYE.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	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	0.88

The correlation between EPRA.L and DPYE.L has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

EPRA.L vs. DPYE.L - Sectors Allocation Comparison

Sectors	EPRA.L	DPYE.L
Real Estate	99.6%	100.0%
Technology	0.4%	-
Financial Services	0.1%	0.1%
Industrials	0.0%	-
Consumer Cyclical	0.0%	0.0%
Communication Services	0.0%	-
Healthcare	0.0%	-
Basic Materials	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Utilities	0.0%	-

Return for Risk

EPRA.L vs. DPYE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EPRA.L

EPRA.L Risk / Return Rank: 33
EPRA.L Sharpe Ratio Rank: 35
EPRA.L Sortino Ratio Rank: 35
EPRA.L Omega Ratio Rank: 33
EPRA.L Calmar Ratio Rank: 29
EPRA.L Martin Ratio Rank: 34

DPYE.L

DPYE.L Risk / Return Rank: 23
DPYE.L Sharpe Ratio Rank: 24
DPYE.L Sortino Ratio Rank: 23
DPYE.L Omega Ratio Rank: 22
DPYE.L Calmar Ratio Rank: 21
DPYE.L Martin Ratio Rank: 25

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.

EPRA.L vs. DPYE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) and iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.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.

	EPRA.L	DPYE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.03	+0.18
Sortino ratio: Return per unit of downside risk	1.80	1.56	+0.24
Omega ratio: Gain probability vs. loss probability	1.22	1.18	+0.03
Calmar ratio: Return relative to maximum drawdown	1.42	1.15	+0.27
Martin ratio: Return relative to average drawdown	5.00	3.82	+1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPRA.L vs. DPYE.L - Sharpe Ratio Comparison

The current EPRA.L Sharpe Ratio is 1.21, which is comparable to the DPYE.L Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of EPRA.L and DPYE.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.

Sharpe Ratios by Period

	EPRA.L	DPYE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.03	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.02	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.13	+0.06

Drawdowns

EPRA.L vs. DPYE.L - Drawdown Comparison

The maximum EPRA.L drawdown since its inception was -35.65%, roughly equal to the maximum DPYE.L drawdown of -36.42%. Use the drawdown chart below to compare losses from any high point for EPRA.L and DPYE.L.

Drawdown Indicators

	EPRA.L	DPYE.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-36.42%	+0.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-10.20%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-17.01%	-16.30%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.59%	-30.05%	+3.46%
Current Drawdown Current decline from peak	-3.51%	-4.69%	+1.18%
Average Drawdown Average peak-to-trough decline	-9.83%	-11.35%	+1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.08%	-0.53%

Volatility

EPRA.L vs. DPYE.L - Volatility Comparison

The current volatility for Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) is 3.19%, while iShares Developed Markets Property Yield UCITS ETF EUR Hedged (Acc) (DPYE.L) has a volatility of 3.51%. This indicates that EPRA.L experiences smaller price fluctuations and is considered to be less risky than DPYE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPRA.L	DPYE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	3.51%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	8.90%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	11.36%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	15.21%	-1.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	17.16%	-1.66%

EPRA.L vs. DPYE.L - Expense Ratio Comparison

EPRA.L has a 0.10% expense ratio, which is lower than DPYE.L's 0.64% expense ratio.

Dividends

EPRA.L vs. DPYE.L - Dividend Comparison

Neither EPRA.L nor DPYE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EPRA.L and DPYE.L in my portfolio?

EPRA.L and DPYE.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.

Which ETF is better, EPRA.L or DPYE.L?

On fees, EPRA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EPRA.L or DPYE.L?

EPRA.L is cheaper with a 0.10% expense ratio, compared with 0.64% for DPYE.L.

What is the main difference between EPRA.L and DPYE.L?

EPRA.L tracks FTSE EPRA Nareit Global TR USD, while DPYE.L tracks FTSE EPRA/NAREIT Developed Dividend+ (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for EPRA.L and 0.64% for DPYE.L.