GBRE.L vs. AREG.L
GBRE.L (SPDR® Dow Jones Global Real Estate UCITS ETF) and AREG.L (abrdn Future Real Estate UCITS ETF) are both REIT funds. GBRE.L is passively managed, while AREG.L is actively managed. Over the past year, GBRE.L returned 11.03% vs 8.96% for AREG.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.40% expense ratio.
Performance
GBRE.L vs. AREG.L - Performance Comparison
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Different Trading Currencies
GBRE.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, GBRE.L achieves a 6.19% return, which is significantly higher than AREG.L's 4.96% return.
GBRE.L
- 1D
- 0.29%
- 1M
- -1.75%
- YTD
- 6.19%
- 6M
- 5.11%
- 1Y
- 11.03%
- 3Y*
- 5.36%
- 5Y*
- 2.07%
- 10Y*
- 3.81%
AREG.L
- 1D
- 0.01%
- 1M
- -0.69%
- YTD
- 4.96%
- 6M
- 4.44%
- 1Y
- 8.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBRE.L vs. AREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 6.19% | 1.33% | 6.26% |
AREG.L abrdn Future Real Estate UCITS ETF | 4.96% | 0.47% | 4.44% |
Correlation
The correlation between GBRE.L and AREG.L is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024 | 0.96 |
The correlation between GBRE.L and AREG.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
GBRE.L vs. AREG.L — Risk / Return Rank
GBRE.L
AREG.L
GBRE.L vs. AREG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.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.
| GBRE.L | AREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.94 | +0.34 |
| Martin ratioReturn relative to average drawdown | 4.35 | 2.93 | +1.42 |
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
| GBRE.L | AREG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.78 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.37 | 0.00 |
Drawdowns
GBRE.L vs. AREG.L - Drawdown Comparison
The maximum GBRE.L drawdown since its inception was -35.15%, 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 GBRE.L and AREG.L.
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Drawdown Indicators
| GBRE.L | AREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.15% | -18.47% | -16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -9.54% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.15% | — | — |
Current DrawdownCurrent decline from peak | -5.92% | -5.07% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -5.59% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.05% | -0.49% |
Volatility
GBRE.L vs. AREG.L - Volatility Comparison
SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) has a higher volatility of 3.39% compared to abrdn Future Real Estate UCITS ETF (AREG.L) at 3.21%. This indicates that GBRE.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
| GBRE.L | AREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.21% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.79% | 9.12% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.37% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 12.40% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 12.40% | +3.58% |
GBRE.L vs. AREG.L - Expense Ratio Comparison
Both GBRE.L and AREG.L have an expense ratio of 0.40%.
Dividends
GBRE.L vs. AREG.L - Dividend Comparison
GBRE.L's dividend yield for the trailing twelve months is around 0.75%, while AREG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 0.75% | 1.45% | 2.73% | 2.66% | 2.84% | 1.79% | 2.76% | 3.25% | 4.30% | 3.99% | 2.40% | 2.09% |
Frequently Asked Questions
With a correlation of 0.95, GBRE.L and AREG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GBRE.L and AREG.L have the same expense ratio: 0.40% per year.
They also come from different issuers: State Street and abrdn.
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