GBRE.L vs. IDUP.L
GBRE.L (SPDR® Dow Jones Global Real Estate UCITS ETF) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - GBRE.L tracks the FTSE EPRA Nareit Global TR USD while IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, GBRE.L returned 2.56%/yr vs 3.90%/yr for IDUP.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
GBRE.L vs. IDUP.L - Performance Comparison
Loading charts...
Different Trading Currencies
GBRE.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, GBRE.L achieves a 11.40% return, which is significantly lower than IDUP.L's 15.56% return. Over the past 10 years, GBRE.L has underperformed IDUP.L with an annualized return of 2.56%, while IDUP.L has yielded a comparatively higher 3.90% annualized return.
GBRE.L
- 1D
- -0.59%
- 1M
- 0.91%
- 6M
- 10.18%
- YTD
- 11.40%
- 1Y
- 16.75%
- 3Y*
- 7.83%
- 5Y*
- 2.16%
- 10Y*
- 2.56%
IDUP.L
- 1D
- 0.00%
- 1M
- -0.94%
- 6M
- 13.74%
- YTD
- 15.56%
- 1Y
- 17.06%
- 3Y*
- 8.23%
- 5Y*
- 3.59%
- 10Y*
- 3.90%
GBRE.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 11.40% | 2.66% | 0.99% | 5.21% | -16.29% | 32.11% | -13.82% | 16.07% | -2.70% | -1.73% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 15.56% | -5.06% | 6.56% | 7.39% | -15.29% | 43.12% | -13.53% | 16.77% | 0.82% | -4.68% |
Correlation
The correlation between GBRE.L and IDUP.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.89 |
The correlation between GBRE.L and IDUP.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBRE.L vs. IDUP.L — Risk / Return Rank
GBRE.L
IDUP.L
GBRE.L vs. IDUP.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 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.
| GBRE.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.69 | -0.64 |
| Martin ratioReturn relative to average drawdown | 7.13 | 6.25 | +0.88 |
Loading charts...
Drawdowns
GBRE.L vs. IDUP.L - Drawdown Comparison
The maximum GBRE.L drawdown since its inception was -38.93%, smaller than the maximum IDUP.L drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for GBRE.L and IDUP.L.
Loading charts...
Drawdown Indicators
| GBRE.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -59.86% | +20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -6.47% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -21.22% | +4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.40% | -28.14% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.02% | -39.54% | +4.52% |
Current DrawdownCurrent decline from peak | -1.98% | -3.63% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -11.10% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.79% | -0.45% |
Volatility
GBRE.L vs. IDUP.L - Volatility Comparison
The current volatility for SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) is 3.59%, while iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a volatility of 4.56%. This indicates that GBRE.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.
Loading charts...
Volatility by Period
| GBRE.L | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.56% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 10.58% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 13.57% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 17.67% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 19.89% | -4.05% |
GBRE.L vs. IDUP.L - Expense Ratio Comparison
Both GBRE.L and IDUP.L have an expense ratio of 0.40%.
Dividends
GBRE.L vs. IDUP.L - Dividend Comparison
GBRE.L's dividend yield for the trailing twelve months is around 2.48%, less than IDUP.L's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 2.48% | 2.74% | 2.73% | 2.66% | 2.85% | 1.79% | 2.76% | 2.69% | 1.54% | 2.20% | 2.40% | 2.09% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.90% | 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
GBRE.L and IDUP.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 IDUP.L have the same expense ratio: 0.40% per year.
GBRE.L tracks FTSE EPRA Nareit Global TR USD, while IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist). They also come from different issuers: State Street and iShares.
Find the right allocation for GBRE.L and IDUP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer