GLRA.L vs. AREG.L
GLRA.L (SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap) and AREG.L (abrdn Future Real Estate UCITS ETF) are both REIT funds. GLRA.L is passively managed, while AREG.L is actively managed. Over the past year, GLRA.L returned 12.22% vs 7.92% for AREG.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
GLRA.L vs. AREG.L - Performance Comparison
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Different Trading Currencies
GLRA.L is traded in USD, while AREG.L is traded in GBp. To make them comparable, the AREG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLRA.L achieves a 6.97% return, which is significantly higher than AREG.L's 4.70% return.
GLRA.L
- 1D
- 0.25%
- 1M
- -0.86%
- YTD
- 6.97%
- 6M
- 6.70%
- 1Y
- 12.22%
- 3Y*
- 8.90%
- 5Y*
- 1.35%
- 10Y*
- —
AREG.L
- 1D
- 0.06%
- 1M
- -1.53%
- YTD
- 4.70%
- 6M
- 5.22%
- 1Y
- 7.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLRA.L vs. AREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 6.97% | 10.04% | 6.39% |
AREG.L abrdn Future Real Estate UCITS ETF | 4.70% | 8.05% | 4.09% |
Correlation
The correlation between GLRA.L and AREG.L is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2024 | 0.87 |
The correlation between GLRA.L and AREG.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
GLRA.L vs. AREG.L — Risk / Return Rank
GLRA.L
AREG.L
GLRA.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 USD Cap (GLRA.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.
| GLRA.L | AREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.71 | +0.58 |
| Martin ratioReturn relative to average drawdown | 4.92 | 2.44 | +2.48 |
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
| GLRA.L | AREG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.64 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.57 | -0.49 |
Drawdowns
GLRA.L vs. AREG.L - Drawdown Comparison
The maximum GLRA.L drawdown since its inception was -38.24%, which is greater than AREG.L's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for GLRA.L and AREG.L.
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Drawdown Indicators
| GLRA.L | AREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -20.06% | -18.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -11.08% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | — | — |
Current DrawdownCurrent decline from peak | -3.58% | -5.48% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -15.09% | -5.36% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.24% | -0.76% |
Volatility
GLRA.L vs. AREG.L - Volatility Comparison
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) has a higher volatility of 4.05% compared to abrdn Future Real Estate UCITS ETF (AREG.L) at 3.78%. This indicates that GLRA.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
| GLRA.L | AREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 3.78% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 9.63% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 12.25% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 13.96% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 13.96% | +7.37% |
GLRA.L vs. AREG.L - Expense Ratio Comparison
Both GLRA.L and AREG.L have an expense ratio of 0.40%.
Dividends
GLRA.L vs. AREG.L - Dividend Comparison
Neither GLRA.L nor AREG.L has paid dividends to shareholders.
Frequently Asked Questions
GLRA.L and AREG.L have a correlation of 0.84, 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.
GLRA.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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