GLRA.L vs. IDUP.L
GLRA.L (SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - GLRA.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 5 years, GLRA.L returned 1.69%/yr vs 3.24%/yr for IDUP.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
GLRA.L vs. IDUP.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLRA.L achieves a 12.06% return, which is significantly lower than IDUP.L's 16.04% return.
GLRA.L
- 1D
- -0.08%
- 1M
- 1.21%
- 6M
- 10.53%
- YTD
- 12.06%
- 1Y
- 17.90%
- 3Y*
- 8.87%
- 5Y*
- 1.69%
- 10Y*
- —
IDUP.L
- 1D
- 0.00%
- 1M
- -0.06%
- 6M
- 14.44%
- YTD
- 16.04%
- 1Y
- 18.31%
- 3Y*
- 9.47%
- 5Y*
- 3.24%
- 10Y*
- 4.11%
GLRA.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 12.06% | 10.02% | -0.73% | 11.38% | -25.32% | 30.28% | -10.67% | -1.08% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 16.04% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | -2.67% |
Correlation
The correlation between GLRA.L and IDUP.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.92 |
The correlation between GLRA.L and IDUP.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
GLRA.L vs. IDUP.L — Risk / Return Rank
GLRA.L
IDUP.L
GLRA.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 USD Cap (GLRA.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.
| GLRA.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.48 | -0.59 |
| Martin ratioReturn relative to average drawdown | 7.20 | 6.81 | +0.39 |
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Drawdowns
GLRA.L vs. IDUP.L - Drawdown Comparison
The maximum GLRA.L drawdown since its inception was -38.24%, smaller than the maximum IDUP.L drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for GLRA.L and IDUP.L.
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Drawdown Indicators
| GLRA.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -75.24% | +37.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -7.41% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -20.33% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.19% | -33.70% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.62% | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.41% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -14.86% | -15.31% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.70% | -0.22% |
Volatility
GLRA.L vs. IDUP.L - Volatility Comparison
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) and iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) have volatilities of 4.04% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLRA.L | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.92% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 9.76% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 12.96% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 18.37% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 20.35% | +0.83% |
GLRA.L vs. IDUP.L - Expense Ratio Comparison
Both GLRA.L and IDUP.L have an expense ratio of 0.40%.
Dividends
GLRA.L vs. IDUP.L - Dividend Comparison
GLRA.L has not paid dividends to shareholders, while IDUP.L's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GLRA.L and IDUP.L have a correlation of 0.90, 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 IDUP.L have the same expense ratio: 0.40% per year.
GLRA.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.
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