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GLRA.L vs. IDWP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GLRA.L vs. IDWP.L

Last updated Jun 5, 2026

GLRA.L (SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap) and IDWP.L (iShares Developed Markets Property Yield UCITS) are both REIT funds tracking the FTSE EPRA Nareit Global TR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, GLRA.L returned 1.35%/yr vs 0.73%/yr for IDWP.L. Their correlation of 0.94 suggests significant overlap in exposure. GLRA.L charges 0.40%/yr vs 0.59%/yr for IDWP.L.

Performance

GLRA.L vs. IDWP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) and iShares Developed Markets Property Yield UCITS (IDWP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with GLRA.L having a 6.97% return and IDWP.L slightly lower at 6.84%.

GLRA.L

1D
0.25%
1M
-0.86%
YTD
6.97%
6M
6.70%
1Y
12.22%
3Y*
8.90%
5Y*
1.35%
10Y*
—

IDWP.L

1D
0.28%
1M
-1.02%
YTD
6.84%
6M
7.80%
1Y
10.53%
3Y*
8.57%
5Y*
0.73%
10Y*
3.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GLRA.L vs. IDWP.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
GLRA.L
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap		6.97%10.04%-0.75%11.39%-25.32%30.28%-10.67%-1.08%
IDWP.L
iShares Developed Markets Property Yield UCITS		6.84%9.19%0.18%9.37%-24.02%25.37%-9.53%-0.48%

Correlation

The correlation between GLRA.L and IDWP.L is 0.89, 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

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2019

0.94

The correlation between GLRA.L and IDWP.L has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

GLRA.L vs. IDWP.L - Sectors Allocation Comparison

Sectors
GLRA.L
IDWP.L

Real Estate

99.9%
100.0%

Industrials

0.0%

-

Financial Services

0.0%
0.1%

Utilities

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.0%

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Technology

-

-

Real Estate

GLRA.L
99.9%
IDWP.L
100.0%

Industrials

GLRA.L
0.0%
IDWP.L

-

Financial Services

GLRA.L
0.0%
IDWP.L
0.1%

Utilities

GLRA.L
0.0%
IDWP.L

-

Basic Materials

GLRA.L

-

IDWP.L

-

Communication Services

GLRA.L

-

IDWP.L

-

Consumer Cyclical

GLRA.L

-

IDWP.L
0.0%

Consumer Defensive

GLRA.L

-

IDWP.L

-

Energy

GLRA.L

-

IDWP.L

-

Healthcare

GLRA.L

-

IDWP.L

-

Technology

GLRA.L

-

IDWP.L

-

Compare stocks, funds, or ETFs

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SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap

iShares Developed Markets Property Yield UCITS

Often compared with GLRA.L:
GLRA.L vs. VNQGLRA.L vs. VNQIGLRA.L vs. VWRA.LGLRA.L vs. EIMI.LGLRA.L vs. IWDP.LGLRA.L vs. IWDA.LGLRA.L vs. AREG.L
Often compared with IDWP.L:
IDWP.L vs. IPRP.LIDWP.L vs. GLRE.LIDWP.L vs. VNQIDWP.L vs. CSPX.LIDWP.L vs. SCHDIDWP.L vs. REETIDWP.L vs. IUSP.L

Return for Risk

GLRA.L vs. IDWP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GLRA.L
GLRA.L Risk / Return Rank: 2828
Overall Rank
GLRA.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
GLRA.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
GLRA.L Omega Ratio Rank: 2525
Omega Ratio Rank
GLRA.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
GLRA.L Martin Ratio Rank: 3333
Martin Ratio Rank
IDWP.L
IDWP.L Risk / Return Rank: 2525
Overall Rank
IDWP.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IDWP.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
IDWP.L Omega Ratio Rank: 2424
Omega Ratio Rank
IDWP.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
IDWP.L Martin Ratio Rank: 2727
Martin Ratio Rank
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.

GLRA.L vs. IDWP.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 Developed Markets Property Yield UCITS (IDWP.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.LIDWP.LDifference
Sharpe ratioReturn per unit of total volatility
0.93
0.88

+0.05

Sortino ratioReturn per unit of downside risk
1.43
1.35

+0.07

Omega ratioGain probability vs. loss probability

1.17

1.16

+0.01

Calmar ratioReturn relative to maximum drawdown

1.29

1.07

+0.22

Martin ratioReturn relative to average drawdown

4.92

3.64

+1.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLRA.L vs. IDWP.L - Sharpe Ratio Comparison

The current GLRA.L Sharpe Ratio is 0.93, which is comparable to the IDWP.L Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of GLRA.L and IDWP.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.

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Sharpe Ratios by Period

GLRA.LIDWP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

0.88

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.08

0.05

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.19

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.15

-0.07

Drawdowns

GLRA.L vs. IDWP.L - Drawdown Comparison

The maximum GLRA.L drawdown since its inception was -38.24%, smaller than the maximum IDWP.L drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for GLRA.L and IDWP.L.

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Drawdown Indicators

GLRA.LIDWP.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.24%

-70.51%

+32.27%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-9.78%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-18.24%

-18.07%

-0.17%

Max Drawdown (5Y)

Largest decline over 5 years

-34.18%

-33.95%

-0.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.82%

—

Current Drawdown

Current decline from peak

-3.58%

-3.98%

+0.40%

Average Drawdown

Average peak-to-trough decline

-15.09%

-13.58%

-1.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

2.89%

-0.41%

Volatility

GLRA.L vs. IDWP.L - Volatility Comparison

SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) has a higher volatility of 4.05% compared to iShares Developed Markets Property Yield UCITS (IDWP.L) at 3.63%. This indicates that GLRA.L's price experiences larger fluctuations and is considered to be riskier than IDWP.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.LIDWP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

3.63%

+0.42%

Volatility (6M)

Calculated over the trailing 6-month period

9.95%

9.20%

+0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

13.15%

11.98%

+1.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.97%

16.24%

+0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.33%

17.23%

+4.10%

GLRA.L vs. IDWP.L - Expense Ratio Comparison

GLRA.L has a 0.40% expense ratio, which is lower than IDWP.L's 0.59% expense ratio.

Dividends

GLRA.L vs. IDWP.L - Dividend Comparison

GLRA.L has not paid dividends to shareholders, while IDWP.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018201720162015
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%
IDWP.L
iShares Developed Markets Property Yield UCITS		3.01%3.07%3.22%3.07%3.66%2.22%2.91%2.89%3.94%2.91%3.27%3.01%

Frequently Asked Questions

GLRA.L and IDWP.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GLRA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GLRA.L is cheaper with a 0.40% expense ratio, compared with 0.59% for IDWP.L.

Both ETFs track FTSE EPRA Nareit Global TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GLRA.L and 0.59% for IDWP.L.

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