GLRE.L vs. IDUP.L
GLRE.L (SPDR Dow Jones Global Real Estate UCITS ETF) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - GLRE.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, GLRE.L returned 2.73%/yr vs 4.11%/yr for IDUP.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
GLRE.L vs. IDUP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLRE.L achieves a 11.64% return, which is significantly lower than IDUP.L's 16.04% return. Over the past 10 years, GLRE.L has underperformed IDUP.L with an annualized return of 2.73%, while IDUP.L has yielded a comparatively higher 4.11% annualized return.
GLRE.L
- 1D
- -0.03%
- 1M
- 1.18%
- 6M
- 10.69%
- YTD
- 11.64%
- 1Y
- 17.56%
- 3Y*
- 8.79%
- 5Y*
- 1.68%
- 10Y*
- 2.73%
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%
GLRE.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF | 11.64% | 9.96% | -0.52% | 11.22% | -25.26% | 30.62% | -10.89% | 19.83% | -7.97% | 7.91% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 16.04% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | 21.39% | -4.82% | 4.35% |
Correlation
The correlation between GLRE.L and IDUP.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.92 |
The correlation between GLRE.L and IDUP.L has been stable across timeframes, ranging from 0.91 to 0.95 - 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
GLRE.L vs. IDUP.L — Risk / Return Rank
GLRE.L
IDUP.L
GLRE.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 (GLRE.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.
| GLRE.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.48 | -0.61 |
| Martin ratioReturn relative to average drawdown | 7.03 | 6.81 | +0.22 |
Loading charts...
Drawdowns
GLRE.L vs. IDUP.L - Drawdown Comparison
The maximum GLRE.L drawdown since its inception was -43.26%, smaller than the maximum IDUP.L drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for GLRE.L and IDUP.L.
Loading charts...
Drawdown Indicators
| GLRE.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.26% | -75.24% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.31% | -7.41% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -20.33% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.83% | -33.70% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -43.26% | -45.62% | +2.36% |
Current DrawdownCurrent decline from peak | -1.22% | -1.41% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -15.31% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.70% | -0.21% |
Volatility
GLRE.L vs. IDUP.L - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) has a higher volatility of 4.17% compared to iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) at 3.92%. This indicates that GLRE.L's price experiences larger fluctuations and is considered to be riskier than IDUP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLRE.L | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.92% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 9.76% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 12.96% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 18.37% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 20.35% | -2.73% |
GLRE.L vs. IDUP.L - Expense Ratio Comparison
Both GLRE.L and IDUP.L have an expense ratio of 0.40%.
Dividends
GLRE.L vs. IDUP.L - Dividend Comparison
GLRE.L's dividend yield for the trailing twelve months is around 2.47%, less than IDUP.L's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF | 2.47% | 2.72% | 2.79% | 2.62% | 2.85% | 1.82% | 2.51% | 2.61% | 1.63% | 2.10% | 2.66% | 2.15% |
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
With a correlation of 0.91, GLRE.L and IDUP.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.
GLRE.L and IDUP.L have the same expense ratio: 0.40% per year.
GLRE.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 GLRE.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