GLRE.L vs. IPRP.L
Compare and contrast key facts about SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) and iShares European Property Yield UCITS ETF (IPRP.L).
GLRE.L and IPRP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLRE.L is a passively managed fund by State Street that tracks the performance of the FTSE EPRA Nareit Global TR USD. It was launched on Oct 23, 2012. IPRP.L is a passively managed fund by iShares that tracks the performance of the FTSE EPRA Nareit Developed Europe TR EUR. It was launched on Nov 4, 2005. Both GLRE.L and IPRP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLRE.L or IPRP.L.
Key characteristics
| GLRE.L | IPRP.L | |
|---|---|---|
| YTD Return | 4.49% | -3.38% |
| 1Y Return | 23.90% | 15.22% |
| 3Y Return (Ann) | -3.53% | -10.50% |
| 5Y Return (Ann) | 0.40% | -5.50% |
| 10Y Return (Ann) | 2.74% | 3.48% |
| Sharpe Ratio | 1.20 | 0.46 |
| Sortino Ratio | 1.82 | 0.79 |
| Omega Ratio | 1.23 | 1.09 |
| Calmar Ratio | 0.65 | 0.22 |
| Martin Ratio | 4.07 | 1.35 |
| Ulcer Index | 4.32% | 6.22% |
| Daily Std Dev | 15.53% | 19.21% |
| Max Drawdown | -43.26% | -59.70% |
| Current Drawdown | -13.55% | -31.34% |
Correlation
The correlation between GLRE.L and IPRP.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GLRE.L vs. IPRP.L - Performance Comparison
In the year-to-date period, GLRE.L achieves a 4.49% return, which is significantly higher than IPRP.L's -3.38% return. Over the past 10 years, GLRE.L has underperformed IPRP.L with an annualized return of 2.74%, while IPRP.L has yielded a comparatively higher 3.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLRE.L vs. IPRP.L - Expense Ratio Comparison
Both GLRE.L and IPRP.L have an expense ratio of 0.40%.
Risk-Adjusted Performance
GLRE.L vs. IPRP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) and iShares European Property Yield UCITS ETF (IPRP.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.
Dividends
GLRE.L vs. IPRP.L - Dividend Comparison
GLRE.L's dividend yield for the trailing twelve months is around 2.65%, less than IPRP.L's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF | 2.65% | 2.62% | 2.85% | 1.82% | 2.51% | 3.16% | 3.54% | 3.86% | 2.66% | 2.15% | 2.27% | 2.55% |
IPRP.L iShares European Property Yield UCITS ETF | 2.90% | 2.62% | 4.20% | 2.11% | 2.68% | 3.07% | 3.24% | 2.81% | 2.49% | 2.59% | 3.03% | 3.11% |
Drawdowns
GLRE.L vs. IPRP.L - Drawdown Comparison
The maximum GLRE.L drawdown since its inception was -43.26%, smaller than the maximum IPRP.L drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for GLRE.L and IPRP.L. For additional features, visit the drawdowns tool.
Volatility
GLRE.L vs. IPRP.L - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) is 4.17%, while iShares European Property Yield UCITS ETF (IPRP.L) has a volatility of 5.59%. This indicates that GLRE.L experiences smaller price fluctuations and is considered to be less risky than IPRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.