HPRD.L vs. DTRE.L

Last updated Jun 5, 2026

HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) and DTRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist) are both REIT funds tracking the FTSE EPRA Nareit Global TR USD, from HSBC and First Trust respectively. Both are passively managed. Over the past 3 years, HPRD.L returned 9.23%/yr vs 4.12%/yr for DTRE.L. Their correlation of 0.85 suggests significant overlap in exposure. HPRD.L charges 0.24%/yr vs 0.60%/yr for DTRE.L.

Performance

HPRD.L vs. DTRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HPRD.L is traded in USD, while DTRE.L is traded in GBp. To make them comparable, the DTRE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with HPRD.L having a 6.60% return and DTRE.L slightly lower at 6.59%.

HPRD.L

• 1D: 0.13%
• 1M: -1.76%
• YTD: 6.60%
• 6M: 7.06%
• 1Y: 11.93%
• 3Y*: 9.23%
• 5Y*: 1.18%
• 10Y*: 3.52%

DTRE.L

• 1D: 0.27%
• 1M: 0.83%
• YTD: 6.59%
• 6M: 8.58%
• 1Y: 8.80%
• 3Y*: 4.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPRD.L vs. DTRE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF	6.60%	10.90%	-0.19%	10.88%	-22.33%
DTRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist	6.59%	7.73%	-11.00%	12.84%	-25.10%

Correlation

The correlation between HPRD.L and DTRE.L is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022	0.85

The correlation between HPRD.L and DTRE.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

HPRD.L vs. DTRE.L - Sectors Allocation Comparison

Sectors	HPRD.L	DTRE.L
Real Estate	98.3%	100.0%
Technology	0.3%	-
Consumer Cyclical	0.1%	-
Financial Services	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Utilities	-	-

Return for Risk

HPRD.L vs. DTRE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPRD.L

HPRD.L Risk / Return Rank: 28
HPRD.L Sharpe Ratio Rank: 28
HPRD.L Sortino Ratio Rank: 28
HPRD.L Omega Ratio Rank: 26
HPRD.L Calmar Ratio Rank: 25
HPRD.L Martin Ratio Rank: 30

DTRE.L

DTRE.L Risk / Return Rank: 24
DTRE.L Sharpe Ratio Rank: 23
DTRE.L Sortino Ratio Rank: 23
DTRE.L Omega Ratio Rank: 22
DTRE.L Calmar Ratio Rank: 26
DTRE.L Martin Ratio Rank: 26

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.

HPRD.L vs. DTRE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) and First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.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.

	HPRD.L	DTRE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.99	0.66	+0.33
Sortino ratio: Return per unit of downside risk	1.50	1.05	+0.45
Omega ratio: Gain probability vs. loss probability	1.18	1.12	+0.06
Calmar ratio: Return relative to maximum drawdown	1.17	0.89	+0.28
Martin ratio: Return relative to average drawdown	4.33	2.86	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPRD.L vs. DTRE.L - Sharpe Ratio Comparison

The current HPRD.L Sharpe Ratio is 0.99, which is higher than the DTRE.L Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of HPRD.L and DTRE.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.

Sharpe Ratios by Period

	HPRD.L	DTRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.66	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.19	+0.50

Drawdowns

HPRD.L vs. DTRE.L - Drawdown Comparison

The maximum HPRD.L drawdown since its inception was -41.81%, which is greater than DTRE.L's maximum drawdown of -35.46%. Use the drawdown chart below to compare losses from any high point for HPRD.L and DTRE.L.

Drawdown Indicators

	HPRD.L	DTRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.81%	-35.46%	-6.35%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	-9.80%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-20.93%	+2.68%
Max Drawdown (5Y) Largest decline over 5 years	-33.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.81%	—	—
Current Drawdown Current decline from peak	-3.76%	-15.29%	+11.53%
Average Drawdown Average peak-to-trough decline	-9.43%	-21.80%	+12.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	3.07%	-0.32%

Volatility

HPRD.L vs. DTRE.L - Volatility Comparison

The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) is 3.69%, while First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.L) has a volatility of 4.44%. This indicates that HPRD.L experiences smaller price fluctuations and is considered to be less risky than DTRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPRD.L	DTRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	4.44%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	9.76%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	13.29%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	18.11%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	18.11%	-1.18%

HPRD.L vs. DTRE.L - Expense Ratio Comparison

HPRD.L has a 0.24% expense ratio, which is lower than DTRE.L's 0.60% expense ratio.

Dividends

HPRD.L vs. DTRE.L - Dividend Comparison

HPRD.L's dividend yield for the trailing twelve months is around 3.06%, more than DTRE.L's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist	2.61%	2.74%	2.42%	2.20%	1.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF	3.06%	3.17%	3.39%	3.35%	3.53%	2.30%	2.88%	2.96%	3.43%	2.89%	3.13%	2.72%

Frequently Asked Questions

Can I hold both HPRD.L and DTRE.L in my portfolio?

HPRD.L and DTRE.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HPRD.L or DTRE.L?

On fees, HPRD.L is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HPRD.L or DTRE.L?

HPRD.L is cheaper with a 0.24% expense ratio, compared with 0.60% for DTRE.L.

What is the main difference between HPRD.L and DTRE.L?

Both ETFs track FTSE EPRA Nareit Global TR USD. They also come from different issuers: HSBC and First Trust. Their fees differ too: 0.24% for HPRD.L and 0.60% for DTRE.L.