PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HPRD.L vs. TRET.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HPRD.L vs. TRET.L

Last updated Jun 5, 2026

HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) and TRET.L (VanEck Global Real Estate UCITS ETF) are both REIT funds - HPRD.L tracks the FTSE EPRA Nareit Global TR USD while TRET.L tracks the GPR Global 100 Index. Both are passively managed. Over the past 5 years, HPRD.L returned 1.18%/yr vs 2.34%/yr for TRET.L. With a 0.97 correlation, they move nearly in lockstep. HPRD.L charges 0.24%/yr vs 0.25%/yr for TRET.L.

Performance

HPRD.L vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HPRD.L achieves a 6.60% return, which is significantly higher than TRET.L's 4.02% return.

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%

TRET.L

1D
0.22%
1M
-2.23%
YTD
4.02%
6M
3.83%
1Y
10.68%
3Y*
10.83%
5Y*
2.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
HPRD.L
HSBC FTSE EPRA NAREIT Developed UCITS ETF		6.60%10.90%-0.19%10.88%-24.76%26.43%-8.89%14.32%
TRET.L
VanEck Global Real Estate UCITS ETF		4.02%14.43%1.05%13.94%-25.68%29.73%-6.91%10.01%

Correlation

The correlation between HPRD.L and TRET.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.95

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

0.96

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

0.97

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

0.97

The correlation between HPRD.L and TRET.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

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

Sectors
HPRD.L
TRET.L

Real Estate

98.3%
99.9%

Technology

0.3%

-

Consumer Cyclical

0.1%
0.1%

Financial Services

0.0%
0.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Real Estate

HPRD.L
98.3%
TRET.L
99.9%

Technology

HPRD.L
0.3%
TRET.L

-

Consumer Cyclical

HPRD.L
0.1%
TRET.L
0.1%

Financial Services

HPRD.L
0.0%
TRET.L
0.0%

Basic Materials

HPRD.L

-

TRET.L

-

Communication Services

HPRD.L

-

TRET.L

-

Consumer Defensive

HPRD.L

-

TRET.L

-

Energy

HPRD.L

-

TRET.L

-

Healthcare

HPRD.L

-

TRET.L

-

Industrials

HPRD.L

-

TRET.L

-

Utilities

HPRD.L

-

TRET.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

HSBC FTSE EPRA NAREIT Developed UCITS ETF

VanEck Global Real Estate UCITS ETF

Often compared with HPRD.L:
HPRD.L vs. IWDP.ASHPRD.L vs. UKRE.LHPRD.L vs. IDVY.ASHPRD.L vs. VTHPRD.L vs. VNQHPRD.L vs. VUSA.LHPRD.L vs. VWCE.DE
Often compared with TRET.L:
TRET.L vs. DPYE.LTRET.L vs. BRNT.LTRET.L vs. DTRE.LTRET.L vs. QOZ.AXTRET.L vs. WNEW.LTRET.L vs. HPRO.LTRET.L vs. IASP.L

Return for Risk

HPRD.L vs. TRET.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: 2828
Overall Rank
HPRD.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
HPRD.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
HPRD.L Omega Ratio Rank: 2626
Omega Ratio Rank
HPRD.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
HPRD.L Martin Ratio Rank: 3030
Martin Ratio Rank
TRET.L
TRET.L Risk / Return Rank: 2424
Overall Rank
TRET.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
TRET.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
TRET.L Omega Ratio Rank: 2424
Omega Ratio Rank
TRET.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
TRET.L Martin Ratio Rank: 2626
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.

HPRD.L vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.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.LTRET.LDifference
Sharpe ratioReturn per unit of total volatility
0.99
0.86

+0.13

Sortino ratioReturn per unit of downside risk
1.50
1.31

+0.19

Omega ratioGain probability vs. loss probability

1.18

1.15

+0.02

Calmar ratioReturn relative to maximum drawdown

1.17

1.01

+0.16

Martin ratioReturn relative to average drawdown

4.33

3.55

+0.78

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. TRET.L - Sharpe Ratio Comparison

The current HPRD.L Sharpe Ratio is 0.99, which is comparable to the TRET.L Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of HPRD.L and TRET.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.

Loading charts...

Sharpe Ratios by Period

HPRD.LTRET.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.99

0.86

+0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

0.14

-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

0.22

+0.09

Drawdowns

HPRD.L vs. TRET.L - Drawdown Comparison

The maximum HPRD.L drawdown since its inception was -41.81%, roughly equal to the maximum TRET.L drawdown of -42.26%. Use the drawdown chart below to compare losses from any high point for HPRD.L and TRET.L.

Loading charts...

Drawdown Indicators

HPRD.LTRET.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.81%

-42.26%

+0.45%

Max Drawdown (1Y)

Largest decline over 1 year

-10.12%

-10.49%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-18.25%

-16.92%

-1.33%

Max Drawdown (5Y)

Largest decline over 5 years

-33.48%

-33.35%

-0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-41.81%

—

—

Current Drawdown

Current decline from peak

-3.76%

-5.89%

+2.13%

Average Drawdown

Average peak-to-trough decline

-9.43%

-11.96%

+2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

3.00%

-0.25%

Volatility

HPRD.L vs. TRET.L - Volatility Comparison

The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) is 3.69%, while VanEck Global Real Estate UCITS ETF (TRET.L) has a volatility of 3.91%. This indicates that HPRD.L experiences smaller price fluctuations and is considered to be less risky than TRET.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HPRD.LTRET.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

3.91%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

9.30%

9.60%

-0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

11.99%

12.33%

-0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.32%

16.82%

-0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

19.18%

-2.25%

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

HPRD.L has a 0.24% expense ratio, which is lower than TRET.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

HPRD.L vs. TRET.L - Dividend Comparison

HPRD.L's dividend yield for the trailing twelve months is around 3.06%, less than TRET.L's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
TRET.L
VanEck Global Real Estate UCITS ETF		3.49%3.54%3.56%3.54%4.56%1.86%4.18%0.62%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.95, HPRD.L and TRET.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.

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.

HPRD.L is cheaper with a 0.24% expense ratio, compared with 0.25% for TRET.L.

HPRD.L tracks FTSE EPRA Nareit Global TR USD, while TRET.L tracks GPR Global 100 Index. They also come from different issuers: HSBC and VanEck. Their fees differ too: 0.24% for HPRD.L and 0.25% for TRET.L.

Portfolio Optimizer

Find the right allocation for HPRD.L and TRET.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