HPRO.L vs. ^DWRTFT

Last updated Jun 5, 2026

HPRO.L (HSBC FTSE EPRA/NAREIT Developed UCITS ETF) is REIT fund tracking the FTSE EPRA Nareit Global TR USD, while ^DWRTFT (Dow Jones U.S. Select REIT Total Return Index) is an index. Over the past 10 years, HPRO.L returned 1.11%/yr vs 6.36%/yr for ^DWRTFT. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

HPRO.L vs. ^DWRTFT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) and Dow Jones U.S. Select REIT Total Return Index (^DWRTFT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HPRO.L achieves a 5.06% return, which is significantly lower than ^DWRTFT's 12.56% return. Over the past 10 years, HPRO.L has underperformed ^DWRTFT with an annualized return of 1.11%, while ^DWRTFT has yielded a comparatively higher 6.36% annualized return.

HPRO.L

• 1D: 0.03%
• 1M: -0.79%
• YTD: 5.06%
• 6M: 5.16%
• 1Y: 9.52%
• 3Y*: 2.97%
• 5Y*: -0.95%
• 10Y*: 1.11%

^DWRTFT

• 1D: 0.61%
• 1M: -0.01%
• YTD: 12.56%
• 6M: 10.26%
• 1Y: 17.07%
• 3Y*: 8.88%
• 5Y*: 5.76%
• 10Y*: 6.36%

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

HPRO.L vs. ^DWRTFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HPRO.L HSBC FTSE EPRA/NAREIT Developed UCITS ETF	5.06%	0.35%	-1.94%	1.11%	-18.31%	24.70%	-14.95%	13.99%	-3.06%	-1.31%
^DWRTFT Dow Jones U.S. Select REIT Total Return Index	12.56%	-3.71%	9.99%	8.26%	-17.16%	47.29%	-13.81%	18.42%	1.46%	-5.21%

Correlation

The correlation between HPRO.L and ^DWRTFT is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 24, 2011	0.56

The correlation between HPRO.L and ^DWRTFT has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.

Return for Risk

HPRO.L vs. ^DWRTFT — Risk / Return Rank

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

HPRO.L

HPRO.L Risk / Return Rank: 24
HPRO.L Sharpe Ratio Rank: 25
HPRO.L Sortino Ratio Rank: 24
HPRO.L Omega Ratio Rank: 24
HPRO.L Calmar Ratio Rank: 24
HPRO.L Martin Ratio Rank: 25

^DWRTFT

^DWRTFT Risk / Return Rank: 50
^DWRTFT Sharpe Ratio Rank: 48
^DWRTFT Sortino Ratio Rank: 46
^DWRTFT Omega Ratio Rank: 48
^DWRTFT Calmar Ratio Rank: 54
^DWRTFT Martin Ratio Rank: 53

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.

HPRO.L vs. ^DWRTFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) and Dow Jones U.S. Select REIT Total Return Index (^DWRTFT). 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.

	HPRO.L	^DWRTFT	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.28	-0.42
Sortino ratio: Return per unit of downside risk	1.29	1.83	-0.54
Omega ratio: Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio: Return relative to maximum drawdown	1.06	2.39	-1.33
Martin ratio: Return relative to average drawdown	3.34	6.91	-3.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPRO.L vs. ^DWRTFT - Sharpe Ratio Comparison

The current HPRO.L Sharpe Ratio is 0.87, which is lower than the ^DWRTFT Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HPRO.L and ^DWRTFT, 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

	HPRO.L	^DWRTFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.28	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.32	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.30	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.25	-0.05

Drawdowns

HPRO.L vs. ^DWRTFT - Drawdown Comparison

The maximum HPRO.L drawdown since its inception was -36.31%, smaller than the maximum ^DWRTFT drawdown of -59.68%. Use the drawdown chart below to compare losses from any high point for HPRO.L and ^DWRTFT.

Drawdown Indicators

	HPRO.L	^DWRTFT	Difference
Max Drawdown Largest peak-to-trough decline	-36.31%	-59.68%	+23.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-7.13%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-17.45%	-19.36%	+1.91%
Max Drawdown (5Y) Largest decline over 5 years	-30.68%	-28.13%	-2.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.31%	-38.32%	+2.01%
Current Drawdown Current decline from peak	-15.54%	-3.03%	-12.51%
Average Drawdown Average peak-to-trough decline	-12.03%	-11.38%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	2.46%	+0.39%

Volatility

HPRO.L vs. ^DWRTFT - Volatility Comparison

The current volatility for HSBC FTSE EPRA/NAREIT Developed UCITS ETF (HPRO.L) is 3.15%, while Dow Jones U.S. Select REIT Total Return Index (^DWRTFT) has a volatility of 3.66%. This indicates that HPRO.L experiences smaller price fluctuations and is considered to be less risky than ^DWRTFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPRO.L	^DWRTFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.66%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	9.77%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.95%	13.28%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	17.99%	-3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	21.40%	-5.81%

Frequently Asked Questions

Can I hold both HPRO.L and ^DWRTFT in my portfolio?

HPRO.L and ^DWRTFT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.