IASP.L vs. BISAX
IASP.L (iShares Asia Property Yield UCITS ETF) and BISAX (Brandes International Small Cap Equity Fund) are both funds - IASP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Asia TR USD, while BISAX is a Foreign Small & Mid Cap Equities fund managed by Brandes. Over the past 10 years, IASP.L returned 2.46%/yr vs 11.27%/yr for BISAX. At a 0.49 correlation, their price movements are largely independent. IASP.L charges 0.59%/yr vs 1.36%/yr for BISAX.
Performance
IASP.L vs. BISAX - Performance Comparison
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Different Trading Currencies
IASP.L is traded in GBp, while BISAX is traded in USD. To make them comparable, the BISAX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IASP.L achieves a -6.42% return, which is significantly lower than BISAX's -0.70% return. Over the past 10 years, IASP.L has underperformed BISAX with an annualized return of 2.46%, while BISAX has yielded a comparatively higher 11.27% annualized return.
IASP.L
- 1D
- 0.41%
- 1M
- -5.73%
- YTD
- -6.42%
- 6M
- -5.32%
- 1Y
- 6.00%
- 3Y*
- 1.02%
- 5Y*
- -1.54%
- 10Y*
- 2.46%
BISAX
- 1D
- -0.58%
- 1M
- -2.78%
- YTD
- -0.70%
- 6M
- 0.58%
- 1Y
- 11.79%
- 3Y*
- 25.10%
- 5Y*
- 17.74%
- 10Y*
- 11.27%
IASP.L vs. BISAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IASP.L iShares Asia Property Yield UCITS ETF | -6.42% | 21.55% | -8.28% | -7.53% | -1.49% | 5.66% | -11.71% | 12.30% | 3.64% | 7.73% |
BISAX Brandes International Small Cap Equity Fund | -0.70% | 35.13% | 25.33% | 32.08% | 2.17% | 19.51% | 1.55% | 2.73% | -15.39% | 1.88% |
Correlation
The correlation between IASP.L and BISAX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.49 |
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Return for Risk
IASP.L vs. BISAX — Risk / Return Rank
IASP.L
BISAX
IASP.L vs. BISAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF (IASP.L) and Brandes International Small Cap Equity Fund (BISAX). 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.
| IASP.L | BISAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.17 | -0.78 |
| Martin ratioReturn relative to average drawdown | 1.17 | 3.31 | -2.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IASP.L | BISAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.19 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 1.61 | -1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.90 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.01 | -0.98 |
Drawdowns
IASP.L vs. BISAX - Drawdown Comparison
The maximum IASP.L drawdown since its inception was -74.24%, which is greater than BISAX's maximum drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for IASP.L and BISAX.
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Drawdown Indicators
| IASP.L | BISAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.24% | -38.93% | -35.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -10.73% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | -10.73% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.02% | -15.48% | -6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.82% | -38.93% | +3.11% |
Current DrawdownCurrent decline from peak | -18.33% | -8.84% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -6.20% | -19.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 3.78% | +0.88% |
Volatility
IASP.L vs. BISAX - Volatility Comparison
iShares Asia Property Yield UCITS ETF (IASP.L) has a higher volatility of 3.28% compared to Brandes International Small Cap Equity Fund (BISAX) at 2.57%. This indicates that IASP.L's price experiences larger fluctuations and is considered to be riskier than BISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IASP.L | BISAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.57% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 8.61% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 10.61% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.68% | 11.06% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 12.53% | +1.89% |
IASP.L vs. BISAX - Expense Ratio Comparison
IASP.L has a 0.59% expense ratio, which is lower than BISAX's 1.36% expense ratio.
Dividends
IASP.L vs. BISAX - Dividend Comparison
IASP.L's dividend yield for the trailing twelve months is around 3.77%, more than BISAX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISAX Brandes International Small Cap Equity Fund | 3.28% | 3.23% | 3.06% | 2.81% | 3.87% | 3.46% | 0.81% | 0.66% | 3.88% | 8.33% | 4.00% | 3.44% |
IASP.L iShares Asia Property Yield UCITS ETF | 3.77% | 3.45% | 4.16% | 3.84% | 3.63% | 3.00% | 3.42% | 3.07% | 3.30% | 3.13% | 2.82% | 3.43% |
Frequently Asked Questions
IASP.L and BISAX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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