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IASP.L vs. GLRA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IASP.L vs. GLRA.L

Last updated Jun 5, 2026

IASP.L (iShares Asia Property Yield UCITS ETF) and GLRA.L (SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap) are both REIT funds - IASP.L tracks the FTSE EPRA Nareit Developed Asia TR USD while GLRA.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, IASP.L returned -4.60%/yr vs 2.44%/yr for GLRA.L. A 0.54 correlation means they provide meaningful diversification when combined. IASP.L charges 0.59%/yr vs 0.40%/yr for GLRA.L.

Performance

IASP.L vs. GLRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Asia Property Yield UCITS ETF (IASP.L) and SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IASP.L is traded in GBp, while GLRA.L is traded in USD. To make them comparable, the GLRA.L 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 -7.66% return, which is significantly lower than GLRA.L's 7.40% return.

IASP.L

1D
0.16%
1M
-6.82%
YTD
-7.66%
6M
-7.06%
1Y
3.44%
3Y*
-2.88%
5Y*
-4.60%
10Y*
-0.92%

GLRA.L

1D
0.25%
1M
0.05%
YTD
7.40%
6M
5.96%
1Y
13.31%
3Y*
6.16%
5Y*
2.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IASP.L vs. GLRA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IASP.L
iShares Asia Property Yield UCITS ETF		-7.66%17.20%-11.78%-10.90%-4.90%2.59%-14.59%-2.62%
GLRA.L
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap		7.40%2.20%0.98%5.83%-16.44%31.52%-13.30%-3.09%

Correlation

The correlation between IASP.L and GLRA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.49

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

0.52

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

0.52

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

0.54

The correlation between IASP.L and GLRA.L has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.

IASP.L vs. GLRA.L - Sectors Allocation Comparison

Sectors
IASP.L
GLRA.L

Real Estate

100.0%
99.9%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.0%

Healthcare

-

-

Industrials

-

0.0%

Technology

-

-

Utilities

-

0.0%

Real Estate

IASP.L
100.0%
GLRA.L
99.9%

Basic Materials

IASP.L

-

GLRA.L

-

Communication Services

IASP.L

-

GLRA.L

-

Consumer Cyclical

IASP.L

-

GLRA.L

-

Consumer Defensive

IASP.L

-

GLRA.L

-

Energy

IASP.L

-

GLRA.L

-

Financial Services

IASP.L

-

GLRA.L
0.0%

Healthcare

IASP.L

-

GLRA.L

-

Industrials

IASP.L

-

GLRA.L
0.0%

Technology

IASP.L

-

GLRA.L

-

Utilities

IASP.L

-

GLRA.L
0.0%

Compare stocks, funds, or ETFs

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

iShares Asia Property Yield UCITS ETF

SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap

Often compared with IASP.L:
IASP.L vs. TDIV.ASIASP.L vs. REETIASP.L vs. SCHDIASP.L vs. AVUVIASP.L vs. VGTIASP.L vs. VOOIASP.L vs. AREG.L
Often compared with GLRA.L:
GLRA.L vs. VNQGLRA.L vs. VNQIGLRA.L vs. VWRA.LGLRA.L vs. EIMI.LGLRA.L vs. IWDP.LGLRA.L vs. IWDA.LGLRA.L vs. AREG.L

Return for Risk

IASP.L vs. GLRA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IASP.L
IASP.L Risk / Return Rank: 1313
Overall Rank
IASP.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
IASP.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
IASP.L Omega Ratio Rank: 1313
Omega Ratio Rank
IASP.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
IASP.L Martin Ratio Rank: 1313
Martin Ratio Rank
GLRA.L
GLRA.L Risk / Return Rank: 2828
Overall Rank
GLRA.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
GLRA.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
GLRA.L Omega Ratio Rank: 2525
Omega Ratio Rank
GLRA.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
GLRA.L Martin Ratio Rank: 3333
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.

IASP.L vs. GLRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF (IASP.L) and SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.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.

IASP.LGLRA.LDifference
Sharpe ratioReturn per unit of total volatility
0.30
1.00

-0.70

Sortino ratioReturn per unit of downside risk
0.49
1.49

-1.00

Omega ratioGain probability vs. loss probability

1.06

1.18

-0.12

Calmar ratioReturn relative to maximum drawdown

0.24

1.68

-1.44

Martin ratioReturn relative to average drawdown

0.73

5.56

-4.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IASP.L vs. GLRA.L - Sharpe Ratio Comparison

The current IASP.L Sharpe Ratio is 0.30, which is lower than the GLRA.L Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of IASP.L and GLRA.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.

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Sharpe Ratios by Period

IASP.LGLRA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

1.00

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.39

0.15

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.06

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

0.06

-0.01

Drawdowns

IASP.L vs. GLRA.L - Drawdown Comparison

The maximum IASP.L drawdown since its inception was -57.81%, which is greater than GLRA.L's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for IASP.L and GLRA.L.

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Drawdown Indicators

IASP.LGLRA.LDifference

Max Drawdown

Largest peak-to-trough decline

-57.81%

-34.16%

-23.65%

Max Drawdown (1Y)

Largest decline over 1 year

-14.22%

-7.90%

-6.32%

Max Drawdown (3Y)

Largest decline over 3 years

-18.10%

-17.29%

-0.81%

Max Drawdown (5Y)

Largest decline over 5 years

-30.75%

-28.01%

-2.74%

Max Drawdown (10Y)

Largest decline over 10 years

-41.88%

—

—

Current Drawdown

Current decline from peak

-35.67%

-4.38%

-31.29%

Average Drawdown

Average peak-to-trough decline

-19.17%

-13.04%

-6.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.69%

2.39%

+2.30%

Volatility

IASP.L vs. GLRA.L - Volatility Comparison

iShares Asia Property Yield UCITS ETF (IASP.L) and SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) have volatilities of 3.79% and 3.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IASP.LGLRA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.94%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

10.45%

-1.53%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

13.25%

-1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.82%

15.82%

-4.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.52%

20.68%

-6.16%

IASP.L vs. GLRA.L - Expense Ratio Comparison

IASP.L has a 0.59% expense ratio, which is higher than GLRA.L's 0.40% expense ratio.

Dividends

IASP.L vs. GLRA.L - Dividend Comparison

IASP.L's dividend yield for the trailing twelve months is around 0.04%, while GLRA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GLRA.L
SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IASP.L
iShares Asia Property Yield UCITS ETF		0.04%0.03%0.04%0.04%0.04%0.03%0.03%0.03%0.03%0.03%0.03%0.03%

Frequently Asked Questions

IASP.L and GLRA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GLRA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GLRA.L is cheaper with a 0.40% expense ratio, compared with 0.59% for IASP.L.

IASP.L tracks FTSE EPRA Nareit Developed Asia TR USD, while GLRA.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for IASP.L and 0.40% for GLRA.L.

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