IASP.L vs. IUSP.L

Last updated Jun 5, 2026

IASP.L (iShares Asia Property Yield UCITS ETF) and IUSP.L (iShares US Property Yield UCITS ETF) are both REIT funds from iShares - IASP.L tracks the FTSE EPRA Nareit Developed Asia TR USD while IUSP.L tracks the FTSE EPRA Nareit United States TR USD. Both are passively managed. Over the past 10 years, IASP.L returned -0.92%/yr vs 6.52%/yr for IUSP.L. At a 0.42 correlation, their price movements are largely independent. IASP.L charges 0.59%/yr vs 0.40%/yr for IUSP.L.

Performance

IASP.L vs. IUSP.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 iShares US Property Yield UCITS ETF (IUSP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IASP.L achieves a -7.66% return, which is significantly lower than IUSP.L's 13.45% return. Over the past 10 years, IASP.L has underperformed IUSP.L with an annualized return of -0.92%, while IUSP.L has yielded a comparatively higher 6.52% annualized 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%

IUSP.L

• 1D: 0.01%
• 1M: 2.07%
• YTD: 13.45%
• 6M: 13.27%
• 1Y: 16.59%
• 3Y*: 8.66%
• 5Y*: 5.55%
• 10Y*: 6.52%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IASP.L iShares Asia Property Yield UCITS ETF	-7.66%	17.20%	-11.78%	-10.90%	-4.90%	2.59%	-14.59%	8.99%	0.23%	4.41%
IUSP.L iShares US Property Yield UCITS ETF	13.45%	-3.93%	7.50%	7.68%	-14.52%	44.90%	-13.29%	18.62%	2.32%	-4.08%

Correlation

The correlation between IASP.L and IUSP.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.42

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

Sectors	IASP.L	IUSP.L
Real Estate	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IASP.L vs. IUSP.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: 13
IASP.L Sharpe Ratio Rank: 14
IASP.L Sortino Ratio Rank: 13
IASP.L Omega Ratio Rank: 13
IASP.L Calmar Ratio Rank: 12
IASP.L Martin Ratio Rank: 13

IUSP.L

IUSP.L Risk / Return Rank: 41
IUSP.L Sharpe Ratio Rank: 38
IUSP.L Sortino Ratio Rank: 37
IUSP.L Omega Ratio Rank: 36
IUSP.L Calmar Ratio Rank: 53
IUSP.L Martin Ratio Rank: 39

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. IUSP.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 iShares US Property Yield UCITS ETF (IUSP.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.L	IUSP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.31	-1.01
Sortino ratio: Return per unit of downside risk	0.49	1.89	-1.40
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.24	2.59	-2.35
Martin ratio: Return relative to average drawdown	0.73	6.00	-5.27
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. IUSP.L - Sharpe Ratio Comparison

The current IASP.L Sharpe Ratio is 0.30, which is lower than the IUSP.L Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of IASP.L and IUSP.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

	IASP.L	IUSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	1.31	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	0.33	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.33	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.34	-0.29

Drawdowns

IASP.L vs. IUSP.L - Drawdown Comparison

The maximum IASP.L drawdown since its inception was -57.81%, smaller than the maximum IUSP.L drawdown of -62.68%. Use the drawdown chart below to compare losses from any high point for IASP.L and IUSP.L.

Drawdown Indicators

	IASP.L	IUSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.81%	-62.68%	+4.87%
Max Drawdown (1Y) Largest decline over 1 year	-14.22%	-6.38%	-7.84%
Max Drawdown (3Y) Largest decline over 3 years	-18.10%	-20.65%	+2.55%
Max Drawdown (5Y) Largest decline over 5 years	-30.75%	-26.86%	-3.89%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	-38.97%	-2.91%
Current Drawdown Current decline from peak	-35.67%	-2.07%	-33.60%
Average Drawdown Average peak-to-trough decline	-19.17%	-11.16%	-8.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	2.76%	+1.93%

Volatility

IASP.L vs. IUSP.L - Volatility Comparison

iShares Asia Property Yield UCITS ETF (IASP.L) has a higher volatility of 3.79% compared to iShares US Property Yield UCITS ETF (IUSP.L) at 3.53%. This indicates that IASP.L's price experiences larger fluctuations and is considered to be riskier than IUSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IASP.L	IUSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	3.53%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	9.40%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	12.59%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	16.64%	-4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	19.44%	-4.92%

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

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

Dividends

IASP.L vs. IUSP.L - Dividend Comparison

IASP.L's dividend yield for the trailing twelve months is around 0.04%, less than IUSP.L's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IUSP.L iShares US Property Yield UCITS ETF	4.01%	4.31%	3.87%	4.00%	4.62%	2.87%	4.40%	4.08%	5.87%	4.28%	4.37%	4.42%

Frequently Asked Questions

Can I hold both IASP.L and IUSP.L in my portfolio?

IASP.L and IUSP.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IASP.L or IUSP.L?

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

Which ETF is cheaper, IASP.L or IUSP.L?

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

What is the main difference between IASP.L and IUSP.L?

IASP.L tracks FTSE EPRA Nareit Developed Asia TR USD, while IUSP.L tracks FTSE EPRA Nareit United States TR USD. Their fees differ too: 0.59% for IASP.L and 0.40% for IUSP.L.