PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IBZL.L vs. IPRP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBZL.L vs. IPRP.L

Last updated Jun 5, 2026

IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) and IPRP.L (iShares European Property Yield UCITS ETF) are both exchange-traded funds - IBZL.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR. Both are passively managed. Over the past 10 years, IBZL.L returned 9.70%/yr vs 1.98%/yr for IPRP.L. At a 0.38 correlation, their price movements are largely independent. IBZL.L charges 0.74%/yr vs 0.40%/yr for IPRP.L.

Performance

IBZL.L vs. IPRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares European Property Yield UCITS ETF (IPRP.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IBZL.L achieves a 10.16% return, which is significantly higher than IPRP.L's -0.45% return. Over the past 10 years, IBZL.L has outperformed IPRP.L with an annualized return of 9.70%, while IPRP.L has yielded a comparatively lower 1.98% annualized return.

IBZL.L

1D
0.18%
1M
-12.01%
YTD
10.16%
6M
3.73%
1Y
36.12%
3Y*
9.39%
5Y*
8.43%
10Y*
9.70%

IPRP.L

1D
0.61%
1M
-1.16%
YTD
-0.45%
6M
0.27%
1Y
1.71%
3Y*
11.51%
5Y*
-3.55%
10Y*
1.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBZL.L vs. IPRP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IBZL.L
iShares MSCI Brazil UCITS ETF (Dist)		10.16%38.28%-26.04%25.61%32.04%-19.06%-16.73%15.40%3.61%14.78%
IPRP.L
iShares European Property Yield UCITS ETF		-0.45%14.18%-4.49%16.04%-33.34%2.23%-3.56%18.93%-4.97%19.62%

Correlation

The correlation between IBZL.L and IPRP.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.22

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

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Nov 22, 2005

0.38

The correlation between IBZL.L and IPRP.L shifts across timeframes, from 0.21 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

IBZL.L vs. IPRP.L - Sectors Allocation Comparison

Sectors
IBZL.L
IPRP.L

Financial Services

33.2%

-

Energy

18.9%

-

Basic Materials

13.7%

-

Utilities

12.7%

-

Industrials

10.8%

-

Consumer Defensive

4.2%

-

Healthcare

2.2%

-

Communication Services

2.0%

-

Consumer Cyclical

1.3%

-

Technology

1.1%

-

Real Estate

-

100.0%

Financial Services

IBZL.L
33.2%
IPRP.L

-

Energy

IBZL.L
18.9%
IPRP.L

-

Basic Materials

IBZL.L
13.7%
IPRP.L

-

Utilities

IBZL.L
12.7%
IPRP.L

-

Industrials

IBZL.L
10.8%
IPRP.L

-

Consumer Defensive

IBZL.L
4.2%
IPRP.L

-

Healthcare

IBZL.L
2.2%
IPRP.L

-

Communication Services

IBZL.L
2.0%
IPRP.L

-

Consumer Cyclical

IBZL.L
1.3%
IPRP.L

-

Technology

IBZL.L
1.1%
IPRP.L

-

Real Estate

IBZL.L

-

IPRP.L
100.0%

Compare stocks, funds, or ETFs

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

iShares MSCI Brazil UCITS ETF (Dist)

iShares European Property Yield UCITS ETF

Often compared with IBZL.L:
IBZL.L vs. EWZIBZL.L vs. EWOIBZL.L vs. SP2D.DEIBZL.L vs. VOOIBZL.L vs. pbrIBZL.L vs. ACWIIBZL.L vs. IJPH.L
Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS

Return for Risk

IBZL.L vs. IPRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBZL.L
IBZL.L Risk / Return Rank: 4747
Overall Rank
IBZL.L Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IBZL.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
IBZL.L Omega Ratio Rank: 4747
Omega Ratio Rank
IBZL.L Calmar Ratio Rank: 4545
Calmar Ratio Rank
IBZL.L Martin Ratio Rank: 4545
Martin Ratio Rank
IPRP.L
IPRP.L Risk / Return Rank: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
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.

IBZL.L vs. IPRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) and iShares European Property Yield UCITS ETF (IPRP.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.

IBZL.LIPRP.LDifference
Sharpe ratioReturn per unit of total volatility
1.69
0.11

+1.58

Sortino ratioReturn per unit of downside risk
2.30
0.27

+2.03

Omega ratioGain probability vs. loss probability

1.29

1.03

+0.26

Calmar ratioReturn relative to maximum drawdown

2.17

0.11

+2.06

Martin ratioReturn relative to average drawdown

7.39

0.29

+7.10

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

IBZL.L vs. IPRP.L - Sharpe Ratio Comparison

The current IBZL.L Sharpe Ratio is 1.69, which is higher than the IPRP.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of IBZL.L and IPRP.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

IBZL.LIPRP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.69

0.11

+1.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

-0.16

+0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

0.10

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.22

-0.02

Drawdowns

IBZL.L vs. IPRP.L - Drawdown Comparison

The maximum IBZL.L drawdown since its inception was -69.44%, which is greater than IPRP.L's maximum drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for IBZL.L and IPRP.L.

Loading charts...

Drawdown Indicators

IBZL.LIPRP.LDifference

Max Drawdown

Largest peak-to-trough decline

-69.44%

-59.70%

-9.74%

Max Drawdown (1Y)

Largest decline over 1 year

-16.58%

-16.11%

-0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-27.68%

-16.11%

-11.57%

Max Drawdown (5Y)

Largest decline over 5 years

-28.21%

-48.44%

+20.23%

Max Drawdown (10Y)

Largest decline over 10 years

-51.77%

-48.44%

-3.33%

Current Drawdown

Current decline from peak

-16.43%

-22.85%

+6.42%

Average Drawdown

Average peak-to-trough decline

-21.85%

-14.69%

-7.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.87%

5.93%

-1.06%

Volatility

IBZL.L vs. IPRP.L - Volatility Comparison

iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) has a higher volatility of 5.42% compared to iShares European Property Yield UCITS ETF (IPRP.L) at 4.48%. This indicates that IBZL.L's price experiences larger fluctuations and is considered to be riskier than IPRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IBZL.LIPRP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.42%

4.48%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

17.53%

13.02%

+4.51%

Volatility (1Y)

Calculated over the trailing 1-year period

21.29%

15.13%

+6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.40%

21.51%

+4.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.47%

19.32%

+12.15%

IBZL.L vs. IPRP.L - Expense Ratio Comparison

IBZL.L has a 0.74% expense ratio, which is higher than IPRP.L's 0.40% expense ratio.

Dividends

IBZL.L vs. IPRP.L - Dividend Comparison

IBZL.L's dividend yield for the trailing twelve months is around 5.82%, more than IPRP.L's 3.34% yield.

PositionTTM20252024202320222021202020192018201720162015
IBZL.L
iShares MSCI Brazil UCITS ETF (Dist)		5.82%5.74%8.31%6.83%16.49%8.64%2.44%3.28%3.31%1.86%2.24%5.42%
IPRP.L
iShares European Property Yield UCITS ETF		3.34%3.32%3.30%3.05%4.90%2.47%2.96%3.46%3.70%3.20%3.07%3.60%

Frequently Asked Questions

IBZL.L and IPRP.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IPRP.L is cheaper with a 0.40% expense ratio, compared with 0.74% for IBZL.L.

IBZL.L is categorized as Latin America Equities, while IPRP.L is REIT. IBZL.L tracks MSCI Brazil NR USD, while IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR. Their fees differ too: 0.74% for IBZL.L and 0.40% for IPRP.L.

Portfolio Optimizer

Find the right allocation for IBZL.L and IPRP.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