IDAR.L vs. GLRA.L
IDAR.L (iShares Asia Property Yield UCITS ETF USD (Dist)) and GLRA.L (SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap) are both REIT funds - IDAR.L tracks the FTSE EPRA Nareit Developed Asia Dividend+ NET Index in USD while GLRA.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, IDAR.L returned -1.54%/yr vs 2.22%/yr for GLRA.L. A 0.64 correlation means they provide meaningful diversification when combined. IDAR.L charges 0.59%/yr vs 0.40%/yr for GLRA.L.
Performance
IDAR.L vs. GLRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDAR.L achieves a -3.13% return, which is significantly lower than GLRA.L's 14.97% return.
IDAR.L
- 1D
- 0.41%
- 1M
- 1.56%
- 6M
- -6.40%
- YTD
- -3.13%
- 1Y
- 5.91%
- 3Y*
- 4.31%
- 5Y*
- -1.54%
- 10Y*
- 1.45%
GLRA.L
- 1D
- 1.09%
- 1M
- 5.05%
- 6M
- 11.87%
- YTD
- 14.97%
- 1Y
- 20.84%
- 3Y*
- 10.13%
- 5Y*
- 2.22%
- 10Y*
- —
IDAR.L vs. GLRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IDAR.L iShares Asia Property Yield UCITS ETF USD (Dist) | -3.13% | 30.42% | -10.04% | -2.19% | -12.15% | 4.47% | -8.54% | -0.18% |
GLRA.L SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap | 14.97% | 10.02% | -0.73% | 11.38% | -25.32% | 30.28% | -10.67% | -1.08% |
Correlation
The correlation between IDAR.L and GLRA.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.64 |
The correlation between IDAR.L and GLRA.L has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
IDAR.L vs. GLRA.L — Risk / Return Rank
IDAR.L
GLRA.L
IDAR.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 USD (Dist) (IDAR.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IDAR.L | GLRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.27 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.20 | -1.79 |
| Martin ratioReturn relative to average drawdown | 0.92 | 8.38 | -7.46 |
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Drawdowns
IDAR.L vs. GLRA.L - Drawdown Comparison
The maximum IDAR.L drawdown since its inception was -67.69%, which is greater than GLRA.L's maximum drawdown of -38.24%. Use the drawdown chart below to compare losses from any high point for IDAR.L and GLRA.L.
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Drawdown Indicators
| IDAR.L | GLRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -38.24% | -29.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -9.42% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -18.22% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -34.19% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -39.83% | — | — |
Current DrawdownCurrent decline from peak | -10.84% | 0.00% | -10.84% |
Average DrawdownAverage peak-to-trough decline | -17.72% | -14.85% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 2.48% | +3.94% |
Volatility
IDAR.L vs. GLRA.L - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF USD (Dist) (IDAR.L) is 3.00%, while SPDR® Dow Jones Global Real Estate UCITS ETF USD Cap (GLRA.L) has a volatility of 4.02%. This indicates that IDAR.L experiences smaller price fluctuations and is considered to be less risky than GLRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDAR.L | GLRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 4.02% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 10.53% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 13.37% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 17.02% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 21.18% | -5.65% |
IDAR.L vs. GLRA.L - Expense Ratio Comparison
IDAR.L has a 0.59% expense ratio, which is higher than GLRA.L's 0.40% expense ratio.
Dividends
IDAR.L vs. GLRA.L - Dividend Comparison
IDAR.L's dividend yield for the trailing twelve months is around 3.64%, while GLRA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDAR.L iShares Asia Property Yield UCITS ETF USD (Dist) | 3.64% | 3.38% | 4.23% | 3.74% | 3.74% | 3.06% | 3.22% | 2.93% | 3.42% | 2.99% | 3.10% | 3.54% |
Frequently Asked Questions
IDAR.L and GLRA.L have a correlation of 0.56, 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 IDAR.L.
IDAR.L tracks FTSE EPRA Nareit Developed Asia Dividend+ NET Index in 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 IDAR.L and 0.40% for GLRA.L.
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