IDAR.L vs. GLRE.L
IDAR.L (iShares Asia Property Yield UCITS ETF) and GLRE.L (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - IDAR.L tracks the iShares Asia Property Yield UCITS ETF while GLRE.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, IDAR.L returned 1.36%/yr vs 2.73%/yr for GLRE.L. A 0.63 correlation means they provide meaningful diversification when combined. IDAR.L charges 0.59%/yr vs 0.40%/yr for GLRE.L.
Performance
IDAR.L vs. GLRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDAR.L achieves a -3.46% return, which is significantly lower than GLRE.L's 11.64% return. Over the past 10 years, IDAR.L has underperformed GLRE.L with an annualized return of 1.36%, while GLRE.L has yielded a comparatively higher 2.73% annualized return.
IDAR.L
- 1D
- 0.02%
- 1M
- 0.02%
- 6M
- -5.89%
- YTD
- -3.46%
- 1Y
- 6.69%
- 3Y*
- 4.28%
- 5Y*
- -1.60%
- 10Y*
- 1.36%
GLRE.L
- 1D
- -0.03%
- 1M
- 1.18%
- 6M
- 10.69%
- YTD
- 11.64%
- 1Y
- 17.56%
- 3Y*
- 8.79%
- 5Y*
- 1.68%
- 10Y*
- 2.73%
IDAR.L vs. GLRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDAR.L iShares Asia Property Yield UCITS ETF | -3.46% | 30.42% | -10.04% | -2.19% | -12.15% | 4.47% | -8.54% | 15.87% | -2.04% | 18.26% |
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF | 11.64% | 9.96% | -0.52% | 11.22% | -25.26% | 30.62% | -10.89% | 19.83% | -7.97% | 7.91% |
Correlation
The correlation between IDAR.L and GLRE.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.63 |
The correlation between IDAR.L and GLRE.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
IDAR.L vs. GLRE.L — Risk / Return Rank
IDAR.L
GLRE.L
IDAR.L vs. GLRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Property Yield UCITS ETF (IDAR.L) and SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.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 | GLRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 1.88 | -1.47 |
| Martin ratioReturn relative to average drawdown | 0.92 | 7.03 | -6.11 |
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Drawdowns
IDAR.L vs. GLRE.L - Drawdown Comparison
The maximum IDAR.L drawdown since its inception was -67.69%, which is greater than GLRE.L's maximum drawdown of -43.26%. Use the drawdown chart below to compare losses from any high point for IDAR.L and GLRE.L.
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Drawdown Indicators
| IDAR.L | GLRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.69% | -43.26% | -24.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -9.31% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -18.30% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -28.96% | -33.83% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -39.83% | -43.26% | +3.43% |
Current DrawdownCurrent decline from peak | -11.14% | -1.22% | -9.92% |
Average DrawdownAverage peak-to-trough decline | -17.72% | -9.84% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 2.49% | +3.90% |
Volatility
IDAR.L vs. GLRE.L - Volatility Comparison
The current volatility for iShares Asia Property Yield UCITS ETF (IDAR.L) is 3.40%, while SPDR Dow Jones Global Real Estate UCITS ETF (GLRE.L) has a volatility of 4.17%. This indicates that IDAR.L experiences smaller price fluctuations and is considered to be less risky than GLRE.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 | GLRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.17% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.05% | 10.09% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 12.69% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 16.95% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 17.62% | -2.09% |
IDAR.L vs. GLRE.L - Expense Ratio Comparison
IDAR.L has a 0.59% expense ratio, which is higher than GLRE.L's 0.40% expense ratio.
Dividends
IDAR.L vs. GLRE.L - Dividend Comparison
IDAR.L's dividend yield for the trailing twelve months is around 3.66%, more than GLRE.L's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLRE.L SPDR Dow Jones Global Real Estate UCITS ETF | 2.47% | 2.72% | 2.79% | 2.62% | 2.85% | 1.82% | 2.51% | 2.61% | 1.63% | 2.10% | 2.66% | 2.15% |
IDAR.L iShares Asia Property Yield UCITS ETF | 3.66% | 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 GLRE.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLRE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLRE.L is cheaper with a 0.40% expense ratio, compared with 0.59% for IDAR.L.
IDAR.L tracks iShares Asia Property Yield UCITS ETF, while GLRE.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 GLRE.L.
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