IDUP.L vs. GBRE.L
IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) and GBRE.L (SPDR® Dow Jones Global Real Estate UCITS ETF) are both REIT funds - IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist) while GBRE.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, IDUP.L returned 4.11%/yr vs 2.83%/yr for GBRE.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
IDUP.L vs. GBRE.L - Performance Comparison
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Different Trading Currencies
IDUP.L is traded in USD, while GBRE.L is traded in GBP. To make them comparable, the GBRE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDUP.L achieves a 16.04% return, which is significantly higher than GBRE.L's 12.05% return. Over the past 10 years, IDUP.L has outperformed GBRE.L with an annualized return of 4.11%, while GBRE.L has yielded a comparatively lower 2.83% annualized return.
IDUP.L
- 1D
- 0.00%
- 1M
- -0.06%
- 6M
- 14.44%
- YTD
- 16.04%
- 1Y
- 18.31%
- 3Y*
- 9.47%
- 5Y*
- 3.24%
- 10Y*
- 4.11%
GBRE.L
- 1D
- 0.55%
- 1M
- 1.82%
- 6M
- 10.95%
- YTD
- 12.05%
- 1Y
- 18.09%
- 3Y*
- 9.03%
- 5Y*
- 1.83%
- 10Y*
- 2.83%
IDUP.L vs. GBRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 16.04% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | 21.39% | -4.82% | 4.35% |
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 12.05% | 10.41% | -0.69% | 10.76% | -25.23% | 30.91% | -11.18% | 20.72% | -8.21% | 7.63% |
Correlation
The correlation between IDUP.L and GBRE.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | 0.87 |
The correlation between IDUP.L and GBRE.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
IDUP.L vs. GBRE.L — Risk / Return Rank
IDUP.L
GBRE.L
IDUP.L vs. GBRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) and SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.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.
| IDUP.L | GBRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.86 | +0.62 |
| Martin ratioReturn relative to average drawdown | 6.81 | 7.13 | -0.32 |
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Drawdowns
IDUP.L vs. GBRE.L - Drawdown Comparison
The maximum IDUP.L drawdown since its inception was -75.24%, which is greater than GBRE.L's maximum drawdown of -42.02%. Use the drawdown chart below to compare losses from any high point for IDUP.L and GBRE.L.
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Drawdown Indicators
| IDUP.L | GBRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.24% | -42.02% | -33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -9.68% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -18.01% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -33.69% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -41.94% | -3.68% |
Current DrawdownCurrent decline from peak | -1.41% | -0.59% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -18.00% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.53% | +0.17% |
Volatility
IDUP.L vs. GBRE.L - Volatility Comparison
iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a higher volatility of 3.92% compared to SPDR® Dow Jones Global Real Estate UCITS ETF (GBRE.L) at 3.51%. This indicates that IDUP.L's price experiences larger fluctuations and is considered to be riskier than GBRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDUP.L | GBRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.51% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 9.31% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 11.74% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 16.45% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 17.36% | +2.99% |
IDUP.L vs. GBRE.L - Expense Ratio Comparison
Both IDUP.L and GBRE.L have an expense ratio of 0.40%.
Dividends
IDUP.L vs. GBRE.L - Dividend Comparison
IDUP.L's dividend yield for the trailing twelve months is around 2.90%, more than GBRE.L's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBRE.L SPDR® Dow Jones Global Real Estate UCITS ETF | 2.48% | 2.74% | 2.73% | 2.66% | 2.85% | 1.79% | 2.76% | 2.69% | 1.54% | 2.20% | 2.40% | 2.09% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.90% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
Frequently Asked Questions
IDUP.L and GBRE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IDUP.L and GBRE.L have the same expense ratio: 0.40% per year.
IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist), while GBRE.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and State Street.
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