IDUP.L vs. HPRD.L
IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) and HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) are both REIT funds - IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist) while HPRD.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 2.58%/yr for HPRD.L. Their correlation of 0.88 suggests significant overlap in exposure. IDUP.L charges 0.40%/yr vs 0.24%/yr for HPRD.L.
Performance
IDUP.L vs. HPRD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDUP.L achieves a 16.04% return, which is significantly higher than HPRD.L's 10.56% return. Over the past 10 years, IDUP.L has outperformed HPRD.L with an annualized return of 4.11%, while HPRD.L has yielded a comparatively lower 2.58% 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%
HPRD.L
- 1D
- 0.08%
- 1M
- 0.62%
- 6M
- 8.68%
- YTD
- 10.56%
- 1Y
- 15.54%
- 3Y*
- 9.04%
- 5Y*
- 1.43%
- 10Y*
- 2.58%
IDUP.L vs. HPRD.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% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 10.56% | 10.91% | -0.18% | 10.87% | -24.75% | 26.42% | -8.90% | 20.07% | -8.44% | 8.28% |
Correlation
The correlation between IDUP.L and HPRD.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.88 |
The correlation between IDUP.L and HPRD.L has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
IDUP.L vs. HPRD.L — Risk / Return Rank
IDUP.L
HPRD.L
IDUP.L vs. HPRD.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 HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.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 | HPRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.53 | +0.95 |
| Martin ratioReturn relative to average drawdown | 6.81 | 5.55 | +1.26 |
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Drawdowns
IDUP.L vs. HPRD.L - Drawdown Comparison
The maximum IDUP.L drawdown since its inception was -75.24%, which is greater than HPRD.L's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for IDUP.L and HPRD.L.
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Drawdown Indicators
| IDUP.L | HPRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.24% | -41.80% | -33.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -10.11% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -18.26% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -33.48% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -41.80% | -3.82% |
Current DrawdownCurrent decline from peak | -1.41% | -0.85% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -9.88% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.79% | -0.09% |
Volatility
IDUP.L vs. HPRD.L - Volatility Comparison
iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a higher volatility of 3.92% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) at 3.50%. This indicates that IDUP.L's price experiences larger fluctuations and is considered to be riskier than HPRD.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 | HPRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.50% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 9.88% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 12.14% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 16.35% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 16.90% | +3.45% |
IDUP.L vs. HPRD.L - Expense Ratio Comparison
IDUP.L has a 0.40% expense ratio, which is higher than HPRD.L's 0.24% expense ratio.
Dividends
IDUP.L vs. HPRD.L - Dividend Comparison
IDUP.L's dividend yield for the trailing twelve months is around 2.90%, less than HPRD.L's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 2.95% | 3.17% | 3.39% | 3.35% | 3.53% | 2.30% | 2.88% | 2.28% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.92, IDUP.L and HPRD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HPRD.L is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPRD.L is cheaper with a 0.24% expense ratio, compared with 0.40% for IDUP.L.
IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist), while HPRD.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for IDUP.L and 0.24% for HPRD.L.
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