IDUP.L vs. TREG.L
IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) and TREG.L (VanEck Global Real Estate UCITS ETF) are both REIT funds - IDUP.L tracks the FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD) while TREG.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, IDUP.L returned 4.41%/yr vs 2.40%/yr for TREG.L. A 0.68 correlation means they provide meaningful diversification when combined. IDUP.L charges 0.40%/yr vs 0.25%/yr for TREG.L.
Performance
IDUP.L vs. TREG.L - Performance Comparison
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Different Trading Currencies
IDUP.L is traded in USD, while TREG.L is traded in GBP. To make them comparable, the TREG.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 19.54% return, which is significantly higher than TREG.L's 12.73% return. Over the past 10 years, IDUP.L has outperformed TREG.L with an annualized return of 4.41%, while TREG.L has yielded a comparatively lower 2.40% annualized return.
IDUP.L
- 1D
- 0.88%
- 1M
- 4.01%
- 6M
- 15.63%
- YTD
- 19.54%
- 1Y
- 21.72%
- 3Y*
- 11.00%
- 5Y*
- 3.85%
- 10Y*
- 4.41%
TREG.L
- 1D
- 1.09%
- 1M
- 6.50%
- 6M
- 9.93%
- YTD
- 12.73%
- 1Y
- 19.25%
- 3Y*
- 12.32%
- 5Y*
- 3.39%
- 10Y*
- 2.40%
IDUP.L vs. TREG.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) | 19.54% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | 21.39% | -4.82% | 4.35% |
TREG.L VanEck Global Real Estate UCITS ETF | 12.73% | 14.68% | 1.06% | 13.30% | -25.65% | 30.14% | -7.29% | 7.67% | -5.85% | 5.00% |
Correlation
The correlation between IDUP.L and TREG.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.68 |
The correlation between IDUP.L and TREG.L shifts across timeframes, from 0.68 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDUP.L vs. TREG.L — Risk / Return Rank
IDUP.L
TREG.L
IDUP.L vs. TREG.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 VanEck Global Real Estate UCITS ETF (TREG.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 | TREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.75 | +1.16 |
| Martin ratioReturn relative to average drawdown | 8.01 | 5.96 | +2.06 |
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Drawdowns
IDUP.L vs. TREG.L - Drawdown Comparison
The maximum IDUP.L drawdown since its inception was -75.24%, which is greater than TREG.L's maximum drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for IDUP.L and TREG.L.
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Drawdown Indicators
| IDUP.L | TREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.24% | -52.53% | -22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -10.92% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -17.05% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -33.44% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -43.09% | -2.53% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -16.85% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.22% | -0.52% |
Volatility
IDUP.L vs. TREG.L - Volatility Comparison
iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a higher volatility of 4.33% compared to VanEck Global Real Estate UCITS ETF (TREG.L) at 3.43%. This indicates that IDUP.L's price experiences larger fluctuations and is considered to be riskier than TREG.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 | TREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 3.43% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 10.27% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 12.53% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 16.75% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 18.15% | +2.21% |
IDUP.L vs. TREG.L - Expense Ratio Comparison
IDUP.L has a 0.40% expense ratio, which is higher than TREG.L's 0.25% expense ratio.
Dividends
IDUP.L vs. TREG.L - Dividend Comparison
IDUP.L's dividend yield for the trailing twelve months is around 2.81%, less than TREG.L's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.81% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.23% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% | 0.00% | 0.00% |
Frequently Asked Questions
IDUP.L and TREG.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREG.L is cheaper with a 0.25% expense ratio, compared with 0.40% for IDUP.L.
IDUP.L tracks FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD), while TREG.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for IDUP.L and 0.25% for TREG.L.
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