IDUP.L vs. UKRE.L
IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) and UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) are both REIT funds from iShares - IDUP.L tracks the FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD) while UKRE.L tracks the MSCI UK IMI Liquid Real Estate Index. Both are passively managed. Over the past 10 years, IDUP.L returned 4.33%/yr vs 0.95%/yr for UKRE.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
IDUP.L vs. UKRE.L - Performance Comparison
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Different Trading Currencies
IDUP.L is traded in USD, while UKRE.L is traded in GBp. To make them comparable, the UKRE.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 18.50% return, which is significantly higher than UKRE.L's 6.48% return. Over the past 10 years, IDUP.L has outperformed UKRE.L with an annualized return of 4.33%, while UKRE.L has yielded a comparatively lower 0.95% annualized return.
IDUP.L
- 1D
- 2.12%
- 1M
- 2.15%
- 6M
- 14.81%
- YTD
- 18.50%
- 1Y
- 20.99%
- 3Y*
- 10.24%
- 5Y*
- 3.67%
- 10Y*
- 4.33%
UKRE.L
- 1D
- 0.68%
- 1M
- 6.59%
- 6M
- 3.46%
- YTD
- 6.48%
- 1Y
- 8.88%
- 3Y*
- 6.60%
- 5Y*
- -1.93%
- 10Y*
- 0.95%
IDUP.L vs. UKRE.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) | 18.50% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | 21.39% | -4.82% | 4.35% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 6.48% | 14.22% | -8.93% | 12.66% | -32.33% | 20.06% | -7.71% | 25.16% | -15.51% | 16.34% |
Correlation
The correlation between IDUP.L and UKRE.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2015 | 0.46 |
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Return for Risk
IDUP.L vs. UKRE.L — Risk / Return Rank
IDUP.L
UKRE.L
IDUP.L vs. UKRE.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 iShares MSCI Target UK Real Estate UCITS ETF (UKRE.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 | UKRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 0.67 | +2.15 |
| Martin ratioReturn relative to average drawdown | 7.75 | 1.83 | +5.91 |
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Drawdowns
IDUP.L vs. UKRE.L - Drawdown Comparison
The maximum IDUP.L drawdown since its inception was -75.24%, which is greater than UKRE.L's maximum drawdown of -46.49%. Use the drawdown chart below to compare losses from any high point for IDUP.L and UKRE.L.
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Drawdown Indicators
| IDUP.L | UKRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.24% | -46.49% | -28.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -13.12% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -20.53% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -44.62% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -44.62% | -1.00% |
Current DrawdownCurrent decline from peak | 0.00% | -18.41% | +18.41% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -22.61% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 4.83% | -2.13% |
Volatility
IDUP.L vs. UKRE.L - Volatility Comparison
iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) and iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) have volatilities of 4.42% and 4.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDUP.L | UKRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.46% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 11.89% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 15.23% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 18.38% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 17.25% | +3.11% |
IDUP.L vs. UKRE.L - Expense Ratio Comparison
Both IDUP.L and UKRE.L have an expense ratio of 0.40%.
Dividends
IDUP.L vs. UKRE.L - Dividend Comparison
IDUP.L's dividend yield for the trailing twelve months is around 2.84%, less than UKRE.L's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.84% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 6.67% | 7.07% | 7.68% | 5.20% | 1.90% | 0.86% | 1.45% | 0.99% | 0.00% | 0.00% | 0.36% | 0.48% |
Frequently Asked Questions
IDUP.L and UKRE.L have a correlation of 0.50, 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 UKRE.L have the same expense ratio: 0.40% per year.
IDUP.L tracks FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD), while UKRE.L tracks MSCI UK IMI Liquid Real Estate Index.
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