IDUP.L vs. XRES.L
IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) and XRES.L (Invesco Real Estate S&P US Select Sector UCITS ETF Acc) are both REIT funds - IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist) while XRES.L tracks the S&P Select Sector Capped 20% Real Estate Index. Both are passively managed. Over the past 10 years, IDUP.L returned 4.11%/yr vs 5.82%/yr for XRES.L. Their correlation of 0.92 suggests significant overlap in exposure. IDUP.L charges 0.40%/yr vs 0.14%/yr for XRES.L.
Performance
IDUP.L vs. XRES.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 XRES.L's 11.35% return. Over the past 10 years, IDUP.L has underperformed XRES.L with an annualized return of 4.11%, while XRES.L has yielded a comparatively higher 5.82% 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%
XRES.L
- 1D
- -0.18%
- 1M
- -0.72%
- 6M
- 10.15%
- YTD
- 11.35%
- 1Y
- 11.54%
- 3Y*
- 8.20%
- 5Y*
- 2.19%
- 10Y*
- 5.82%
IDUP.L vs. XRES.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% |
XRES.L Invesco Real Estate S&P US Select Sector UCITS ETF Acc | 11.35% | 4.01% | 2.42% | 12.73% | -25.97% | 46.91% | -3.45% | 27.08% | -2.96% | 10.91% |
Correlation
The correlation between IDUP.L and XRES.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
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 Feb 17, 2016 | 0.92 |
The correlation between IDUP.L and XRES.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
IDUP.L vs. XRES.L — Risk / Return Rank
IDUP.L
XRES.L
IDUP.L vs. XRES.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 Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.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 | XRES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.51 | +0.97 |
| Martin ratioReturn relative to average drawdown | 6.81 | 4.00 | +2.81 |
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Drawdowns
IDUP.L vs. XRES.L - Drawdown Comparison
The maximum IDUP.L drawdown since its inception was -75.24%, which is greater than XRES.L's maximum drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for IDUP.L and XRES.L.
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Drawdown Indicators
| IDUP.L | XRES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.24% | -37.84% | -37.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -7.59% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -17.93% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -33.70% | -34.68% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -37.84% | -7.78% |
Current DrawdownCurrent decline from peak | -1.41% | -1.33% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -10.04% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.88% | -0.18% |
Volatility
IDUP.L vs. XRES.L - Volatility Comparison
The current volatility for iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) is 3.92%, while Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) has a volatility of 4.73%. This indicates that IDUP.L experiences smaller price fluctuations and is considered to be less risky than XRES.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 | XRES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 4.73% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 10.76% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 13.74% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 18.58% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 18.88% | +1.47% |
IDUP.L vs. XRES.L - Expense Ratio Comparison
IDUP.L has a 0.40% expense ratio, which is higher than XRES.L's 0.14% expense ratio.
Dividends
IDUP.L vs. XRES.L - Dividend Comparison
IDUP.L's dividend yield for the trailing twelve months is around 2.90%, while XRES.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XRES.L Invesco Real Estate S&P US Select Sector UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, IDUP.L and XRES.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, XRES.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRES.L is cheaper with a 0.14% expense ratio, compared with 0.40% for IDUP.L.
IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist), while XRES.L tracks S&P Select Sector Capped 20% Real Estate Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IDUP.L and 0.14% for XRES.L.
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