IDWP.L vs. GLD

Last updated Jun 5, 2026

IDWP.L (iShares Developed Markets Property Yield UCITS) and GLD (SPDR Gold Shares) are both exchange-traded funds - IDWP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, IDWP.L returned 3.24%/yr vs 13.21%/yr for GLD. At a 0.10 correlation, their price movements are largely independent. IDWP.L charges 0.59%/yr vs 0.40%/yr for GLD.

Performance

IDWP.L vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Developed Markets Property Yield UCITS (IDWP.L) and SPDR Gold Shares (GLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDWP.L achieves a 6.84% return, which is significantly higher than GLD's 3.77% return. Over the past 10 years, IDWP.L has underperformed GLD with an annualized return of 3.24%, while GLD has yielded a comparatively higher 13.21% annualized return.

IDWP.L

• 1D: 0.28%
• 1M: -1.02%
• YTD: 6.84%
• 6M: 7.80%
• 1Y: 10.53%
• 3Y*: 8.57%
• 5Y*: 0.73%
• 10Y*: 3.24%

GLD

• 1D: 0.83%
• 1M: -1.67%
• YTD: 3.77%
• 6M: 6.24%
• 1Y: 32.28%
• 3Y*: 31.19%
• 5Y*: 18.35%
• 10Y*: 13.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDWP.L vs. GLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDWP.L iShares Developed Markets Property Yield UCITS	6.84%	9.19%	0.18%	9.37%	-24.02%	25.37%	-9.53%	21.22%	-5.44%	11.19%
GLD SPDR Gold Shares	3.77%	63.68%	26.66%	12.69%	-0.77%	-4.15%	24.81%	17.86%	-1.94%	12.81%

Correlation

The correlation between IDWP.L and GLD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 27, 2006	0.10

IDWP.L vs. GLD - Sectors Allocation Comparison

Sectors	IDWP.L	GLD
Real Estate	100.0%	-
Financial Services	0.1%	-
Consumer Cyclical	0.0%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IDWP.L vs. GLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDWP.L

IDWP.L Risk / Return Rank: 25
IDWP.L Sharpe Ratio Rank: 25
IDWP.L Sortino Ratio Rank: 25
IDWP.L Omega Ratio Rank: 24
IDWP.L Calmar Ratio Rank: 24
IDWP.L Martin Ratio Rank: 27

GLD

GLD Risk / Return Rank: 34
GLD Sharpe Ratio Rank: 35
GLD Sortino Ratio Rank: 31
GLD Omega Ratio Rank: 38
GLD Calmar Ratio Rank: 35
GLD Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDWP.L vs. GLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS (IDWP.L) and SPDR Gold Shares (GLD). 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.

	IDWP.L	GLD	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.22	-0.34
Sortino ratio: Return per unit of downside risk	1.35	1.61	-0.26
Omega ratio: Gain probability vs. loss probability	1.16	1.24	-0.09
Calmar ratio: Return relative to maximum drawdown	1.07	1.69	-0.62
Martin ratio: Return relative to average drawdown	3.64	4.15	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDWP.L vs. GLD - Sharpe Ratio Comparison

The current IDWP.L Sharpe Ratio is 0.88, which is comparable to the GLD Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IDWP.L and GLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IDWP.L	GLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.22	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	1.02	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.83	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.60	-0.46

Drawdowns

IDWP.L vs. GLD - Drawdown Comparison

The maximum IDWP.L drawdown since its inception was -70.51%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for IDWP.L and GLD.

Drawdown Indicators

	IDWP.L	GLD	Difference
Max Drawdown Largest peak-to-trough decline	-70.51%	-45.56%	-24.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-19.21%	+9.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.07%	-19.21%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	-21.03%	-12.92%
Max Drawdown (10Y) Largest decline over 10 years	-42.82%	-22.00%	-20.82%
Current Drawdown Current decline from peak	-3.98%	-17.07%	+13.09%
Average Drawdown Average peak-to-trough decline	-13.58%	-16.16%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	7.81%	-4.92%

Volatility

IDWP.L vs. GLD - Volatility Comparison

The current volatility for iShares Developed Markets Property Yield UCITS (IDWP.L) is 3.63%, while SPDR Gold Shares (GLD) has a volatility of 5.50%. This indicates that IDWP.L experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDWP.L	GLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	5.50%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	23.16%	-13.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.98%	26.60%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	18.00%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	15.95%	+1.28%

IDWP.L vs. GLD - Expense Ratio Comparison

IDWP.L has a 0.59% expense ratio, which is higher than GLD's 0.40% expense ratio.

Dividends

IDWP.L vs. GLD - Dividend Comparison

IDWP.L's dividend yield for the trailing twelve months is around 3.01%, while GLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDWP.L iShares Developed Markets Property Yield UCITS	3.01%	3.07%	3.22%	3.07%	3.66%	2.22%	2.91%	2.89%	3.94%	2.91%	3.27%	3.01%

Frequently Asked Questions

Can I hold both IDWP.L and GLD in my portfolio?

IDWP.L and GLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDWP.L or GLD?

On fees, GLD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDWP.L or GLD?

GLD is cheaper with a 0.40% expense ratio, compared with 0.59% for IDWP.L.

What is the main difference between IDWP.L and GLD?

IDWP.L is categorized as REIT, while GLD is Gold. IDWP.L tracks FTSE EPRA Nareit Global TR USD, while GLD tracks LBMA Gold Price PM. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for IDWP.L and 0.40% for GLD.