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IDWP.L vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDWP.L vs. SPY

Last updated Jun 5, 2026

IDWP.L (iShares Developed Markets Property Yield UCITS) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - IDWP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IDWP.L returned 3.24%/yr vs 15.48%/yr for SPY. At a 0.34 correlation, their price movements are largely independent. IDWP.L charges 0.59%/yr vs 0.09%/yr for SPY.

Performance

IDWP.L vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Developed Markets Property Yield UCITS (IDWP.L) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IDWP.L achieves a 6.84% return, which is significantly lower than SPY's 11.33% return. Over the past 10 years, IDWP.L has underperformed SPY with an annualized return of 3.24%, while SPY has yielded a comparatively higher 15.48% 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%

SPY

1D
0.38%
1M
4.60%
YTD
11.33%
6M
11.25%
1Y
28.50%
3Y*
22.58%
5Y*
13.91%
10Y*
15.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDWP.L vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SPY
State Street SPDR S&P 500 ETF		11.33%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between IDWP.L and SPY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Nov 27, 2006

0.34

The correlation between IDWP.L and SPY shifts across timeframes, from 0.27 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.

IDWP.L vs. SPY - Sectors Allocation Comparison

Sectors
IDWP.L
SPY

Real Estate

100.0%
1.9%

Financial Services

0.1%
11.8%

Consumer Cyclical

0.0%
10.3%

Basic Materials

-

1.8%

Communication Services

-

11.3%

Consumer Defensive

-

4.8%

Energy

-

3.6%

Healthcare

-

8.4%

Industrials

-

7.8%

Technology

-

35.9%

Utilities

-

2.4%

Real Estate

IDWP.L
100.0%
SPY
1.9%

Financial Services

IDWP.L
0.1%
SPY
11.8%

Consumer Cyclical

IDWP.L
0.0%
SPY
10.3%

Basic Materials

IDWP.L

-

SPY
1.8%

Communication Services

IDWP.L

-

SPY
11.3%

Consumer Defensive

IDWP.L

-

SPY
4.8%

Energy

IDWP.L

-

SPY
3.6%

Healthcare

IDWP.L

-

SPY
8.4%

Industrials

IDWP.L

-

SPY
7.8%

Technology

IDWP.L

-

SPY
35.9%

Utilities

IDWP.L

-

SPY
2.4%

Compare stocks, funds, or ETFs

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iShares Developed Markets Property Yield UCITS

State Street SPDR S&P 500 ETF

Often compared with IDWP.L:
IDWP.L vs. IPRP.LIDWP.L vs. GLRE.LIDWP.L vs. VNQIDWP.L vs. CSPX.LIDWP.L vs. SCHDIDWP.L vs. REETIDWP.L vs. IUSP.L
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

IDWP.L vs. SPY — 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: 2525
Overall Rank
IDWP.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IDWP.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
IDWP.L Omega Ratio Rank: 2424
Omega Ratio Rank
IDWP.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
IDWP.L Martin Ratio Rank: 2727
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7474
Overall Rank
SPY Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 7474
Sortino Ratio Rank
SPY Omega Ratio Rank: 7575
Omega Ratio Rank
SPY Calmar Ratio Rank: 6666
Calmar Ratio Rank
SPY Martin Ratio Rank: 7878
Martin Ratio Rank
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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS (IDWP.L) and State Street SPDR S&P 500 ETF (SPY). 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.LSPYDifference
Sharpe ratioReturn per unit of total volatility
0.88
2.42

-1.55

Sortino ratioReturn per unit of downside risk
1.35
3.29

-1.94

Omega ratioGain probability vs. loss probability

1.16

1.44

-0.28

Calmar ratioReturn relative to maximum drawdown

1.07

3.22

-2.15

Martin ratioReturn relative to average drawdown

3.64

14.99

-11.35

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. SPY - Sharpe Ratio Comparison

The current IDWP.L Sharpe Ratio is 0.88, which is lower than the SPY Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of IDWP.L and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IDWP.LSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

2.42

-1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.82

-0.77

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

0.87

-0.68

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.59

-0.44

Drawdowns

IDWP.L vs. SPY - Drawdown Comparison

The maximum IDWP.L drawdown since its inception was -70.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IDWP.L and SPY.

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Drawdown Indicators

IDWP.LSPYDifference

Max Drawdown

Largest peak-to-trough decline

-70.51%

-55.19%

-15.32%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-8.88%

-0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-18.07%

-18.76%

+0.69%

Max Drawdown (5Y)

Largest decline over 5 years

-33.95%

-24.50%

-9.45%

Max Drawdown (10Y)

Largest decline over 10 years

-42.82%

-33.72%

-9.10%

Current Drawdown

Current decline from peak

-3.98%

-0.33%

-3.65%

Average Drawdown

Average peak-to-trough decline

-13.58%

-9.05%

-4.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

1.91%

+0.98%

Volatility

IDWP.L vs. SPY - Volatility Comparison

iShares Developed Markets Property Yield UCITS (IDWP.L) has a higher volatility of 3.63% compared to State Street SPDR S&P 500 ETF (SPY) at 2.79%. This indicates that IDWP.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDWP.LSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

2.79%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

8.91%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

11.82%

+0.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

17.05%

-0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.23%

17.93%

-0.70%

IDWP.L vs. SPY - Expense Ratio Comparison

IDWP.L has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

IDWP.L vs. SPY - Dividend Comparison

IDWP.L's dividend yield for the trailing twelve months is around 3.01%, more than SPY's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SPY
State Street SPDR S&P 500 ETF		0.98%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

IDWP.L and SPY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPY is cheaper with a 0.09% expense ratio, compared with 0.59% for IDWP.L.

IDWP.L is categorized as REIT, while SPY is S&P 500. IDWP.L tracks FTSE EPRA Nareit Global TR USD, while SPY tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for IDWP.L and 0.09% for SPY.

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