PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IDWP.L vs. TRET.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDWP.L vs. TRET.L

Last updated Jun 5, 2026

IDWP.L (iShares Developed Markets Property Yield UCITS) and TRET.L (VanEck Global Real Estate UCITS ETF) are both REIT funds - IDWP.L tracks the FTSE EPRA Nareit Global TR USD while TRET.L tracks the GPR Global 100 Index. Both are passively managed. Over the past 5 years, IDWP.L returned 0.73%/yr vs 2.34%/yr for TRET.L. With a 0.96 correlation, they move nearly in lockstep. IDWP.L charges 0.59%/yr vs 0.25%/yr for TRET.L.

Performance

IDWP.L vs. TRET.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Developed Markets Property Yield UCITS (IDWP.L) and VanEck Global Real Estate UCITS ETF (TRET.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IDWP.L achieves a 6.84% return, which is significantly higher than TRET.L's 4.02% 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%

TRET.L

1D
0.22%
1M
-2.23%
YTD
4.02%
6M
3.83%
1Y
10.68%
3Y*
10.83%
5Y*
2.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDWP.L vs. TRET.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IDWP.L
iShares Developed Markets Property Yield UCITS		6.84%9.19%0.18%9.37%-24.02%25.37%-9.53%14.61%
TRET.L
VanEck Global Real Estate UCITS ETF		4.02%14.43%1.05%13.94%-25.68%29.73%-6.91%10.01%

Correlation

The correlation between IDWP.L and TRET.L is 0.94, 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

0.94

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

0.95

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

0.96

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2019

0.96

The correlation between IDWP.L and TRET.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

IDWP.L vs. TRET.L - Sectors Allocation Comparison

Sectors
IDWP.L
TRET.L

Real Estate

100.0%
99.9%

Financial Services

0.1%
0.0%

Consumer Cyclical

0.0%
0.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

IDWP.L
100.0%
TRET.L
99.9%

Financial Services

IDWP.L
0.1%
TRET.L
0.0%

Consumer Cyclical

IDWP.L
0.0%
TRET.L
0.1%

Basic Materials

IDWP.L

-

TRET.L

-

Communication Services

IDWP.L

-

TRET.L

-

Consumer Defensive

IDWP.L

-

TRET.L

-

Energy

IDWP.L

-

TRET.L

-

Healthcare

IDWP.L

-

TRET.L

-

Industrials

IDWP.L

-

TRET.L

-

Technology

IDWP.L

-

TRET.L

-

Utilities

IDWP.L

-

TRET.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Developed Markets Property Yield UCITS

VanEck Global Real Estate UCITS 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 TRET.L:
TRET.L vs. DPYE.LTRET.L vs. BRNT.LTRET.L vs. DTRE.LTRET.L vs. QOZ.AXTRET.L vs. HPRD.LTRET.L vs. WNEW.LTRET.L vs. HPRO.L

Return for Risk

IDWP.L vs. TRET.L — 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
TRET.L
TRET.L Risk / Return Rank: 2424
Overall Rank
TRET.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
TRET.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
TRET.L Omega Ratio Rank: 2424
Omega Ratio Rank
TRET.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
TRET.L Martin Ratio Rank: 2626
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. TRET.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS (IDWP.L) and VanEck Global Real Estate UCITS ETF (TRET.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.

IDWP.LTRET.LDifference
Sharpe ratioReturn per unit of total volatility
0.88
0.86

+0.01

Sortino ratioReturn per unit of downside risk
1.35
1.31

+0.04

Omega ratioGain probability vs. loss probability

1.16

1.15

0.00

Calmar ratioReturn relative to maximum drawdown

1.07

1.01

+0.06

Martin ratioReturn relative to average drawdown

3.64

3.55

+0.09

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. TRET.L - Sharpe Ratio Comparison

The current IDWP.L Sharpe Ratio is 0.88, which is comparable to the TRET.L Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of IDWP.L and TRET.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IDWP.LTRET.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

0.86

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.14

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

0.22

-0.07

Drawdowns

IDWP.L vs. TRET.L - Drawdown Comparison

The maximum IDWP.L drawdown since its inception was -70.51%, which is greater than TRET.L's maximum drawdown of -42.26%. Use the drawdown chart below to compare losses from any high point for IDWP.L and TRET.L.

Loading charts...

Drawdown Indicators

IDWP.LTRET.LDifference

Max Drawdown

Largest peak-to-trough decline

-70.51%

-42.26%

-28.25%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-10.49%

+0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-18.07%

-16.92%

-1.15%

Max Drawdown (5Y)

Largest decline over 5 years

-33.95%

-33.35%

-0.60%

Max Drawdown (10Y)

Largest decline over 10 years

-42.82%

—

—

Current Drawdown

Current decline from peak

-3.98%

-5.89%

+1.91%

Average Drawdown

Average peak-to-trough decline

-13.58%

-11.96%

-1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

3.00%

-0.11%

Volatility

IDWP.L vs. TRET.L - Volatility Comparison

The current volatility for iShares Developed Markets Property Yield UCITS (IDWP.L) is 3.63%, while VanEck Global Real Estate UCITS ETF (TRET.L) has a volatility of 3.91%. This indicates that IDWP.L experiences smaller price fluctuations and is considered to be less risky than TRET.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IDWP.LTRET.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

3.91%

-0.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.20%

9.60%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

11.98%

12.33%

-0.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.24%

16.82%

-0.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.23%

19.18%

-1.95%

IDWP.L vs. TRET.L - Expense Ratio Comparison

IDWP.L has a 0.59% expense ratio, which is higher than TRET.L's 0.25% expense ratio.

Dividends

IDWP.L vs. TRET.L - Dividend Comparison

IDWP.L's dividend yield for the trailing twelve months is around 3.01%, less than TRET.L's 3.49% 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%
TRET.L
VanEck Global Real Estate UCITS ETF		3.49%3.54%3.56%3.54%4.56%1.86%4.18%0.62%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, IDWP.L and TRET.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, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TRET.L is cheaper with a 0.25% expense ratio, compared with 0.59% for IDWP.L.

IDWP.L tracks FTSE EPRA Nareit Global TR USD, while TRET.L tracks GPR Global 100 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.59% for IDWP.L and 0.25% for TRET.L.

Portfolio Optimizer

Find the right allocation for IDWP.L and TRET.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer