IPRE.DE vs. AYEP.DE
IPRE.DE (iShares European Property Yield UCITS ETF EUR (Acc)) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds from iShares - IPRE.DE tracks the FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 5 years, IPRE.DE returned -3.70%/yr vs -1.04%/yr for AYEP.DE. At a 0.40 correlation, their price movements are largely independent. IPRE.DE charges 0.40%/yr vs 0.59%/yr for AYEP.DE.
Performance
IPRE.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IPRE.DE achieves a 3.98% return, which is significantly higher than AYEP.DE's -2.73% return.
IPRE.DE
- 1D
- 0.20%
- 1M
- 4.20%
- 6M
- 4.86%
- YTD
- 3.98%
- 1Y
- 1.43%
- 3Y*
- 11.38%
- 5Y*
- -3.70%
- 10Y*
- —
AYEP.DE
- 1D
- 1.09%
- 1M
- 2.65%
- 6M
- -2.93%
- YTD
- -2.73%
- 1Y
- 4.98%
- 3Y*
- 2.81%
- 5Y*
- -1.04%
- 10Y*
- —
IPRE.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IPRE.DE iShares European Property Yield UCITS ETF EUR (Acc) | 3.98% | 8.66% | -0.90% | 18.13% | -37.40% | 8.12% | -8.88% | 26.14% | -4.74% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -2.73% | 15.78% | -4.19% | -5.49% | -7.52% | 13.36% | -16.54% | 19.27% | -14.00% |
Correlation
The correlation between IPRE.DE and AYEP.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.40 |
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Return for Risk
IPRE.DE vs. AYEP.DE — Risk / Return Rank
IPRE.DE
AYEP.DE
IPRE.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE). 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.
| IPRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 0.39 | -0.30 |
| Martin ratioReturn relative to average drawdown | 0.23 | 0.97 | -0.74 |
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Drawdowns
IPRE.DE vs. AYEP.DE - Drawdown Comparison
The maximum IPRE.DE drawdown since its inception was -50.15%, which is greater than AYEP.DE's maximum drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for IPRE.DE and AYEP.DE.
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Drawdown Indicators
| IPRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.15% | -38.38% | -11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -12.62% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -12.62% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -49.30% | -22.79% | -26.51% |
Current DrawdownCurrent decline from peak | -24.16% | -14.39% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -15.19% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 5.14% | +1.09% |
Volatility
IPRE.DE vs. AYEP.DE - Volatility Comparison
iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.DE) has a higher volatility of 3.88% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 3.55%. This indicates that IPRE.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.55% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 8.64% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.27% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 11.79% | +9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 15.97% | +5.24% |
IPRE.DE vs. AYEP.DE - Expense Ratio Comparison
IPRE.DE has a 0.40% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
IPRE.DE vs. AYEP.DE - Dividend Comparison
Neither IPRE.DE nor AYEP.DE has paid dividends to shareholders.
Frequently Asked Questions
IPRE.DE and AYEP.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPRE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPRE.DE is cheaper with a 0.40% expense ratio, compared with 0.59% for AYEP.DE.
IPRE.DE tracks FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index, while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. Their fees differ too: 0.40% for IPRE.DE and 0.59% for AYEP.DE.
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