IPRE.DE vs. SPYJ.DE
IPRE.DE (iShares European Property Yield UCITS ETF EUR (Acc)) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - IPRE.DE tracks the FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, IPRE.DE returned -3.70%/yr vs 3.03%/yr for SPYJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
IPRE.DE vs. SPYJ.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 lower than SPYJ.DE's 15.05% 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*
- —
SPYJ.DE
- 1D
- 0.18%
- 1M
- 6.42%
- 6M
- 15.79%
- YTD
- 15.05%
- 1Y
- 19.48%
- 3Y*
- 7.73%
- 5Y*
- 3.03%
- 10Y*
- 2.54%
IPRE.DE vs. SPYJ.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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 15.05% | -2.34% | 4.88% | 7.77% | -20.63% | 41.27% | -18.75% | 22.75% | -7.23% |
Correlation
The correlation between IPRE.DE and SPYJ.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.60 |
The correlation between IPRE.DE and SPYJ.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
IPRE.DE vs. SPYJ.DE — Risk / Return Rank
IPRE.DE
SPYJ.DE
IPRE.DE vs. SPYJ.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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.79 | -2.69 |
| Martin ratioReturn relative to average drawdown | 0.23 | 9.67 | -9.44 |
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Drawdowns
IPRE.DE vs. SPYJ.DE - Drawdown Comparison
The maximum IPRE.DE drawdown since its inception was -50.15%, which is greater than SPYJ.DE's maximum drawdown of -42.93%. Use the drawdown chart below to compare losses from any high point for IPRE.DE and SPYJ.DE.
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Drawdown Indicators
| IPRE.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.15% | -42.93% | -7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -6.95% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -20.28% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.30% | -30.70% | -18.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.93% | — |
Current DrawdownCurrent decline from peak | -24.16% | -1.81% | -22.35% |
Average DrawdownAverage peak-to-trough decline | -23.68% | -11.21% | -12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 2.01% | +4.22% |
Volatility
IPRE.DE vs. SPYJ.DE - Volatility Comparison
iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.DE) and SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) have volatilities of 3.88% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPRE.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.72% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 8.98% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.42% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 15.20% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 16.95% | +4.26% |
IPRE.DE vs. SPYJ.DE - Expense Ratio Comparison
Both IPRE.DE and SPYJ.DE have an expense ratio of 0.40%.
Dividends
IPRE.DE vs. SPYJ.DE - Dividend Comparison
IPRE.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPRE.DE iShares European Property Yield UCITS ETF EUR (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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.42% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 2.61% | 1.57% | 2.23% | 2.53% | 2.10% |
Frequently Asked Questions
IPRE.DE and SPYJ.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IPRE.DE and SPYJ.DE have the same expense ratio: 0.40% per year.
IPRE.DE tracks FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: iShares and State Street.
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