IPRP.L vs. AYEP.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares European Property Yield UCITS ETF (IPRP.L) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE).

IPRP.L and AYEP.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPRP.L is a passively managed fund by iShares that tracks the performance of the FTSE EPRA Nareit Developed Europe TR EUR. It was launched on Nov 4, 2005. AYEP.DE is a passively managed fund by iShares that tracks the performance of the FTSE EPRA/NAREIT Developed Asia Dividend+. It was launched on Dec 12, 2018. Both IPRP.L and AYEP.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IPRP.L vs. AYEP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE). The values are adjusted to include any dividend payments, if applicable.

IPRP.L vs. AYEP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IPRP.L iShares European Property Yield UCITS ETF	1.36%	14.18%	-4.49%	16.04%	-33.34%	2.23%	-3.56%	18.93%	-4.40%
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc	-0.76%	21.92%	-8.42%	-7.35%	-2.42%	5.38%	-11.94%	13.06%	-2.61%

Different Trading Currencies

IPRP.L is traded in GBp, while AYEP.DE is traded in EUR. To make them comparable, the AYEP.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IPRP.L achieves a 1.36% return, which is significantly higher than AYEP.DE's -0.76% return.

IPRP.L

• 1D: 3.05%
• 1M: -8.68%
• YTD: 1.36%
• 6M: 1.92%
• 1Y: 14.89%
• 3Y*: 11.84%
• 5Y*: -1.20%
• 10Y*: 2.23%

AYEP.DE

• 1D: 1.70%
• 1M: -6.96%
• YTD: -0.76%
• 6M: 1.24%
• 1Y: 15.41%
• 3Y*: 1.90%
• 5Y*: 0.34%
• 10Y*: —

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

IPRP.L vs. AYEP.DE - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.

AYEP.DE

iShares Asia Property Yield UCITS ETF USD Acc

IPRP.L

iShares European Property Yield UCITS ETF

Return for Risk

IPRP.L vs. AYEP.DE — Risk / Return Rank

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

IPRP.L

IPRP.L Risk / Return Rank: 42
IPRP.L Sharpe Ratio Rank: 48
IPRP.L Sortino Ratio Rank: 48
IPRP.L Omega Ratio Rank: 42
IPRP.L Calmar Ratio Rank: 35
IPRP.L Martin Ratio Rank: 37

AYEP.DE

AYEP.DE Risk / Return Rank: 41
AYEP.DE Sharpe Ratio Rank: 44
AYEP.DE Sortino Ratio Rank: 41
AYEP.DE Omega Ratio Rank: 37
AYEP.DE Calmar Ratio Rank: 40
AYEP.DE Martin Ratio Rank: 44

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.

IPRP.L vs. AYEP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) 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.

	IPRP.L	AYEP.DE	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.30	-0.39
Sortino ratio Return per unit of downside risk	1.36	1.84	-0.49
Omega ratio Gain probability vs. loss probability	1.18	1.24	-0.07
Calmar ratio Return relative to maximum drawdown	0.97	1.55	-0.58
Martin ratio Return relative to average drawdown	3.65	6.29	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPRP.L vs. AYEP.DE - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.92, which is comparable to the AYEP.DE Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of IPRP.L and AYEP.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IPRP.L	AYEP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.30	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.03	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.02	+0.21

Correlation

The correlation between IPRP.L and AYEP.DE is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IPRP.L vs. AYEP.DE - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 3.28%, while AYEP.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPRP.L iShares European Property Yield UCITS ETF	3.28%	3.32%	3.30%	3.05%	4.90%	2.47%	2.96%	3.46%	3.70%	3.20%	3.07%	3.60%
AYEP.DE iShares Asia Property Yield UCITS ETF USD 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%

Drawdowns

IPRP.L vs. AYEP.DE - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -59.70%, which is greater than AYEP.DE's maximum drawdown of -34.83%. Use the drawdown chart below to compare losses from any high point for IPRP.L and AYEP.DE.

Drawdown Indicators

	IPRP.L	AYEP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-38.46%	-21.24%
Max Drawdown (1Y) Largest decline over 1 year	-16.11%	-9.99%	-6.12%
Max Drawdown (5Y) Largest decline over 5 years	-48.44%	-22.65%	-25.79%
Max Drawdown (10Y) Largest decline over 10 years	-48.44%	—	—
Current Drawdown Current decline from peak	-21.45%	-12.92%	-8.53%
Average Drawdown Average peak-to-trough decline	-14.64%	-15.08%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	2.44%	+1.86%

Volatility

IPRP.L vs. AYEP.DE - Volatility Comparison

iShares European Property Yield UCITS ETF (IPRP.L) has a higher volatility of 7.78% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 4.39%. This indicates that IPRP.L'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.

Volatility by Period

	IPRP.L	AYEP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	4.39%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	8.56%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	16.18%	11.80%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	11.58%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	15.02%	+4.27%