IPRP.L vs. DFND
IPRP.L (iShares European Property Yield UCITS ETF) and DFND (Siren DIVCON Dividend Defender ETF) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while DFND is a Large Cap Blend Equities fund tracking the Siren DIVCON Dividend Defender Index. Both are passively managed. Over the past 10 years, IPRP.L returned 1.88%/yr vs 8.08%/yr for DFND. At a 0.17 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 1.50%/yr for DFND.
Performance
IPRP.L vs. DFND - Performance Comparison
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Different Trading Currencies
IPRP.L is traded in GBp, while DFND is traded in USD. To make them comparable, the DFND 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 0.47% return, which is significantly higher than DFND's 0.24% return. Over the past 10 years, IPRP.L has underperformed DFND with an annualized return of 1.88%, while DFND has yielded a comparatively higher 8.08% annualized return.
IPRP.L
- 1D
- 1.60%
- 1M
- 0.47%
- YTD
- 0.47%
- 6M
- 2.67%
- 1Y
- 2.32%
- 3Y*
- 11.51%
- 5Y*
- -4.25%
- 10Y*
- 1.88%
DFND
- 1D
- 0.63%
- 1M
- -0.12%
- YTD
- 0.24%
- 6M
- 0.24%
- 1Y
- 3.50%
- 3Y*
- 5.56%
- 5Y*
- 5.80%
- 10Y*
- 8.08%
IPRP.L vs. DFND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPRP.L iShares European Property Yield UCITS ETF | 0.47% | 13.63% | -4.96% | 15.42% | -33.74% | 1.88% | -3.84% | 18.45% | -5.36% | 19.14% |
DFND Siren DIVCON Dividend Defender ETF | 0.24% | 3.28% | 10.37% | 6.52% | -10.03% | 15.88% | 12.71% | 14.98% | 3.99% | 6.27% |
Correlation
The correlation between IPRP.L and DFND is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | 0.17 |
The correlation between IPRP.L and DFND shifts across timeframes, from -0.12 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPRP.L vs. DFND — Risk / Return Rank
IPRP.L
DFND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IPRP.L vs. DFND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) and Siren DIVCON Dividend Defender ETF (DFND). 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.
| IPRP.L | DFND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.63 | -0.55 |
| Martin ratioReturn relative to average drawdown | 0.21 | 1.22 | -1.01 |
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Drawdowns
IPRP.L vs. DFND - Drawdown Comparison
The maximum IPRP.L drawdown since its inception was -64.48%, which is greater than DFND's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IPRP.L and DFND.
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Drawdown Indicators
| IPRP.L | DFND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.48% | -17.79% | -46.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -6.63% | -9.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -17.79% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -48.77% | -17.79% | -30.98% |
Max Drawdown (10Y)Largest decline over 10 years | -48.77% | -17.79% | -30.98% |
Current DrawdownCurrent decline from peak | -23.83% | -8.19% | -15.64% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -5.30% | -11.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 4.50% | +1.78% |
Volatility
IPRP.L vs. DFND - Volatility Comparison
iShares European Property Yield UCITS ETF (IPRP.L) has a higher volatility of 4.23% compared to Siren DIVCON Dividend Defender ETF (DFND) at 1.80%. This indicates that IPRP.L's price experiences larger fluctuations and is considered to be riskier than DFND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPRP.L | DFND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 1.80% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 7.53% | +5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 11.86% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 22.74% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 20.32% | -0.97% |
IPRP.L vs. DFND - Expense Ratio Comparison
IPRP.L has a 0.40% expense ratio, which is lower than DFND's 1.50% expense ratio.
Dividends
IPRP.L vs. DFND - Dividend Comparison
IPRP.L's dividend yield for the trailing twelve months is around 0.50%, while DFND has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFND Siren DIVCON Dividend Defender ETF | 0.62% | 1.10% | 1.64% | 1.84% | 0.29% | 0.00% | 0.00% | 0.77% | 0.53% | 0.02% | 0.00% | 0.00% |
IPRP.L iShares European Property Yield UCITS ETF | 0.50% | 2.83% | 2.79% | 2.62% | 4.20% | 2.11% | 2.68% | 3.07% | 3.24% | 2.81% | 2.49% | 2.59% |
Frequently Asked Questions
IPRP.L and DFND have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPRP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPRP.L is cheaper with a 0.40% expense ratio, compared with 1.50% for DFND.
IPRP.L is categorized as REIT, while DFND is Large Cap Blend Equities. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while DFND tracks Siren DIVCON Dividend Defender Index. They also come from different issuers: iShares and SRN Advisors. Their fees differ too: 0.40% for IPRP.L and 1.50% for DFND.
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