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IPRP.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRP.L vs. ISAC.L

Last updated Jun 5, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IPRP.L returned 1.98%/yr vs 13.48%/yr for ISAC.L. At a 0.47 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.20%/yr for ISAC.L.

Performance

IPRP.L vs. ISAC.L - 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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IPRP.L is traded in GBp, while ISAC.L is traded in USD. To make them comparable, the ISAC.L 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 -0.45% return, which is significantly lower than ISAC.L's 12.06% return. Over the past 10 years, IPRP.L has underperformed ISAC.L with an annualized return of 1.98%, while ISAC.L has yielded a comparatively higher 13.48% annualized return.

IPRP.L

1D
0.61%
1M
-1.16%
YTD
-0.45%
6M
0.27%
1Y
1.71%
3Y*
11.51%
5Y*
-3.55%
10Y*
1.98%

ISAC.L

1D
0.00%
1M
5.28%
YTD
12.06%
6M
12.30%
1Y
30.14%
3Y*
18.17%
5Y*
12.60%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRP.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IPRP.L
iShares European Property Yield UCITS ETF		-0.45%14.18%-4.49%16.04%-33.34%2.23%-3.56%18.93%-4.97%19.62%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.99%13.64%19.87%16.44%-8.43%19.97%12.26%20.98%-4.37%13.63%

Correlation

The correlation between IPRP.L and ISAC.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

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

0.32

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

0.41

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2011

0.47

The correlation between IPRP.L and ISAC.L shifts across timeframes, from 0.32 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

IPRP.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
IPRP.L
ISAC.L

Real Estate

100.0%
1.2%

Basic Materials

-

2.9%

Communication Services

-

8.6%

Consumer Cyclical

-

8.5%

Consumer Defensive

-

4.4%

Energy

-

3.6%

Financial Services

-

17.3%

Healthcare

-

7.8%

Industrials

-

9.0%

Technology

-

33.9%

Utilities

-

2.2%

Real Estate

IPRP.L
100.0%
ISAC.L
1.2%

Basic Materials

IPRP.L

-

ISAC.L
2.9%

Communication Services

IPRP.L

-

ISAC.L
8.6%

Consumer Cyclical

IPRP.L

-

ISAC.L
8.5%

Consumer Defensive

IPRP.L

-

ISAC.L
4.4%

Energy

IPRP.L

-

ISAC.L
3.6%

Financial Services

IPRP.L

-

ISAC.L
17.3%

Healthcare

IPRP.L

-

ISAC.L
7.8%

Industrials

IPRP.L

-

ISAC.L
9.0%

Technology

IPRP.L

-

ISAC.L
33.9%

Utilities

IPRP.L

-

ISAC.L
2.2%

Compare stocks, funds, or ETFs

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

iShares European Property Yield UCITS ETF

iShares MSCI ACWI UCITS ETF USD (Acc)

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Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

IPRP.L vs. ISAC.L — 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: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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.

IPRP.L vs. ISAC.L - 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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.

IPRP.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
0.11
2.52

-2.41

Sortino ratioReturn per unit of downside risk
0.27
3.48

-3.21

Omega ratioGain probability vs. loss probability

1.03

1.48

-0.44

Calmar ratioReturn relative to maximum drawdown

0.11

4.36

-4.26

Martin ratioReturn relative to average drawdown

0.29

16.74

-16.46

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. ISAC.L - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.11, which is lower than the ISAC.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IPRP.L and ISAC.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.

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Sharpe Ratios by Period

IPRP.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.11

2.52

-2.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.88

-1.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

0.87

-0.77

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.86

-0.63

Drawdowns

IPRP.L vs. ISAC.L - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -59.70%, which is greater than ISAC.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for IPRP.L and ISAC.L.

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Drawdown Indicators

IPRP.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-59.70%

-25.84%

-33.86%

Max Drawdown (1Y)

Largest decline over 1 year

-16.11%

-6.88%

-9.23%

Max Drawdown (3Y)

Largest decline over 3 years

-16.11%

-18.33%

+2.22%

Max Drawdown (5Y)

Largest decline over 5 years

-48.44%

-18.33%

-30.11%

Max Drawdown (10Y)

Largest decline over 10 years

-48.44%

-25.84%

-22.60%

Current Drawdown

Current decline from peak

-22.85%

-0.36%

-22.49%

Average Drawdown

Average peak-to-trough decline

-14.69%

-3.56%

-11.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.93%

1.80%

+4.13%

Volatility

IPRP.L vs. ISAC.L - Volatility Comparison

iShares European Property Yield UCITS ETF (IPRP.L) has a higher volatility of 4.48% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.74%. This indicates that IPRP.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IPRP.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.48%

3.74%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

13.02%

9.25%

+3.77%

Volatility (1Y)

Calculated over the trailing 1-year period

15.13%

11.90%

+3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.51%

14.29%

+7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.32%

15.49%

+3.83%

IPRP.L vs. ISAC.L - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.

Dividends

IPRP.L vs. ISAC.L - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 3.34%, while ISAC.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IPRP.L
iShares European Property Yield UCITS ETF		3.34%3.32%3.30%3.05%4.90%2.47%2.96%3.46%3.70%3.20%3.07%3.60%
ISAC.L
iShares MSCI ACWI 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%

Frequently Asked Questions

IPRP.L and ISAC.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IPRP.L.

IPRP.L is categorized as REIT, while ISAC.L is Global Equities. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.40% for IPRP.L and 0.20% for ISAC.L.

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