IPRP.L vs. PCTN.L
IPRP.L (iShares European Property Yield UCITS ETF) is REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while PCTN.L (Picton Property Income Ltd) is a stock. Over the past 10 years, IPRP.L returned 1.98%/yr vs 4.32%/yr for PCTN.L. At a 0.29 correlation, their price movements are largely independent.
Performance
IPRP.L vs. PCTN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPRP.L achieves a -0.45% return, which is significantly lower than PCTN.L's -0.21% return. Over the past 10 years, IPRP.L has underperformed PCTN.L with an annualized return of 1.98%, while PCTN.L has yielded a comparatively higher 4.32% 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%
PCTN.L
- 1D
- 0.84%
- 1M
- -2.52%
- YTD
- -0.21%
- 6M
- -2.58%
- 1Y
- -2.23%
- 3Y*
- 2.32%
- 5Y*
- 0.54%
- 10Y*
- 4.32%
IPRP.L vs. PCTN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PCTN.L Picton Property Income Ltd | -0.21% | 21.96% | -2.46% | -9.07% | -18.70% | 40.89% | -19.54% | 18.35% | 5.90% | 15.15% |
Correlation
The correlation between IPRP.L and PCTN.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2005 | 0.29 |
Over the past year, IPRP.L and PCTN.L have become more correlated (0.51) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
IPRP.L vs. PCTN.L — Risk / Return Rank
IPRP.L
PCTN.L
IPRP.L vs. PCTN.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 Picton Property Income Ltd (PCTN.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.L | PCTN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.11 | +0.22 |
| Martin ratioReturn relative to average drawdown | 0.29 | -0.27 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IPRP.L | PCTN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | -0.12 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.02 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.15 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.13 | +0.09 |
Drawdowns
IPRP.L vs. PCTN.L - Drawdown Comparison
The maximum IPRP.L drawdown since its inception was -59.70%, smaller than the maximum PCTN.L drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for IPRP.L and PCTN.L.
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Drawdown Indicators
| IPRP.L | PCTN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -87.15% | +27.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -19.43% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -21.24% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | -48.44% | -37.52% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -48.44% | -49.51% | +1.07% |
Current DrawdownCurrent decline from peak | -22.85% | -17.95% | -4.90% |
Average DrawdownAverage peak-to-trough decline | -14.69% | -22.09% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.93% | 8.09% | -2.16% |
Volatility
IPRP.L vs. PCTN.L - Volatility Comparison
The current volatility for iShares European Property Yield UCITS ETF (IPRP.L) is 4.48%, while Picton Property Income Ltd (PCTN.L) has a volatility of 5.31%. This indicates that IPRP.L experiences smaller price fluctuations and is considered to be less risky than PCTN.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.L | PCTN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 5.31% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 15.04% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 18.65% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 24.34% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 29.24% | -9.92% |
Dividends
IPRP.L vs. PCTN.L - Dividend Comparison
IPRP.L's dividend yield for the trailing twelve months is around 3.34%, less than PCTN.L's 5.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PCTN.L Picton Property Income Ltd | 5.26% | 5.09% | 5.70% | 5.06% | 4.38% | 3.24% | 3.76% | 3.61% | 4.11% | 4.06% | 4.36% | 4.56% |
Frequently Asked Questions
IPRP.L and PCTN.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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