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

IPRP.L vs. REIT

Last updated Jun 16, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and REIT (ALPS Active REIT ETF) are both REIT funds. IPRP.L is passively managed, while REIT is actively managed. Over the past 5 years, IPRP.L returned -4.14%/yr vs 5.61%/yr for REIT. At a 0.31 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.68%/yr for REIT.

Performance

IPRP.L vs. REIT - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) and ALPS Active REIT ETF (REIT). 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 REIT is traded in USD. To make them comparable, the REIT 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 0.96% return, which is significantly lower than REIT's 17.14% return.

IPRP.L

1D
0.49%
1M
0.96%
YTD
0.96%
6M
3.53%
1Y
2.82%
3Y*
11.73%
5Y*
-4.14%
10Y*
2.04%

REIT

1D
-0.76%
1M
3.40%
YTD
17.14%
6M
15.64%
1Y
18.72%
3Y*
9.12%
5Y*
5.61%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRP.L vs. REIT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IPRP.L
iShares European Property Yield UCITS ETF		0.96%13.63%-4.96%15.42%-33.74%11.84%
REIT
ALPS Active REIT ETF		17.14%-7.64%8.98%8.05%-11.86%36.81%

Correlation

The correlation between IPRP.L and REIT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.28

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

0.31

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

0.31

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2021

0.31

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

ALPS Active REIT ETF

Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS
Often compared with REIT:
REIT vs. VOOREIT vs. VTIREIT vs. SGOVREIT vs. IHGREIT vs. VRAIREIT vs. VGTREIT vs. SCHG

Return for Risk

IPRP.L vs. REIT — 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: 1111
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1111
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1111
Martin Ratio Rank
REIT
REIT Risk / Return Rank: 4343
Overall Rank
REIT Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
REIT Sortino Ratio Rank: 3838
Sortino Ratio Rank
REIT Omega Ratio Rank: 3939
Omega Ratio Rank
REIT Calmar Ratio Rank: 5252
Calmar Ratio Rank
REIT Martin Ratio Rank: 4545
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. REIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) and ALPS Active REIT ETF (REIT). 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.LREITDifference
Sharpe ratioReturn per unit of total volatility
0.18
1.45

-1.26

Sortino ratioReturn per unit of downside risk
0.37
2.02

-1.65

Omega ratioGain probability vs. loss probability

1.05

1.25

-0.21

Calmar ratioReturn relative to maximum drawdown

0.17

2.80

-2.63

Martin ratioReturn relative to average drawdown

0.44

7.45

-7.01

IPRP.L vs. REIT - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.18, which is lower than the REIT Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of IPRP.L and REIT, 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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Drawdowns

IPRP.L vs. REIT - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -64.48%, which is greater than REIT's maximum drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for IPRP.L and REIT.

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Drawdown Indicators

IPRP.LREITDifference

Max Drawdown

Largest peak-to-trough decline

-64.48%

-24.56%

-39.92%

Max Drawdown (1Y)

Largest decline over 1 year

-16.12%

-6.71%

-9.41%

Max Drawdown (3Y)

Largest decline over 3 years

-16.12%

-19.05%

+2.93%

Max Drawdown (5Y)

Largest decline over 5 years

-48.77%

-24.56%

-24.21%

Max Drawdown (10Y)

Largest decline over 10 years

-48.77%

—

—

Current Drawdown

Current decline from peak

-23.46%

-0.76%

-22.70%

Average Drawdown

Average peak-to-trough decline

-16.68%

-9.58%

-7.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.32%

2.52%

+3.80%

Volatility

IPRP.L vs. REIT - Volatility Comparison

The current volatility for iShares European Property Yield UCITS ETF (IPRP.L) is 4.18%, while ALPS Active REIT ETF (REIT) has a volatility of 4.45%. This indicates that IPRP.L experiences smaller price fluctuations and is considered to be less risky than REIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IPRP.LREITDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

4.45%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

13.06%

9.71%

+3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

15.25%

13.01%

+2.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.54%

17.62%

+3.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

17.59%

+1.76%

IPRP.L vs. REIT - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is lower than REIT's 0.68% expense ratio.

Dividends

IPRP.L vs. REIT - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 0.50%, less than REIT's 2.71% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
REIT
ALPS Active REIT ETF		2.71%3.20%3.06%3.13%2.81%4.71%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IPRP.L and REIT have a correlation of 0.28, 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 0.68% for REIT.

They also come from different issuers: iShares and ALPS. Their fees differ too: 0.40% for IPRP.L and 0.68% for REIT.

Portfolio Optimizer

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