IPRP.L vs. WDIV

Last updated Jun 7, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and WDIV (SPDR S&P Global Dividend ETF) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while WDIV is a Global Equities fund tracking the S&P Global Dividend Aristocrats Index sp_43. Both are passively managed. Over the past 10 years, IPRP.L returned 1.38%/yr vs 8.16%/yr for WDIV. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

IPRP.L vs. WDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) and SPDR S&P Global Dividend ETF (WDIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IPRP.L is traded in GBp, while WDIV is traded in USD. To make them comparable, the WDIV 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 -1.60% return, which is significantly lower than WDIV's 8.77% return. Over the past 10 years, IPRP.L has underperformed WDIV with an annualized return of 1.38%, while WDIV has yielded a comparatively higher 8.16% annualized return.

IPRP.L

• 1D: -1.16%
• 1M: -2.58%
• YTD: -1.60%
• 6M: -0.50%
• 1Y: -0.13%
• 3Y*: 10.37%
• 5Y*: -4.25%
• 10Y*: 1.38%

WDIV

• 1D: -0.52%
• 1M: 1.80%
• YTD: 8.77%
• 6M: 9.51%
• 1Y: 21.83%
• 3Y*: 13.89%
• 5Y*: 8.76%
• 10Y*: 8.16%

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

IPRP.L vs. WDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPRP.L iShares European Property Yield UCITS ETF	-1.60%	13.63%	-4.96%	15.42%	-33.74%	1.88%	-3.84%	18.45%	-5.36%	19.14%
WDIV SPDR S&P Global Dividend ETF	8.77%	18.10%	9.49%	2.80%	4.15%	15.53%	-12.82%	15.55%	-3.40%	8.74%

Correlation

The correlation between IPRP.L and WDIV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since May 31, 2013	0.45

IPRP.L vs. WDIV - Sectors Allocation Comparison

Sectors	IPRP.L	WDIV
Real Estate	100.0%	13.3%
Basic Materials	-	3.1%
Communication Services	-	9.8%
Consumer Cyclical	-	3.9%
Consumer Defensive	-	6.4%
Energy	-	7.1%
Financial Services	-	23.1%
Healthcare	-	4.6%
Industrials	-	12.1%
Technology	-	2.9%
Utilities	-	13.8%

Return for Risk

IPRP.L vs. WDIV — 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: 9
IPRP.L Sharpe Ratio Rank: 10
IPRP.L Sortino Ratio Rank: 9
IPRP.L Omega Ratio Rank: 9
IPRP.L Calmar Ratio Rank: 10
IPRP.L Martin Ratio Rank: 9

WDIV

WDIV Risk / Return Rank: 59
WDIV Sharpe Ratio Rank: 63
WDIV Sortino Ratio Rank: 66
WDIV Omega Ratio Rank: 62
WDIV Calmar Ratio Rank: 51
WDIV Martin Ratio Rank: 53

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. WDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) and SPDR S&P Global Dividend ETF (WDIV). 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	WDIV	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	2.69	-2.69
Sortino ratio: Return per unit of downside risk	0.10	3.93	-3.83
Omega ratio: Gain probability vs. loss probability	1.01	1.50	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.00	3.01	-3.01
Martin ratio: Return relative to average drawdown	-0.01	11.34	-11.34
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. WDIV - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is -0.00, which is lower than the WDIV Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of IPRP.L and WDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IPRP.L	WDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	2.69	-2.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.84	-1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.58	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.57	-0.47

Drawdowns

IPRP.L vs. WDIV - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -64.48%, which is greater than WDIV's maximum drawdown of -35.23%. Use the drawdown chart below to compare losses from any high point for IPRP.L and WDIV.

Drawdown Indicators

	IPRP.L	WDIV	Difference
Max Drawdown Largest peak-to-trough decline	-64.48%	-35.23%	-29.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-7.67%	-8.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.12%	-8.89%	-7.23%
Max Drawdown (5Y) Largest decline over 5 years	-48.77%	-13.34%	-35.43%
Max Drawdown (10Y) Largest decline over 10 years	-48.77%	-35.23%	-13.54%
Current Drawdown Current decline from peak	-25.40%	-0.74%	-24.66%
Average Drawdown Average peak-to-trough decline	-16.65%	-4.78%	-11.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.00%	2.03%	+3.97%

Volatility

IPRP.L vs. WDIV - Volatility Comparison

iShares European Property Yield UCITS ETF (IPRP.L) has a higher volatility of 3.97% compared to SPDR S&P Global Dividend ETF (WDIV) at 2.35%. This indicates that IPRP.L's price experiences larger fluctuations and is considered to be riskier than WDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPRP.L	WDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.35%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	6.80%	+6.27%
Volatility (1Y) Calculated over the trailing 1-year period	15.20%	8.58%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.54%	10.43%	+11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	14.10%	+5.25%

IPRP.L vs. WDIV - Expense Ratio Comparison

Both IPRP.L and WDIV have an expense ratio of 0.40%.

Dividends

IPRP.L vs. WDIV - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 2.89%, less than WDIV's 4.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPRP.L iShares European Property Yield UCITS ETF	2.89%	2.83%	2.79%	2.62%	4.20%	2.11%	2.68%	3.07%	3.24%	2.81%	2.49%	2.59%
WDIV SPDR S&P Global Dividend ETF	4.06%	4.27%	4.63%	4.73%	5.12%	4.15%	5.55%	3.99%	4.42%	3.62%	4.32%	5.03%

Frequently Asked Questions

Can I hold both IPRP.L and WDIV in my portfolio?

IPRP.L and WDIV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IPRP.L or WDIV?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPRP.L or WDIV?

IPRP.L and WDIV have the same expense ratio: 0.40% per year.

What is the main difference between IPRP.L and WDIV?

IPRP.L is categorized as REIT, while WDIV is Global Equities. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while WDIV tracks S&P Global Dividend Aristocrats Index sp_43. They also come from different issuers: iShares and State Street.