IPRP.L vs. WNEW.L
IPRP.L (iShares European Property Yield UCITS ETF) and WNEW.L (WisdomTree New Economy Real Estate UCITS ETF USD Dist) are both REIT funds - IPRP.L tracks the FTSE EPRA Nareit Developed Europe TR EUR while WNEW.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, IPRP.L returned 11.59%/yr vs 17.13%/yr for WNEW.L. A 0.54 correlation means they provide meaningful diversification when combined. IPRP.L charges 0.40%/yr vs 0.45%/yr for WNEW.L.
Performance
IPRP.L vs. WNEW.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPRP.L achieves a -1.05% return, which is significantly lower than WNEW.L's 23.72% return.
IPRP.L
- 1D
- -1.58%
- 1M
- -3.53%
- YTD
- -1.05%
- 6M
- -0.53%
- 1Y
- 0.82%
- 3Y*
- 11.59%
- 5Y*
- -3.66%
- 10Y*
- 2.01%
WNEW.L
- 1D
- -0.36%
- 1M
- 8.47%
- YTD
- 23.72%
- 6M
- 24.05%
- 1Y
- 53.32%
- 3Y*
- 17.13%
- 5Y*
- —
- 10Y*
- —
IPRP.L vs. WNEW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPRP.L iShares European Property Yield UCITS ETF | -1.05% | 14.18% | -4.49% | 16.04% | -29.78% |
WNEW.L WisdomTree New Economy Real Estate UCITS ETF USD Dist | 23.72% | 23.24% | -3.45% | 6.97% | -13.16% |
Correlation
The correlation between IPRP.L and WNEW.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.54 |
Over the past year, the correlation between IPRP.L and WNEW.L has dropped to 0.33 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
IPRP.L vs. WNEW.L — Risk / Return Rank
IPRP.L
WNEW.L
IPRP.L vs. WNEW.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 WisdomTree New Economy Real Estate UCITS ETF USD Dist (WNEW.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 | WNEW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.44 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 4.16 | -4.11 |
| Martin ratioReturn relative to average drawdown | 0.14 | 10.78 | -10.64 |
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 | WNEW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.72 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.44 | -0.22 |
Drawdowns
IPRP.L vs. WNEW.L - Drawdown Comparison
The maximum IPRP.L drawdown since its inception was -59.70%, which is greater than WNEW.L's maximum drawdown of -29.88%. Use the drawdown chart below to compare losses from any high point for IPRP.L and WNEW.L.
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Drawdown Indicators
| IPRP.L | WNEW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.70% | -29.88% | -29.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -12.75% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.11% | -20.58% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.44% | — | — |
Current DrawdownCurrent decline from peak | -23.32% | -1.51% | -21.81% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -14.36% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 4.93% | +0.94% |
Volatility
IPRP.L vs. WNEW.L - Volatility Comparison
The current volatility for iShares European Property Yield UCITS ETF (IPRP.L) is 4.76%, while WisdomTree New Economy Real Estate UCITS ETF USD Dist (WNEW.L) has a volatility of 7.43%. This indicates that IPRP.L experiences smaller price fluctuations and is considered to be less risky than WNEW.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 | WNEW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 7.43% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.02% | 13.87% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 19.52% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 17.21% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.33% | 17.21% | +2.12% |
IPRP.L vs. WNEW.L - Expense Ratio Comparison
IPRP.L has a 0.40% expense ratio, which is lower than WNEW.L's 0.45% expense ratio.
Dividends
IPRP.L vs. WNEW.L - Dividend Comparison
IPRP.L's dividend yield for the trailing twelve months is around 3.36%, more than WNEW.L's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPRP.L iShares European Property Yield UCITS ETF | 3.36% | 3.32% | 3.30% | 3.05% | 4.90% | 2.47% | 2.96% | 3.46% | 3.70% | 3.20% | 3.07% | 3.60% |
WNEW.L WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.29% | 1.70% | 1.83% | 1.23% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IPRP.L and WNEW.L have a correlation of 0.33, 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 0.45% for WNEW.L.
IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while WNEW.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for IPRP.L and 0.45% for WNEW.L.
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