IPRV.L vs. EPRA.L
IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) and EPRA.L (Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR) are both exchange-traded funds - IPRV.L is a Financials Equities fund tracking the S&P Listed Private Equity Index, while EPRA.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, IPRV.L returned 4.37%/yr vs 1.88%/yr for EPRA.L. A 0.58 correlation means they provide meaningful diversification when combined. IPRV.L charges 0.75%/yr vs 0.10%/yr for EPRA.L.
Performance
IPRV.L vs. EPRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPRV.L achieves a -12.60% return, which is significantly lower than EPRA.L's 12.34% return.
IPRV.L
- 1D
- -1.68%
- 1M
- 0.73%
- 6M
- -14.16%
- YTD
- -12.60%
- 1Y
- -18.62%
- 3Y*
- 6.83%
- 5Y*
- 4.37%
- 10Y*
- 10.20%
- ALL TIME*
- 6.88%
EPRA.L
- 1D
- -0.58%
- 1M
- 3.29%
- 6M
- 8.96%
- YTD
- 12.34%
- 1Y
- 17.02%
- 3Y*
- 7.33%
- 5Y*
- 1.88%
- 10Y*
- —
- ALL TIME*
- 2.33%
IPRV.L vs. EPRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist) | -12.60% | -5.57% | 25.87% | 31.59% | -19.97% | 43.61% | 1.19% | 39.30% | -8.92% | 13.81% |
EPRA.L Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR | 12.34% | 3.12% | 1.31% | 4.40% | -16.02% | 27.84% | -11.99% | 17.30% | -0.56% | -13.77% |
Correlation
The correlation between IPRV.L and EPRA.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2016 | 0.58 |
Over the past year, the correlation between IPRV.L and EPRA.L has dropped to 0.37 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
IPRV.L vs. EPRA.L — Risk / Return Rank
IPRV.L
EPRA.L
IPRV.L vs. EPRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) and Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.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.
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.
| IPRV.L | EPRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.89 | -2.67 |
| Martin ratioReturn relative to average drawdown | -1.40 | 6.45 | -7.85 |
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Drawdowns
IPRV.L vs. EPRA.L - Drawdown Comparison
The maximum IPRV.L drawdown since its inception was -84.60%, which is greater than EPRA.L's maximum drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for IPRV.L and EPRA.L.
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Drawdown Indicators
| IPRV.L | EPRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.60% | -35.65% | -48.95% |
Max Drawdown (1Y)Largest decline over 1 year | -23.89% | -8.95% | -14.94% |
Max Drawdown (3Y)Largest decline over 3 years | -28.60% | -17.01% | -11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | -26.59% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.53% | — | — |
Current DrawdownCurrent decline from peak | -23.65% | -0.58% | -23.07% |
Average DrawdownAverage peak-to-trough decline | -25.81% | -11.80% | -14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.26% | 2.63% | +10.63% |
Volatility
IPRV.L vs. EPRA.L - Volatility Comparison
iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) has a higher volatility of 5.05% compared to Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) at 3.71%. This indicates that IPRV.L's price experiences larger fluctuations and is considered to be riskier than EPRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPRV.L | EPRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 3.71% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 8.90% | +6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 10.95% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 13.83% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 15.68% | +4.71% |
IPRV.L vs. EPRA.L - Expense Ratio Comparison
IPRV.L has a 0.75% expense ratio, which is higher than EPRA.L's 0.10% expense ratio.
Dividends
IPRV.L vs. EPRA.L - Dividend Comparison
IPRV.L's dividend yield for the trailing twelve months is around 3.93%, while EPRA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPRA.L Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPRV.L iShares Listed Private Equity UCITS ETF USD (Dist) | 3.93% | 3.01% | 3.00% | 3.44% | 4.39% | 2.49% | 3.84% | 3.34% | 4.92% | 5.15% | 4.01% | 5.38% |
Frequently Asked Questions
IPRV.L and EPRA.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EPRA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EPRA.L is cheaper with a 0.10% expense ratio, compared with 0.75% for IPRV.L.
IPRV.L is categorized as Financials Equities, while EPRA.L is REIT. IPRV.L tracks S&P Listed Private Equity Index, while EPRA.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.75% for IPRV.L and 0.10% for EPRA.L.
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