IQQP.DE vs. ZPRP.DE
IQQP.DE (iShares European Property Yield UCITS ETF) and ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) are both REIT funds - IQQP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+ while ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK. Both are passively managed. Over the past 10 years, IQQP.DE returned 0.54%/yr vs 0.99%/yr for ZPRP.DE. With a 0.98 correlation, they move nearly in lockstep. IQQP.DE charges 0.40%/yr vs 0.30%/yr for ZPRP.DE.
Performance
IQQP.DE vs. ZPRP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQP.DE achieves a 0.31% return, which is significantly higher than ZPRP.DE's -0.81% return. Over the past 10 years, IQQP.DE has underperformed ZPRP.DE with an annualized return of 0.54%, while ZPRP.DE has yielded a comparatively higher 0.99% annualized return.
IQQP.DE
- 1D
- 0.51%
- 1M
- -3.27%
- YTD
- 0.31%
- 6M
- 1.57%
- 1Y
- -1.56%
- 3Y*
- 10.88%
- 5Y*
- -4.17%
- 10Y*
- 0.54%
ZPRP.DE
- 1D
- 0.56%
- 1M
- -3.26%
- YTD
- -0.81%
- 6M
- 0.35%
- 1Y
- -2.54%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
IQQP.DE vs. ZPRP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 0.31% | 8.56% | -0.81% | 17.81% | -37.23% | 8.18% | -8.95% | 26.21% | -7.04% | 14.56% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 26.91% | -5.98% | 14.94% |
Correlation
The correlation between IQQP.DE and ZPRP.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.98 |
The correlation between IQQP.DE and ZPRP.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
IQQP.DE vs. ZPRP.DE — Risk / Return Rank
IQQP.DE
ZPRP.DE
IQQP.DE vs. ZPRP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IQQP.DE) and SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE). 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.
| IQQP.DE | ZPRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.15 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.26 | -0.41 | +0.14 |
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
| IQQP.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | -0.15 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.19 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.05 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.08 | +0.10 |
Drawdowns
IQQP.DE vs. ZPRP.DE - Drawdown Comparison
The maximum IQQP.DE drawdown since its inception was -64.70%, which is greater than ZPRP.DE's maximum drawdown of -48.69%. Use the drawdown chart below to compare losses from any high point for IQQP.DE and ZPRP.DE.
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Drawdown Indicators
| IQQP.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.70% | -48.69% | -16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -15.29% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -19.80% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -49.34% | -48.69% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -50.23% | -48.69% | -1.54% |
Current DrawdownCurrent decline from peak | -26.93% | -26.29% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -16.81% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 5.75% | -0.09% |
Volatility
IQQP.DE vs. ZPRP.DE - Volatility Comparison
The current volatility for iShares European Property Yield UCITS ETF (IQQP.DE) is 4.69%, while SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a volatility of 5.34%. This indicates that IQQP.DE experiences smaller price fluctuations and is considered to be less risky than ZPRP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQP.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 5.34% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 13.00% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 15.30% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 22.12% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 19.77% | -0.37% |
IQQP.DE vs. ZPRP.DE - Expense Ratio Comparison
IQQP.DE has a 0.40% expense ratio, which is higher than ZPRP.DE's 0.30% expense ratio.
Dividends
IQQP.DE vs. ZPRP.DE - Dividend Comparison
IQQP.DE's dividend yield for the trailing twelve months is around 2.89%, while ZPRP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 2.89% | 2.89% | 2.75% | 2.65% | 4.34% | 2.07% | 2.64% | 2.92% | 3.33% | 2.83% | 2.61% | 2.62% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, IQQP.DE and ZPRP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPRP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for IQQP.DE.
IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+, while ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IQQP.DE and 0.30% for ZPRP.DE.
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