ISEU.L vs. HPRD.L
ISEU.L (iShares MSCI Europe UCITS Dist) and HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) are both exchange-traded funds - ISEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, ISEU.L returned 10.91%/yr vs 2.78%/yr for HPRD.L. A 0.65 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.24%/yr for HPRD.L.
Performance
ISEU.L vs. HPRD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISEU.L achieves a 7.98% return, which is significantly lower than HPRD.L's 13.18% return. Over the past 10 years, ISEU.L has outperformed HPRD.L with an annualized return of 10.91%, while HPRD.L has yielded a comparatively lower 2.78% annualized return.
ISEU.L
- 1D
- -0.35%
- 1M
- -0.76%
- 6M
- 5.27%
- YTD
- 7.98%
- 1Y
- 18.89%
- 3Y*
- 15.47%
- 5Y*
- 9.79%
- 10Y*
- 10.91%
HPRD.L
- 1D
- 0.97%
- 1M
- 4.11%
- 6M
- 9.81%
- YTD
- 13.18%
- 1Y
- 18.27%
- 3Y*
- 10.13%
- 5Y*
- 1.91%
- 10Y*
- 2.78%
ISEU.L vs. HPRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISEU.L iShares MSCI Europe UCITS Dist | 7.98% | 35.20% | 2.21% | 19.49% | -13.72% | 15.83% | 5.72% | 23.55% | -14.36% | 26.22% |
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 13.18% | 10.91% | -0.18% | 10.87% | -24.75% | 26.42% | -8.90% | 20.07% | -8.44% | 8.28% |
Correlation
The correlation between ISEU.L and HPRD.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.65 |
The correlation between ISEU.L and HPRD.L shifts across timeframes, from 0.57 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISEU.L vs. HPRD.L — Risk / Return Rank
ISEU.L
HPRD.L
ISEU.L vs. HPRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.L) and HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.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.
| ISEU.L | HPRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.80 | -0.16 |
| Martin ratioReturn relative to average drawdown | 5.84 | 6.53 | -0.69 |
Loading charts...
Drawdowns
ISEU.L vs. HPRD.L - Drawdown Comparison
The maximum ISEU.L drawdown since its inception was -55.91%, which is greater than HPRD.L's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for ISEU.L and HPRD.L.
Loading charts...
Drawdown Indicators
| ISEU.L | HPRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -41.80% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -10.11% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -18.26% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -33.48% | +2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -36.02% | -41.80% | +5.78% |
Current DrawdownCurrent decline from peak | -1.82% | 0.00% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -13.90% | -9.87% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.79% | +0.44% |
Volatility
ISEU.L vs. HPRD.L - Volatility Comparison
iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 3.91% compared to HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) at 3.48%. This indicates that ISEU.L's price experiences larger fluctuations and is considered to be riskier than HPRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISEU.L | HPRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 3.48% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 9.95% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.36% | 12.22% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.36% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 16.90% | +0.53% |
ISEU.L vs. HPRD.L - Expense Ratio Comparison
ISEU.L has a 1.00% expense ratio, which is higher than HPRD.L's 0.24% expense ratio.
Dividends
ISEU.L vs. HPRD.L - Dividend Comparison
ISEU.L's dividend yield for the trailing twelve months is around 2.51%, less than HPRD.L's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HPRD.L HSBC FTSE EPRA NAREIT Developed UCITS ETF | 2.88% | 3.17% | 3.39% | 3.35% | 3.53% | 2.30% | 2.88% | 2.28% | 0.00% | 0.00% |
ISEU.L iShares MSCI Europe UCITS Dist | 2.51% | 2.46% | 3.00% | 2.81% | 2.86% | 2.36% | 1.91% | 3.03% | 3.28% | 2.48% |
Frequently Asked Questions
ISEU.L and HPRD.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPRD.L is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPRD.L is cheaper with a 0.24% expense ratio, compared with 1.00% for ISEU.L.
ISEU.L is categorized as Europe Equities, while HPRD.L is REIT. ISEU.L tracks MSCI Europe NR EUR, while HPRD.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 1.00% for ISEU.L and 0.24% for HPRD.L.
Find the right allocation for ISEU.L and HPRD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer