ITB vs. TREG.L
ITB (iShares U.S. Home Construction ETF) and TREG.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, ITB returned 14.54%/yr vs 2.09%/yr for TREG.L. At a 0.38 correlation, their price movements are largely independent. ITB charges 0.38%/yr vs 0.25%/yr for TREG.L.
Performance
ITB vs. TREG.L - Performance Comparison
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Different Trading Currencies
ITB is traded in USD, while TREG.L is traded in GBP. To make them comparable, the TREG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITB achieves a 1.43% return, which is significantly lower than TREG.L's 6.46% return. Over the past 10 years, ITB has outperformed TREG.L with an annualized return of 14.54%, while TREG.L has yielded a comparatively lower 2.09% annualized return.
ITB
- 1D
- -0.01%
- 1M
- 7.17%
- YTD
- 1.43%
- 6M
- 0.59%
- 1Y
- 5.88%
- 3Y*
- 6.76%
- 5Y*
- 8.33%
- 10Y*
- 14.54%
TREG.L
- 1D
- 0.80%
- 1M
- 0.41%
- YTD
- 6.46%
- 6M
- 7.18%
- 1Y
- 11.97%
- 3Y*
- 12.49%
- 5Y*
- 2.71%
- 10Y*
- 2.09%
ITB vs. TREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 1.43% | -5.26% | 2.06% | 68.91% | -26.26% | 49.25% | 26.42% | 48.70% | -30.92% | 59.65% |
TREG.L VanEck Global Real Estate UCITS ETF | 6.46% | 14.68% | 1.06% | 13.30% | -25.65% | 30.14% | -7.29% | 7.67% | -5.85% | 5.00% |
Correlation
The correlation between ITB and TREG.L 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 | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.38 |
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Return for Risk
ITB vs. TREG.L — Risk / Return Rank
ITB
TREG.L
ITB vs. TREG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) and VanEck Global Real Estate UCITS ETF (TREG.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.
| ITB | TREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.09 | -0.86 |
| Martin ratioReturn relative to average drawdown | 0.43 | 3.72 | -3.29 |
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Drawdowns
ITB vs. TREG.L - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, which is greater than TREG.L's maximum drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for ITB and TREG.L.
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Drawdown Indicators
| ITB | TREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.53% | -52.53% | -34.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -10.92% | -15.12% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -17.05% | -16.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.55% | -33.44% | -7.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.10% | -43.09% | -9.01% |
Current DrawdownCurrent decline from peak | -23.11% | -3.88% | -19.23% |
Average DrawdownAverage peak-to-trough decline | -37.06% | -16.92% | -20.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.67% | 3.21% | +10.46% |
Volatility
ITB vs. TREG.L - Volatility Comparison
iShares U.S. Home Construction ETF (ITB) has a higher volatility of 8.66% compared to VanEck Global Real Estate UCITS ETF (TREG.L) at 4.12%. This indicates that ITB's price experiences larger fluctuations and is considered to be riskier than TREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITB | TREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 4.12% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 21.41% | 10.01% | +11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 12.43% | +17.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.37% | 16.72% | +12.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.08% | 18.23% | +11.85% |
ITB vs. TREG.L - Expense Ratio Comparison
ITB has a 0.38% expense ratio, which is higher than TREG.L's 0.25% expense ratio.
Dividends
ITB vs. TREG.L - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.66%, less than TREG.L's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.66% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.36% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% | 0.00% | 0.00% |
Frequently Asked Questions
ITB and TREG.L 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.
On fees, TREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREG.L is cheaper with a 0.25% expense ratio, compared with 0.38% for ITB.
ITB is categorized as Building & Construction, while TREG.L is REIT. ITB tracks Dow Jones U.S. Select Home Construction Index, while TREG.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.38% for ITB and 0.25% for TREG.L.
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