IUKP.L vs. IWDP.L

Last updated Jun 5, 2026

IUKP.L (iShares UK Property UCITS ETF) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both REIT funds from iShares - IUKP.L tracks the FTSE EPRA/NAREIT United Kingdom while IWDP.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, IUKP.L returned -4.20%/yr vs 3.99%/yr for IWDP.L. A 0.54 correlation means they provide meaningful diversification when combined. IUKP.L charges 0.40%/yr vs 0.59%/yr for IWDP.L.

Performance

IUKP.L vs. IWDP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Property UCITS ETF (IUKP.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUKP.L achieves a -3.75% return, which is significantly lower than IWDP.L's 6.86% return. Over the past 10 years, IUKP.L has underperformed IWDP.L with an annualized return of -4.20%, while IWDP.L has yielded a comparatively higher 3.99% annualized return.

IUKP.L

• 1D: 0.96%
• 1M: 1.62%
• YTD: -3.75%
• 6M: -2.64%
• 1Y: -4.48%
• 3Y*: -3.49%
• 5Y*: -7.61%
• 10Y*: -4.20%

IWDP.L

• 1D: 0.24%
• 1M: -0.19%
• YTD: 6.86%
• 6M: 7.06%
• 1Y: 11.51%
• 3Y*: 5.75%
• 5Y*: 1.76%
• 10Y*: 3.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUKP.L vs. IWDP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUKP.L iShares UK Property UCITS ETF	-3.75%	4.80%	-15.54%	6.20%	-33.79%	25.56%	-18.46%	25.37%	-16.13%	8.55%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	6.86%	1.71%	1.22%	4.00%	-14.93%	26.93%	-12.50%	17.31%	-0.09%	1.37%

Correlation

The correlation between IUKP.L and IWDP.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 21, 2007	0.54

The correlation between IUKP.L and IWDP.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

IUKP.L vs. IWDP.L - Sectors Allocation Comparison

Sectors	IUKP.L	IWDP.L
Real Estate	99.3%	100.0%
Consumer Cyclical	0.7%	0.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IUKP.L vs. IWDP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUKP.L

IUKP.L Risk / Return Rank: 7
IUKP.L Sharpe Ratio Rank: 7
IUKP.L Sortino Ratio Rank: 7
IUKP.L Omega Ratio Rank: 7
IUKP.L Calmar Ratio Rank: 7
IUKP.L Martin Ratio Rank: 7

IWDP.L

IWDP.L Risk / Return Rank: 29
IWDP.L Sharpe Ratio Rank: 30
IWDP.L Sortino Ratio Rank: 29
IWDP.L Omega Ratio Rank: 27
IWDP.L Calmar Ratio Rank: 28
IWDP.L Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUKP.L vs. IWDP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Property UCITS ETF (IUKP.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.

	IUKP.L	IWDP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	1.05	-1.29
Sortino ratio: Return per unit of downside risk	-0.21	1.55	-1.75
Omega ratio: Gain probability vs. loss probability	0.98	1.18	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.25	1.33	-1.58
Martin ratio: Return relative to average drawdown	-0.58	4.13	-4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUKP.L vs. IWDP.L - Sharpe Ratio Comparison

The current IUKP.L Sharpe Ratio is -0.24, which is lower than the IWDP.L Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of IUKP.L and IWDP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IUKP.L	IWDP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	1.05	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.13	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.20	0.26	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.26	-0.44

Drawdowns

IUKP.L vs. IWDP.L - Drawdown Comparison

The maximum IUKP.L drawdown since its inception was -81.01%, which is greater than IWDP.L's maximum drawdown of -58.29%. Use the drawdown chart below to compare losses from any high point for IUKP.L and IWDP.L.

Drawdown Indicators

	IUKP.L	IWDP.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.01%	-58.29%	-22.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.67%	-8.61%	-9.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.37%	-16.50%	-7.87%
Max Drawdown (5Y) Largest decline over 5 years	-45.63%	-26.31%	-19.32%
Max Drawdown (10Y) Largest decline over 10 years	-45.63%	-35.66%	-9.97%
Current Drawdown Current decline from peak	-61.46%	-3.40%	-58.06%
Average Drawdown Average peak-to-trough decline	-51.12%	-11.23%	-39.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	2.78%	+4.94%

Volatility

IUKP.L vs. IWDP.L - Volatility Comparison

iShares UK Property UCITS ETF (IUKP.L) has a higher volatility of 6.51% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 3.00%. This indicates that IUKP.L's price experiences larger fluctuations and is considered to be riskier than IWDP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUKP.L	IWDP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	3.00%	+3.51%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	8.45%	+6.76%
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	10.89%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	13.76%	+7.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	15.54%	+5.30%

IUKP.L vs. IWDP.L - Expense Ratio Comparison

IUKP.L has a 0.40% expense ratio, which is lower than IWDP.L's 0.59% expense ratio.

Dividends

IUKP.L vs. IWDP.L - Dividend Comparison

IUKP.L's dividend yield for the trailing twelve months is around 0.04%, less than IWDP.L's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUKP.L iShares UK Property UCITS ETF	0.04%	0.04%	0.05%	0.04%	0.04%	0.02%	0.02%	0.03%	0.04%	0.03%	0.03%	0.02%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	3.03%	3.13%	3.17%	3.14%	3.56%	2.17%	3.11%	3.03%	3.82%	3.05%	2.96%	2.93%

Frequently Asked Questions

Can I hold both IUKP.L and IWDP.L in my portfolio?

IUKP.L and IWDP.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUKP.L or IWDP.L?

On fees, IUKP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUKP.L or IWDP.L?

IUKP.L is cheaper with a 0.40% expense ratio, compared with 0.59% for IWDP.L.

What is the main difference between IUKP.L and IWDP.L?

IUKP.L tracks FTSE EPRA/NAREIT United Kingdom, while IWDP.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.40% for IUKP.L and 0.59% for IWDP.L.