IUKP.L vs. PCTN.L
IUKP.L (iShares UK Property UCITS ETF) is REIT fund tracking the FTSE EPRA/NAREIT United Kingdom, while PCTN.L (Picton Property Income Ltd) is a stock. Over the past 10 years, IUKP.L returned 0.83%/yr vs 5.15%/yr for PCTN.L. At a 0.36 correlation, their price movements are largely independent.
Performance
IUKP.L vs. PCTN.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUKP.L achieves a 10.04% return, which is significantly higher than PCTN.L's -0.49% return. Over the past 10 years, IUKP.L has underperformed PCTN.L with an annualized return of 0.83%, while PCTN.L has yielded a comparatively higher 5.15% annualized return.
IUKP.L
- 1D
- -0.02%
- 1M
- 9.79%
- 6M
- 4.92%
- YTD
- 10.04%
- 1Y
- 13.24%
- 3Y*
- 5.09%
- 5Y*
- -2.65%
- 10Y*
- 0.83%
- ALL TIME*
- -1.09%
PCTN.L
- 1D
- -0.41%
- 1M
- 3.00%
- 6M
- -11.37%
- YTD
- -0.49%
- 1Y
- -4.95%
- 3Y*
- 4.67%
- 5Y*
- 0.51%
- 10Y*
- 5.15%
- ALL TIME*
- 3.28%
IUKP.L vs. PCTN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUKP.L iShares UK Property UCITS ETF | 10.04% | 9.29% | -12.11% | 10.25% | -31.86% | 28.41% | -16.85% | 29.42% | -13.37% | 12.07% |
PCTN.L Picton Property Income Ltd | -0.49% | 21.96% | -2.46% | -9.07% | -18.70% | 40.89% | -19.54% | 18.35% | 5.90% | 15.15% |
Correlation
The correlation between IUKP.L and PCTN.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2007 | 0.36 |
Over the past year, IUKP.L and PCTN.L have become more correlated (0.69) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
IUKP.L vs. PCTN.L — Risk / Return Rank
IUKP.L
PCTN.L
IUKP.L vs. PCTN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Property UCITS ETF (IUKP.L) and Picton Property Income Ltd (PCTN.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.
| IUKP.L | PCTN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | -0.22 | +0.99 |
| Martin ratioReturn relative to average drawdown | 2.06 | -0.48 | +2.54 |
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Drawdowns
IUKP.L vs. PCTN.L - Drawdown Comparison
The maximum IUKP.L drawdown since its inception was -79.72%, smaller than the maximum PCTN.L drawdown of -87.15%. Use the drawdown chart below to compare losses from any high point for IUKP.L and PCTN.L.
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Drawdown Indicators
| IUKP.L | PCTN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.72% | -87.15% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -22.15% | +4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.98% | -22.15% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -37.52% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -40.70% | -49.51% | +8.81% |
Current DrawdownCurrent decline from peak | -22.78% | -18.18% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -34.94% | -23.04% | -11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 10.28% | -3.86% |
Volatility
IUKP.L vs. PCTN.L - Volatility Comparison
iShares UK Property UCITS ETF (IUKP.L) has a higher volatility of 7.24% compared to Picton Property Income Ltd (PCTN.L) at 5.15%. This indicates that IUKP.L's price experiences larger fluctuations and is considered to be riskier than PCTN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUKP.L | PCTN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 5.15% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.37% | 14.52% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 19.15% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 24.28% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 28.48% | -8.59% |
Dividends
IUKP.L vs. PCTN.L - Dividend Comparison
IUKP.L's dividend yield for the trailing twelve months is around 4.03%, less than PCTN.L's 5.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKP.L iShares UK Property UCITS ETF | 4.03% | 4.14% | 4.49% | 3.53% | 3.63% | 2.01% | 1.94% | 2.78% | 3.72% | 3.05% | 2.72% | 2.39% |
PCTN.L Picton Property Income Ltd | 5.28% | 5.09% | 5.70% | 5.06% | 4.38% | 3.24% | 3.76% | 3.61% | 4.11% | 4.06% | 4.36% | 4.56% |
Frequently Asked Questions
IUKP.L and PCTN.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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