IUSP.DE vs. IYR

Last updated Apr 2, 2026

Compare and contrast key facts about iShares US Property Yield UCITS ETF (IUSP.DE) and iShares U.S. Real Estate ETF (IYR).

IUSP.DE and IYR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSP.DE is a passively managed fund by iShares that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on Jun 20, 2011. IYR is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Real Estate Index. It was launched on Jun 12, 2000. Both IUSP.DE and IYR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IUSP.DE vs. IYR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares US Property Yield UCITS ETF (IUSP.DE) and iShares U.S. Real Estate ETF (IYR). The values are adjusted to include any dividend payments, if applicable.

IUSP.DE vs. IYR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSP.DE iShares US Property Yield UCITS ETF	-2.01%	6.45%	4.79%	9.50%	-3.59%	-2.39%	-6.15%	15.54%	-1.76%	0.77%
IYR iShares U.S. Real Estate ETF	2.90%	-8.89%	11.30%	8.54%	-20.90%	49.12%	-13.04%	31.10%	0.16%	-4.13%

Different Trading Currencies

IUSP.DE is traded in EUR, while IYR is traded in USD. To make them comparable, the IYR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUSP.DE achieves a -2.01% return, which is significantly lower than IYR's 2.90% return. Over the past 10 years, IUSP.DE has underperformed IYR with an annualized return of 2.61%, while IYR has yielded a comparatively higher 4.90% annualized return.

IUSP.DE

• 1D: 0.72%
• 1M: -2.25%
• YTD: -2.01%
• 6M: 0.98%
• 1Y: 3.48%
• 3Y*: 4.99%
• 5Y*: 3.03%
• 10Y*: 2.61%

IYR

• 1D: 0.23%
• 1M: -5.31%
• YTD: 2.90%
• 6M: 0.26%
• 1Y: -5.41%
• 3Y*: 4.20%
• 5Y*: 3.24%
• 10Y*: 4.90%

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

IUSP.DE vs. IYR - Expense Ratio Comparison

IUSP.DE has a 0.40% expense ratio, which is lower than IYR's 0.42% expense ratio.

IYR

iShares U.S. Real Estate ETF

IUSP.DE

iShares US Property Yield UCITS ETF

Return for Risk

IUSP.DE vs. IYR — Risk / Return Rank

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

IUSP.DE

IUSP.DE Risk / Return Rank: 27
IUSP.DE Sharpe Ratio Rank: 26
IUSP.DE Sortino Ratio Rank: 22
IUSP.DE Omega Ratio Rank: 25
IUSP.DE Calmar Ratio Rank: 32
IUSP.DE Martin Ratio Rank: 29

IYR

IYR Risk / Return Rank: 14
IYR Sharpe Ratio Rank: 13
IYR Sortino Ratio Rank: 13
IYR Omega Ratio Rank: 13
IYR Calmar Ratio Rank: 14
IYR Martin Ratio Rank: 15

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.

IUSP.DE vs. IYR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF (IUSP.DE) and iShares U.S. Real Estate ETF (IYR). 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.

	IUSP.DE	IYR	Difference
Sharpe ratio Return per unit of total volatility	0.50	-0.31	+0.81
Sortino ratio Return per unit of downside risk	0.69	-0.30	+0.99
Omega ratio Gain probability vs. loss probability	1.11	0.96	+0.15
Calmar ratio Return relative to maximum drawdown	0.88	-0.39	+1.27
Martin ratio Return relative to average drawdown	2.77	-0.77	+3.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSP.DE vs. IYR - Sharpe Ratio Comparison

The current IUSP.DE Sharpe Ratio is 0.50, which is higher than the IYR Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of IUSP.DE and IYR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUSP.DE	IYR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	-0.31	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.18	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.24	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.19	-0.07

Correlation

The correlation between IUSP.DE and IYR is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IUSP.DE vs. IYR - Dividend Comparison

IUSP.DE's dividend yield for the trailing twelve months is around 4.34%, more than IYR's 2.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSP.DE iShares US Property Yield UCITS ETF	4.34%	7.21%	7.03%	6.58%	7.55%	5.13%	6.21%	6.11%	6.67%	6.42%	6.34%	4.38%
IYR iShares U.S. Real Estate ETF	2.37%	2.48%	2.57%	2.75%	2.92%	2.06%	2.58%	3.05%	3.53%	3.73%	4.41%	3.92%

Drawdowns

IUSP.DE vs. IYR - Drawdown Comparison

The maximum IUSP.DE drawdown since its inception was -26.42%, smaller than the maximum IYR drawdown of -68.70%. Use the drawdown chart below to compare losses from any high point for IUSP.DE and IYR.

Drawdown Indicators

	IUSP.DE	IYR	Difference
Max Drawdown Largest peak-to-trough decline	-26.42%	-74.13%	+47.71%
Max Drawdown (1Y) Largest decline over 1 year	-4.53%	-12.20%	+7.67%
Max Drawdown (5Y) Largest decline over 5 years	-9.18%	-33.75%	+24.57%
Max Drawdown (10Y) Largest decline over 10 years	-19.74%	-42.32%	+22.58%
Current Drawdown Current decline from peak	-3.47%	-8.83%	+5.36%
Average Drawdown Average peak-to-trough decline	-9.53%	-12.97%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	3.22%	-1.78%

Volatility

IUSP.DE vs. IYR - Volatility Comparison

The current volatility for iShares US Property Yield UCITS ETF (IUSP.DE) is 3.05%, while iShares U.S. Real Estate ETF (IYR) has a volatility of 4.20%. This indicates that IUSP.DE experiences smaller price fluctuations and is considered to be less risky than IYR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUSP.DE	IYR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	4.20%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	4.93%	9.65%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	6.88%	17.67%	-10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	18.00%	-10.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.59%	20.48%	-11.89%