IUSP.L vs. ZPRI.DE
IUSP.L (iShares US Property Yield UCITS ETF) and ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) are both exchange-traded funds - IUSP.L is a REIT fund tracking the FTSE EPRA Nareit United States TR USD, while ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure. Both are passively managed. Over the past 10 years, IUSP.L returned 6.52%/yr vs 5.93%/yr for ZPRI.DE. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
IUSP.L vs. ZPRI.DE - Performance Comparison
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Different Trading Currencies
IUSP.L is traded in GBp, while ZPRI.DE is traded in EUR. To make them comparable, the ZPRI.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUSP.L achieves a 13.45% return, which is significantly higher than ZPRI.DE's 4.28% return. Over the past 10 years, IUSP.L has outperformed ZPRI.DE with an annualized return of 6.52%, while ZPRI.DE has yielded a comparatively lower 5.93% annualized return.
IUSP.L
- 1D
- 0.01%
- 1M
- 2.07%
- YTD
- 13.45%
- 6M
- 13.27%
- 1Y
- 16.59%
- 3Y*
- 8.66%
- 5Y*
- 5.55%
- 10Y*
- 6.52%
ZPRI.DE
- 1D
- -0.42%
- 1M
- -0.49%
- YTD
- 4.28%
- 6M
- 3.63%
- 1Y
- 11.81%
- 3Y*
- 6.30%
- 5Y*
- 3.70%
- 10Y*
- 5.93%
IUSP.L vs. ZPRI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSP.L iShares US Property Yield UCITS ETF | 13.45% | -3.93% | 7.50% | 7.68% | -14.52% | 44.90% | -13.29% | 18.62% | 2.32% | -4.08% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 4.28% | 7.23% | 4.12% | 1.48% | -2.83% | 6.27% | 3.64% | 14.57% | 3.00% | 2.88% |
Correlation
The correlation between IUSP.L and ZPRI.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.50 |
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Return for Risk
IUSP.L vs. ZPRI.DE — Risk / Return Rank
IUSP.L
ZPRI.DE
IUSP.L vs. ZPRI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF (IUSP.L) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE). 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.L | ZPRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.90 | -0.31 |
| Martin ratioReturn relative to average drawdown | 6.00 | 8.26 | -2.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSP.L | ZPRI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.62 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.36 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.52 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.49 | -0.15 |
Drawdowns
IUSP.L vs. ZPRI.DE - Drawdown Comparison
The maximum IUSP.L drawdown since its inception was -62.68%, which is greater than ZPRI.DE's maximum drawdown of -16.88%. Use the drawdown chart below to compare losses from any high point for IUSP.L and ZPRI.DE.
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Drawdown Indicators
| IUSP.L | ZPRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.68% | -16.88% | -45.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -4.06% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -8.94% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -26.86% | -12.18% | -14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.97% | -16.88% | -22.09% |
Current DrawdownCurrent decline from peak | -2.07% | -2.59% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -3.90% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.43% | +1.33% |
Volatility
IUSP.L vs. ZPRI.DE - Volatility Comparison
iShares US Property Yield UCITS ETF (IUSP.L) has a higher volatility of 3.53% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) at 2.26%. This indicates that IUSP.L's price experiences larger fluctuations and is considered to be riskier than ZPRI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSP.L | ZPRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 2.26% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 5.87% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 7.26% | +5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.64% | 10.14% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 11.27% | +8.17% |
IUSP.L vs. ZPRI.DE - Expense Ratio Comparison
Both IUSP.L and ZPRI.DE have an expense ratio of 0.40%.
Dividends
IUSP.L vs. ZPRI.DE - Dividend Comparison
IUSP.L's dividend yield for the trailing twelve months is around 4.01%, more than ZPRI.DE's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSP.L iShares US Property Yield UCITS ETF | 4.01% | 4.31% | 3.87% | 4.00% | 4.62% | 2.87% | 4.40% | 4.08% | 5.87% | 4.28% | 4.37% | 4.42% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 2.91% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 2.21% | 1.19% |
Frequently Asked Questions
IUSP.L and ZPRI.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSP.L and ZPRI.DE have the same expense ratio: 0.40% per year.
IUSP.L is categorized as REIT, while ZPRI.DE is Diversified Portfolio. IUSP.L tracks FTSE EPRA Nareit United States TR USD, while ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure. They also come from different issuers: iShares and State Street.
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