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IWDP.AS vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

IWDP.AS vs. ^GSPC

Last updated Jun 4, 2026

IWDP.AS (iShares Developed Markets Property Yield UCITS ETF USD (Dist)) is REIT fund tracking the FTSE EPRA Nareit Global TR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IWDP.AS returned 2.95%/yr vs 13.42%/yr for ^GSPC. At a 0.40 correlation, their price movements are largely independent.

Performance

IWDP.AS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWDP.AS is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDP.AS achieves a 7.91% return, which is significantly lower than ^GSPC's 11.67% return. Over the past 10 years, IWDP.AS has underperformed ^GSPC with an annualized return of 2.95%, while ^GSPC has yielded a comparatively higher 13.42% annualized return.

IWDP.AS

1D
0.41%
1M
-0.38%
YTD
7.91%
6M
8.11%
1Y
8.45%
3Y*
5.65%
5Y*
1.62%
10Y*
2.95%

^GSPC

1D
-0.52%
1M
5.65%
YTD
11.67%
6M
10.88%
1Y
24.00%
3Y*
17.62%
5Y*
13.35%
10Y*
13.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDP.AS vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWDP.AS
iShares Developed Markets Property Yield UCITS ETF USD (Dist)		7.91%-3.33%6.79%5.38%-19.61%36.11%-17.19%23.60%-1.01%-2.62%
^GSPC
S&P 500 Index		11.67%2.58%31.45%20.51%-14.45%36.38%6.68%31.79%-1.84%4.74%

Correlation

The correlation between IWDP.AS and ^GSPC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (10Y)
Calculated over the trailing 10-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2007

0.40

The correlation between IWDP.AS and ^GSPC shifts across timeframes, from 0.25 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

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iShares Developed Markets Property Yield UCITS ETF USD (Dist)

S&P 500 Index

Often compared with IWDP.AS:
IWDP.AS vs. HPRD.LIWDP.AS vs. TREG.LIWDP.AS vs. VGOV.LIWDP.AS vs. HPRO.LIWDP.AS vs. BIRDXIWDP.AS vs. VNQIWDP.AS vs. SPY
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

IWDP.AS vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWDP.AS
IWDP.AS Risk / Return Rank: 2222
Overall Rank
IWDP.AS Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IWDP.AS Sortino Ratio Rank: 2121
Sortino Ratio Rank
IWDP.AS Omega Ratio Rank: 2121
Omega Ratio Rank
IWDP.AS Calmar Ratio Rank: 2424
Calmar Ratio Rank
IWDP.AS Martin Ratio Rank: 2424
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
Martin Ratio Rank
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.

IWDP.AS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) and S&P 500 Index (^GSPC). 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.

IWDP.AS^GSPCDifference
Sharpe ratioReturn per unit of total volatility
0.77
1.96

-1.19

Sortino ratioReturn per unit of downside risk
1.14
2.57

-1.43

Omega ratioGain probability vs. loss probability

1.14

1.36

-0.22

Calmar ratioReturn relative to maximum drawdown

1.11

3.19

-2.08

Martin ratioReturn relative to average drawdown

3.24

11.89

-8.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDP.AS vs. ^GSPC - Sharpe Ratio Comparison

The current IWDP.AS Sharpe Ratio is 0.77, which is lower than the ^GSPC Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of IWDP.AS and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IWDP.AS^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.77

1.96

-1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.80

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.18

0.72

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.51

-0.33

Drawdowns

IWDP.AS vs. ^GSPC - Drawdown Comparison

The maximum IWDP.AS drawdown since its inception was -70.13%, which is greater than ^GSPC's maximum drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IWDP.AS and ^GSPC.

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Drawdown Indicators

IWDP.AS^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-70.13%

-51.62%

-18.51%

Max Drawdown (1Y)

Largest decline over 1 year

-7.55%

-7.57%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-19.92%

-23.99%

+4.07%

Max Drawdown (5Y)

Largest decline over 5 years

-29.88%

-23.99%

-5.89%

Max Drawdown (10Y)

Largest decline over 10 years

-41.55%

-33.42%

-8.13%

Current Drawdown

Current decline from peak

-7.03%

-0.52%

-6.51%

Average Drawdown

Average peak-to-trough decline

-15.78%

-9.08%

-6.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.02%

+0.57%

Volatility

IWDP.AS vs. ^GSPC - Volatility Comparison

iShares Developed Markets Property Yield UCITS ETF USD (Dist) (IWDP.AS) has a higher volatility of 3.54% compared to S&P 500 Index (^GSPC) at 2.40%. This indicates that IWDP.AS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDP.AS^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

2.40%

+1.14%

Volatility (6M)

Calculated over the trailing 6-month period

8.15%

8.64%

-0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

10.90%

12.35%

-1.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.41%

16.80%

-2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.98%

18.59%

-2.61%

Frequently Asked Questions

IWDP.AS and ^GSPC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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