IWDP.L vs. LCRP.L

Last updated Jun 14, 2026

IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) and LCRP.L (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) are both exchange-traded funds - IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while LCRP.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. IWDP.L charges 0.59%/yr vs 0.12%/yr for LCRP.L.

Performance

IWDP.L vs. LCRP.L - Performance Comparison

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

Different Trading Currencies

IWDP.L is traded in GBp, while LCRP.L is traded in GBP. To make them comparable, the LCRP.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

IWDP.L

• 1D: 0.87%
• 1M: 2.03%
• YTD: 10.36%
• 6M: 11.23%
• 1Y: 14.79%
• 3Y*: 7.08%
• 5Y*: 1.91%
• 10Y*: 4.14%

LCRP.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	10.36%	1.72%	1.23%	3.99%	-14.93%	26.93%	-12.50%	17.32%	-0.09%	1.36%
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	0.00%	-1.14%	0.54%	4.58%	-16.55%	-0.09%	10.01%	20.99%	-2.02%	2.21%

Correlation

The correlation between IWDP.L and LCRP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015	0.34

The correlation between IWDP.L and LCRP.L shifts across timeframes, from 0.24 (1 year) to 0.42 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

IWDP.L

IWDP.L Risk / Return Rank: 39
IWDP.L Sharpe Ratio Rank: 41
IWDP.L Sortino Ratio Rank: 41
IWDP.L Omega Ratio Rank: 38
IWDP.L Calmar Ratio Rank: 37
IWDP.L Martin Ratio Rank: 37

LCRP.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.L vs. LCRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) and SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.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.

	IWDP.L	LCRP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.28	—	—
Sortino ratio: Return per unit of downside risk	1.87	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.63	—	—
Martin ratio: Return relative to average drawdown	5.06	—	—

Drawdowns

Drawdown Indicators

	IWDP.L	LCRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	-0.24%	—	—
Average Drawdown Average peak-to-trough decline	-11.12%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	—	—

Volatility

Volatility by Period

	IWDP.L	LCRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	—	—

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

IWDP.L has a 0.59% expense ratio, which is higher than LCRP.L's 0.12% expense ratio.

Dividends

IWDP.L vs. LCRP.L - Dividend Comparison

IWDP.L's dividend yield for the trailing twelve months is around 2.93%, more than LCRP.L's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	2.93%	3.14%	3.18%	3.14%	3.56%	2.17%	3.11%	3.03%	3.82%	3.05%	2.96%	2.93%
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	2.75%	5.64%	5.14%	4.64%	4.38%	3.29%	3.49%	3.80%	3.94%	4.36%	2.52%	0.00%

Frequently Asked Questions

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

IWDP.L and LCRP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, LCRP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

LCRP.L is cheaper with a 0.12% expense ratio, compared with 0.59% for IWDP.L.

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

IWDP.L is categorized as REIT, while LCRP.L is Corporate Bonds. IWDP.L tracks FTSE EPRA Nareit Global TR USD, while LCRP.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for IWDP.L and 0.12% for LCRP.L.