IWDP.L vs. SGOV
IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, IWDP.L returned 1.76%/yr vs 4.65%/yr for SGOV. At a 0.07 correlation, their price movements are largely independent. IWDP.L charges 0.59%/yr vs 0.09%/yr for SGOV.
Performance
IWDP.L vs. SGOV - Performance Comparison
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Different Trading Currencies
IWDP.L is traded in GBp, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDP.L achieves a 6.86% return, which is significantly higher than SGOV's 1.88% return.
IWDP.L
- 1D
- 0.24%
- 1M
- -0.19%
- YTD
- 6.86%
- 6M
- 7.06%
- 1Y
- 11.51%
- 3Y*
- 5.75%
- 5Y*
- 1.76%
- 10Y*
- 3.99%
SGOV
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 1.88%
- 6M
- 1.04%
- 1Y
- 4.91%
- 3Y*
- 2.07%
- 5Y*
- 4.65%
- 10Y*
- —
IWDP.L vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 6.86% | 1.71% | 1.22% | 4.00% | -14.93% | 26.93% | 5.72% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.93% | -3.18% | 7.11% | -0.13% | 13.66% | 0.99% | -9.79% |
Correlation
The correlation between IWDP.L and SGOV is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.07 |
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Return for Risk
IWDP.L vs. SGOV — Risk / Return Rank
IWDP.L
SGOV
IWDP.L vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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.L | SGOV | 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 | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.95 | +0.38 |
| Martin ratioReturn relative to average drawdown | 4.13 | 2.59 | +1.55 |
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
| IWDP.L | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.75 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.55 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.17 | +0.09 |
Drawdowns
IWDP.L vs. SGOV - Drawdown Comparison
The maximum IWDP.L drawdown since its inception was -58.29%, which is greater than SGOV's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IWDP.L and SGOV.
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Drawdown Indicators
| IWDP.L | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.29% | -15.77% | -42.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -5.17% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -9.80% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -15.77% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.66% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -5.94% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -8.18% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 1.90% | +0.88% |
Volatility
IWDP.L vs. SGOV - Volatility Comparison
iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) has a higher volatility of 3.00% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 1.77%. This indicates that IWDP.L's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDP.L | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 1.77% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 4.99% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 6.60% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 8.56% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 8.50% | +7.04% |
IWDP.L vs. SGOV - Expense Ratio Comparison
IWDP.L has a 0.59% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IWDP.L vs. SGOV - Dividend Comparison
IWDP.L's dividend yield for the trailing twelve months is around 3.03%, less than SGOV's 3.86% 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 | 3.03% | 3.13% | 3.17% | 3.14% | 3.56% | 2.17% | 3.11% | 3.03% | 3.82% | 3.05% | 2.96% | 2.93% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWDP.L and SGOV have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.59% for IWDP.L.
IWDP.L is categorized as REIT, while SGOV is Ultrashort Bond. IWDP.L tracks FTSE EPRA Nareit Global TR USD, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.59% for IWDP.L and 0.09% for SGOV.
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