IWDP.L vs. TRET.L
IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) and TRET.L (VanEck Global Real Estate UCITS ETF) are both REIT funds - IWDP.L tracks the FTSE EPRA Nareit Global TR USD while TRET.L tracks the GPR Global 100 Index. Both are passively managed. Over the past 10 years, IWDP.L returned 3.63%/yr vs 5.61%/yr for TRET.L. A 0.75 correlation means they provide meaningful diversification when combined. IWDP.L charges 0.59%/yr vs 0.25%/yr for TRET.L.
Performance
IWDP.L vs. TRET.L - Performance Comparison
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Different Trading Currencies
IWDP.L is traded in GBp, while TRET.L is traded in USD. To make them comparable, the TRET.L 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 10.89% return, which is significantly higher than TRET.L's 9.68% return. Over the past 10 years, IWDP.L has underperformed TRET.L with an annualized return of 3.63%, while TRET.L has yielded a comparatively higher 5.61% annualized return.
IWDP.L
- 1D
- -0.22%
- 1M
- 1.99%
- YTD
- 10.89%
- 6M
- 12.05%
- 1Y
- 15.44%
- 3Y*
- 8.78%
- 5Y*
- 2.03%
- 10Y*
- 3.63%
TRET.L
- 1D
- 0.01%
- 1M
- 2.10%
- YTD
- 9.68%
- 6M
- 10.83%
- 1Y
- 18.10%
- 3Y*
- 11.28%
- 5Y*
- 3.89%
- 10Y*
- 5.61%
IWDP.L vs. TRET.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 | 10.89% | 1.72% | 1.23% | 3.99% | -14.93% | 26.93% | -12.50% | 17.32% | -0.09% | 1.36% |
TRET.L VanEck Global Real Estate UCITS ETF | 9.68% | 6.26% | 2.84% | 8.22% | -16.83% | 30.96% | -9.65% | 31.43% | 6.97% | -11.67% |
Correlation
The correlation between IWDP.L and TRET.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.75 |
The correlation between IWDP.L and TRET.L shifts across timeframes, from 0.75 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IWDP.L vs. TRET.L — Risk / Return Rank
IWDP.L
TRET.L
IWDP.L vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.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 | TRET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.00 | -0.22 |
| Martin ratioReturn relative to average drawdown | 5.57 | 6.18 | -0.60 |
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Drawdowns
IWDP.L vs. TRET.L - Drawdown Comparison
The maximum IWDP.L drawdown since its inception was -59.16%, which is greater than TRET.L's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IWDP.L and TRET.L.
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Drawdown Indicators
| IWDP.L | TRET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.16% | -36.12% | -23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -9.00% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -15.30% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | -27.34% | +1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | -36.12% | +0.51% |
Current DrawdownCurrent decline from peak | -0.22% | -0.71% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -10.10% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.92% | -0.16% |
Volatility
IWDP.L vs. TRET.L - Volatility Comparison
The current volatility for iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) is 3.10%, while VanEck Global Real Estate UCITS ETF (TRET.L) has a volatility of 4.59%. This indicates that IWDP.L experiences smaller price fluctuations and is considered to be less risky than TRET.L 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 | TRET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 4.59% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 10.53% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 12.72% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 15.69% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 17.74% | -2.31% |
IWDP.L vs. TRET.L - Expense Ratio Comparison
IWDP.L has a 0.59% expense ratio, which is higher than TRET.L's 0.25% expense ratio.
Dividends
IWDP.L vs. TRET.L - Dividend Comparison
IWDP.L's dividend yield for the trailing twelve months is around 2.92%, less than TRET.L's 3.38% 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 | 2.92% | 3.14% | 3.18% | 3.14% | 3.56% | 2.17% | 3.11% | 3.03% | 3.82% | 3.05% | 2.96% | 2.93% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.38% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% | 0.00% | 0.00% |
Frequently Asked Questions
IWDP.L and TRET.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.L is cheaper with a 0.25% expense ratio, compared with 0.59% for IWDP.L.
IWDP.L tracks FTSE EPRA Nareit Global TR USD, while TRET.L tracks GPR Global 100 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.59% for IWDP.L and 0.25% for TRET.L.
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