IWDP.L vs. VPN.L
IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) and VPN.L (Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc) are both REIT funds - IWDP.L tracks the FTSE EPRA Nareit Global TR USD while VPN.L tracks the Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, IWDP.L returned 7.12%/yr vs 26.49%/yr for VPN.L. A 0.54 correlation means they provide meaningful diversification when combined. IWDP.L charges 0.59%/yr vs 0.50%/yr for VPN.L.
Performance
IWDP.L vs. VPN.L - Performance Comparison
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Different Trading Currencies
IWDP.L is traded in GBp, while VPN.L is traded in USD. To make them comparable, the VPN.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 9.64% return, which is significantly lower than VPN.L's 32.81% return.
IWDP.L
- 1D
- -0.51%
- 1M
- -0.41%
- 6M
- 7.69%
- YTD
- 9.64%
- 1Y
- 12.63%
- 3Y*
- 7.12%
- 5Y*
- 1.15%
- 10Y*
- 2.79%
VPN.L
- 1D
- 0.00%
- 1M
- -11.83%
- 6M
- 20.60%
- YTD
- 32.81%
- 1Y
- 48.67%
- 3Y*
- 26.49%
- 5Y*
- —
- 10Y*
- —
IWDP.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP | 9.64% | 1.72% | 1.23% | 3.99% | -14.93% | 1.27% |
VPN.L Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc | 32.81% | 20.10% | 15.53% | 11.80% | -22.12% | 1.39% |
Correlation
The correlation between IWDP.L and VPN.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.54 |
Over the past year, the correlation between IWDP.L and VPN.L has dropped to 0.28 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
IWDP.L vs. VPN.L — Risk / Return Rank
IWDP.L
VPN.L
IWDP.L vs. VPN.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 Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc (VPN.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 | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.38 | -1.92 |
| Martin ratioReturn relative to average drawdown | 4.51 | 9.82 | -5.31 |
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Drawdowns
IWDP.L vs. VPN.L - Drawdown Comparison
The maximum IWDP.L drawdown since its inception was -59.16%, which is greater than VPN.L's maximum drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for IWDP.L and VPN.L.
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Drawdown Indicators
| IWDP.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.16% | -26.92% | -32.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -14.51% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -26.71% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -26.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -14.51% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -11.30% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 5.00% | -2.21% |
Volatility
IWDP.L vs. VPN.L - Volatility Comparison
The current volatility for iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) is 3.52%, while Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc (VPN.L) has a volatility of 7.89%. This indicates that IWDP.L experiences smaller price fluctuations and is considered to be less risky than VPN.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 | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 7.89% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 16.82% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 23.13% | -12.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 21.36% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 21.36% | -5.96% |
IWDP.L vs. VPN.L - Expense Ratio Comparison
IWDP.L has a 0.59% expense ratio, which is higher than VPN.L's 0.50% expense ratio.
Dividends
IWDP.L vs. VPN.L - Dividend Comparison
IWDP.L's dividend yield for the trailing twelve months is around 2.95%, while VPN.L has not paid dividends to shareholders.
| 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 | 2.95% | 3.14% | 3.18% | 3.14% | 3.56% | 2.17% | 3.11% | 3.03% | 3.82% | 3.05% | 2.96% | 2.93% |
VPN.L Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWDP.L and VPN.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VPN.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VPN.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IWDP.L.
IWDP.L tracks FTSE EPRA Nareit Global TR USD, while VPN.L tracks Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc. They also come from different issuers: iShares and Global X. Their fees differ too: 0.59% for IWDP.L and 0.50% for VPN.L.
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