R8T.DE vs. SPYJ.DE
R8T.DE (abrdn Future Real Estate UCITS ETF) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds. R8T.DE is actively managed, while SPYJ.DE is passively managed. Over the past 3 years, R8T.DE returned 3.46%/yr vs 5.92%/yr for SPYJ.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
R8T.DE vs. SPYJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, R8T.DE achieves a 5.83% return, which is significantly lower than SPYJ.DE's 8.14% return.
R8T.DE
- 1D
- -0.18%
- 1M
- -2.52%
- YTD
- 5.83%
- 6M
- 5.30%
- 1Y
- 6.12%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
SPYJ.DE
- 1D
- 0.05%
- 1M
- -1.56%
- YTD
- 8.14%
- 6M
- 7.45%
- 1Y
- 10.28%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
R8T.DE vs. SPYJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R8T.DE abrdn Future Real Estate UCITS ETF | 5.83% | -3.97% | 2.59% | 5.29% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 5.37% |
Correlation
The correlation between R8T.DE and SPYJ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | 0.94 |
The correlation between R8T.DE and SPYJ.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
R8T.DE vs. SPYJ.DE — Risk / Return Rank
R8T.DE
SPYJ.DE
R8T.DE vs. SPYJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Future Real Estate UCITS ETF (R8T.DE) and SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE). 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.
| R8T.DE | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.16 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.46 | -1.14 |
| Martin ratioReturn relative to average drawdown | 0.55 | 4.40 | -3.85 |
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
| R8T.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.90 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.32 | -0.17 |
Drawdowns
R8T.DE vs. SPYJ.DE - Drawdown Comparison
The maximum R8T.DE drawdown since its inception was -21.76%, smaller than the maximum SPYJ.DE drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for R8T.DE and SPYJ.DE.
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Drawdown Indicators
| R8T.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.76% | -42.92% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -18.35% | -6.95% | -11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -20.29% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.92% | — |
Current DrawdownCurrent decline from peak | -11.79% | -7.72% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -11.10% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.72% | 2.31% | +8.41% |
Volatility
R8T.DE vs. SPYJ.DE - Volatility Comparison
The current volatility for abrdn Future Real Estate UCITS ETF (R8T.DE) is 2.99%, while SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a volatility of 3.15%. This indicates that R8T.DE experiences smaller price fluctuations and is considered to be less risky than SPYJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R8T.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 3.15% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.05% | 8.50% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.56% | 11.29% | +13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 15.11% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 16.96% | +1.59% |
R8T.DE vs. SPYJ.DE - Expense Ratio Comparison
Both R8T.DE and SPYJ.DE have an expense ratio of 0.40%.
Dividends
R8T.DE vs. SPYJ.DE - Dividend Comparison
R8T.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
R8T.DE abrdn Future Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
Frequently Asked Questions
With a correlation of 0.92, R8T.DE and SPYJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
R8T.DE and SPYJ.DE have the same expense ratio: 0.40% per year.
They also come from different issuers: abrdn and State Street.
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