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SKUK.AS vs. HPRD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKUK.AS vs. HPRD.L

Last updated Jun 5, 2026

SKUK.AS (iShares $ Sukuk UCITS ETF USD (Dist)) and HPRD.L (HSBC FTSE EPRA NAREIT Developed UCITS ETF) are both exchange-traded funds - SKUK.AS is a Emerging Markets Bonds fund tracking the J.P. Morgan EM Aggregate Sukuk Index, while HPRD.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past year, SKUK.AS returned 4.54% vs 11.70% for HPRD.L. At a 0.32 correlation, their price movements are largely independent. SKUK.AS charges 0.40%/yr vs 0.24%/yr for HPRD.L.

Performance

SKUK.AS vs. HPRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SKUK.AS achieves a 0.16% return, which is significantly lower than HPRD.L's 6.60% return.

SKUK.AS

1D
0.34%
1M
0.32%
YTD
0.16%
6M
0.69%
1Y
4.54%
3Y*
—
5Y*
—
10Y*
—

HPRD.L

1D
0.13%
1M
-3.54%
YTD
6.60%
6M
7.46%
1Y
11.70%
3Y*
9.23%
5Y*
1.18%
10Y*
3.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKUK.AS vs. HPRD.L - Yearly Performance Comparison

2026 (YTD)20252024
SKUK.AS
iShares $ Sukuk UCITS ETF USD (Dist)		0.16%5.00%4.47%
HPRD.L
HSBC FTSE EPRA NAREIT Developed UCITS ETF		6.60%10.90%6.33%

Correlation

The correlation between SKUK.AS and HPRD.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Feb 12, 2024

0.32

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares $ Sukuk UCITS ETF USD (Dist)

HSBC FTSE EPRA NAREIT Developed UCITS ETF

Often compared with SKUK.AS:
SKUK.AS vs. SPSKSKUK.AS vs. CSPX.ASSKUK.AS vs. DFND.ASSKUK.AS vs. EUEA.ASSKUK.AS vs. IWDA.ASSKUK.AS vs. IMAE.ASSKUK.AS vs. WINC.AS
Often compared with HPRD.L:
HPRD.L vs. IWDP.ASHPRD.L vs. UKRE.LHPRD.L vs. IDVY.ASHPRD.L vs. VTHPRD.L vs. VNQHPRD.L vs. VUSA.LHPRD.L vs. VWCE.DE

Return for Risk

SKUK.AS vs. HPRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKUK.AS
SKUK.AS Risk / Return Rank: 4040
Overall Rank
SKUK.AS Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
SKUK.AS Sortino Ratio Rank: 4747
Sortino Ratio Rank
SKUK.AS Omega Ratio Rank: 4848
Omega Ratio Rank
SKUK.AS Calmar Ratio Rank: 2929
Calmar Ratio Rank
SKUK.AS Martin Ratio Rank: 3636
Martin Ratio Rank
HPRD.L
HPRD.L Risk / Return Rank: 2828
Overall Rank
HPRD.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
HPRD.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
HPRD.L Omega Ratio Rank: 2626
Omega Ratio Rank
HPRD.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
HPRD.L Martin Ratio Rank: 3030
Martin Ratio Rank
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.

SKUK.AS vs. HPRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) and HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.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.

SKUK.ASHPRD.LDifference
Sharpe ratioReturn per unit of total volatility
1.45
0.99

+0.46

Sortino ratioReturn per unit of downside risk
2.28
1.50

+0.79

Omega ratioGain probability vs. loss probability

1.30

1.18

+0.12

Calmar ratioReturn relative to maximum drawdown

1.39

1.17

+0.21

Martin ratioReturn relative to average drawdown

5.33

4.33

+1.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKUK.AS vs. HPRD.L - Sharpe Ratio Comparison

The current SKUK.AS Sharpe Ratio is 1.45, which is higher than the HPRD.L Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of SKUK.AS and HPRD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SKUK.ASHPRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.45

0.99

+0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.07

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.21

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.43

0.31

+1.12

Drawdowns

SKUK.AS vs. HPRD.L - Drawdown Comparison

The maximum SKUK.AS drawdown since its inception was -3.33%, smaller than the maximum HPRD.L drawdown of -41.81%. Use the drawdown chart below to compare losses from any high point for SKUK.AS and HPRD.L.

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Drawdown Indicators

SKUK.ASHPRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-3.33%

-41.81%

+38.48%

Max Drawdown (1Y)

Largest decline over 1 year

-3.33%

-10.12%

+6.79%

Max Drawdown (3Y)

Largest decline over 3 years

—

-18.25%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-33.48%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.81%

—

Current Drawdown

Current decline from peak

-0.61%

-3.76%

+3.15%

Average Drawdown

Average peak-to-trough decline

-0.72%

-9.43%

+8.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.87%

2.75%

-1.88%

Volatility

SKUK.AS vs. HPRD.L - Volatility Comparison

The current volatility for iShares $ Sukuk UCITS ETF USD (Dist) (SKUK.AS) is 1.24%, while HSBC FTSE EPRA NAREIT Developed UCITS ETF (HPRD.L) has a volatility of 3.69%. This indicates that SKUK.AS experiences smaller price fluctuations and is considered to be less risky than HPRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SKUK.ASHPRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.24%

3.69%

-2.45%

Volatility (6M)

Calculated over the trailing 6-month period

2.72%

9.30%

-6.58%

Volatility (1Y)

Calculated over the trailing 1-year period

3.19%

11.99%

-8.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.53%

16.32%

-12.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.53%

16.93%

-13.40%

SKUK.AS vs. HPRD.L - Expense Ratio Comparison

SKUK.AS has a 0.40% expense ratio, which is higher than HPRD.L's 0.24% expense ratio.

Dividends

SKUK.AS vs. HPRD.L - Dividend Comparison

SKUK.AS's dividend yield for the trailing twelve months is around 4.80%, more than HPRD.L's 3.06% yield.

PositionTTM20252024202320222021202020192018201720162015
HPRD.L
HSBC FTSE EPRA NAREIT Developed UCITS ETF		3.06%3.17%3.39%3.35%3.53%2.30%2.88%2.96%3.43%2.89%3.13%2.72%
SKUK.AS
iShares $ Sukuk UCITS ETF USD (Dist)		4.80%2.41%4.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SKUK.AS and HPRD.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HPRD.L is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HPRD.L is cheaper with a 0.24% expense ratio, compared with 0.40% for SKUK.AS.

SKUK.AS is categorized as Emerging Markets Bonds, while HPRD.L is REIT. SKUK.AS tracks J.P. Morgan EM Aggregate Sukuk Index, while HPRD.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.40% for SKUK.AS and 0.24% for HPRD.L.

Portfolio Optimizer

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