SPY2.DE vs. IQQP.DE
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and IQQP.DE (iShares European Property Yield UCITS ETF) are both REIT funds - SPY2.DE tracks the Dow Jones Global Select Real Estate Securities while IQQP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. Both are passively managed. Over the past 5 years, SPY2.DE returned 2.82%/yr vs -3.96%/yr for IQQP.DE. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
SPY2.DE vs. IQQP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY2.DE achieves a 14.09% return, which is significantly higher than IQQP.DE's 2.55% return.
SPY2.DE
- 1D
- -0.15%
- 1M
- 2.73%
- YTD
- 14.09%
- 6M
- 15.32%
- 1Y
- 17.87%
- 3Y*
- 9.23%
- 5Y*
- 2.82%
- 10Y*
- —
IQQP.DE
- 1D
- 0.73%
- 1M
- -0.25%
- YTD
- 2.55%
- 6M
- 4.05%
- 1Y
- 0.10%
- 3Y*
- 13.75%
- 5Y*
- -3.96%
- 10Y*
- 1.18%
SPY2.DE vs. IQQP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 14.09% | -2.41% | 5.13% | 7.63% | -20.97% | 41.64% | -18.77% | -11.30% |
IQQP.DE iShares European Property Yield UCITS ETF | 2.55% | 8.57% | -0.80% | 17.79% | -37.24% | 8.19% | -8.94% | 4.74% |
Correlation
The correlation between SPY2.DE and IQQP.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019 | 0.61 |
The correlation between SPY2.DE and IQQP.DE has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
SPY2.DE vs. IQQP.DE — Risk / Return Rank
SPY2.DE
IQQP.DE
SPY2.DE vs. IQQP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and iShares European Property Yield UCITS ETF (IQQP.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.
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.
| SPY2.DE | IQQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.01 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 0.01 | +2.60 |
| Martin ratioReturn relative to average drawdown | 8.72 | 0.02 | +8.71 |
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Drawdowns
SPY2.DE vs. IQQP.DE - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -45.15%, smaller than the maximum IQQP.DE drawdown of -64.70%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and IQQP.DE.
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Drawdown Indicators
| SPY2.DE | IQQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.15% | -64.70% | +19.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -15.06% | +8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -17.29% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -30.75% | -49.35% | +18.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.24% | — |
Current DrawdownCurrent decline from peak | -2.82% | -25.29% | +22.47% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -20.74% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 6.25% | -4.21% |
Volatility
SPY2.DE vs. IQQP.DE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and iShares European Property Yield UCITS ETF (IQQP.DE) have volatilities of 4.04% and 4.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY2.DE | IQQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 4.15% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 12.85% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 15.00% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 21.50% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 19.30% | +0.88% |
SPY2.DE vs. IQQP.DE - Expense Ratio Comparison
Both SPY2.DE and IQQP.DE have an expense ratio of 0.40%.
Dividends
SPY2.DE vs. IQQP.DE - Dividend Comparison
SPY2.DE has not paid dividends to shareholders, while IQQP.DE's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 2.84% | 2.89% | 2.75% | 2.65% | 4.34% | 2.07% | 2.64% | 2.92% | 3.33% | 2.83% | 2.61% | 2.62% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 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
SPY2.DE and IQQP.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPY2.DE and IQQP.DE have the same expense ratio: 0.40% per year.
SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. They also come from different issuers: State Street and iShares.
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