SPYJ.DE vs. AYEP.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds - SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 5 years, SPYJ.DE returned 2.31%/yr vs -1.21%/yr for AYEP.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.59%/yr for AYEP.DE.
Performance
SPYJ.DE vs. AYEP.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly higher than AYEP.DE's -5.35% return.
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
SPYJ.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -5.99% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -7.48% | 13.37% | -16.64% | 19.27% | -2.92% |
Correlation
The correlation between SPYJ.DE and AYEP.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.58 |
The correlation between SPYJ.DE and AYEP.DE has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYJ.DE vs. AYEP.DE — Risk / Return Rank
SPYJ.DE
AYEP.DE
SPYJ.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.
| SPYJ.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.36 | +1.10 |
| Martin ratioReturn relative to average drawdown | 4.40 | 1.10 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYJ.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.41 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.10 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.00 | +0.32 |
Drawdowns
SPYJ.DE vs. AYEP.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, which is greater than AYEP.DE's maximum drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and AYEP.DE.
Loading charts...
Drawdown Indicators
| SPYJ.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -38.46% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -12.31% | +5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -12.31% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -22.65% | -8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | — | — |
Current DrawdownCurrent decline from peak | -7.72% | -16.71% | +8.99% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -15.03% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 4.07% | -1.76% |
Volatility
SPYJ.DE vs. AYEP.DE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a higher volatility of 3.15% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that SPYJ.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYJ.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.79% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 8.31% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 10.94% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 11.71% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 15.43% | +1.53% |
SPYJ.DE vs. AYEP.DE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
SPYJ.DE vs. AYEP.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, while AYEP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield 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% |
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
SPYJ.DE and AYEP.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE is cheaper with a 0.40% expense ratio, compared with 0.59% for AYEP.DE.
SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYJ.DE and 0.59% for AYEP.DE.
Find the right allocation for SPYJ.DE and AYEP.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer