TRE.L vs. EPRA.L
TRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF) and EPRA.L (Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR) are both REIT funds - TRE.L tracks the First Trust Alerian Disruptive Technology Real Estate UCITS ETF while EPRA.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, TRE.L returned 2.81%/yr vs 8.93%/yr for EPRA.L. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
TRE.L vs. EPRA.L - Performance Comparison
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Different Trading Currencies
TRE.L is traded in USD, while EPRA.L is traded in GBp. To make them comparable, the EPRA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRE.L achieves a 7.87% return, which is significantly lower than EPRA.L's 10.75% return.
TRE.L
- 1D
- 0.55%
- 1M
- -0.32%
- 6M
- 6.26%
- YTD
- 7.87%
- 1Y
- 10.69%
- 3Y*
- 2.81%
- 5Y*
- —
- 10Y*
- —
EPRA.L
- 1D
- 0.48%
- 1M
- 1.00%
- 6M
- 9.05%
- YTD
- 10.75%
- 1Y
- 15.84%
- 3Y*
- 8.93%
- 5Y*
- 1.28%
- 10Y*
- —
TRE.L vs. EPRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF | 7.87% | 7.74% | -10.98% | 13.15% | -25.64% |
EPRA.L Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR | 10.75% | 10.90% | -0.38% | 9.91% | -22.29% |
Correlation
The correlation between TRE.L and EPRA.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.84 |
The correlation between TRE.L and EPRA.L has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
TRE.L vs. EPRA.L — Risk / Return Rank
TRE.L
EPRA.L
TRE.L vs. EPRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) and Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.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.
| TRE.L | EPRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.50 | -0.29 |
| Martin ratioReturn relative to average drawdown | 3.74 | 5.47 | -1.73 |
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Drawdowns
TRE.L vs. EPRA.L - Drawdown Comparison
The maximum TRE.L drawdown since its inception was -35.43%, smaller than the maximum EPRA.L drawdown of -42.78%. Use the drawdown chart below to compare losses from any high point for TRE.L and EPRA.L.
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Drawdown Indicators
| TRE.L | EPRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -42.78% | +7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.50% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -18.35% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.59% | — |
Current DrawdownCurrent decline from peak | -14.28% | -0.44% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -21.59% | -13.18% | -8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.89% | +0.16% |
Volatility
TRE.L vs. EPRA.L - Volatility Comparison
First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) has a higher volatility of 4.97% compared to Amundi Index FTSE EPRA NAREIT Global UCITS ETF DR (EPRA.L) at 3.24%. This indicates that TRE.L's price experiences larger fluctuations and is considered to be riskier than EPRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRE.L | EPRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 3.24% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 9.36% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 11.67% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 15.96% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 17.44% | +1.16% |
Dividends
TRE.L vs. EPRA.L - Dividend Comparison
Neither TRE.L nor EPRA.L has paid dividends to shareholders.
Frequently Asked Questions
TRE.L and EPRA.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRE.L tracks First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while EPRA.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: First Trust and Amundi.
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