TREG.L vs. CRPA.L
TREG.L (VanEck Global Real Estate UCITS ETF) and CRPA.L (iShares Global Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while CRPA.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past 5 years, TREG.L returned 3.19%/yr vs 1.09%/yr for CRPA.L. At a 0.30 correlation, their price movements are largely independent. TREG.L charges 0.25%/yr vs 0.20%/yr for CRPA.L.
Performance
TREG.L vs. CRPA.L - Performance Comparison
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Different Trading Currencies
TREG.L is traded in GBP, while CRPA.L is traded in USD. To make them comparable, the CRPA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, TREG.L achieves a 2.95% return, which is significantly higher than CRPA.L's 0.24% return.
TREG.L
- 1D
- -0.38%
- 1M
- -3.10%
- YTD
- 2.95%
- 6M
- 1.90%
- 1Y
- 10.15%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- —
CRPA.L
- 1D
- -0.14%
- 1M
- 0.95%
- YTD
- 0.24%
- 6M
- -0.13%
- 1Y
- 5.76%
- 3Y*
- 3.10%
- 5Y*
- 1.09%
- 10Y*
- —
TREG.L vs. CRPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TREG.L VanEck Global Real Estate UCITS ETF | 2.95% | 6.62% | 2.78% | 7.64% | -16.77% | 31.33% | -10.04% | 10.49% |
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc) | 0.24% | 2.14% | 2.88% | 3.91% | -6.39% | -2.74% | 6.84% | 7.67% |
Correlation
The correlation between TREG.L and CRPA.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.30 |
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Return for Risk
TREG.L vs. CRPA.L — Risk / Return Rank
TREG.L
CRPA.L
TREG.L vs. CRPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TREG.L) and iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.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.
| TREG.L | CRPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.40 | -0.32 |
| Martin ratioReturn relative to average drawdown | 3.50 | 3.28 | +0.22 |
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
| TREG.L | CRPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.93 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.14 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.28 | -0.05 |
Drawdowns
TREG.L vs. CRPA.L - Drawdown Comparison
The maximum TREG.L drawdown since its inception was -35.66%, which is greater than CRPA.L's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for TREG.L and CRPA.L.
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Drawdown Indicators
| TREG.L | CRPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.66% | -15.34% | -20.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -4.10% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.30% | -6.12% | -9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -12.43% | -14.46% |
Current DrawdownCurrent decline from peak | -6.88% | -3.63% | -3.25% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -6.28% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.75% | +1.14% |
Volatility
TREG.L vs. CRPA.L - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TREG.L) has a higher volatility of 3.46% compared to iShares Global Corporate Bond UCITS ETF USD (Acc) (CRPA.L) at 1.87%. This indicates that TREG.L's price experiences larger fluctuations and is considered to be riskier than CRPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREG.L | CRPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 1.87% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 5.08% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 6.19% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 7.92% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 8.35% | +8.62% |
TREG.L vs. CRPA.L - Expense Ratio Comparison
TREG.L has a 0.25% expense ratio, which is higher than CRPA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TREG.L vs. CRPA.L - Dividend Comparison
TREG.L's dividend yield for the trailing twelve months is around 3.43%, while CRPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CRPA.L iShares Global Corporate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.43% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% |
Frequently Asked Questions
TREG.L and CRPA.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRPA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRPA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for TREG.L.
TREG.L is categorized as REIT, while CRPA.L is Global Corporate Bonds. TREG.L tracks FTSE EPRA Nareit Global TR USD, while CRPA.L tracks Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TREG.L and 0.20% for CRPA.L.
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