TREG.L vs. IDUP.L
TREG.L (VanEck Global Real Estate UCITS ETF) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - TREG.L tracks the FTSE EPRA Nareit Global TR USD while IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, TREG.L returned 1.89%/yr vs 3.90%/yr for IDUP.L. A 0.68 correlation means they provide meaningful diversification when combined. TREG.L charges 0.25%/yr vs 0.40%/yr for IDUP.L.
Performance
TREG.L vs. IDUP.L - Performance Comparison
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Different Trading Currencies
TREG.L is traded in GBP, while IDUP.L is traded in USD. To make them comparable, the IDUP.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 9.24% return, which is significantly lower than IDUP.L's 15.56% return. Over the past 10 years, TREG.L has underperformed IDUP.L with an annualized return of 1.89%, while IDUP.L has yielded a comparatively higher 3.90% annualized return.
TREG.L
- 1D
- -0.81%
- 1M
- 0.83%
- 6M
- 7.74%
- YTD
- 9.24%
- 1Y
- 15.17%
- 3Y*
- 9.86%
- 5Y*
- 3.20%
- 10Y*
- 1.89%
IDUP.L
- 1D
- 0.00%
- 1M
- -0.94%
- 6M
- 13.74%
- YTD
- 15.56%
- 1Y
- 17.06%
- 3Y*
- 8.23%
- 5Y*
- 3.59%
- 10Y*
- 3.90%
TREG.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TREG.L VanEck Global Real Estate UCITS ETF | 9.24% | 6.64% | 2.78% | 7.62% | -16.75% | 31.33% | -10.05% | 3.51% | -0.21% | -4.12% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 15.56% | -5.06% | 6.56% | 7.39% | -15.29% | 43.12% | -13.53% | 16.77% | 0.82% | -4.68% |
Correlation
The correlation between TREG.L and IDUP.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.68 |
The correlation between TREG.L and IDUP.L shifts across timeframes, from 0.68 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TREG.L vs. IDUP.L — Risk / Return Rank
TREG.L
IDUP.L
TREG.L vs. IDUP.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 US Property Yield UCITS ETF USD (Dist) (IDUP.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.
| TREG.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.69 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.07 | 6.25 | -1.18 |
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Drawdowns
TREG.L vs. IDUP.L - Drawdown Comparison
The maximum TREG.L drawdown since its inception was -38.57%, smaller than the maximum IDUP.L drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for TREG.L and IDUP.L.
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Drawdown Indicators
| TREG.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.57% | -59.86% | +21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.47% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -21.22% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | -26.89% | -28.14% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.67% | -39.54% | +3.87% |
Current DrawdownCurrent decline from peak | -2.26% | -3.63% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -10.97% | -11.10% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.79% | +0.20% |
Volatility
TREG.L vs. IDUP.L - Volatility Comparison
The current volatility for VanEck Global Real Estate UCITS ETF (TREG.L) is 3.85%, while iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a volatility of 4.56%. This indicates that TREG.L experiences smaller price fluctuations and is considered to be less risky than IDUP.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 | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.56% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 10.58% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 13.57% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 17.67% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 19.89% | -3.88% |
TREG.L vs. IDUP.L - Expense Ratio Comparison
TREG.L has a 0.25% expense ratio, which is lower than IDUP.L's 0.40% expense ratio.
Dividends
TREG.L vs. IDUP.L - Dividend Comparison
TREG.L's dividend yield for the trailing twelve months is around 3.34%, more than IDUP.L's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.90% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.34% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% | 0.00% | 0.00% |
Frequently Asked Questions
TREG.L and IDUP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREG.L is cheaper with a 0.25% expense ratio, compared with 0.40% for IDUP.L.
TREG.L tracks FTSE EPRA Nareit Global TR USD, while IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TREG.L and 0.40% for IDUP.L.
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