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TREG.L vs. IWDP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TREG.L vs. IWDP.L

Last updated Jun 4, 2026

TREG.L (VanEck Global Real Estate UCITS ETF) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both REIT funds tracking the FTSE EPRA Nareit Global TR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 5 years, TREG.L returned 3.19%/yr vs 1.71%/yr for IWDP.L. With a 0.96 correlation, they move nearly in lockstep. TREG.L charges 0.25%/yr vs 0.59%/yr for IWDP.L.

Performance

TREG.L vs. IWDP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Global Real Estate UCITS ETF (TREG.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TREG.L is traded in GBP, while IWDP.L is traded in GBp. To make them comparable, the IWDP.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 lower than IWDP.L's 6.61% 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*
—

IWDP.L

1D
0.40%
1M
-0.76%
YTD
6.61%
6M
6.76%
1Y
11.18%
3Y*
5.75%
5Y*
1.71%
10Y*
4.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TREG.L vs. IWDP.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TREG.L
VanEck Global Real Estate UCITS ETF		2.95%6.62%2.78%7.64%-16.77%31.33%-10.04%10.49%
IWDP.L
iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP		6.61%1.71%1.22%4.00%-14.93%26.93%-12.50%11.99%

Correlation

The correlation between TREG.L and IWDP.L is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2019

0.96

The correlation between TREG.L and IWDP.L has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

TREG.L vs. IWDP.L - Sectors Allocation Comparison

Sectors
TREG.L
IWDP.L

Real Estate

98.4%
100.0%

Consumer Cyclical

0.1%
0.0%

Financial Services

0.0%
0.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

TREG.L
98.4%
IWDP.L
100.0%

Consumer Cyclical

TREG.L
0.1%
IWDP.L
0.0%

Financial Services

TREG.L
0.0%
IWDP.L
0.1%

Basic Materials

TREG.L

-

IWDP.L

-

Communication Services

TREG.L

-

IWDP.L

-

Consumer Defensive

TREG.L

-

IWDP.L

-

Energy

TREG.L

-

IWDP.L

-

Healthcare

TREG.L

-

IWDP.L

-

Industrials

TREG.L

-

IWDP.L

-

Technology

TREG.L

-

IWDP.L

-

Utilities

TREG.L

-

IWDP.L

-

Compare stocks, funds, or ETFs

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VanEck Global Real Estate UCITS ETF

iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP

Often compared with TREG.L:
TREG.L vs. HPRO.LTREG.L vs. IWDP.ASTREG.L vs. EPRA.LTREG.L vs. BCHS.LTREG.L vs. PFFRTREG.L vs. BBOX.LTREG.L vs. VOO
Often compared with IWDP.L:
IWDP.L vs. TRET.DEIWDP.L vs. IUSP.LIWDP.L vs. VNQIWDP.L vs. HPRO.LIWDP.L vs. BIRDXIWDP.L vs. BBOX.LIWDP.L vs. ZPRP.DE

Return for Risk

TREG.L vs. IWDP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TREG.L
TREG.L Risk / Return Rank: 2424
Overall Rank
TREG.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
TREG.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
TREG.L Omega Ratio Rank: 2323
Omega Ratio Rank
TREG.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
TREG.L Martin Ratio Rank: 2525
Martin Ratio Rank
IWDP.L
IWDP.L Risk / Return Rank: 2727
Overall Rank
IWDP.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
IWDP.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
IWDP.L Omega Ratio Rank: 2626
Omega Ratio Rank
IWDP.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
IWDP.L Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TREG.L vs. IWDP.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 Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.LIWDP.LDifference
Sharpe ratioReturn per unit of total volatility
0.89
1.02

-0.14

Sortino ratioReturn per unit of downside risk
1.34
1.51

-0.17

Omega ratioGain probability vs. loss probability

1.16

1.18

-0.02

Calmar ratioReturn relative to maximum drawdown

1.08

1.29

-0.22

Martin ratioReturn relative to average drawdown

3.50

4.03

-0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TREG.L vs. IWDP.L - Sharpe Ratio Comparison

The current TREG.L Sharpe Ratio is 0.89, which is comparable to the IWDP.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of TREG.L and IWDP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TREG.LIWDP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

1.02

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.12

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.26

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.26

-0.03

Drawdowns

TREG.L vs. IWDP.L - Drawdown Comparison

The maximum TREG.L drawdown since its inception was -35.66%, smaller than the maximum IWDP.L drawdown of -58.29%. Use the drawdown chart below to compare losses from any high point for TREG.L and IWDP.L.

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Drawdown Indicators

TREG.LIWDP.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.66%

-58.29%

+22.63%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-8.61%

-0.78%

Max Drawdown (3Y)

Largest decline over 3 years

-15.30%

-16.50%

+1.20%

Max Drawdown (5Y)

Largest decline over 5 years

-26.89%

-26.31%

-0.58%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.66%

—

Current Drawdown

Current decline from peak

-6.88%

-3.63%

-3.25%

Average Drawdown

Average peak-to-trough decline

-10.40%

-11.23%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

2.77%

+0.12%

Volatility

TREG.L vs. IWDP.L - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TREG.L) has a higher volatility of 3.46% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 3.01%. This indicates that TREG.L's price experiences larger fluctuations and is considered to be riskier than IWDP.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.LIWDP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

3.01%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.15%

8.47%

+0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

11.40%

10.89%

+0.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.66%

13.76%

+0.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

15.55%

+1.42%

TREG.L vs. IWDP.L - Expense Ratio Comparison

TREG.L has a 0.25% expense ratio, which is lower than IWDP.L's 0.59% expense ratio.

Dividends

TREG.L vs. IWDP.L - Dividend Comparison

TREG.L's dividend yield for the trailing twelve months is around 3.43%, more than IWDP.L's 3.04% yield.

PositionTTM20252024202320222021202020192018201720162015
IWDP.L
iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP		3.04%3.13%3.17%3.14%3.56%2.17%3.11%3.03%3.82%3.05%2.96%2.93%
TREG.L
VanEck Global Real Estate UCITS ETF		3.43%3.57%3.48%3.64%4.54%1.82%4.49%3.41%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.93, TREG.L and IWDP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.59% for IWDP.L.

Both ETFs track FTSE EPRA Nareit Global TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TREG.L and 0.59% for IWDP.L.

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