TRET.AS vs. DPYA.L
TRET.AS (VanEck Global Real Estate UCITS ETF) and DPYA.L (iShares Developed Markets Property Yield UCITS ETF USD (Acc)) 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, TRET.AS returned 3.24%/yr vs 1.64%/yr for DPYA.L. Their correlation of 0.88 suggests significant overlap in exposure. TRET.AS charges 0.25%/yr vs 0.59%/yr for DPYA.L.
Performance
TRET.AS vs. DPYA.L - Performance Comparison
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Different Trading Currencies
TRET.AS is traded in EUR, while DPYA.L is traded in USD. To make them comparable, the DPYA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRET.AS achieves a 5.17% return, which is significantly lower than DPYA.L's 7.98% return.
TRET.AS
- 1D
- 0.05%
- 1M
- -2.38%
- YTD
- 5.17%
- 6M
- 3.91%
- 1Y
- 8.39%
- 3Y*
- 7.79%
- 5Y*
- 3.24%
- 10Y*
- 3.57%
DPYA.L
- 1D
- 0.14%
- 1M
- -0.49%
- YTD
- 7.98%
- 6M
- 8.13%
- 1Y
- 8.76%
- 3Y*
- 5.71%
- 5Y*
- 1.64%
- 10Y*
- —
TRET.AS vs. DPYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRET.AS VanEck Global Real Estate UCITS ETF | 5.17% | 1.05% | 8.21% | 9.09% | -21.18% | 40.50% | -14.55% | 21.60% | 0.77% |
DPYA.L iShares Developed Markets Property Yield UCITS ETF USD (Acc) | 7.98% | -3.72% | 6.50% | 6.41% | -19.32% | 34.72% | -16.82% | 23.79% | -0.21% |
Correlation
The correlation between TRET.AS and DPYA.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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.88 |
The correlation between TRET.AS and DPYA.L has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
TRET.AS vs. DPYA.L — Risk / Return Rank
TRET.AS
DPYA.L
TRET.AS vs. DPYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.AS) and iShares Developed Markets Property Yield UCITS ETF USD (Acc) (DPYA.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.
| TRET.AS | DPYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.16 | -0.14 |
| Martin ratioReturn relative to average drawdown | 3.30 | 3.31 | -0.01 |
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
| TRET.AS | DPYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.71 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.11 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.20 | -0.20 |
Drawdowns
TRET.AS vs. DPYA.L - Drawdown Comparison
The maximum TRET.AS drawdown since its inception was -99.19%, which is greater than DPYA.L's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for TRET.AS and DPYA.L.
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Drawdown Indicators
| TRET.AS | DPYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.19% | -42.38% | -56.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -7.52% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -19.05% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -29.97% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | — | — |
Current DrawdownCurrent decline from peak | -97.59% | -7.01% | -90.58% |
Average DrawdownAverage peak-to-trough decline | -96.63% | -12.25% | -84.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.64% | -0.12% |
Volatility
TRET.AS vs. DPYA.L - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.AS) has a higher volatility of 3.66% compared to iShares Developed Markets Property Yield UCITS ETF USD (Acc) (DPYA.L) at 3.16%. This indicates that TRET.AS's price experiences larger fluctuations and is considered to be riskier than DPYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRET.AS | DPYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.16% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 9.08% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 12.21% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 15.38% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 17.64% | -1.39% |
TRET.AS vs. DPYA.L - Expense Ratio Comparison
TRET.AS has a 0.25% expense ratio, which is lower than DPYA.L's 0.59% expense ratio.
Dividends
TRET.AS vs. DPYA.L - Dividend Comparison
TRET.AS's dividend yield for the trailing twelve months is around 3.49%, while DPYA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DPYA.L iShares Developed Markets 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% |
TRET.AS VanEck Global Real Estate UCITS ETF | 3.49% | 3.66% | 3.41% | 3.67% | 4.68% | 1.78% | 4.43% | 3.33% | 4.31% | 3.16% | 3.13% | 2.55% |
Frequently Asked Questions
TRET.AS and DPYA.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.
On fees, TRET.AS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.AS is cheaper with a 0.25% expense ratio, compared with 0.59% for DPYA.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 TRET.AS and 0.59% for DPYA.L.
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