TRET.AS vs. INDA
TRET.AS (VanEck Global Real Estate UCITS ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - TRET.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while INDA is a India Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 10 years, TRET.AS returned 3.92%/yr vs 6.18%/yr for INDA. At a 0.33 correlation, their price movements are largely independent. TRET.AS charges 0.25%/yr vs 0.69%/yr for INDA.
Performance
TRET.AS vs. INDA - Performance Comparison
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Different Trading Currencies
TRET.AS is traded in EUR, while INDA is traded in USD. To make them comparable, the INDA 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 14.66% return, which is significantly higher than INDA's -7.70% return. Over the past 10 years, TRET.AS has underperformed INDA with an annualized return of 3.92%, while INDA has yielded a comparatively higher 6.18% annualized return.
TRET.AS
- 1D
- 2.06%
- 1M
- 5.06%
- 6M
- 10.51%
- YTD
- 14.66%
- 1Y
- 20.68%
- 3Y*
- 10.89%
- 5Y*
- 3.75%
- 10Y*
- 3.92%
INDA
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- -7.35%
- YTD
- -7.70%
- 1Y
- -10.57%
- 3Y*
- 2.56%
- 5Y*
- 4.01%
- 10Y*
- 6.18%
TRET.AS vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.AS VanEck Global Real Estate UCITS ETF | 14.66% | 1.07% | 8.21% | 9.08% | -21.18% | 40.50% | -14.55% | 21.60% | 0.17% | -3.69% |
INDA iShares MSCI India ETF | -7.55% | -9.51% | 15.80% | 13.65% | -3.30% | 30.43% | 5.36% | 8.89% | -2.29% | 19.35% |
Correlation
The correlation between TRET.AS and INDA is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.33 |
The correlation between TRET.AS and INDA shifts across timeframes, from 0.17 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRET.AS vs. INDA — Risk / Return Rank
TRET.AS
INDA
TRET.AS vs. INDA - 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 MSCI India ETF (INDA). 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.
| TRET.AS | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.89 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.63 | +3.16 |
| Martin ratioReturn relative to average drawdown | 8.35 | -1.30 | +9.65 |
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Drawdowns
TRET.AS vs. INDA - Drawdown Comparison
The maximum TRET.AS drawdown since its inception was -99.20%, which is greater than INDA's maximum drawdown of -41.78%. Use the drawdown chart below to compare losses from any high point for TRET.AS and INDA.
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Drawdown Indicators
| TRET.AS | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.20% | -41.78% | -57.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -16.77% | +8.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -25.03% | +7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -25.03% | -5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | -41.78% | -0.02% |
Current DrawdownCurrent decline from peak | -97.41% | -19.65% | -77.76% |
Average DrawdownAverage peak-to-trough decline | -96.68% | -9.17% | -87.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 8.14% | -5.68% |
Volatility
TRET.AS vs. INDA - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.AS) has a higher volatility of 4.38% compared to iShares MSCI India ETF (INDA) at 3.78%. This indicates that TRET.AS's price experiences larger fluctuations and is considered to be riskier than INDA 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 | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.78% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 12.47% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 14.79% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 15.09% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 21.00% | -4.74% |
TRET.AS vs. INDA - Expense Ratio Comparison
TRET.AS has a 0.25% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
TRET.AS vs. INDA - Dividend Comparison
TRET.AS's dividend yield for the trailing twelve months is around 3.20%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
TRET.AS VanEck Global Real Estate UCITS ETF | 3.20% | 3.65% | 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 INDA have a correlation of 0.17, 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 0.69% for INDA.
TRET.AS is categorized as REIT, while INDA is India Equities. TRET.AS tracks FTSE EPRA Nareit Global TR USD, while INDA tracks MSCI India Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.AS and 0.69% for INDA.
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