TRET.AS vs. IWDA.AS
TRET.AS (VanEck Global Real Estate UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - TRET.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, TRET.AS returned 3.57%/yr vs 12.81%/yr for IWDA.AS. A 0.63 correlation means they provide meaningful diversification when combined. TRET.AS charges 0.25%/yr vs 0.20%/yr for IWDA.AS.
Performance
TRET.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.AS achieves a 5.17% return, which is significantly lower than IWDA.AS's 11.06% return. Over the past 10 years, TRET.AS has underperformed IWDA.AS with an annualized return of 3.57%, while IWDA.AS has yielded a comparatively higher 12.81% annualized 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%
IWDA.AS
- 1D
- -0.03%
- 1M
- 4.79%
- YTD
- 11.06%
- 6M
- 11.31%
- 1Y
- 23.80%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
TRET.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.AS VanEck Global Real Estate UCITS ETF | 5.17% | 1.05% | 8.21% | 9.09% | -21.18% | 40.50% | -14.55% | 21.60% | 0.17% | -3.69% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between TRET.AS and IWDA.AS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.63 |
Over the past year, the correlation between TRET.AS and IWDA.AS has dropped to 0.42 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
TRET.AS vs. IWDA.AS — Risk / Return Rank
TRET.AS
IWDA.AS
TRET.AS vs. IWDA.AS - 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 Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 3.64 | -2.62 |
| Martin ratioReturn relative to average drawdown | 3.30 | 14.53 | -11.23 |
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 | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.15 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.90 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.84 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.82 | -0.83 |
Drawdowns
TRET.AS vs. IWDA.AS - Drawdown Comparison
The maximum TRET.AS drawdown since its inception was -99.19%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for TRET.AS and IWDA.AS.
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Drawdown Indicators
| TRET.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.19% | -33.63% | -65.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -6.45% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -21.59% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -21.59% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | -33.63% | -8.17% |
Current DrawdownCurrent decline from peak | -97.59% | -0.34% | -97.25% |
Average DrawdownAverage peak-to-trough decline | -96.63% | -4.25% | -92.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.63% | +0.89% |
Volatility
TRET.AS vs. IWDA.AS - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.AS) has a higher volatility of 3.66% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that TRET.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS 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 | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 2.62% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 7.61% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 10.90% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 14.08% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 14.99% | +1.26% |
TRET.AS vs. IWDA.AS - Expense Ratio Comparison
TRET.AS has a 0.25% expense ratio, which is higher than IWDA.AS'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
TRET.AS vs. IWDA.AS - Dividend Comparison
TRET.AS's dividend yield for the trailing twelve months is around 3.49%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World 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 IWDA.AS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.25% for TRET.AS.
TRET.AS is categorized as REIT, while IWDA.AS is Global Equities. TRET.AS tracks FTSE EPRA Nareit Global TR USD, while IWDA.AS tracks MSCI World Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.AS and 0.20% for IWDA.AS.
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