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TRET.AS vs. SXR8.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TRET.AS vs. SXR8.DE

Last updated Jun 5, 2026

TRET.AS (VanEck Global Real Estate UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - TRET.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, TRET.AS returned 3.57%/yr vs 14.95%/yr for SXR8.DE. A 0.60 correlation means they provide meaningful diversification when combined. TRET.AS charges 0.25%/yr vs 0.07%/yr for SXR8.DE.

Performance

TRET.AS vs. SXR8.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.AS) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). The values are adjusted to include any dividend payments, if applicable.

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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 SXR8.DE's 11.37% return. Over the past 10 years, TRET.AS has underperformed SXR8.DE with an annualized return of 3.57%, while SXR8.DE has yielded a comparatively higher 14.95% 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%

SXR8.DE

1D
-0.15%
1M
5.22%
YTD
11.37%
6M
11.42%
1Y
25.63%
3Y*
18.87%
5Y*
14.77%
10Y*
14.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRET.AS vs. SXR8.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SXR8.DE
iShares Core S&P 500 UCITS ETF USD (Acc)		11.37%4.73%32.32%22.47%-14.31%40.74%6.80%34.49%-1.05%6.67%

Correlation

The correlation between TRET.AS and SXR8.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

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

0.39

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

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Mar 10, 2011

0.60

Over the past year, the correlation between TRET.AS and SXR8.DE has dropped to 0.36 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

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VanEck Global Real Estate UCITS ETF

iShares Core S&P 500 UCITS ETF USD (Acc)

Often compared with TRET.AS:
TRET.AS vs. VNQTRET.AS vs. GLRE.LTRET.AS vs. REETTRET.AS vs. EPRA.LTRET.AS vs. PFFRTRET.AS vs. XEON.DETRET.AS vs. MWRD.L
Often compared with SXR8.DE:
SXR8.DE vs. VUAA.LSXR8.DE vs. VWCE.DESXR8.DE vs. VOOSXR8.DE vs. SXRV.DESXR8.DE vs. SPY5.DESXR8.DE vs. VUAA.DESXR8.DE vs. I500.DE

Return for Risk

TRET.AS vs. SXR8.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRET.AS
TRET.AS Risk / Return Rank: 2222
Overall Rank
TRET.AS Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
TRET.AS Sortino Ratio Rank: 2121
Sortino Ratio Rank
TRET.AS Omega Ratio Rank: 2020
Omega Ratio Rank
TRET.AS Calmar Ratio Rank: 2323
Calmar Ratio Rank
TRET.AS Martin Ratio Rank: 2525
Martin Ratio Rank
SXR8.DE
SXR8.DE Risk / Return Rank: 6969
Overall Rank
SXR8.DE Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SXR8.DE Sortino Ratio Rank: 6767
Sortino Ratio Rank
SXR8.DE Omega Ratio Rank: 7070
Omega Ratio Rank
SXR8.DE Calmar Ratio Rank: 7373
Calmar Ratio Rank
SXR8.DE Martin Ratio Rank: 7070
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.

TRET.AS vs. SXR8.DE - 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 S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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.ASSXR8.DEDifference
Sharpe ratioReturn per unit of total volatility
0.70
2.21

-1.51

Sortino ratioReturn per unit of downside risk
1.04
3.00

-1.96

Omega ratioGain probability vs. loss probability

1.13

1.41

-0.28

Calmar ratioReturn relative to maximum drawdown

1.02

3.58

-2.55

Martin ratioReturn relative to average drawdown

3.30

12.71

-9.41

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

TRET.AS vs. SXR8.DE - Sharpe Ratio Comparison

The current TRET.AS Sharpe Ratio is 0.70, which is lower than the SXR8.DE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of TRET.AS and SXR8.DE, 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

TRET.ASSXR8.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.70

2.21

-1.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

0.96

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

0.92

-0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.00

0.79

-0.80

Drawdowns

TRET.AS vs. SXR8.DE - Drawdown Comparison

The maximum TRET.AS drawdown since its inception was -99.19%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for TRET.AS and SXR8.DE.

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Drawdown Indicators

TRET.ASSXR8.DEDifference

Max Drawdown

Largest peak-to-trough decline

-99.19%

-33.78%

-65.41%

Max Drawdown (1Y)

Largest decline over 1 year

-8.09%

-7.13%

-0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-17.23%

-23.32%

+6.09%

Max Drawdown (5Y)

Largest decline over 5 years

-30.50%

-23.32%

-7.18%

Max Drawdown (10Y)

Largest decline over 10 years

-41.80%

-33.78%

-8.02%

Current Drawdown

Current decline from peak

-97.59%

-0.45%

-97.14%

Average Drawdown

Average peak-to-trough decline

-96.63%

-5.17%

-91.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.52%

2.01%

+0.51%

Volatility

TRET.AS vs. SXR8.DE - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.AS) has a higher volatility of 3.66% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that TRET.AS's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TRET.ASSXR8.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

2.65%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

7.57%

+1.44%

Volatility (1Y)

Calculated over the trailing 1-year period

11.81%

11.56%

+0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.87%

15.16%

-0.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

16.09%

+0.16%

TRET.AS vs. SXR8.DE - Expense Ratio Comparison

TRET.AS has a 0.25% expense ratio, which is higher than SXR8.DE's 0.07% 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. SXR8.DE - Dividend Comparison

TRET.AS's dividend yield for the trailing twelve months is around 3.49%, while SXR8.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
SXR8.DE
iShares Core S&P 500 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 SXR8.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for TRET.AS.

TRET.AS is categorized as REIT, while SXR8.DE is S&P 500. TRET.AS tracks FTSE EPRA Nareit Global TR USD, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.AS and 0.07% for SXR8.DE.

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