TRET.AS vs. TRET.DE
TRET.AS (VanEck Global Real Estate UCITS ETF) and TRET.DE (VanEck Global Real Estate UCITS ETF) are both REIT funds from VanEck - TRET.AS tracks the FTSE EPRA Nareit Global TR USD while TRET.DE tracks the GPR Global 100. Both are passively managed. Over the past 5 years, TRET.AS returned 3.24%/yr vs 3.26%/yr for TRET.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.
Performance
TRET.AS vs. TRET.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TRET.AS having a 5.17% return and TRET.DE slightly higher at 5.31%.
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%
TRET.DE
- 1D
- 0.19%
- 1M
- -1.75%
- YTD
- 5.31%
- 6M
- 4.13%
- 1Y
- 8.78%
- 3Y*
- 7.84%
- 5Y*
- 3.26%
- 10Y*
- —
TRET.AS vs. TRET.DE - 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% | -6.21% |
TRET.DE VanEck Global Real Estate UCITS ETF | 5.31% | 1.87% | 6.86% | 9.89% | -21.28% | 40.76% | -15.21% | 22.15% | -7.54% |
Correlation
The correlation between TRET.AS and TRET.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.95 |
The correlation between TRET.AS and TRET.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
TRET.AS vs. TRET.DE — Risk / Return Rank
TRET.AS
TRET.DE
TRET.AS vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.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.AS | TRET.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.05 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.30 | 3.38 | -0.08 |
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 | TRET.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.75 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.21 | 0.00 |
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 | 0.22 | -0.22 |
Drawdowns
TRET.AS vs. TRET.DE - Drawdown Comparison
The maximum TRET.AS drawdown since its inception was -99.19%, which is greater than TRET.DE's maximum drawdown of -41.75%. Use the drawdown chart below to compare losses from any high point for TRET.AS and TRET.DE.
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Drawdown Indicators
| TRET.AS | TRET.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.19% | -41.75% | -57.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -8.35% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -18.60% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -30.36% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -41.80% | — | — |
Current DrawdownCurrent decline from peak | -97.59% | -4.46% | -93.13% |
Average DrawdownAverage peak-to-trough decline | -96.63% | -12.19% | -84.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.59% | -0.07% |
Volatility
TRET.AS vs. TRET.DE - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.AS) has a higher volatility of 3.66% compared to VanEck Global Real Estate UCITS ETF (TRET.DE) at 3.05%. This indicates that TRET.AS's price experiences larger fluctuations and is considered to be riskier than TRET.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.AS | TRET.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 3.05% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 9.21% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 11.66% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 15.15% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 17.83% | -1.58% |
TRET.AS vs. TRET.DE - Expense Ratio Comparison
Both TRET.AS and TRET.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRET.AS vs. TRET.DE - Dividend Comparison
TRET.AS's dividend yield for the trailing twelve months is around 3.49%, which matches TRET.DE's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRET.DE VanEck Global Real Estate UCITS ETF | 3.48% | 3.66% | 3.44% | 3.66% | 4.69% | 1.78% | 4.45% | 3.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, TRET.AS and TRET.DE 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.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.AS and TRET.DE have the same expense ratio: 0.25% per year.
TRET.AS tracks FTSE EPRA Nareit Global TR USD, while TRET.DE tracks GPR Global 100.
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