TRET.DE vs. AYEP.DE
TRET.DE (VanEck Global Real Estate UCITS ETF) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds - TRET.DE tracks the GPR Global 100 while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 5 years, TRET.DE returned 3.26%/yr vs -1.21%/yr for AYEP.DE. A 0.59 correlation means they provide meaningful diversification when combined. TRET.DE charges 0.25%/yr vs 0.59%/yr for AYEP.DE.
Performance
TRET.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.DE achieves a 5.31% return, which is significantly higher than AYEP.DE's -5.35% return.
TRET.DE
- 1D
- 0.19%
- 1M
- -1.75%
- YTD
- 5.31%
- 6M
- 4.13%
- 1Y
- 8.78%
- 3Y*
- 7.84%
- 5Y*
- 3.26%
- 10Y*
- —
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
TRET.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRET.DE VanEck Global Real Estate UCITS ETF | 5.31% | 1.87% | 6.86% | 9.89% | -21.28% | 40.76% | -15.21% | 22.15% | -6.95% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -7.48% | 13.37% | -16.64% | 19.27% | -2.92% |
Correlation
The correlation between TRET.DE and AYEP.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.59 |
The correlation between TRET.DE and AYEP.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
TRET.DE vs. AYEP.DE — Risk / Return Rank
TRET.DE
AYEP.DE
TRET.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.36 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.38 | 1.10 | +2.28 |
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.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.41 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.10 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.00 | +0.22 |
Drawdowns
TRET.DE vs. AYEP.DE - Drawdown Comparison
The maximum TRET.DE drawdown since its inception was -41.75%, which is greater than AYEP.DE's maximum drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for TRET.DE and AYEP.DE.
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Drawdown Indicators
| TRET.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -38.46% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -12.31% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -12.31% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.36% | -22.65% | -7.71% |
Current DrawdownCurrent decline from peak | -4.46% | -16.71% | +12.25% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -15.03% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 4.07% | -1.48% |
Volatility
TRET.DE vs. AYEP.DE - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.DE) has a higher volatility of 3.05% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that TRET.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.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.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.79% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 8.31% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 10.94% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 11.71% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 15.43% | +2.40% |
TRET.DE vs. AYEP.DE - Expense Ratio Comparison
TRET.DE has a 0.25% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
TRET.DE vs. AYEP.DE - Dividend Comparison
TRET.DE's dividend yield for the trailing twelve months is around 3.48%, while AYEP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRET.DE VanEck Global Real Estate UCITS ETF | 3.48% | 3.66% | 3.44% | 3.66% | 4.69% | 1.78% | 4.45% | 3.31% |
Frequently Asked Questions
TRET.DE and AYEP.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRET.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.DE is cheaper with a 0.25% expense ratio, compared with 0.59% for AYEP.DE.
TRET.DE tracks GPR Global 100, while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.DE and 0.59% for AYEP.DE.
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