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TRET.DE vs. ERN1.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TRET.DE vs. ERN1.L

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Global Real Estate UCITS ETF (TRET.DE) and iShares € Ultrashort Bond UCITS ETF (ERN1.L).

TRET.DE and ERN1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRET.DE is a passively managed fund by VanEck that tracks the performance of the GPR Global 100. It was launched on Apr 14, 2011. ERN1.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 16, 2013. Both TRET.DE and ERN1.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TRET.DE vs. ERN1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.DE) and iShares € Ultrashort Bond UCITS ETF (ERN1.L). The values are adjusted to include any dividend payments, if applicable.

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TRET.DE vs. ERN1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
TRET.DE
VanEck Global Real Estate UCITS ETF		2.73%1.87%6.86%9.89%-21.28%40.76%-15.21%22.15%-7.54%
ERN1.L
iShares € Ultrashort Bond UCITS ETF		0.03%873.42%32.25%-344.35%-0.16%-0.76%-0.09%1.30%-0.13%
Different Trading Currencies

TRET.DE is traded in EUR, while ERN1.L is traded in GBP. To make them comparable, the ERN1.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TRET.DE achieves a 2.73% return, which is significantly higher than ERN1.L's 0.03% return.

TRET.DE

1D
0.85%
1M
-6.49%
YTD
2.73%
6M
2.30%
1Y
2.22%
3Y*
7.70%
5Y*
4.10%
10Y*
—

ERN1.L

1D
0.46%
1M
-0.46%
YTD
0.03%
6M
-599.71%
1Y
868.32%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Global Real Estate UCITS ETF

iShares € Ultrashort Bond UCITS ETF

Often compared with TRET.DE:
TRET.DE vs. IWDP.LTRET.DE vs. EPRA.LTRET.DE vs. IQQ6.DETRET.DE vs. IQQP.DETRET.DE vs. VNQTRET.DE vs. REETTRET.DE vs. XHB
Often compared with ERN1.L:
ERN1.L vs. XEON.DEERN1.L vs. EUNW.DEERN1.L vs. ICSHERN1.L vs. IB01.LERN1.L vs. CE31.LERN1.L vs. EFRN.DEERN1.L vs. GLD

TRET.DE vs. ERN1.L - Expense Ratio Comparison

TRET.DE has a 0.25% expense ratio, which is higher than ERN1.L's 0.09% 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%.

TRET.DE
VanEck Global Real Estate UCITS ETF
ERN1.L
iShares € Ultrashort Bond UCITS ETF

Return for Risk

TRET.DE vs. ERN1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRET.DE
TRET.DE Risk / Return Rank: 1616
Overall Rank
TRET.DE Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
TRET.DE Sortino Ratio Rank: 1414
Sortino Ratio Rank
TRET.DE Omega Ratio Rank: 1414
Omega Ratio Rank
TRET.DE Calmar Ratio Rank: 1717
Calmar Ratio Rank
TRET.DE Martin Ratio Rank: 1919
Martin Ratio Rank
ERN1.L
ERN1.L Risk / Return Rank: 3232
Overall Rank
ERN1.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
ERN1.L Sortino Ratio Rank: 11
Sortino Ratio Rank
ERN1.L Omega Ratio Rank: 00
Omega Ratio Rank
ERN1.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
ERN1.L Martin Ratio Rank: 3131
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.DE vs. ERN1.L - 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 € Ultrashort Bond UCITS ETF (ERN1.L). 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.DEERN1.LDifference

Sharpe ratio

Return per unit of total volatility

0.15

1.30

-1.16

Sortino ratio

Return per unit of downside risk

0.29

-1.33

+1.62

Omega ratio

Gain probability vs. loss probability

1.04

0.02

+1.02

Calmar ratio

Return relative to maximum drawdown

0.27

1.44

-1.17

Martin ratio

Return relative to average drawdown

1.02

2.62

-1.59

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.DE vs. ERN1.L - Sharpe Ratio Comparison

The current TRET.DE Sharpe Ratio is 0.15, which is lower than the ERN1.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of TRET.DE and ERN1.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TRET.DEERN1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.15

1.30

-1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

—

—

Correlation

The correlation between TRET.DE and ERN1.L is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TRET.DE vs. ERN1.L - Dividend Comparison

TRET.DE's dividend yield for the trailing twelve months is around 3.48%, less than ERN1.L's 271.43% yield.

TTM20252024202320222021202020192018201720162015
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%
ERN1.L
iShares € Ultrashort Bond UCITS ETF		271.43%270.43%382.39%214.76%0.00%0.00%0.00%0.00%0.00%0.00%3.00%13.08%

Drawdowns

TRET.DE vs. ERN1.L - Drawdown Comparison

The maximum TRET.DE drawdown since its inception was -41.75%, smaller than the maximum ERN1.L drawdown of -599.69%. Use the drawdown chart below to compare losses from any high point for TRET.DE and ERN1.L.

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Drawdown Indicators

TRET.DEERN1.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.75%

-596.86%

+555.11%

Max Drawdown (1Y)

Largest decline over 1 year

-13.30%

-297.73%

+284.43%

Max Drawdown (5Y)

Largest decline over 5 years

-30.36%

-596.86%

+566.50%

Max Drawdown (10Y)

Largest decline over 10 years

—

-596.86%

—

Current Drawdown

Current decline from peak

-6.80%

-590.68%

+583.88%

Average Drawdown

Average peak-to-trough decline

-12.41%

-36.27%

+23.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

326.57%

-323.76%

Volatility

TRET.DE vs. ERN1.L - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.DE) has a higher volatility of 4.79% compared to iShares € Ultrashort Bond UCITS ETF (ERN1.L) at 0.75%. This indicates that TRET.DE's price experiences larger fluctuations and is considered to be riskier than ERN1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TRET.DEERN1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

0.75%

+4.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

1.48%

+7.11%

Volatility (1Y)

Calculated over the trailing 1-year period

15.20%

659.83%

-644.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.12%

343.74%

-328.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.94%

242.97%

-225.03%