TRET.L vs. CSPX.L
TRET.L (VanEck Global Real Estate UCITS ETF) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while CSPX.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, TRET.L returned 5.37%/yr vs 14.89%/yr for CSPX.L. At a 0.47 correlation, their price movements are largely independent. TRET.L charges 0.25%/yr vs 0.07%/yr for CSPX.L.
Performance
TRET.L vs. CSPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.L achieves a 11.68% return, which is significantly higher than CSPX.L's 10.36% return. Over the past 10 years, TRET.L has underperformed CSPX.L with an annualized return of 5.37%, while CSPX.L has yielded a comparatively higher 14.89% annualized return.
TRET.L
- 1D
- 2.03%
- 1M
- 3.97%
- 6M
- 9.00%
- YTD
- 11.68%
- 1Y
- 18.21%
- 3Y*
- 11.67%
- 5Y*
- 3.15%
- 10Y*
- 5.37%
CSPX.L
- 1D
- 0.11%
- 1M
- 0.38%
- 6M
- 9.07%
- YTD
- 10.36%
- 1Y
- 23.01%
- 3Y*
- 20.06%
- 5Y*
- 13.03%
- 10Y*
- 14.89%
TRET.L vs. CSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 11.68% | 14.41% | 1.07% | 13.92% | -25.67% | 29.73% | -6.91% | 36.63% | 0.98% | -3.31% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 10.36% | 17.45% | 25.25% | 26.74% | -18.72% | 29.35% | 17.62% | 30.55% | -5.46% | 21.60% |
Correlation
The correlation between TRET.L and CSPX.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.47 |
The correlation between TRET.L and CSPX.L shifts across timeframes, from 0.34 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRET.L vs. CSPX.L — Risk / Return Rank
TRET.L
CSPX.L
TRET.L vs. CSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRET.L | CSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.80 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.75 | 11.32 | -5.57 |
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Drawdowns
TRET.L vs. CSPX.L - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for TRET.L and CSPX.L.
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Drawdown Indicators
| TRET.L | CSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -33.90% | -8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -8.17% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -18.50% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -24.39% | -8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | -33.90% | -8.35% |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -3.71% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.03% | +1.13% |
Volatility
TRET.L vs. CSPX.L - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.L) has a higher volatility of 4.35% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 2.78%. This indicates that TRET.L's price experiences larger fluctuations and is considered to be riskier than CSPX.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.L | CSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 2.78% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 9.23% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 12.10% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 16.06% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 16.16% | +1.82% |
TRET.L vs. CSPX.L - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is higher than CSPX.L'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.L vs. CSPX.L - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.25%, while CSPX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSPX.L 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% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.25% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% |
Frequently Asked Questions
TRET.L and CSPX.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.25% for TRET.L.
TRET.L is categorized as REIT, while CSPX.L is S&P 500. TRET.L tracks GPR Global 100 Index, while CSPX.L tracks S&P 500 Index. They also come from different issuers: VanEck and BlackRock. Their fees differ too: 0.25% for TRET.L and 0.07% for CSPX.L.
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