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TRET.L vs. IASP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TRET.L vs. IASP.L

Last updated Jun 4, 2026

TRET.L (VanEck Global Real Estate UCITS ETF) and IASP.L (iShares Asia Property Yield UCITS ETF) are both REIT funds - TRET.L tracks the GPR Global 100 Index while IASP.L tracks the FTSE EPRA Nareit Developed Asia TR USD. Both are passively managed. Over the past 5 years, TRET.L returned 2.29%/yr vs -5.63%/yr for IASP.L. A 0.61 correlation means they provide meaningful diversification when combined. TRET.L charges 0.25%/yr vs 0.59%/yr for IASP.L.

Performance

TRET.L vs. IASP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.L) and iShares Asia Property Yield UCITS ETF (IASP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TRET.L is traded in USD, while IASP.L is traded in GBp. To make them comparable, the IASP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TRET.L achieves a 3.80% return, which is significantly higher than IASP.L's -8.02% return.

TRET.L

1D
0.29%
1M
-3.52%
YTD
3.80%
6M
3.63%
1Y
10.56%
3Y*
10.72%
5Y*
2.29%
10Y*
—

IASP.L

1D
-1.26%
1M
-7.40%
YTD
-8.02%
6M
-7.51%
1Y
2.29%
3Y*
-0.55%
5Y*
-5.63%
10Y*
-1.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TRET.L vs. IASP.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TRET.L
VanEck Global Real Estate UCITS ETF		3.80%14.43%1.05%13.94%-25.68%29.73%-6.91%10.01%
IASP.L
iShares Asia Property Yield UCITS ETF		-8.02%26.04%-13.25%-6.20%-15.06%1.66%-11.97%7.08%

Correlation

The correlation between TRET.L and IASP.L is 0.58, 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

0.58

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

0.59

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

0.61

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2019

0.61

The correlation between TRET.L and IASP.L has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.

TRET.L vs. IASP.L - Sectors Allocation Comparison

Sectors
TRET.L
IASP.L

Real Estate

99.9%
100.0%

Consumer Cyclical

0.1%

-

Financial Services

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

TRET.L
99.9%
IASP.L
100.0%

Consumer Cyclical

TRET.L
0.1%
IASP.L

-

Financial Services

TRET.L
0.0%
IASP.L

-

Basic Materials

TRET.L

-

IASP.L

-

Communication Services

TRET.L

-

IASP.L

-

Consumer Defensive

TRET.L

-

IASP.L

-

Energy

TRET.L

-

IASP.L

-

Healthcare

TRET.L

-

IASP.L

-

Industrials

TRET.L

-

IASP.L

-

Technology

TRET.L

-

IASP.L

-

Utilities

TRET.L

-

IASP.L

-

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 Asia Property Yield UCITS ETF

Often compared with TRET.L:
TRET.L vs. DPYE.LTRET.L vs. BRNT.LTRET.L vs. DTRE.LTRET.L vs. QOZ.AXTRET.L vs. HPRD.LTRET.L vs. WNEW.LTRET.L vs. HPRO.L
Often compared with IASP.L:
IASP.L vs. TDIV.ASIASP.L vs. REETIASP.L vs. SCHDIASP.L vs. AVUVIASP.L vs. VGTIASP.L vs. VOOIASP.L vs. AREG.L

Return for Risk

TRET.L vs. IASP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TRET.L
TRET.L Risk / Return Rank: 2525
Overall Rank
TRET.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
TRET.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
TRET.L Omega Ratio Rank: 2424
Omega Ratio Rank
TRET.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
TRET.L Martin Ratio Rank: 2727
Martin Ratio Rank
IASP.L
IASP.L Risk / Return Rank: 1212
Overall Rank
IASP.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
IASP.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
IASP.L Omega Ratio Rank: 1212
Omega Ratio Rank
IASP.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
IASP.L Martin Ratio Rank: 1212
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.L vs. IASP.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 Asia Property Yield UCITS ETF (IASP.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.LIASP.LDifference
Sharpe ratioReturn per unit of total volatility
0.85
0.17

+0.68

Sortino ratioReturn per unit of downside risk
1.29
0.34

+0.95

Omega ratioGain probability vs. loss probability

1.15

1.04

+0.11

Calmar ratioReturn relative to maximum drawdown

1.00

0.16

+0.85

Martin ratioReturn relative to average drawdown

3.53

0.47

+3.06

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.L vs. IASP.L - Sharpe Ratio Comparison

The current TRET.L Sharpe Ratio is 0.85, which is higher than the IASP.L Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of TRET.L and IASP.L, 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.LIASP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

0.17

+0.68

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.14

-0.40

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

-0.10

+0.31

Drawdowns

TRET.L vs. IASP.L - Drawdown Comparison

The maximum TRET.L drawdown since its inception was -42.26%, smaller than the maximum IASP.L drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for TRET.L and IASP.L.

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Drawdown Indicators

TRET.LIASP.LDifference

Max Drawdown

Largest peak-to-trough decline

-42.26%

-71.12%

+28.86%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-14.70%

+4.21%

Max Drawdown (3Y)

Largest decline over 3 years

-16.92%

-17.98%

+1.06%

Max Drawdown (5Y)

Largest decline over 5 years

-33.35%

-38.59%

+5.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.07%

—

Current Drawdown

Current decline from peak

-6.09%

-43.55%

+37.46%

Average Drawdown

Average peak-to-trough decline

-11.96%

-35.42%

+23.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

4.81%

-1.83%

Volatility

TRET.L vs. IASP.L - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.L) and iShares Asia Property Yield UCITS ETF (IASP.L) have volatilities of 4.02% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TRET.LIASP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.02%

4.00%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.65%

10.24%

-0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

12.34%

13.06%

-0.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.82%

13.95%

+2.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.18%

15.81%

+3.37%

TRET.L vs. IASP.L - Expense Ratio Comparison

TRET.L has a 0.25% expense ratio, which is lower than IASP.L's 0.59% expense ratio.

Dividends

TRET.L vs. IASP.L - Dividend Comparison

TRET.L's dividend yield for the trailing twelve months is around 4.51%, more than IASP.L's 0.04% yield.

PositionTTM20252024202320222021202020192018201720162015
IASP.L
iShares Asia Property Yield UCITS ETF		0.04%0.03%0.04%0.04%0.04%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
TRET.L
VanEck Global Real Estate UCITS ETF		4.51%3.54%3.56%3.54%4.56%1.86%4.18%0.62%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TRET.L and IASP.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TRET.L is cheaper with a 0.25% expense ratio, compared with 0.59% for IASP.L.

TRET.L tracks GPR Global 100 Index, while IASP.L tracks FTSE EPRA Nareit Developed Asia TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.L and 0.59% for IASP.L.

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