TRET.L vs. IDUP.L
TRET.L (VanEck Global Real Estate UCITS ETF) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - TRET.L tracks the GPR Global 100 Index while IDUP.L tracks the FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). Both are passively managed. Over the past 10 years, TRET.L returned 5.42%/yr vs 4.41%/yr for IDUP.L. A 0.71 correlation means they provide meaningful diversification when combined. TRET.L charges 0.25%/yr vs 0.40%/yr for IDUP.L.
Performance
TRET.L vs. IDUP.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.L achieves a 12.76% return, which is significantly lower than IDUP.L's 19.54% return. Over the past 10 years, TRET.L has outperformed IDUP.L with an annualized return of 5.42%, while IDUP.L has yielded a comparatively lower 4.41% annualized return.
TRET.L
- 1D
- 0.96%
- 1M
- 5.65%
- 6M
- 9.86%
- YTD
- 12.76%
- 1Y
- 19.32%
- 3Y*
- 12.34%
- 5Y*
- 3.35%
- 10Y*
- 5.42%
IDUP.L
- 1D
- 0.88%
- 1M
- 4.01%
- 6M
- 15.63%
- YTD
- 19.54%
- 1Y
- 21.72%
- 3Y*
- 11.00%
- 5Y*
- 3.85%
- 10Y*
- 4.41%
TRET.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 12.76% | 14.41% | 1.07% | 13.92% | -25.67% | 29.73% | -6.91% | 36.63% | 0.98% | -3.31% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 19.54% | 2.23% | 4.73% | 13.04% | -24.29% | 41.77% | -10.91% | 21.39% | -4.82% | 4.35% |
Correlation
The correlation between TRET.L and IDUP.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2011 | 0.71 |
Over the past year, TRET.L and IDUP.L have become more correlated (0.92) than their long-term average of 0.71, meaning their price movements have been converging.
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Return for Risk
TRET.L vs. IDUP.L — Risk / Return Rank
TRET.L
IDUP.L
TRET.L vs. IDUP.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 US Property Yield UCITS ETF USD (Dist) (IDUP.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 | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.92 | -1.09 |
| Martin ratioReturn relative to average drawdown | 6.11 | 8.01 | -1.91 |
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Drawdowns
TRET.L vs. IDUP.L - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, smaller than the maximum IDUP.L drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for TRET.L and IDUP.L.
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Drawdown Indicators
| TRET.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -75.24% | +32.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -7.41% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -20.33% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -33.70% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | -45.62% | +3.37% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -15.31% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.70% | +0.46% |
Volatility
TRET.L vs. IDUP.L - Volatility Comparison
The current volatility for VanEck Global Real Estate UCITS ETF (TRET.L) is 4.00%, while iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) has a volatility of 4.33%. This indicates that TRET.L experiences smaller price fluctuations and is considered to be less risky than IDUP.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 | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.33% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 9.99% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 13.15% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 18.39% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 20.36% | -2.38% |
TRET.L vs. IDUP.L - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is lower than IDUP.L's 0.40% expense ratio.
Dividends
TRET.L vs. IDUP.L - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.22%, more than IDUP.L's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.81% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.22% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, TRET.L and IDUP.L 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.
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 0.40% for IDUP.L.
TRET.L tracks GPR Global 100 Index, while IDUP.L tracks FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.L and 0.40% for IDUP.L.
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