TRET.L vs. QDVX.DE
TRET.L (VanEck Global Real Estate UCITS ETF) and QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while QDVX.DE is a Europe Equities fund tracking the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. Both are passively managed. Over the past 5 years, TRET.L returned 2.69%/yr vs 9.47%/yr for QDVX.DE. A 0.52 correlation means they provide meaningful diversification when combined. TRET.L charges 0.25%/yr vs 0.28%/yr for QDVX.DE.
Performance
TRET.L vs. QDVX.DE - Performance Comparison
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Different Trading Currencies
TRET.L is traded in USD, while QDVX.DE is traded in EUR. To make them comparable, the QDVX.DE 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 8.17% return, which is significantly higher than QDVX.DE's 5.94% return.
TRET.L
- 1D
- -0.25%
- 1M
- 2.98%
- YTD
- 8.17%
- 6M
- 8.79%
- 1Y
- 14.84%
- 3Y*
- 11.42%
- 5Y*
- 2.69%
- 10Y*
- 5.65%
QDVX.DE
- 1D
- 0.37%
- 1M
- 3.95%
- YTD
- 5.94%
- 6M
- 7.20%
- 1Y
- 11.99%
- 3Y*
- 13.88%
- 5Y*
- 9.47%
- 10Y*
- —
TRET.L vs. QDVX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 8.17% | 14.41% | 1.07% | 13.92% | -25.67% | 29.73% | -6.91% | 36.63% | 0.98% | -1.88% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 5.94% | 25.64% | 4.46% | 18.85% | -4.73% | 9.47% | -1.22% | 24.03% | -10.89% | 7.10% |
Correlation
The correlation between TRET.L and QDVX.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.52 |
The correlation between TRET.L and QDVX.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
TRET.L vs. QDVX.DE — Risk / Return Rank
TRET.L
QDVX.DE
TRET.L vs. QDVX.DE - 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 MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.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.
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 | QDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.14 | +0.27 |
| Martin ratioReturn relative to average drawdown | 4.82 | 3.72 | +1.10 |
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Drawdowns
TRET.L vs. QDVX.DE - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, which is greater than QDVX.DE's maximum drawdown of -39.78%. Use the drawdown chart below to compare losses from any high point for TRET.L and QDVX.DE.
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Drawdown Indicators
| TRET.L | QDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -39.78% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -10.46% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -12.80% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -25.89% | -7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -1.14% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -5.86% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.20% | -0.13% |
Volatility
TRET.L vs. QDVX.DE - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.L) has a higher volatility of 4.41% compared to iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) at 3.74%. This indicates that TRET.L's price experiences larger fluctuations and is considered to be riskier than QDVX.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.L | QDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.74% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 10.27% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 13.18% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 16.04% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 17.31% | +0.67% |
TRET.L vs. QDVX.DE - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is lower than QDVX.DE's 0.28% expense ratio.
Dividends
TRET.L vs. QDVX.DE - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.36%, more than QDVX.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.13% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.36% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% |
Frequently Asked Questions
TRET.L and QDVX.DE have a correlation of 0.56, 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 0.28% for QDVX.DE.
TRET.L is categorized as REIT, while QDVX.DE is Europe Equities. TRET.L tracks GPR Global 100 Index, while QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.L and 0.28% for QDVX.DE.
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