TRET.L vs. SPYD

Last updated Jun 16, 2026

TRET.L (VanEck Global Real Estate UCITS ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 10 years, TRET.L returned 5.65%/yr vs 8.85%/yr for SPYD. At a 0.47 correlation, their price movements are largely independent. TRET.L charges 0.25%/yr vs 0.07%/yr for SPYD.

Performance

TRET.L vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Global Real Estate UCITS ETF (TRET.L) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRET.L achieves a 8.17% return, which is significantly lower than SPYD's 13.63% return. Over the past 10 years, TRET.L has underperformed SPYD with an annualized return of 5.65%, while SPYD has yielded a comparatively higher 8.85% annualized 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%

SPYD

• 1D: -0.96%
• 1M: 5.26%
• YTD: 13.63%
• 6M: 12.94%
• 1Y: 19.77%
• 3Y*: 14.01%
• 5Y*: 7.70%
• 10Y*: 8.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRET.L vs. SPYD - 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%	-3.31%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	13.63%	4.65%	15.34%	3.91%	-1.17%	32.73%	-11.64%	21.20%	-4.89%	12.67%

Correlation

The correlation between TRET.L and SPYD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015	0.47

Return for Risk

TRET.L vs. SPYD — 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: 32
TRET.L Sharpe Ratio Rank: 34
TRET.L Sortino Ratio Rank: 34
TRET.L Omega Ratio Rank: 32
TRET.L Calmar Ratio Rank: 29
TRET.L Martin Ratio Rank: 33

SPYD

SPYD Risk / Return Rank: 56
SPYD Sharpe Ratio Rank: 55
SPYD Sortino Ratio Rank: 61
SPYD Omega Ratio Rank: 51
SPYD Calmar Ratio Rank: 62
SPYD Martin Ratio Rank: 53

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. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.L) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.70	-0.52
Sortino ratio: Return per unit of downside risk	1.76	2.55	-0.79
Omega ratio: Gain probability vs. loss probability	1.21	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.41	2.82	-1.41
Martin ratio: Return relative to average drawdown	4.82	8.20	-3.38

TRET.L vs. SPYD - Sharpe Ratio Comparison

The current TRET.L Sharpe Ratio is 1.18, which is lower than the SPYD Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TRET.L and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRET.L vs. SPYD - Drawdown Comparison

The maximum TRET.L drawdown since its inception was -42.25%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for TRET.L and SPYD.

Drawdown Indicators

	TRET.L	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-42.25%	-46.42%	+4.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-7.05%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-16.13%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-33.35%	-22.25%	-11.10%
Max Drawdown (10Y) Largest decline over 10 years	-42.25%	-46.42%	+4.17%
Current Drawdown Current decline from peak	-2.14%	-0.96%	-1.18%
Average Drawdown Average peak-to-trough decline	-10.61%	-6.15%	-4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.42%	+0.65%

Volatility

TRET.L vs. SPYD - Volatility Comparison

VanEck Global Real Estate UCITS ETF (TRET.L) has a higher volatility of 4.41% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.16%. This indicates that TRET.L's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRET.L	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	3.16%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	7.79%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	11.71%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	16.15%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	19.79%	-1.81%

TRET.L vs. SPYD - Expense Ratio Comparison

TRET.L has a 0.25% expense ratio, which is higher than SPYD'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. SPYD - Dividend Comparison

TRET.L's dividend yield for the trailing twelve months is around 3.36%, less than SPYD's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.09%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRET.L and SPYD in my portfolio?

TRET.L and SPYD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRET.L or SPYD?

On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRET.L or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.25% for TRET.L.

What is the main difference between TRET.L and SPYD?

TRET.L is categorized as REIT, while SPYD is S&P 500. TRET.L tracks GPR Global 100 Index, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.25% for TRET.L and 0.07% for SPYD.