TRET.L vs. VPN.L
TRET.L (VanEck Global Real Estate UCITS ETF) and VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) are both REIT funds - TRET.L tracks the GPR Global 100 Index while VPN.L tracks the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, TRET.L returned 12.34%/yr vs 26.86%/yr for VPN.L. A 0.59 correlation means they provide meaningful diversification when combined. TRET.L charges 0.25%/yr vs 0.50%/yr for VPN.L.
Performance
TRET.L vs. VPN.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 VPN.L's 29.81% 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%
VPN.L
- 1D
- -1.35%
- 1M
- -13.39%
- 6M
- 16.18%
- YTD
- 29.81%
- 1Y
- 44.32%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
TRET.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 12.76% | 14.41% | 1.07% | 13.92% | -25.67% | 3.45% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.81% | 29.31% | 13.54% | 17.68% | -30.40% | 3.62% |
Correlation
The correlation between TRET.L and VPN.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.59 |
Over the past year, the correlation between TRET.L and VPN.L has dropped to 0.23 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
TRET.L vs. VPN.L — Risk / Return Rank
TRET.L
VPN.L
TRET.L vs. VPN.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 Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.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 | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.87 | -1.03 |
| Martin ratioReturn relative to average drawdown | 6.11 | 8.60 | -2.49 |
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Drawdowns
TRET.L vs. VPN.L - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, which is greater than VPN.L's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for TRET.L and VPN.L.
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Drawdown Indicators
| TRET.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -38.80% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -15.39% | +4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -25.58% | +8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.39% | +15.39% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -14.64% | +4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 5.14% | -1.98% |
Volatility
TRET.L vs. VPN.L - Volatility Comparison
The current volatility for VanEck Global Real Estate UCITS ETF (TRET.L) is 4.00%, while Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a volatility of 7.36%. This indicates that TRET.L experiences smaller price fluctuations and is considered to be less risky than VPN.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 | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 7.36% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 17.63% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 23.60% | -10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 22.63% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 22.63% | -4.65% |
TRET.L vs. VPN.L - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is lower than VPN.L's 0.50% expense ratio.
Dividends
TRET.L vs. VPN.L - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.22%, while VPN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRET.L and VPN.L have a correlation of 0.23, 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 0.50% for VPN.L.
TRET.L tracks GPR Global 100 Index, while VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.25% for TRET.L and 0.50% for VPN.L.
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