UKPH.DE vs. AYEP.DE
UKPH.DE (iShares UK Property UCITS ETF (EUR Hedged) Acc) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds from iShares - UKPH.DE tracks the FTSE EPRA/NAREIT United Kingdom (EUR Hedged) while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 3 years, UKPH.DE returned -1.16%/yr vs 0.62%/yr for AYEP.DE. At a 0.39 correlation, their price movements are largely independent. UKPH.DE charges 0.42%/yr vs 0.59%/yr for AYEP.DE.
Performance
UKPH.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UKPH.DE achieves a -1.89% return, which is significantly higher than AYEP.DE's -5.35% return.
UKPH.DE
- 1D
- 1.34%
- 1M
- -0.21%
- YTD
- -1.89%
- 6M
- -0.66%
- 1Y
- -1.75%
- 3Y*
- -1.16%
- 5Y*
- —
- 10Y*
- —
AYEP.DE
- 1D
- -0.02%
- 1M
- -7.31%
- YTD
- -5.35%
- 6M
- -4.44%
- 1Y
- 3.93%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
UKPH.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UKPH.DE iShares UK Property UCITS ETF (EUR Hedged) Acc | -1.89% | 7.71% | -14.33% | 8.55% | -23.13% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -6.50% |
Correlation
The correlation between UKPH.DE and AYEP.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.39 |
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Return for Risk
UKPH.DE vs. AYEP.DE — Risk / Return Rank
UKPH.DE
AYEP.DE
UKPH.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.
| UKPH.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.36 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.29 | 1.10 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UKPH.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 0.41 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.00 | -0.31 |
Drawdowns
UKPH.DE vs. AYEP.DE - Drawdown Comparison
The maximum UKPH.DE drawdown since its inception was -36.06%, smaller than the maximum AYEP.DE drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for UKPH.DE and AYEP.DE.
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Drawdown Indicators
| UKPH.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -38.46% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -17.69% | -12.31% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.56% | -12.31% | -11.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -26.71% | -16.71% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -15.03% | -9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 4.07% | +3.38% |
Volatility
UKPH.DE vs. AYEP.DE - Volatility Comparison
iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) has a higher volatility of 5.86% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that UKPH.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKPH.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 2.79% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 8.31% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 10.94% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 11.71% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 15.43% | +6.05% |
UKPH.DE vs. AYEP.DE - Expense Ratio Comparison
UKPH.DE has a 0.42% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
UKPH.DE vs. AYEP.DE - Dividend Comparison
Neither UKPH.DE nor AYEP.DE has paid dividends to shareholders.
Frequently Asked Questions
UKPH.DE and AYEP.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKPH.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKPH.DE is cheaper with a 0.42% expense ratio, compared with 0.59% for AYEP.DE.
UKPH.DE tracks FTSE EPRA/NAREIT United Kingdom (EUR Hedged), while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. Their fees differ too: 0.42% for UKPH.DE and 0.59% for AYEP.DE.
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