UKPH.DE vs. IQQP.DE

Last updated Jun 5, 2026

UKPH.DE (iShares UK Property UCITS ETF (EUR Hedged) Acc) and IQQP.DE (iShares European Property Yield UCITS ETF) are both REIT funds from iShares - UKPH.DE tracks the FTSE EPRA/NAREIT United Kingdom (EUR Hedged) while IQQP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. Both are passively managed. Over the past 3 years, UKPH.DE returned -1.16%/yr vs 10.88%/yr for IQQP.DE. Their correlation of 0.81 suggests significant overlap in exposure. UKPH.DE charges 0.42%/yr vs 0.40%/yr for IQQP.DE.

Performance

UKPH.DE vs. IQQP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) and iShares European Property Yield UCITS ETF (IQQP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UKPH.DE achieves a -1.89% return, which is significantly lower than IQQP.DE's 0.31% return.

UKPH.DE

• 1D: 1.34%
• 1M: -0.21%
• YTD: -1.89%
• 6M: -0.66%
• 1Y: -1.75%
• 3Y*: -1.16%
• 5Y*: —
• 10Y*: —

IQQP.DE

• 1D: 0.51%
• 1M: -3.27%
• YTD: 0.31%
• 6M: 1.57%
• 1Y: -1.56%
• 3Y*: 10.88%
• 5Y*: -4.17%
• 10Y*: 0.54%

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

UKPH.DE vs. IQQP.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%
IQQP.DE iShares European Property Yield UCITS ETF	0.31%	8.56%	-0.81%	17.81%	-25.25%

Correlation

The correlation between UKPH.DE and IQQP.DE is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.81

The correlation between UKPH.DE and IQQP.DE has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

Return for Risk

UKPH.DE vs. IQQP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UKPH.DE

UKPH.DE Risk / Return Rank: 8
UKPH.DE Sharpe Ratio Rank: 8
UKPH.DE Sortino Ratio Rank: 8
UKPH.DE Omega Ratio Rank: 8
UKPH.DE Calmar Ratio Rank: 8
UKPH.DE Martin Ratio Rank: 8

IQQP.DE

IQQP.DE Risk / Return Rank: 8
IQQP.DE Sharpe Ratio Rank: 8
IQQP.DE Sortino Ratio Rank: 8
IQQP.DE Omega Ratio Rank: 8
IQQP.DE Calmar Ratio Rank: 8
IQQP.DE Martin Ratio Rank: 8

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.

UKPH.DE vs. IQQP.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 European Property Yield UCITS ETF (IQQP.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	IQQP.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	-0.10	-0.01
Sortino ratio: Return per unit of downside risk	-0.03	-0.04	+0.01
Omega ratio: Gain probability vs. loss probability	1.00	1.00	0.00
Calmar ratio: Return relative to maximum drawdown	-0.12	-0.10	-0.02
Martin ratio: Return relative to average drawdown	-0.29	-0.26	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UKPH.DE vs. IQQP.DE - Sharpe Ratio Comparison

The current UKPH.DE Sharpe Ratio is -0.11, which is comparable to the IQQP.DE Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of UKPH.DE and IQQP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UKPH.DE	IQQP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	-0.10	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.18	-0.49

Drawdowns

UKPH.DE vs. IQQP.DE - Drawdown Comparison

The maximum UKPH.DE drawdown since its inception was -36.06%, smaller than the maximum IQQP.DE drawdown of -64.70%. Use the drawdown chart below to compare losses from any high point for UKPH.DE and IQQP.DE.

Drawdown Indicators

	UKPH.DE	IQQP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.06%	-64.70%	+28.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.69%	-15.07%	-2.62%
Max Drawdown (3Y) Largest decline over 3 years	-23.56%	-17.28%	-6.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.23%	—
Current Drawdown Current decline from peak	-26.71%	-26.93%	+0.22%
Average Drawdown Average peak-to-trough decline	-24.07%	-20.15%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.45%	5.66%	+1.79%

Volatility

UKPH.DE vs. IQQP.DE - Volatility Comparison

iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) has a higher volatility of 5.86% compared to iShares European Property Yield UCITS ETF (IQQP.DE) at 4.69%. This indicates that UKPH.DE's price experiences larger fluctuations and is considered to be riskier than IQQP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UKPH.DE	IQQP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	4.69%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	15.30%	12.72%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	14.91%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	21.49%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.48%	19.40%	+2.08%

UKPH.DE vs. IQQP.DE - Expense Ratio Comparison

UKPH.DE has a 0.42% expense ratio, which is higher than IQQP.DE's 0.40% expense ratio.

Dividends

UKPH.DE vs. IQQP.DE - Dividend Comparison

UKPH.DE has not paid dividends to shareholders, while IQQP.DE's dividend yield for the trailing twelve months is around 2.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQQP.DE iShares European Property Yield UCITS ETF	2.89%	2.89%	2.75%	2.65%	4.34%	2.07%	2.64%	2.92%	3.33%	2.83%	2.61%	2.62%
UKPH.DE iShares UK Property UCITS ETF (EUR Hedged) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UKPH.DE and IQQP.DE in my portfolio?

UKPH.DE and IQQP.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UKPH.DE or IQQP.DE?

On fees, IQQP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UKPH.DE or IQQP.DE?

IQQP.DE is cheaper with a 0.40% expense ratio, compared with 0.42% for UKPH.DE.

What is the main difference between UKPH.DE and IQQP.DE?

UKPH.DE tracks FTSE EPRA/NAREIT United Kingdom (EUR Hedged), while IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. Their fees differ too: 0.42% for UKPH.DE and 0.40% for IQQP.DE.