UKPH.DE vs. SPYJ.DE
UKPH.DE (iShares UK Property UCITS ETF (EUR Hedged) Acc) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - UKPH.DE tracks the FTSE EPRA/NAREIT United Kingdom (EUR Hedged) while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 3 years, UKPH.DE returned -1.16%/yr vs 5.92%/yr for SPYJ.DE. A 0.57 correlation means they provide meaningful diversification when combined. UKPH.DE charges 0.42%/yr vs 0.40%/yr for SPYJ.DE.
Performance
UKPH.DE vs. SPYJ.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 lower than SPYJ.DE's 8.14% return.
UKPH.DE
- 1D
- 1.34%
- 1M
- -0.21%
- YTD
- -1.89%
- 6M
- -0.66%
- 1Y
- -1.75%
- 3Y*
- -1.16%
- 5Y*
- —
- 10Y*
- —
SPYJ.DE
- 1D
- 0.05%
- 1M
- -1.56%
- YTD
- 8.14%
- 6M
- 7.45%
- 1Y
- 10.28%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
UKPH.DE vs. SPYJ.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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -11.42% |
Correlation
The correlation between UKPH.DE and SPYJ.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.57 |
The correlation between UKPH.DE and SPYJ.DE has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.
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Return for Risk
UKPH.DE vs. SPYJ.DE — Risk / Return Rank
UKPH.DE
SPYJ.DE
UKPH.DE vs. SPYJ.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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.46 | -1.58 |
| Martin ratioReturn relative to average drawdown | -0.29 | 4.40 | -4.68 |
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 | SPYJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 0.90 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.32 | -0.63 |
Drawdowns
UKPH.DE vs. SPYJ.DE - Drawdown Comparison
The maximum UKPH.DE drawdown since its inception was -36.06%, smaller than the maximum SPYJ.DE drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for UKPH.DE and SPYJ.DE.
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Drawdown Indicators
| UKPH.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -42.92% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.69% | -6.95% | -10.74% |
Max Drawdown (3Y)Largest decline over 3 years | -23.56% | -20.29% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.92% | — |
Current DrawdownCurrent decline from peak | -26.71% | -7.72% | -18.99% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -11.10% | -12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 2.31% | +5.14% |
Volatility
UKPH.DE vs. SPYJ.DE - Volatility Comparison
iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) has a higher volatility of 5.86% compared to SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) at 3.15%. This indicates that UKPH.DE's price experiences larger fluctuations and is considered to be riskier than SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 3.15% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 8.50% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 11.29% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 15.11% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 16.96% | +4.52% |
UKPH.DE vs. SPYJ.DE - Expense Ratio Comparison
UKPH.DE has a 0.42% expense ratio, which is higher than SPYJ.DE's 0.40% expense ratio.
Dividends
UKPH.DE vs. SPYJ.DE - Dividend Comparison
UKPH.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
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
UKPH.DE and SPYJ.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE is cheaper with a 0.40% expense ratio, compared with 0.42% for UKPH.DE.
UKPH.DE tracks FTSE EPRA/NAREIT United Kingdom (EUR Hedged), while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.42% for UKPH.DE and 0.40% for SPYJ.DE.
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