UKPH.DE vs. WTER.DE
UKPH.DE (iShares UK Property UCITS ETF (EUR Hedged) Acc) and WTER.DE (WisdomTree New Economy Real Estate UCITS ETF USD Dist) are both REIT funds - UKPH.DE tracks the FTSE EPRA/NAREIT United Kingdom (EUR Hedged) while WTER.DE tracks the CenterSquare New Economy Real Estate. Both are passively managed. Over the past 3 years, UKPH.DE returned -1.16%/yr vs 16.33%/yr for WTER.DE. A 0.53 correlation means they provide meaningful diversification when combined. UKPH.DE charges 0.42%/yr vs 0.45%/yr for WTER.DE.
Performance
UKPH.DE vs. WTER.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 WTER.DE's 23.54% return.
UKPH.DE
- 1D
- 1.34%
- 1M
- -0.21%
- YTD
- -1.89%
- 6M
- -0.66%
- 1Y
- -1.75%
- 3Y*
- -1.16%
- 5Y*
- —
- 10Y*
- —
WTER.DE
- 1D
- -1.17%
- 1M
- 3.30%
- YTD
- 23.54%
- 6M
- 20.90%
- 1Y
- 43.05%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
UKPH.DE vs. WTER.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% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 23.54% | 17.11% | 0.49% | 9.28% | -14.45% |
Correlation
The correlation between UKPH.DE and WTER.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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.53 |
The correlation between UKPH.DE and WTER.DE shifts across timeframes, from 0.37 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UKPH.DE vs. WTER.DE — Risk / Return Rank
UKPH.DE
WTER.DE
UKPH.DE vs. WTER.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 WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.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 | WTER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.28 | -3.40 |
| Martin ratioReturn relative to average drawdown | -0.29 | 8.88 | -9.17 |
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 | WTER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.24 | -2.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.36 | -0.67 |
Drawdowns
UKPH.DE vs. WTER.DE - Drawdown Comparison
The maximum UKPH.DE drawdown since its inception was -36.06%, which is greater than WTER.DE's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for UKPH.DE and WTER.DE.
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Drawdown Indicators
| UKPH.DE | WTER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -32.93% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.69% | -13.49% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.56% | -23.54% | -0.02% |
Current DrawdownCurrent decline from peak | -26.71% | -2.35% | -24.36% |
Average DrawdownAverage peak-to-trough decline | -24.07% | -16.08% | -7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 5.00% | +2.45% |
Volatility
UKPH.DE vs. WTER.DE - Volatility Comparison
The current volatility for iShares UK Property UCITS ETF (EUR Hedged) Acc (UKPH.DE) is 5.86%, while WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) has a volatility of 6.93%. This indicates that UKPH.DE experiences smaller price fluctuations and is considered to be less risky than WTER.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 | WTER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 6.93% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 14.11% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.73% | 19.85% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 17.61% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 17.61% | +3.87% |
UKPH.DE vs. WTER.DE - Expense Ratio Comparison
UKPH.DE has a 0.42% expense ratio, which is lower than WTER.DE's 0.45% expense ratio.
Dividends
UKPH.DE vs. WTER.DE - Dividend Comparison
UKPH.DE has not paid dividends to shareholders, while WTER.DE's dividend yield for the trailing twelve months is around 1.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UKPH.DE iShares UK Property UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.11% | 1.59% | 1.65% | 1.14% | 0.74% |
Frequently Asked Questions
UKPH.DE and WTER.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 0.45% for WTER.DE.
UKPH.DE tracks FTSE EPRA/NAREIT United Kingdom (EUR Hedged), while WTER.DE tracks CenterSquare New Economy Real Estate. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.42% for UKPH.DE and 0.45% for WTER.DE.
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