UKRE.L vs. IQQI.DE
UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both exchange-traded funds - UKRE.L is a REIT fund tracking the MSCI UK IMI Liquid Real Estate Index, while IQQI.DE is a Global Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 10 years, UKRE.L returned -3.16%/yr vs 7.93%/yr for IQQI.DE. At a 0.32 correlation, their price movements are largely independent. UKRE.L charges 0.40%/yr vs 0.65%/yr for IQQI.DE.
Performance
UKRE.L vs. IQQI.DE - Performance Comparison
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Different Trading Currencies
UKRE.L is traded in GBp, while IQQI.DE is traded in EUR. To make them comparable, the IQQI.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UKRE.L achieves a -3.77% return, which is significantly lower than IQQI.DE's 9.49% return. Over the past 10 years, UKRE.L has underperformed IQQI.DE with an annualized return of -3.16%, while IQQI.DE has yielded a comparatively higher 7.93% annualized return.
UKRE.L
- 1D
- 0.51%
- 1M
- 1.52%
- YTD
- -3.77%
- 6M
- -2.98%
- 1Y
- -6.72%
- 3Y*
- -5.47%
- 5Y*
- -7.09%
- 10Y*
- -3.16%
IQQI.DE
- 1D
- -1.25%
- 1M
- -1.87%
- YTD
- 9.49%
- 6M
- 7.98%
- 1Y
- 15.35%
- 3Y*
- 8.62%
- 5Y*
- 6.91%
- 10Y*
- 7.93%
UKRE.L vs. IQQI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | -3.77% | -0.98% | -13.13% | 0.85% | -25.50% | 20.00% | -11.74% | 19.08% | -9.84% | 5.57% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 9.49% | 5.77% | 9.51% | -5.10% | 5.08% | 18.01% | -5.80% | 21.11% | 3.64% | 5.00% |
Correlation
The correlation between UKRE.L and IQQI.DE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2015 | 0.32 |
Over the past year, the correlation between UKRE.L and IQQI.DE has dropped to 0.10 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
UKRE.L vs. IQQI.DE — Risk / Return Rank
UKRE.L
IQQI.DE
UKRE.L vs. IQQI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) and iShares Global Infrastructure UCITS ETF (IQQI.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.
| UKRE.L | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.25 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.74 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.09 | 7.04 | -8.12 |
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
| UKRE.L | IQQI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 1.44 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.54 | -1.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.23 | 0.55 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.39 | -0.64 |
Drawdowns
UKRE.L vs. IQQI.DE - Drawdown Comparison
The maximum UKRE.L drawdown since its inception was -40.08%, which is greater than IQQI.DE's maximum drawdown of -36.47%. Use the drawdown chart below to compare losses from any high point for UKRE.L and IQQI.DE.
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Drawdown Indicators
| UKRE.L | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -36.47% | -3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -5.58% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -12.46% | -8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -40.08% | -23.19% | -16.89% |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | -26.79% | -13.29% |
Current DrawdownCurrent decline from peak | -37.81% | -3.72% | -34.09% |
Average DrawdownAverage peak-to-trough decline | -16.46% | -7.17% | -9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 2.18% | +4.00% |
Volatility
UKRE.L vs. IQQI.DE - Volatility Comparison
iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) and iShares Global Infrastructure UCITS ETF (IQQI.DE) have volatilities of 3.85% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKRE.L | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 4.02% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 9.08% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 10.63% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 12.56% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 14.34% | -0.71% |
UKRE.L vs. IQQI.DE - Expense Ratio Comparison
UKRE.L has a 0.40% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
UKRE.L vs. IQQI.DE - Dividend Comparison
UKRE.L's dividend yield for the trailing twelve months is around 0.07%, less than IQQI.DE's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQI.DE iShares Global Infrastructure UCITS ETF | 2.09% | 2.30% | 2.28% | 2.42% | 2.14% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.64% | 3.14% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 0.07% | 0.07% | 0.08% | 0.05% | 0.02% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.02% | 0.01% |
Frequently Asked Questions
UKRE.L and IQQI.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKRE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKRE.L is cheaper with a 0.40% expense ratio, compared with 0.65% for IQQI.DE.
UKRE.L is categorized as REIT, while IQQI.DE is Global Equities. UKRE.L tracks MSCI UK IMI Liquid Real Estate Index, while IQQI.DE tracks FTSE Global Core Infrastructure Index. Their fees differ too: 0.40% for UKRE.L and 0.65% for IQQI.DE.
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