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UKRE.L vs. SRET
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UKRE.L vs. SRET

Last updated Jun 5, 2026

UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) and SRET (Global X SuperDividend REIT ETF) are both REIT funds - UKRE.L tracks the MSCI UK IMI Liquid Real Estate Index while SRET tracks the Solactive Global SuperDividend REIT Index. Both are passively managed. Over the past 10 years, UKRE.L returned -3.16%/yr vs 1.86%/yr for SRET. At a 0.31 correlation, their price movements are largely independent. UKRE.L charges 0.40%/yr vs 0.58%/yr for SRET.

Performance

UKRE.L vs. SRET - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) and Global X SuperDividend REIT ETF (SRET). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UKRE.L is traded in GBp, while SRET is traded in USD. To make them comparable, the SRET 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 SRET's 4.90% return. Over the past 10 years, UKRE.L has underperformed SRET with an annualized return of -3.16%, while SRET has yielded a comparatively higher 1.86% 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%

SRET

1D
0.71%
1M
-1.02%
YTD
4.90%
6M
4.47%
1Y
17.26%
3Y*
7.30%
5Y*
2.42%
10Y*
1.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UKRE.L vs. SRET - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SRET
Global X SuperDividend REIT ETF		4.90%9.68%0.17%4.36%-8.52%15.08%-38.49%18.10%0.08%7.61%

Correlation

The correlation between UKRE.L and SRET is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

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

0.31

UKRE.L vs. SRET - Sectors Allocation Comparison

Sectors
UKRE.L
SRET

Real Estate

100.0%
92.5%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

3.1%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

UKRE.L
100.0%
SRET
92.5%

Basic Materials

UKRE.L

-

SRET

-

Communication Services

UKRE.L

-

SRET

-

Consumer Cyclical

UKRE.L

-

SRET

-

Consumer Defensive

UKRE.L

-

SRET

-

Energy

UKRE.L

-

SRET

-

Financial Services

UKRE.L

-

SRET
3.1%

Healthcare

UKRE.L

-

SRET

-

Industrials

UKRE.L

-

SRET

-

Technology

UKRE.L

-

SRET

-

Utilities

UKRE.L

-

SRET

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Target UK Real Estate UCITS ETF

Global X SuperDividend REIT ETF

Often compared with UKRE.L:
UKRE.L vs. IUKP.LUKRE.L vs. HPRD.LUKRE.L vs. HPRO.LUKRE.L vs. HEAL.LUKRE.L vs. VNQUKRE.L vs. VNQIUKRE.L vs. VUSA.L
Often compared with SRET:
SRET vs. VNQSRET vs. KBWYSRET vs. SCHHSRET vs. SPRESRET vs. FRSRET vs. NETLSRET vs. ACRE

Return for Risk

UKRE.L vs. SRET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UKRE.L
UKRE.L Risk / Return Rank: 44
Overall Rank
UKRE.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
UKRE.L Sortino Ratio Rank: 44
Sortino Ratio Rank
UKRE.L Omega Ratio Rank: 44
Omega Ratio Rank
UKRE.L Calmar Ratio Rank: 44
Calmar Ratio Rank
UKRE.L Martin Ratio Rank: 44
Martin Ratio Rank
SRET
SRET Risk / Return Rank: 4040
Overall Rank
SRET Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SRET Sortino Ratio Rank: 3939
Sortino Ratio Rank
SRET Omega Ratio Rank: 3838
Omega Ratio Rank
SRET Calmar Ratio Rank: 3636
Calmar Ratio Rank
SRET Martin Ratio Rank: 4545
Martin Ratio Rank
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.

UKRE.L vs. SRET - 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 Global X SuperDividend REIT ETF (SRET). 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.LSRETDifference
Sharpe ratioReturn per unit of total volatility
-0.54
1.61

-2.14

Sortino ratioReturn per unit of downside risk
-0.67
2.28

-2.95

Omega ratioGain probability vs. loss probability

0.92

1.28

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.56

2.12

-2.68

Martin ratioReturn relative to average drawdown

-1.09

8.09

-9.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UKRE.L vs. SRET - Sharpe Ratio Comparison

The current UKRE.L Sharpe Ratio is -0.54, which is lower than the SRET Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of UKRE.L and SRET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UKRE.LSRETDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.54

1.61

-2.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.50

0.16

-0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.23

0.08

-0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.25

0.10

-0.35

Drawdowns

UKRE.L vs. SRET - Drawdown Comparison

The maximum UKRE.L drawdown since its inception was -40.08%, smaller than the maximum SRET drawdown of -65.34%. Use the drawdown chart below to compare losses from any high point for UKRE.L and SRET.

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Drawdown Indicators

UKRE.LSRETDifference

Max Drawdown

Largest peak-to-trough decline

-40.08%

-65.34%

+25.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.92%

-8.18%

-3.74%

Max Drawdown (3Y)

Largest decline over 3 years

-21.04%

-13.67%

-7.37%

Max Drawdown (5Y)

Largest decline over 5 years

-40.08%

-23.93%

-16.15%

Max Drawdown (10Y)

Largest decline over 10 years

-40.08%

-65.34%

+25.26%

Current Drawdown

Current decline from peak

-37.81%

-26.75%

-11.06%

Average Drawdown

Average peak-to-trough decline

-16.46%

-23.00%

+6.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.18%

2.14%

+4.04%

Volatility

UKRE.L vs. SRET - Volatility Comparison

iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) has a higher volatility of 3.85% compared to Global X SuperDividend REIT ETF (SRET) at 2.57%. This indicates that UKRE.L's price experiences larger fluctuations and is considered to be riskier than SRET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UKRE.LSRETDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

2.57%

+1.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.92%

8.49%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

12.48%

10.81%

+1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.06%

14.97%

-0.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.63%

23.77%

-10.14%

UKRE.L vs. SRET - Expense Ratio Comparison

UKRE.L has a 0.40% expense ratio, which is lower than SRET's 0.58% expense ratio.

Dividends

UKRE.L vs. SRET - Dividend Comparison

UKRE.L's dividend yield for the trailing twelve months is around 0.07%, less than SRET's 8.06% yield.

PositionTTM20252024202320222021202020192018201720162015
SRET
Global X SuperDividend REIT ETF		8.06%7.98%8.72%7.21%8.30%6.33%8.88%7.83%8.54%8.20%8.08%7.74%
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 SRET have a correlation of 0.27, 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 0.58% for SRET.

UKRE.L tracks MSCI UK IMI Liquid Real Estate Index, while SRET tracks Solactive Global SuperDividend REIT Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for UKRE.L and 0.58% for SRET.

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