URW.PA vs. 0823.HK
URW.PA (Unibail-Rodamco-Westfield) and 0823.HK (Link Real Estate Investment Trust) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 5 years, URW.PA returned 9.15%/yr vs -6.02%/yr for 0823.HK. At a 0.11 correlation, their price movements are largely independent.
Performance
URW.PA vs. 0823.HK - Performance Comparison
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Different Trading Currencies
URW.PA is traded in EUR, while 0823.HK is traded in HKD. To make them comparable, the 0823.HK values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, URW.PA achieves a 11.00% return, which is significantly lower than 0823.HK's 12.50% return.
URW.PA
- 1D
- 0.76%
- 1M
- 0.45%
- YTD
- 11.00%
- 6M
- 14.23%
- 1Y
- 26.99%
- 3Y*
- 36.04%
- 5Y*
- 9.15%
- 10Y*
- —
0823.HK
- 1D
- -0.27%
- 1M
- -2.03%
- YTD
- 12.50%
- 6M
- 9.83%
- 1Y
- 0.22%
- 3Y*
- -2.77%
- 5Y*
- -6.02%
- 10Y*
- 2.33%
URW.PA vs. 0823.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
URW.PA Unibail-Rodamco-Westfield | 11.00% | 33.68% | 12.19% | 37.61% | -21.08% | -4.58% | -49.89% | 12.23% | -29.64% |
0823.HK Link Real Estate Investment Trust | 12.50% | -0.41% | -12.92% | -21.25% | -7.08% | 8.24% | -17.83% | 10.34% | 15.33% |
Correlation
The correlation between URW.PA and 0823.HK is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.11 |
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Return for Risk
URW.PA vs. 0823.HK — Risk / Return Rank
URW.PA
0823.HK
URW.PA vs. 0823.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unibail-Rodamco-Westfield (URW.PA) and Link Real Estate Investment Trust (0823.HK). 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.
| URW.PA | 0823.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.02 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.01 | +2.02 |
| Martin ratioReturn relative to average drawdown | 6.45 | 0.02 | +6.43 |
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
| URW.PA | 0823.HK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.01 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | -0.26 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.45 | -0.56 |
Drawdowns
URW.PA vs. 0823.HK - Drawdown Comparison
The maximum URW.PA drawdown since its inception was -81.82%, which is greater than 0823.HK's maximum drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for URW.PA and 0823.HK.
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Drawdown Indicators
| URW.PA | 0823.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.82% | -59.88% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -21.92% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -31.00% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -51.22% | -52.02% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.88% | — |
Current DrawdownCurrent decline from peak | -32.19% | -46.11% | +13.92% |
Average DrawdownAverage peak-to-trough decline | -50.32% | -17.79% | -32.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 12.44% | -8.28% |
Volatility
URW.PA vs. 0823.HK - Volatility Comparison
The current volatility for Unibail-Rodamco-Westfield (URW.PA) is 4.33%, while Link Real Estate Investment Trust (0823.HK) has a volatility of 5.29%. This indicates that URW.PA experiences smaller price fluctuations and is considered to be less risky than 0823.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URW.PA | 0823.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.29% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 13.43% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 20.65% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.01% | 24.17% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.24% | 23.13% | +20.11% |
Dividends
URW.PA vs. 0823.HK - Dividend Comparison
URW.PA's dividend yield for the trailing twelve months is around 4.57%, less than 0823.HK's 6.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0823.HK Link Real Estate Investment Trust | 6.80% | 7.61% | 8.14% | 5.68% | 5.11% | 4.36% | 3.96% | 3.32% | 3.17% | 3.19% | 4.22% | 4.03% |
URW.PA Unibail-Rodamco-Westfield | 4.57% | 3.77% | 3.44% | 0.00% | 0.00% | 0.00% | 8.36% | 7.68% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
URW.PA vs. 0823.HK - Financials Comparison
This section allows you to compare key financial metrics between Unibail-Rodamco-Westfield and Link Real Estate Investment Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
URW.PA and 0823.HK have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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