VPN.L vs. IDUP.L

Last updated Jul 16, 2026

VPN.L (Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - VPN.L tracks the Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc while IDUP.L tracks the iShares US Property Yield UCITS ETF USD (Dist). Both are passively managed. Over the past 3 years, VPN.L returned 27.82%/yr vs 9.47%/yr for IDUP.L. A 0.58 correlation means they provide meaningful diversification when combined. VPN.L charges 0.50%/yr vs 0.40%/yr for IDUP.L.

Performance

VPN.L vs. IDUP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc (VPN.L) and iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPN.L achieves a 32.99% return, which is significantly higher than IDUP.L's 16.04% return.

VPN.L

• 1D: -0.27%
• 1M: -11.30%
• 6M: 21.01%
• YTD: 32.99%
• 1Y: 49.85%
• 3Y*: 27.82%
• 5Y*: —
• 10Y*: —

IDUP.L

• 1D: 0.00%
• 1M: -0.06%
• 6M: 14.44%
• YTD: 16.04%
• 1Y: 18.31%
• 3Y*: 9.47%
• 5Y*: 3.24%
• 10Y*: 4.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VPN.L vs. IDUP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VPN.L Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc	32.99%	29.31%	13.54%	17.68%	-30.40%	3.62%
IDUP.L iShares US Property Yield UCITS ETF USD (Dist)	16.04%	2.23%	4.73%	13.04%	-24.29%	4.18%

Correlation

The correlation between VPN.L and IDUP.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021	0.58

Over the past year, the correlation between VPN.L and IDUP.L has dropped to 0.29 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

VPN.L vs. IDUP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VPN.L

VPN.L Risk / Return Rank: 77
VPN.L Sharpe Ratio Rank: 83
VPN.L Sortino Ratio Rank: 80
VPN.L Omega Ratio Rank: 73
VPN.L Calmar Ratio Rank: 82
VPN.L Martin Ratio Rank: 69

IDUP.L

IDUP.L Risk / Return Rank: 52
IDUP.L Sharpe Ratio Rank: 50
IDUP.L Sortino Ratio Rank: 54
IDUP.L Omega Ratio Rank: 46
IDUP.L Calmar Ratio Rank: 61
IDUP.L Martin Ratio Rank: 50

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.

VPN.L vs. IDUP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc (VPN.L) and iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VPN.L	IDUP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.42	+0.70
Sortino ratio: Return per unit of downside risk	2.86	2.13	+0.73
Omega ratio: Gain probability vs. loss probability	1.34	1.25	+0.09
Calmar ratio: Return relative to maximum drawdown	3.51	2.48	+1.03
Martin ratio: Return relative to average drawdown	9.92	6.81	+3.11

VPN.L vs. IDUP.L - Sharpe Ratio Comparison

The current VPN.L Sharpe Ratio is 2.12, which is higher than the IDUP.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of VPN.L and IDUP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VPN.L vs. IDUP.L - Drawdown Comparison

The maximum VPN.L drawdown since its inception was -38.80%, smaller than the maximum IDUP.L drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for VPN.L and IDUP.L.

Drawdown Indicators

	VPN.L	IDUP.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.80%	-75.24%	+36.44%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-7.41%	-6.79%
Max Drawdown (3Y) Largest decline over 3 years	-25.58%	-20.33%	-5.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.62%	—
Current Drawdown Current decline from peak	-13.32%	-1.41%	-11.91%
Average Drawdown Average peak-to-trough decline	-14.64%	-15.31%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.04%	2.70%	+2.34%

Volatility

VPN.L vs. IDUP.L - Volatility Comparison

Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc (VPN.L) has a higher volatility of 7.54% compared to iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) at 3.92%. This indicates that VPN.L's price experiences larger fluctuations and is considered to be riskier than IDUP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPN.L	IDUP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	3.92%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	9.76%	+7.75%
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	12.96%	+10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.62%	18.37%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	20.35%	+2.27%

VPN.L vs. IDUP.L - Expense Ratio Comparison

VPN.L has a 0.50% expense ratio, which is higher than IDUP.L's 0.40% expense ratio.

Dividends

VPN.L vs. IDUP.L - Dividend Comparison

VPN.L has not paid dividends to shareholders, while IDUP.L's dividend yield for the trailing twelve months is around 2.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDUP.L iShares US Property Yield UCITS ETF USD (Dist)	2.90%	3.20%	3.09%	3.13%	3.84%	2.13%	3.22%	3.10%	4.60%	3.17%	3.55%	2.98%
VPN.L Global X Data Center REITS & Digital Infrastructure UCITS ETF USD 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

Can I hold both VPN.L and IDUP.L in my portfolio?

VPN.L and IDUP.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VPN.L or IDUP.L?

On fees, IDUP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VPN.L or IDUP.L?

IDUP.L is cheaper with a 0.40% expense ratio, compared with 0.50% for VPN.L.

What is the main difference between VPN.L and IDUP.L?

VPN.L tracks Global X Data Center REITS & Digital Infrastructure UCITS ETF USD Acc, while IDUP.L tracks iShares US Property Yield UCITS ETF USD (Dist). They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for VPN.L and 0.40% for IDUP.L.