VPN.L vs. IDWP.L
VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) and IDWP.L (iShares Developed Markets Property Yield UCITS) are both REIT funds - VPN.L tracks the Solactive Data Center REITs & Digital Infrastructure v2 Index while IDWP.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, VPN.L returned 26.86%/yr vs 9.16%/yr for IDWP.L. A 0.61 correlation means they provide meaningful diversification when combined. VPN.L charges 0.50%/yr vs 0.59%/yr for IDWP.L.
Performance
VPN.L vs. IDWP.L - Performance Comparison
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Returns By Period
In the year-to-date period, VPN.L achieves a 29.81% return, which is significantly higher than IDWP.L's 12.24% return.
VPN.L
- 1D
- -1.35%
- 1M
- -13.39%
- 6M
- 16.18%
- YTD
- 29.81%
- 1Y
- 44.32%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
IDWP.L
- 1D
- 0.79%
- 1M
- 3.37%
- 6M
- 8.90%
- YTD
- 12.24%
- 1Y
- 15.88%
- 3Y*
- 9.16%
- 5Y*
- 1.17%
- 10Y*
- 3.16%
VPN.L vs. IDWP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.81% | 29.31% | 13.54% | 17.68% | -30.40% | 3.62% |
IDWP.L iShares Developed Markets Property Yield UCITS | 12.24% | 9.19% | 0.18% | 9.40% | -24.03% | 3.04% |
Correlation
The correlation between VPN.L and IDWP.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.61 |
Over the past year, the correlation between VPN.L and IDWP.L has dropped to 0.28 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
VPN.L vs. IDWP.L — Risk / Return Rank
VPN.L
IDWP.L
VPN.L vs. IDWP.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 Developed Markets Property Yield UCITS (IDWP.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 | IDWP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.62 | +1.25 |
| Martin ratioReturn relative to average drawdown | 8.60 | 5.44 | +3.16 |
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Drawdowns
VPN.L vs. IDWP.L - Drawdown Comparison
The maximum VPN.L drawdown since its inception was -38.80%, smaller than the maximum IDWP.L drawdown of -70.34%. Use the drawdown chart below to compare losses from any high point for VPN.L and IDWP.L.
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Drawdown Indicators
| VPN.L | IDWP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -70.34% | +31.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -9.78% | -5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | -18.07% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.81% | — |
Current DrawdownCurrent decline from peak | -15.39% | 0.00% | -15.39% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -14.78% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 2.91% | +2.23% |
Volatility
VPN.L vs. IDWP.L - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a higher volatility of 7.36% compared to iShares Developed Markets Property Yield UCITS (IDWP.L) at 3.44%. This indicates that VPN.L's price experiences larger fluctuations and is considered to be riskier than IDWP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPN.L | IDWP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 3.44% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.63% | 9.75% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.60% | 12.18% | +11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.63% | 16.26% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.63% | 17.17% | +5.46% |
VPN.L vs. IDWP.L - Expense Ratio Comparison
VPN.L has a 0.50% expense ratio, which is lower than IDWP.L's 0.59% expense ratio.
Dividends
VPN.L vs. IDWP.L - Dividend Comparison
VPN.L has not paid dividends to shareholders, while IDWP.L's dividend yield for the trailing twelve months is around 2.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDWP.L iShares Developed Markets Property Yield UCITS | 2.87% | 3.07% | 3.22% | 3.07% | 3.66% | 2.22% | 2.91% | 2.89% | 3.94% | 2.91% | 3.27% | 3.01% |
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
VPN.L and IDWP.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VPN.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VPN.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IDWP.L.
VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index, while IDWP.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for VPN.L and 0.59% for IDWP.L.
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