WNEW.L vs. IUSP.L

Last updated Jun 5, 2026

WNEW.L (WisdomTree New Economy Real Estate UCITS ETF USD Dist) and IUSP.L (iShares US Property Yield UCITS ETF) are both REIT funds - WNEW.L tracks the FTSE EPRA Nareit Global TR USD while IUSP.L tracks the FTSE EPRA Nareit United States TR USD. Both are passively managed. Over the past 3 years, WNEW.L returned 16.70%/yr vs 8.66%/yr for IUSP.L. A 0.75 correlation means they provide meaningful diversification when combined. WNEW.L charges 0.45%/yr vs 0.40%/yr for IUSP.L.

Performance

WNEW.L vs. IUSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree New Economy Real Estate UCITS ETF USD Dist (WNEW.L) and iShares US Property Yield UCITS ETF (IUSP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WNEW.L achieves a 22.36% return, which is significantly higher than IUSP.L's 13.45% return.

WNEW.L

• 1D: -1.10%
• 1M: 7.07%
• YTD: 22.36%
• 6M: 20.28%
• 1Y: 48.84%
• 3Y*: 16.70%
• 5Y*: —
• 10Y*: —

IUSP.L

• 1D: 0.01%
• 1M: 2.07%
• YTD: 13.45%
• 6M: 13.27%
• 1Y: 16.59%
• 3Y*: 8.66%
• 5Y*: 5.55%
• 10Y*: 6.52%

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

WNEW.L vs. IUSP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WNEW.L WisdomTree New Economy Real Estate UCITS ETF USD Dist	22.36%	23.24%	-3.45%	6.97%	-13.16%
IUSP.L iShares US Property Yield UCITS ETF	13.45%	-3.93%	7.50%	7.68%	-7.87%

Correlation

The correlation between WNEW.L and IUSP.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022	0.75

Over the past year, the correlation between WNEW.L and IUSP.L has dropped to 0.42 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

WNEW.L vs. IUSP.L — Risk / Return Rank

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

WNEW.L

WNEW.L Risk / Return Rank: 72
WNEW.L Sharpe Ratio Rank: 78
WNEW.L Sortino Ratio Rank: 76
WNEW.L Omega Ratio Rank: 70
WNEW.L Calmar Ratio Rank: 77
WNEW.L Martin Ratio Rank: 57

IUSP.L

IUSP.L Risk / Return Rank: 41
IUSP.L Sharpe Ratio Rank: 38
IUSP.L Sortino Ratio Rank: 37
IUSP.L Omega Ratio Rank: 36
IUSP.L Calmar Ratio Rank: 53
IUSP.L Martin Ratio Rank: 39

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.

WNEW.L vs. IUSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree New Economy Real Estate UCITS ETF USD Dist (WNEW.L) and iShares US Property Yield UCITS ETF (IUSP.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.

	WNEW.L	IUSP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.31	+1.18
Sortino ratio: Return per unit of downside risk	3.35	1.89	+1.46
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.17
Calmar ratio: Return relative to maximum drawdown	3.81	2.59	+1.22
Martin ratio: Return relative to average drawdown	9.87	6.00	+3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WNEW.L vs. IUSP.L - Sharpe Ratio Comparison

The current WNEW.L Sharpe Ratio is 2.50, which is higher than the IUSP.L Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of WNEW.L and IUSP.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.

Sharpe Ratios by Period

	WNEW.L	IUSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	1.31	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.34	+0.09

Drawdowns

WNEW.L vs. IUSP.L - Drawdown Comparison

The maximum WNEW.L drawdown since its inception was -29.88%, smaller than the maximum IUSP.L drawdown of -62.68%. Use the drawdown chart below to compare losses from any high point for WNEW.L and IUSP.L.

Drawdown Indicators

	WNEW.L	IUSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.88%	-62.68%	+32.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-6.38%	-6.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.58%	-20.65%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.97%	—
Current Drawdown Current decline from peak	-2.60%	-2.07%	-0.53%
Average Drawdown Average peak-to-trough decline	-14.35%	-11.16%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	2.76%	+2.17%

Volatility

WNEW.L vs. IUSP.L - Volatility Comparison

WisdomTree New Economy Real Estate UCITS ETF USD Dist (WNEW.L) has a higher volatility of 7.58% compared to iShares US Property Yield UCITS ETF (IUSP.L) at 3.53%. This indicates that WNEW.L's price experiences larger fluctuations and is considered to be riskier than IUSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WNEW.L	IUSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	3.53%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	9.40%	+4.39%
Volatility (1Y) Calculated over the trailing 1-year period	19.54%	12.59%	+6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	16.64%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	19.44%	-2.23%

WNEW.L vs. IUSP.L - Expense Ratio Comparison

WNEW.L has a 0.45% expense ratio, which is higher than IUSP.L's 0.40% expense ratio.

Dividends

WNEW.L vs. IUSP.L - Dividend Comparison

WNEW.L's dividend yield for the trailing twelve months is around 1.30%, less than IUSP.L's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSP.L iShares US Property Yield UCITS ETF	4.01%	4.31%	3.87%	4.00%	4.62%	2.87%	4.40%	4.08%	5.87%	4.28%	4.37%	4.42%
WNEW.L WisdomTree New Economy Real Estate UCITS ETF USD Dist	1.30%	1.70%	1.83%	1.23%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WNEW.L and IUSP.L in my portfolio?

WNEW.L and IUSP.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WNEW.L or IUSP.L?

On fees, IUSP.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, WNEW.L or IUSP.L?

IUSP.L is cheaper with a 0.40% expense ratio, compared with 0.45% for WNEW.L.

What is the main difference between WNEW.L and IUSP.L?

WNEW.L tracks FTSE EPRA Nareit Global TR USD, while IUSP.L tracks FTSE EPRA Nareit United States TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WNEW.L and 0.40% for IUSP.L.