WTER.DE vs. AYEP.DE
WTER.DE (WisdomTree New Economy Real Estate UCITS ETF USD Dist) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds - WTER.DE tracks the CenterSquare New Economy Real Estate while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 3 years, WTER.DE returned 16.33%/yr vs 0.62%/yr for AYEP.DE. A 0.52 correlation means they provide meaningful diversification when combined. WTER.DE charges 0.45%/yr vs 0.59%/yr for AYEP.DE.
Performance
WTER.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTER.DE achieves a 23.54% return, which is significantly higher than AYEP.DE's -5.35% return.
WTER.DE
- 1D
- -1.17%
- 1M
- 3.30%
- YTD
- 23.54%
- 6M
- 20.90%
- 1Y
- 43.05%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
AYEP.DE
- 1D
- -0.02%
- 1M
- -7.31%
- YTD
- -5.35%
- 6M
- -4.44%
- 1Y
- 3.93%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
WTER.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 23.54% | 17.11% | 0.49% | 9.28% | -17.48% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -3.36% |
Correlation
The correlation between WTER.DE and AYEP.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.52 |
The correlation between WTER.DE and AYEP.DE shifts across timeframes, from 0.36 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTER.DE vs. AYEP.DE — Risk / Return Rank
WTER.DE
AYEP.DE
WTER.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE). 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.
| WTER.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 0.36 | +2.92 |
| Martin ratioReturn relative to average drawdown | 8.88 | 1.10 | +7.79 |
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
| WTER.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 0.41 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.00 | +0.36 |
Drawdowns
WTER.DE vs. AYEP.DE - Drawdown Comparison
The maximum WTER.DE drawdown since its inception was -32.93%, smaller than the maximum AYEP.DE drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for WTER.DE and AYEP.DE.
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Drawdown Indicators
| WTER.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -38.46% | +5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -12.31% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.54% | -12.31% | -11.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -2.35% | -16.71% | +14.36% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -15.03% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 4.07% | +0.93% |
Volatility
WTER.DE vs. AYEP.DE - Volatility Comparison
WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) has a higher volatility of 6.93% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that WTER.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTER.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.93% | 2.79% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 8.31% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 10.94% | +8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 11.71% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 15.43% | +2.18% |
WTER.DE vs. AYEP.DE - Expense Ratio Comparison
WTER.DE has a 0.45% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
WTER.DE vs. AYEP.DE - Dividend Comparison
WTER.DE's dividend yield for the trailing twelve months is around 1.11%, while AYEP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.11% | 1.59% | 1.65% | 1.14% | 0.74% |
Frequently Asked Questions
WTER.DE and AYEP.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTER.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTER.DE is cheaper with a 0.45% expense ratio, compared with 0.59% for AYEP.DE.
WTER.DE tracks CenterSquare New Economy Real Estate, while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WTER.DE and 0.59% for AYEP.DE.
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