WTER.DE vs. IPRE.DE
WTER.DE (WisdomTree New Economy Real Estate UCITS ETF USD Dist) and IPRE.DE (iShares European Property Yield UCITS ETF EUR (Acc)) are both REIT funds - WTER.DE tracks the CenterSquare New Economy Real Estate while IPRE.DE tracks the FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index. Both are passively managed. Over the past 3 years, WTER.DE returned 13.72%/yr vs 10.19%/yr for IPRE.DE. A 0.52 correlation means they provide meaningful diversification when combined. WTER.DE charges 0.45%/yr vs 0.40%/yr for IPRE.DE.
Performance
WTER.DE vs. IPRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTER.DE achieves a 15.41% return, which is significantly higher than IPRE.DE's 2.10% return.
WTER.DE
- 1D
- 0.00%
- 1M
- -6.07%
- 6M
- 7.15%
- YTD
- 15.41%
- 1Y
- 29.55%
- 3Y*
- 13.72%
- 5Y*
- —
- 10Y*
- —
IPRE.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.04%
- YTD
- 2.10%
- 1Y
- 1.46%
- 3Y*
- 10.19%
- 5Y*
- -4.65%
- 10Y*
- —
WTER.DE vs. IPRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 15.41% | 17.33% | 0.64% | 9.42% | -18.13% |
IPRE.DE iShares European Property Yield UCITS ETF EUR (Acc) | 2.10% | 8.66% | -0.90% | 18.13% | -33.39% |
Correlation
The correlation between WTER.DE and IPRE.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.52 |
Over the past year, the correlation between WTER.DE and IPRE.DE has dropped to 0.26 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
WTER.DE vs. IPRE.DE — Risk / Return Rank
WTER.DE
IPRE.DE
WTER.DE vs. IPRE.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 European Property Yield UCITS ETF EUR (Acc) (IPRE.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.
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.
| WTER.DE | IPRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.03 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.10 | +2.10 |
| Martin ratioReturn relative to average drawdown | 5.60 | 0.23 | +5.37 |
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Drawdowns
WTER.DE vs. IPRE.DE - Drawdown Comparison
The maximum WTER.DE drawdown since its inception was -32.84%, smaller than the maximum IPRE.DE drawdown of -50.15%. Use the drawdown chart below to compare losses from any high point for WTER.DE and IPRE.DE.
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Drawdown Indicators
| WTER.DE | IPRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -50.15% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.49% | -15.03% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -17.41% | -6.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.30% | — |
Current DrawdownCurrent decline from peak | -8.88% | -25.54% | +16.66% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -23.69% | +7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.29% | 6.46% | -1.17% |
Volatility
WTER.DE vs. IPRE.DE - Volatility Comparison
WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) and iShares European Property Yield UCITS ETF EUR (Acc) (IPRE.DE) have volatilities of 4.49% and 4.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTER.DE | IPRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.47% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 13.28% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 15.53% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 21.59% | -3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 21.19% | -3.56% |
WTER.DE vs. IPRE.DE - Expense Ratio Comparison
WTER.DE has a 0.45% expense ratio, which is higher than IPRE.DE's 0.40% expense ratio.
Dividends
WTER.DE vs. IPRE.DE - Dividend Comparison
WTER.DE's dividend yield for the trailing twelve months is around 1.63%, while IPRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IPRE.DE iShares European Property Yield UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.63% | 1.75% | 1.79% | 1.25% | 0.76% |
Frequently Asked Questions
WTER.DE and IPRE.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPRE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPRE.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for WTER.DE.
WTER.DE tracks CenterSquare New Economy Real Estate, while IPRE.DE tracks FTSE EPRA Nareit Developed Europe ex UK Dividend+ Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WTER.DE and 0.40% for IPRE.DE.
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