WTNR.L vs. UKRE.L
WTNR.L (WisdomTree New Economy Real Estate UCITS ETF USD Acc) and UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) are both REIT funds - WTNR.L tracks the FTSE EPRA Nareit Global TR USD while UKRE.L tracks the MSCI UK IMI Liquid Real Estate Index. Both are passively managed. Over the past 3 years, WTNR.L returned 16.68%/yr vs -5.47%/yr for UKRE.L. At a 0.43 correlation, their price movements are largely independent. WTNR.L charges 0.45%/yr vs 0.40%/yr for UKRE.L.
Performance
WTNR.L vs. UKRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, WTNR.L achieves a 22.49% return, which is significantly higher than UKRE.L's -3.77% return.
WTNR.L
- 1D
- -0.94%
- 1M
- 7.19%
- YTD
- 22.49%
- 6M
- 20.45%
- 1Y
- 48.63%
- 3Y*
- 16.68%
- 5Y*
- —
- 10Y*
- —
UKRE.L
- 1D
- 0.51%
- 1M
- 1.52%
- YTD
- -3.77%
- 6M
- -2.98%
- 1Y
- -6.72%
- 3Y*
- -5.47%
- 5Y*
- -7.09%
- 10Y*
- -3.16%
WTNR.L vs. UKRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTNR.L WisdomTree New Economy Real Estate UCITS ETF USD Acc | 22.49% | 22.86% | -3.23% | 7.76% | -11.51% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | -3.77% | -0.98% | -13.13% | 0.85% | -19.84% |
Correlation
The correlation between WTNR.L and UKRE.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.43 |
Over the past year, the correlation between WTNR.L and UKRE.L has dropped to 0.20 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
WTNR.L vs. UKRE.L — Risk / Return Rank
WTNR.L
UKRE.L
WTNR.L vs. UKRE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.L) and iShares MSCI Target UK Real Estate UCITS ETF (UKRE.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.
| WTNR.L | UKRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.92 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | -0.56 | +4.33 |
| Martin ratioReturn relative to average drawdown | 9.73 | -1.09 | +10.82 |
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
| WTNR.L | UKRE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | -0.54 | +3.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | -0.25 | +0.72 |
Drawdowns
WTNR.L vs. UKRE.L - Drawdown Comparison
The maximum WTNR.L drawdown since its inception was -29.28%, smaller than the maximum UKRE.L drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for WTNR.L and UKRE.L.
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Drawdown Indicators
| WTNR.L | UKRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.28% | -40.08% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -11.92% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.61% | -21.04% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.08% | — |
Current DrawdownCurrent decline from peak | -2.54% | -37.81% | +35.27% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -16.46% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 6.18% | -1.20% |
Volatility
WTNR.L vs. UKRE.L - Volatility Comparison
WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.L) has a higher volatility of 7.73% compared to iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) at 3.85%. This indicates that WTNR.L's price experiences larger fluctuations and is considered to be riskier than UKRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTNR.L | UKRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 3.85% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 9.92% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.55% | 12.48% | +7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.20% | 14.06% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 13.63% | +4.57% |
WTNR.L vs. UKRE.L - Expense Ratio Comparison
WTNR.L has a 0.45% expense ratio, which is higher than UKRE.L's 0.40% expense ratio.
Dividends
WTNR.L vs. UKRE.L - Dividend Comparison
WTNR.L has not paid dividends to shareholders, while UKRE.L's dividend yield for the trailing twelve months is around 0.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 0.07% | 0.07% | 0.08% | 0.05% | 0.02% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.02% | 0.01% |
WTNR.L WisdomTree New Economy Real Estate 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
WTNR.L and UKRE.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UKRE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UKRE.L is cheaper with a 0.40% expense ratio, compared with 0.45% for WTNR.L.
WTNR.L tracks FTSE EPRA Nareit Global TR USD, while UKRE.L tracks MSCI UK IMI Liquid Real Estate Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WTNR.L and 0.40% for UKRE.L.
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