WTRE.DE vs. AYEP.DE
WTRE.DE (WisdomTree New Economy Real Estate UCITS ETF USD Acc) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds - WTRE.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, WTRE.DE returned 16.45%/yr vs 0.62%/yr for AYEP.DE. A 0.52 correlation means they provide meaningful diversification when combined. WTRE.DE charges 0.45%/yr vs 0.59%/yr for AYEP.DE.
Performance
WTRE.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTRE.DE achieves a 23.44% return, which is significantly higher than AYEP.DE's -5.35% return.
WTRE.DE
- 1D
- -1.20%
- 1M
- 6.75%
- YTD
- 23.44%
- 6M
- 21.24%
- 1Y
- 44.31%
- 3Y*
- 16.45%
- 5Y*
- —
- 10Y*
- —
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
WTRE.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTRE.DE WisdomTree New Economy Real Estate UCITS ETF USD Acc | 23.44% | 17.67% | 0.40% | 10.12% | -17.45% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -3.36% |
Correlation
The correlation between WTRE.DE and AYEP.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.52 |
The correlation between WTRE.DE and AYEP.DE shifts across timeframes, from 0.37 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTRE.DE vs. AYEP.DE — Risk / Return Rank
WTRE.DE
AYEP.DE
WTRE.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 Acc (WTRE.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.
| WTRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 0.36 | +2.87 |
| Martin ratioReturn relative to average drawdown | 8.61 | 1.10 | +7.52 |
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
| WTRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.41 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.00 | +0.38 |
Drawdowns
WTRE.DE vs. AYEP.DE - Drawdown Comparison
The maximum WTRE.DE drawdown since its inception was -32.32%, smaller than the maximum AYEP.DE drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for WTRE.DE and AYEP.DE.
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Drawdown Indicators
| WTRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -38.46% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -12.31% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -12.31% | -11.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -2.46% | -16.71% | +14.25% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -15.03% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 4.07% | +1.06% |
Volatility
WTRE.DE vs. AYEP.DE - Volatility Comparison
WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.DE) has a higher volatility of 6.78% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that WTRE.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
| WTRE.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 2.79% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 8.31% | +5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 10.94% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 11.71% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 15.43% | +2.11% |
WTRE.DE vs. AYEP.DE - Expense Ratio Comparison
WTRE.DE has a 0.45% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
WTRE.DE vs. AYEP.DE - Dividend Comparison
Neither WTRE.DE nor AYEP.DE has paid dividends to shareholders.
Frequently Asked Questions
WTRE.DE and AYEP.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTRE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTRE.DE is cheaper with a 0.45% expense ratio, compared with 0.59% for AYEP.DE.
WTRE.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 WTRE.DE and 0.59% for AYEP.DE.
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