WTRE.DE vs. SPYJ.DE
WTRE.DE (WisdomTree New Economy Real Estate UCITS ETF USD Acc) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds - WTRE.DE tracks the CenterSquare New Economy Real Estate while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 3 years, WTRE.DE returned 16.45%/yr vs 5.92%/yr for SPYJ.DE. A 0.80 correlation means they provide meaningful diversification when combined. WTRE.DE charges 0.45%/yr vs 0.40%/yr for SPYJ.DE.
Performance
WTRE.DE vs. SPYJ.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 SPYJ.DE's 8.14% return.
WTRE.DE
- 1D
- -1.20%
- 1M
- 6.75%
- YTD
- 23.44%
- 6M
- 21.24%
- 1Y
- 44.31%
- 3Y*
- 16.45%
- 5Y*
- —
- 10Y*
- —
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
WTRE.DE vs. SPYJ.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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -14.73% |
Correlation
The correlation between WTRE.DE and SPYJ.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.80 |
Over the past year, the correlation between WTRE.DE and SPYJ.DE has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
WTRE.DE vs. SPYJ.DE — Risk / Return Rank
WTRE.DE
SPYJ.DE
WTRE.DE vs. SPYJ.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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.46 | +1.78 |
| Martin ratioReturn relative to average drawdown | 8.61 | 4.40 | +4.22 |
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 | SPYJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.90 | +1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.32 | +0.06 |
Drawdowns
WTRE.DE vs. SPYJ.DE - Drawdown Comparison
The maximum WTRE.DE drawdown since its inception was -32.32%, smaller than the maximum SPYJ.DE drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for WTRE.DE and SPYJ.DE.
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Drawdown Indicators
| WTRE.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -42.92% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -6.95% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -20.29% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.92% | — |
Current DrawdownCurrent decline from peak | -2.46% | -7.72% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -11.10% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.31% | +2.82% |
Volatility
WTRE.DE vs. SPYJ.DE - Volatility Comparison
WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.DE) has a higher volatility of 6.78% compared to SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) at 3.15%. This indicates that WTRE.DE's price experiences larger fluctuations and is considered to be riskier than SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.78% | 3.15% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.94% | 8.50% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.83% | 11.29% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 15.11% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 16.96% | +0.58% |
WTRE.DE vs. SPYJ.DE - Expense Ratio Comparison
WTRE.DE has a 0.45% expense ratio, which is higher than SPYJ.DE's 0.40% expense ratio.
Dividends
WTRE.DE vs. SPYJ.DE - Dividend Comparison
WTRE.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
WTRE.DE 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
WTRE.DE and SPYJ.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for WTRE.DE.
WTRE.DE tracks CenterSquare New Economy Real Estate, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.45% for WTRE.DE and 0.40% for SPYJ.DE.
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