XDER.L vs. DTRE.L

Last updated Jun 5, 2026

XDER.L (Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C) and DTRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist) are both REIT funds - XDER.L tracks the FTSE EPRA Nareit Developed Europe TR EUR while DTRE.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, XDER.L returned 6.56%/yr vs 1.50%/yr for DTRE.L. A 0.56 correlation means they provide meaningful diversification when combined. XDER.L charges 0.33%/yr vs 0.60%/yr for DTRE.L.

Performance

XDER.L vs. DTRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDER.L achieves a -1.79% return, which is significantly lower than DTRE.L's 6.86% return.

XDER.L

• 1D: 0.28%
• 1M: -0.05%
• YTD: -1.79%
• 6M: -0.97%
• 1Y: -0.33%
• 3Y*: 6.56%
• 5Y*: -4.50%
• 10Y*: 0.79%

DTRE.L

• 1D: 0.22%
• 1M: 1.70%
• YTD: 6.86%
• 6M: 7.79%
• 1Y: 9.85%
• 3Y*: 1.50%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDER.L vs. DTRE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XDER.L Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C	-1.79%	11.17%	-7.99%	13.38%	-30.00%
DTRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist	6.86%	0.17%	-9.49%	7.19%	-18.73%

Correlation

The correlation between XDER.L and DTRE.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022	0.56

The correlation between XDER.L and DTRE.L has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.

XDER.L vs. DTRE.L - Sectors Allocation Comparison

Sectors	XDER.L	DTRE.L
Real Estate	97.7%	100.0%
Consumer Cyclical	1.0%	-
Financial Services	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XDER.L vs. DTRE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDER.L

XDER.L Risk / Return Rank: 9
XDER.L Sharpe Ratio Rank: 9
XDER.L Sortino Ratio Rank: 9
XDER.L Omega Ratio Rank: 9
XDER.L Calmar Ratio Rank: 9
XDER.L Martin Ratio Rank: 9

DTRE.L

DTRE.L Risk / Return Rank: 24
DTRE.L Sharpe Ratio Rank: 23
DTRE.L Sortino Ratio Rank: 23
DTRE.L Omega Ratio Rank: 22
DTRE.L Calmar Ratio Rank: 26
DTRE.L Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDER.L vs. DTRE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) and First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.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.

	XDER.L	DTRE.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.78	-0.80
Sortino ratio: Return per unit of downside risk	0.08	1.18	-1.11
Omega ratio: Gain probability vs. loss probability	1.01	1.14	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.02	1.18	-1.20
Martin ratio: Return relative to average drawdown	-0.05	3.52	-3.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDER.L vs. DTRE.L - Sharpe Ratio Comparison

The current XDER.L Sharpe Ratio is -0.02, which is lower than the DTRE.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of XDER.L and DTRE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDER.L	DTRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.78	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.25	+0.56

Drawdowns

XDER.L vs. DTRE.L - Drawdown Comparison

The maximum XDER.L drawdown since its inception was -45.20%, which is greater than DTRE.L's maximum drawdown of -31.20%. Use the drawdown chart below to compare losses from any high point for XDER.L and DTRE.L.

Drawdown Indicators

	XDER.L	DTRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.20%	-31.20%	-14.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.58%	-8.29%	-8.29%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-18.76%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-45.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.20%	—	—
Current Drawdown Current decline from peak	-27.03%	-18.18%	-8.85%
Average Drawdown Average peak-to-trough decline	-13.36%	-20.26%	+6.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	2.79%	+3.47%

Volatility

XDER.L vs. DTRE.L - Volatility Comparison

Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C (XDER.L) has a higher volatility of 5.38% compared to First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.L) at 4.08%. This indicates that XDER.L's price experiences larger fluctuations and is considered to be riskier than DTRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDER.L	DTRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	4.08%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	9.35%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	12.56%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	15.82%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	15.82%	+2.95%

XDER.L vs. DTRE.L - Expense Ratio Comparison

XDER.L has a 0.33% expense ratio, which is lower than DTRE.L's 0.60% expense ratio.

Dividends

XDER.L vs. DTRE.L - Dividend Comparison

XDER.L has not paid dividends to shareholders, while DTRE.L's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025	2024	2023	2022
DTRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist	2.61%	2.74%	2.42%	2.20%	1.17%
XDER.L Xtrackers FTSE EPRA/NAREIT Developed Europe Real Estate UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDER.L and DTRE.L in my portfolio?

XDER.L and DTRE.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDER.L or DTRE.L?

On fees, XDER.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDER.L or DTRE.L?

XDER.L is cheaper with a 0.33% expense ratio, compared with 0.60% for DTRE.L.

What is the main difference between XDER.L and DTRE.L?

XDER.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while DTRE.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.33% for XDER.L and 0.60% for DTRE.L.