XREP.L vs. DTRE.L

Last updated Jun 5, 2026

XREP.L (Invesco Real Estate S&P US Select Sector UCITS ETF GBP) and DTRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist) are both REIT funds - XREP.L tracks the S&P Select Sector Capped 20% Real Estate Index while DTRE.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, XREP.L returned 6.73%/yr vs 1.50%/yr for DTRE.L. Their correlation of 0.90 suggests significant overlap in exposure. XREP.L charges 0.14%/yr vs 0.60%/yr for DTRE.L.

Performance

XREP.L vs. DTRE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.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, XREP.L achieves a 9.29% return, which is significantly higher than DTRE.L's 6.86% return.

XREP.L

• 1D: 0.09%
• 1M: 0.76%
• YTD: 9.29%
• 6M: 8.24%
• 1Y: 10.39%
• 3Y*: 6.73%
• 5Y*: —
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022
XREP.L Invesco Real Estate S&P US Select Sector UCITS ETF GBP	9.29%	-3.09%	4.07%	6.60%	1.33%
DTRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist	6.86%	0.17%	-9.49%	7.19%	3.51%

Correlation

The correlation between XREP.L and DTRE.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022	0.90

The correlation between XREP.L and DTRE.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

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

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

Return for Risk

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

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

XREP.L

XREP.L Risk / Return Rank: 17
XREP.L Sharpe Ratio Rank: 12
XREP.L Sortino Ratio Rank: 16
XREP.L Omega Ratio Rank: 29
XREP.L Calmar Ratio Rank: 13
XREP.L Martin Ratio Rank: 12

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.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.

	XREP.L	DTRE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.78	-0.55
Sortino ratio: Return per unit of downside risk	0.73	1.18	-0.46
Omega ratio: Gain probability vs. loss probability	1.19	1.14	+0.05
Calmar ratio: Return relative to maximum drawdown	0.35	1.18	-0.83
Martin ratio: Return relative to average drawdown	0.52	3.52	-2.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XREP.L Sharpe Ratio is 0.23, which is lower than the DTRE.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of XREP.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

	XREP.L	DTRE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.78	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.25	+0.43

Drawdowns

XREP.L vs. DTRE.L - Drawdown Comparison

The maximum XREP.L drawdown since its inception was -29.50%, smaller than the maximum DTRE.L drawdown of -31.20%. Use the drawdown chart below to compare losses from any high point for XREP.L and DTRE.L.

Drawdown Indicators

	XREP.L	DTRE.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.50%	-31.20%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	-8.29%	-21.21%
Max Drawdown (3Y) Largest decline over 3 years	-29.50%	-18.76%	-10.74%
Current Drawdown Current decline from peak	-21.53%	-18.18%	-3.35%
Average Drawdown Average peak-to-trough decline	-11.54%	-20.26%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.76%	2.79%	+16.97%

Volatility

XREP.L vs. DTRE.L - Volatility Comparison

Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.L) and First Trust Alerian Disruptive Technology Real Estate UCITS ETF Dist (DTRE.L) have volatilities of 3.93% and 4.08%, 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.

Volatility by Period

	XREP.L	DTRE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	4.08%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	9.35%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	44.28%	12.56%	+31.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.43%	15.82%	+11.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.43%	15.82%	+11.61%

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

XREP.L has a 0.14% expense ratio, which is lower than DTRE.L's 0.60% expense ratio.

Dividends

XREP.L vs. DTRE.L - Dividend Comparison

XREP.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%
XREP.L Invesco Real Estate S&P US Select Sector UCITS ETF GBP	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

XREP.L and DTRE.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XREP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XREP.L is cheaper with a 0.14% expense ratio, compared with 0.60% for DTRE.L.

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

XREP.L tracks S&P Select Sector Capped 20% Real Estate Index, while DTRE.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.14% for XREP.L and 0.60% for DTRE.L.