XREP.L vs. IDUP.L
XREP.L (Invesco Real Estate S&P US Select Sector UCITS ETF GBP) and IDUP.L (iShares US Property Yield UCITS ETF USD (Dist)) are both REIT funds - XREP.L tracks the S&P Select Sector Capped 20% Real Estate Index while IDUP.L tracks the FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). Both are passively managed. Over the past 3 years, XREP.L returned 8.65%/yr vs 9.84%/yr for IDUP.L. Their correlation of 0.88 suggests significant overlap in exposure. XREP.L charges 0.14%/yr vs 0.40%/yr for IDUP.L.
Performance
XREP.L vs. IDUP.L - Performance Comparison
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Different Trading Currencies
XREP.L is traded in GBp, while IDUP.L is traded in USD. To make them comparable, the IDUP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XREP.L achieves a 14.67% return, which is significantly lower than IDUP.L's 19.71% return.
XREP.L
- 1D
- 1.08%
- 1M
- 2.66%
- 6M
- 10.45%
- YTD
- 14.67%
- 1Y
- 14.04%
- 3Y*
- 8.65%
- 5Y*
- —
- 10Y*
- —
IDUP.L
- 1D
- 1.04%
- 1M
- 2.73%
- 6M
- 14.96%
- YTD
- 19.71%
- 1Y
- 21.38%
- 3Y*
- 9.84%
- 5Y*
- 4.33%
- 10Y*
- 4.13%
XREP.L vs. IDUP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XREP.L Invesco Real Estate S&P US Select Sector UCITS ETF GBP | 14.67% | -3.09% | 4.07% | 6.60% | -10.87% |
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 19.71% | -5.06% | 6.56% | 7.39% | -10.79% |
Correlation
The correlation between XREP.L and IDUP.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.88 |
The correlation between XREP.L and IDUP.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
XREP.L vs. IDUP.L — Risk / Return Rank
XREP.L
IDUP.L
XREP.L vs. IDUP.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 iShares US Property Yield UCITS ETF USD (Dist) (IDUP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XREP.L | IDUP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 3.29 | -1.27 |
| Martin ratioReturn relative to average drawdown | 4.46 | 7.66 | -3.19 |
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Drawdowns
XREP.L vs. IDUP.L - Drawdown Comparison
The maximum XREP.L drawdown since its inception was -27.45%, smaller than the maximum IDUP.L drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for XREP.L and IDUP.L.
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Drawdown Indicators
| XREP.L | IDUP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.45% | -59.86% | +32.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -6.47% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -21.22% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.54% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.17% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -12.21% | -11.10% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.79% | +0.35% |
Volatility
XREP.L vs. IDUP.L - Volatility Comparison
Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.L) and iShares US Property Yield UCITS ETF USD (Dist) (IDUP.L) have volatilities of 5.16% and 5.33%, 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.
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Volatility by Period
| XREP.L | IDUP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.33% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.91% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 13.83% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 17.71% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 19.91% | -3.54% |
XREP.L vs. IDUP.L - Expense Ratio Comparison
XREP.L has a 0.14% expense ratio, which is lower than IDUP.L's 0.40% expense ratio.
Dividends
XREP.L vs. IDUP.L - Dividend Comparison
XREP.L has not paid dividends to shareholders, while IDUP.L's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDUP.L iShares US Property Yield UCITS ETF USD (Dist) | 2.81% | 3.20% | 3.09% | 3.13% | 3.84% | 2.13% | 3.22% | 3.10% | 4.60% | 3.17% | 3.55% | 2.98% |
XREP.L Invesco Real Estate S&P US Select Sector UCITS ETF GBP | 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
With a correlation of 0.91, XREP.L and IDUP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
XREP.L is cheaper with a 0.14% expense ratio, compared with 0.40% for IDUP.L.
XREP.L tracks S&P Select Sector Capped 20% Real Estate Index, while IDUP.L tracks FTSE EPRA Nareit US Dividend+ Net of Tax Index (USD). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XREP.L and 0.40% for IDUP.L.
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