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XREP.L vs. IDWP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XREP.L vs. IDWP.L

Last updated Jun 5, 2026

XREP.L (Invesco Real Estate S&P US Select Sector UCITS ETF GBP) and IDWP.L (iShares Developed Markets Property Yield UCITS) are both REIT funds - XREP.L tracks the S&P Select Sector Capped 20% Real Estate Index while IDWP.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 5.85%/yr for IDWP.L. Their correlation of 0.83 suggests significant overlap in exposure. XREP.L charges 0.14%/yr vs 0.59%/yr for IDWP.L.

Performance

XREP.L vs. IDWP.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 iShares Developed Markets Property Yield UCITS (IDWP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XREP.L is traded in GBp, while IDWP.L is traded in USD. To make them comparable, the IDWP.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 9.29% return, which is significantly higher than IDWP.L's 7.27% return.

XREP.L

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

IDWP.L

1D
0.28%
1M
-0.11%
YTD
7.27%
6M
7.05%
1Y
11.60%
3Y*
5.85%
5Y*
1.82%
10Y*
4.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
XREP.L
Invesco Real Estate S&P US Select Sector UCITS ETF GBP		9.29%-3.09%4.07%6.60%1.33%
IDWP.L
iShares Developed Markets Property Yield UCITS		7.27%1.42%1.93%3.91%0.75%

Correlation

The correlation between XREP.L and IDWP.L is 0.81, 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

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2022

0.83

The correlation between XREP.L and IDWP.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

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

Sectors
XREP.L
IDWP.L

Real Estate

100.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.0%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.1%

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

XREP.L
100.0%
IDWP.L
100.0%

Basic Materials

XREP.L

-

IDWP.L

-

Communication Services

XREP.L

-

IDWP.L

-

Consumer Cyclical

XREP.L

-

IDWP.L
0.0%

Consumer Defensive

XREP.L

-

IDWP.L

-

Energy

XREP.L

-

IDWP.L

-

Financial Services

XREP.L

-

IDWP.L
0.1%

Healthcare

XREP.L

-

IDWP.L

-

Industrials

XREP.L

-

IDWP.L

-

Technology

XREP.L

-

IDWP.L

-

Utilities

XREP.L

-

IDWP.L

-

Compare stocks, funds, or ETFs

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Invesco Real Estate S&P US Select Sector UCITS ETF GBP

iShares Developed Markets Property Yield UCITS

Often compared with XREP.L:
XREP.L vs. IUSP.LXREP.L vs. VNQIXREP.L vs. IYRXREP.L vs. QQQXREP.L vs. XDEQ.LXREP.L vs. VNQXREP.L vs. DPYA.L
Often compared with IDWP.L:
IDWP.L vs. IPRP.LIDWP.L vs. GLRE.LIDWP.L vs. VNQIDWP.L vs. CSPX.LIDWP.L vs. SCHDIDWP.L vs. REETIDWP.L vs. IUSP.L

Return for Risk

XREP.L vs. IDWP.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: 1717
Overall Rank
XREP.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
XREP.L Sortino Ratio Rank: 1616
Sortino Ratio Rank
XREP.L Omega Ratio Rank: 2929
Omega Ratio Rank
XREP.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
XREP.L Martin Ratio Rank: 1212
Martin Ratio Rank
IDWP.L
IDWP.L Risk / Return Rank: 2525
Overall Rank
IDWP.L Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IDWP.L Sortino Ratio Rank: 2525
Sortino Ratio Rank
IDWP.L Omega Ratio Rank: 2424
Omega Ratio Rank
IDWP.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
IDWP.L Martin Ratio Rank: 2727
Martin Ratio Rank
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. IDWP.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 Developed Markets Property Yield UCITS (IDWP.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.LIDWP.LDifference
Sharpe ratioReturn per unit of total volatility
0.23
0.96

-0.73

Sortino ratioReturn per unit of downside risk
0.73
1.41

-0.68

Omega ratioGain probability vs. loss probability

1.19

1.17

+0.02

Calmar ratioReturn relative to maximum drawdown

0.35

1.40

-1.04

Martin ratioReturn relative to average drawdown

0.52

4.26

-3.74

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. IDWP.L - Sharpe Ratio Comparison

The current XREP.L Sharpe Ratio is 0.23, which is lower than the IDWP.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of XREP.L and IDWP.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.

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Sharpe Ratios by Period

XREP.LIDWP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.23

0.96

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.12

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.24

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

0.25

-0.07

Drawdowns

XREP.L vs. IDWP.L - Drawdown Comparison

The maximum XREP.L drawdown since its inception was -29.50%, smaller than the maximum IDWP.L drawdown of -56.36%. Use the drawdown chart below to compare losses from any high point for XREP.L and IDWP.L.

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Drawdown Indicators

XREP.LIDWP.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.50%

-56.36%

+26.86%

Max Drawdown (1Y)

Largest decline over 1 year

-29.50%

-8.28%

-21.22%

Max Drawdown (3Y)

Largest decline over 3 years

-29.50%

-17.16%

-12.34%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.73%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.93%

—

Current Drawdown

Current decline from peak

-21.53%

-3.42%

-18.11%

Average Drawdown

Average peak-to-trough decline

-11.54%

-9.83%

-1.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.76%

2.72%

+17.04%

Volatility

XREP.L vs. IDWP.L - Volatility Comparison

Invesco Real Estate S&P US Select Sector UCITS ETF GBP (XREP.L) has a higher volatility of 3.93% compared to iShares Developed Markets Property Yield UCITS (IDWP.L) at 3.40%. This indicates that XREP.L's price experiences larger fluctuations and is considered to be riskier than IDWP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XREP.LIDWP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

3.40%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.74%

9.57%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

44.28%

12.05%

+32.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.43%

14.97%

+12.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.43%

16.56%

+10.87%

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

XREP.L has a 0.14% expense ratio, which is lower than IDWP.L's 0.59% expense ratio.

Dividends

XREP.L vs. IDWP.L - Dividend Comparison

XREP.L has not paid dividends to shareholders, while IDWP.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018201720162015
IDWP.L
iShares Developed Markets Property Yield UCITS		3.01%3.07%3.22%3.07%3.66%2.22%2.91%2.89%3.94%2.91%3.27%3.01%
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

XREP.L and IDWP.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.59% for IDWP.L.

XREP.L tracks S&P Select Sector Capped 20% Real Estate Index, while IDWP.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XREP.L and 0.59% for IDWP.L.

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