XRES.L vs. IDWP.L

Last updated Jun 5, 2026

XRES.L (Invesco Real Estate S&P US Select Sector UCITS ETF Acc) and IDWP.L (iShares Developed Markets Property Yield UCITS) are both REIT funds - XRES.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 10 years, XRES.L returned 6.39%/yr vs 3.24%/yr for IDWP.L. Their correlation of 0.88 suggests significant overlap in exposure. XRES.L charges 0.14%/yr vs 0.59%/yr for IDWP.L.

Performance

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

Returns By Period

In the year-to-date period, XRES.L achieves a 9.04% return, which is significantly higher than IDWP.L's 6.84% return. Over the past 10 years, XRES.L has outperformed IDWP.L with an annualized return of 6.39%, while IDWP.L has yielded a comparatively lower 3.24% annualized return.

XRES.L

• 1D: -0.02%
• 1M: -0.28%
• YTD: 9.04%
• 6M: 8.82%
• 1Y: 9.37%
• 3Y*: 9.53%
• 5Y*: 2.78%
• 10Y*: 6.39%

IDWP.L

• 1D: 0.28%
• 1M: -1.02%
• YTD: 6.84%
• 6M: 7.80%
• 1Y: 10.53%
• 3Y*: 8.57%
• 5Y*: 0.73%
• 10Y*: 3.24%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRES.L Invesco Real Estate S&P US Select Sector UCITS ETF Acc	9.04%	3.99%	2.44%	12.71%	-25.97%	46.91%	-3.45%	27.10%	-2.96%	10.89%
IDWP.L iShares Developed Markets Property Yield UCITS	6.84%	9.19%	0.18%	9.37%	-24.02%	25.37%	-9.53%	21.22%	-5.44%	11.19%

Correlation

The correlation between XRES.L and IDWP.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 22, 2016	0.88

The correlation between XRES.L and IDWP.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

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

Sectors	XRES.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	-	-

Return for Risk

XRES.L vs. IDWP.L — Risk / Return Rank

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

XRES.L

XRES.L Risk / Return Rank: 23
XRES.L Sharpe Ratio Rank: 21
XRES.L Sortino Ratio Rank: 21
XRES.L Omega Ratio Rank: 20
XRES.L Calmar Ratio Rank: 26
XRES.L Martin Ratio Rank: 25

IDWP.L

IDWP.L Risk / Return Rank: 25
IDWP.L Sharpe Ratio Rank: 25
IDWP.L Sortino Ratio Rank: 25
IDWP.L Omega Ratio Rank: 24
IDWP.L Calmar Ratio Rank: 24
IDWP.L Martin Ratio Rank: 27

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.

XRES.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 Acc (XRES.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.

	XRES.L	IDWP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.88	-0.17
Sortino ratio: Return per unit of downside risk	1.08	1.35	-0.27
Omega ratio: Gain probability vs. loss probability	1.12	1.16	-0.03
Calmar ratio: Return relative to maximum drawdown	1.23	1.07	+0.16
Martin ratio: Return relative to average drawdown	3.26	3.64	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRES.L vs. IDWP.L - Sharpe Ratio Comparison

The current XRES.L Sharpe Ratio is 0.71, which is comparable to the IDWP.L Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of XRES.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.

Sharpe Ratios by Period

	XRES.L	IDWP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.88	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.05	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.19	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.15	+0.24

Drawdowns

XRES.L vs. IDWP.L - Drawdown Comparison

The maximum XRES.L drawdown since its inception was -37.84%, smaller than the maximum IDWP.L drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for XRES.L and IDWP.L.

Drawdown Indicators

	XRES.L	IDWP.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.84%	-70.51%	+32.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-9.78%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-17.95%	-18.07%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-34.70%	-33.95%	-0.75%
Max Drawdown (10Y) Largest decline over 10 years	-37.84%	-42.82%	+4.98%
Current Drawdown Current decline from peak	-3.19%	-3.98%	+0.79%
Average Drawdown Average peak-to-trough decline	-10.17%	-13.58%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.89%	-0.02%

Volatility

XRES.L vs. IDWP.L - Volatility Comparison

Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) has a higher volatility of 4.47% compared to iShares Developed Markets Property Yield UCITS (IDWP.L) at 3.63%. This indicates that XRES.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.

Volatility by Period

	XRES.L	IDWP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	3.63%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	9.20%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	11.98%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	16.24%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	17.23%	+1.66%

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

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

Dividends

XRES.L vs. IDWP.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XRES.L Invesco Real Estate S&P US Select Sector UCITS ETF 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

Can I hold both XRES.L and IDWP.L in my portfolio?

With a correlation of 0.90, XRES.L and IDWP.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.

Which ETF is better, XRES.L or IDWP.L?

On fees, XRES.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, XRES.L or IDWP.L?

XRES.L is cheaper with a 0.14% expense ratio, compared with 0.59% for IDWP.L.

What is the main difference between XRES.L and IDWP.L?

XRES.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 XRES.L and 0.59% for IDWP.L.