XRES.L vs. IQQP.DE
XRES.L (Invesco Real Estate S&P US Select Sector UCITS ETF Acc) and IQQP.DE (iShares European Property Yield UCITS ETF) are both REIT funds - XRES.L tracks the S&P Select Sector Capped 20% Real Estate Index while IQQP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. Both are passively managed. Over the past 10 years, XRES.L returned 6.39%/yr vs 0.77%/yr for IQQP.DE. A 0.51 correlation means they provide meaningful diversification when combined. XRES.L charges 0.14%/yr vs 0.40%/yr for IQQP.DE.
Performance
XRES.L vs. IQQP.DE - Performance Comparison
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Different Trading Currencies
XRES.L is traded in USD, while IQQP.DE is traded in EUR. To make them comparable, the IQQP.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XRES.L achieves a 9.04% return, which is significantly higher than IQQP.DE's -0.85% return. Over the past 10 years, XRES.L has outperformed IQQP.DE with an annualized return of 6.39%, while IQQP.DE has yielded a comparatively lower 0.77% 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%
IQQP.DE
- 1D
- 0.63%
- 1M
- -2.19%
- YTD
- -0.85%
- 6M
- 0.80%
- 1Y
- 0.20%
- 3Y*
- 13.91%
- 5Y*
- -5.05%
- 10Y*
- 0.77%
XRES.L vs. IQQP.DE - 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% |
IQQP.DE iShares European Property Yield UCITS ETF | -0.85% | 22.55% | -6.48% | 21.53% | -40.69% | -0.35% | -0.05% | 23.55% | -11.41% | 30.76% |
Correlation
The correlation between XRES.L and IQQP.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2016 | 0.51 |
The correlation between XRES.L and IQQP.DE has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
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Return for Risk
XRES.L vs. IQQP.DE — Risk / Return Rank
XRES.L
IQQP.DE
XRES.L vs. IQQP.DE - 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 European Property Yield UCITS ETF (IQQP.DE). 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 | IQQP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.02 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.01 | +1.22 |
| Martin ratioReturn relative to average drawdown | 3.26 | 0.03 | +3.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XRES.L | IQQP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.01 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.21 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.04 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.05 | +0.33 |
Drawdowns
XRES.L vs. IQQP.DE - Drawdown Comparison
The maximum XRES.L drawdown since its inception was -37.84%, smaller than the maximum IQQP.DE drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for XRES.L and IQQP.DE.
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Drawdown Indicators
| XRES.L | IQQP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.84% | -64.74% | +26.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -17.27% | +9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -20.85% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -34.70% | -58.18% | +23.48% |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | -58.18% | +20.34% |
Current DrawdownCurrent decline from peak | -3.19% | -26.65% | +23.46% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -19.81% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 6.68% | -3.81% |
Volatility
XRES.L vs. IQQP.DE - Volatility Comparison
The current volatility for Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) is 4.47%, while iShares European Property Yield UCITS ETF (IQQP.DE) has a volatility of 5.40%. This indicates that XRES.L experiences smaller price fluctuations and is considered to be less risky than IQQP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRES.L | IQQP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.40% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 14.03% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 16.90% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 24.33% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 21.65% | -2.76% |
XRES.L vs. IQQP.DE - Expense Ratio Comparison
XRES.L has a 0.14% expense ratio, which is lower than IQQP.DE's 0.40% expense ratio.
Dividends
XRES.L vs. IQQP.DE - Dividend Comparison
XRES.L has not paid dividends to shareholders, while IQQP.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 2.89% | 2.89% | 2.75% | 2.65% | 4.34% | 2.07% | 2.64% | 2.92% | 3.33% | 2.83% | 2.61% | 2.62% |
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
XRES.L and IQQP.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XRES.L is cheaper with a 0.14% expense ratio, compared with 0.40% for IQQP.DE.
XRES.L tracks S&P Select Sector Capped 20% Real Estate Index, while IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XRES.L and 0.40% for IQQP.DE.
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