XRES.L vs. WTNR.L
XRES.L (Invesco Real Estate S&P US Select Sector UCITS ETF Acc) and WTNR.L (WisdomTree New Economy Real Estate UCITS ETF USD Acc) are both REIT funds - XRES.L tracks the S&P Select Sector Capped 20% Real Estate Index while WTNR.L tracks the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 3 years, XRES.L returned 9.53%/yr vs 19.69%/yr for WTNR.L. A 0.71 correlation means they provide meaningful diversification when combined. XRES.L charges 0.14%/yr vs 0.45%/yr for WTNR.L.
Performance
XRES.L vs. WTNR.L - Performance Comparison
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Different Trading Currencies
XRES.L is traded in USD, while WTNR.L is traded in GBp. To make them comparable, the WTNR.L 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 lower than WTNR.L's 22.20% 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%
WTNR.L
- 1D
- -0.89%
- 1M
- 6.28%
- YTD
- 22.20%
- 6M
- 21.34%
- 1Y
- 47.21%
- 3Y*
- 19.69%
- 5Y*
- —
- 10Y*
- —
XRES.L vs. WTNR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XRES.L Invesco Real Estate S&P US Select Sector UCITS ETF Acc | 9.04% | 3.99% | 2.44% | 12.71% | -15.51% |
WTNR.L WisdomTree New Economy Real Estate UCITS ETF USD Acc | 22.20% | 32.13% | -4.85% | 13.45% | -20.97% |
Correlation
The correlation between XRES.L and WTNR.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022 | 0.71 |
Over the past year, the correlation between XRES.L and WTNR.L has dropped to 0.49 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
XRES.L vs. WTNR.L — Risk / Return Rank
XRES.L
WTNR.L
XRES.L vs. WTNR.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 WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.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 | WTNR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.23 | -1.99 |
| Martin ratioReturn relative to average drawdown | 3.26 | 9.01 | -5.75 |
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 | WTNR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.28 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.41 | -0.02 |
Drawdowns
XRES.L vs. WTNR.L - Drawdown Comparison
The maximum XRES.L drawdown since its inception was -37.84%, which is greater than WTNR.L's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for XRES.L and WTNR.L.
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Drawdown Indicators
| XRES.L | WTNR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.84% | -33.76% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -14.56% | +7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.95% | -22.78% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | — | — |
Current DrawdownCurrent decline from peak | -3.19% | -2.70% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -16.17% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 5.23% | -2.36% |
Volatility
XRES.L vs. WTNR.L - Volatility Comparison
The current volatility for Invesco Real Estate S&P US Select Sector UCITS ETF Acc (XRES.L) is 4.47%, while WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTNR.L) has a volatility of 8.10%. This indicates that XRES.L experiences smaller price fluctuations and is considered to be less risky than WTNR.L 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 | WTNR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 8.10% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 14.85% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 20.71% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 20.45% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 20.45% | -1.56% |
XRES.L vs. WTNR.L - Expense Ratio Comparison
XRES.L has a 0.14% expense ratio, which is lower than WTNR.L's 0.45% expense ratio.
Dividends
XRES.L vs. WTNR.L - Dividend Comparison
Neither XRES.L nor WTNR.L has paid dividends to shareholders.
Frequently Asked Questions
XRES.L and WTNR.L have a correlation of 0.49, 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 0.45% for WTNR.L.
XRES.L tracks S&P Select Sector Capped 20% Real Estate Index, while WTNR.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.14% for XRES.L and 0.45% for WTNR.L.
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