ETF · iShares
DPYE iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc
ISIN IE00BDZVHD04London Stock Exchange: DPYEBlackRock, Inc.
- Property & infrastructure
- ETF
- ISA
- SIPP
- Accumulating
- EUR hedged
Latest close
LSE€6.27
on
- Ongoing charge
- 0.64% a year
- Fund size
- £76.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, DPYE (iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc, ISIN IE00BDZVHD04) closed at €6.27 on the London Stock Exchange. Its ongoing charge is 0.64% a year (about £64 on £10,000). Over the five years to 13/11/2026 its total return was −6.8%, or −27.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.4%
- −3.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +26.3%
- +14.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −6.8%
- −27.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £932 on 13/11/2026 — about £728 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund): 2022 −19.2%, 2023 +5.9%, 2024 −3.4%, 2025 +9.6%; 2026 to 13/11/2026 +2.0%. Returns of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.1%; to 30/09/2025: +2.6%; to 30/09/2024: +20.0%; to 30/09/2023: −4.2%; to 30/09/2022: −16.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +2.0% | −1.3% | |
| to | +9.6% | +5.8% | |
| to | −3.4% | −6.7% | |
| +5.9% | +1.7% | ||
| −19.2% | −26.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.1% | −5.6% |
| from | +2.6% | −1.4% |
| from | +20.0% | +17.0% |
| from | −4.2% | −10.0% |
| from | −16.7% | −23.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
15.3%over 5 years
| 1 year | 13.3% |
|---|---|
| 3 years | 13.1% |
| 5 years | 15.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −29.2%
- From to
- Lowest 12-month return
- −23.0%
- 12 months to
- Highest 12-month return
- +25.0%
- 12 months to
- Below its highest weekly close since November 2021
- 8.2%
- High of , latest
In words: Volatility of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds, annualised from weekly returns to 13/11/2026: 13.3% over 1 year, 13.1% over 3 years, 15.3% over 5 years. Largest fall in the price of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc since November 2021, in pounds: −29.2% from 31/12/2021 to 27/10/2023. The lowest 12-month return of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc in pounds (price, with income reinvested in the fund) since January 2021 was −23.0% (12 months to 14/10/2022); the highest was +25.0% (12 months to 25/10/2024). On 13/11/2026 the price of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc was 8.2% below its highest weekly close since November 2021 (24/07/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.64%
- a year
- On £10,000
- £64
- a year, roughly
- Over five years
- £316
- of £10,000, before growth
- 39 charge less
- 1 the same
- 5 charge more
Ongoing charge of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc is an exchange-traded fund (ETF) from iShares, launched in 2018.
It tracks the FTSE EPRA Nareit Developed Dividend+.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.64% a year — about £64 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged to euros, not to the pound: it aims to remove most of the effect of exchange-rate moves against euros, so a holder who counts in pounds still has currency risk.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- DPYE
- ISIN
- IE00BDZVHD04
- Provider
- iShares
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.64% a year · about £64 on £10,000
- Fund size
- £76.9m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to euros
- Price currency
- EUR
- Category
- Property & infrastructure
Price chart
Over the last year, the closing price went from €5.91 on 14/11/2025 to €6.27 on 13/11/2026 (+6.2%). The lowest close shown was €5.86 on 21/11/2025 and the highest €6.69 on 24/07/2026.
One close a week. Before 30/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 322
- on record
- Ten largest
- 36.8%
- of the whole fund
- Effective number of holdings
- 52
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.0%
- Prologis
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | PrologisPLDReal Estate | 7.02% |
| 2 | EquinixEQIXReal Estate | 5.83% |
| 3 | Simon Property GroupSPGReal Estate | 4.27% |
| 4 | Digital Realty TrustDLRReal Estate | 3.78% |
| 5 | Public StoragePSAReal Estate | 3.32% |
| 6 | Realty IncomeOReal Estate | 3.22% |
| 7 | Vivmark ResidentialVMRKReal Estate | 2.91% |
| 8 | VentasVTRReal Estate | 2.65% |
| 9 | Extra Space StorageEXRReal Estate | 1.95% |
| 10 | Iron MountainReal Estate | 1.84% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Retail Reits19.6%
- Other Specialty REITs15.2%
- Residential Reits11.5%
- Real Estate Holding and Development10.6%
- Diversified Reits6.9%
- Office REITs5.5%
- Hotel and Lodging REITs4.5%
- Cash and derivatives0.6%
- Other sectors25.6%
By country
- United States66.1%
- Japan7.3%
- United Kingdom4.0%
- Australia3.7%
- Hong Kong3.7%
- Singapore3.4%
- Canada2.2%
- France1.9%
- Other countries7.7%
By type of asset
- Equity99.5%
- Cash and money market0.6%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 319 holdings; the ten largest make up 36.8% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
4 funds track FTSE EPRA Nareit Developed Dividend+, this one included and share classes counted once; their ongoing charges range from 0.59% to 0.64% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| iShares Developed Markets Property Yield UCITS ETFDistributing · 0.59% a year | 0.59% | +5.1% | +28.2% | −0.1% |
| iShares Developed Markets Property Yield UCITS ETF AccAccumulating · 0.59% a year | 0.59% | +5.7% | +28.4% | +0.2% |
| iShares Developed Markets Property Yield UCITS ETF EUR Hedged AccThis fundAccumulating · Currency hedged · 0.64% a year | 0.64% | −0.4% | +26.3% | −6.8% |
| iShares Developed Markets Property Yield UCITS ETF GBP Hedged DistDistributing · Currency hedged · 0.64% a year | 0.64% | +6.9% | +38.1% | +1.9% |
As of
FTSE EPRA Nareit Developed Dividend+ funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- iShares Developed Markets Property Yield UCITS ETFDistributing · 0.59% a year · IE00B1FZS350
- iShares Developed Markets Property Yield UCITS ETF AccAccumulating · 0.59% a year · IE00BFM6T921
- iShares Developed Markets Property Yield UCITS ETF GBP Hedged DistDistributing · Currency hedged · 0.64% a year · IE00BDZVHC96
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of DPYE?
The ongoing charge of DPYE is 0.64% a year — about £64 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares Developed Markets Property Yield UCITS ETF EUR Hedged Acc 0.64% a year. Compared on 14/11/2026, 5 of the 45 other property and infrastructure funds charge more, 1 the same and 39 less (share classes counted once).
What does DPYE track?
DPYE tracks the FTSE EPRA Nareit Developed Dividend+.
Is DPYE accumulating or distributing?
DPYE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of DPYE?
The ISIN of DPYE is IE00BDZVHD04. An ISIN identifies one exact share class of a fund; DPYE is its ticker on the London Stock Exchange.
What does DPYE hold?
As of 06/11/2026, DPYE holds 319 positions, according to its published holdings. The largest is Prologis at 7.02% of the fund; the ten largest make up 36.8%. Its ten largest holdings are Prologis (7.02%), Equinix (5.83%), Simon Property Group (4.27%), Digital Realty Trust (3.78%), Public Storage (3.32%), Realty Income (3.22%), Vivmark Residential (2.91%), Ventas (2.65%), Extra Space Storage (1.95%) and Iron Mountain (1.84%).
What were DPYE’s returns in each of the last five years?
Calendar-year returns of DPYE in pounds (price, with income reinvested in the fund): 2022 −19.2%, 2023 +5.9%, 2024 −3.4%, 2025 +9.6%; 2026 to 13/11/2026 +2.0%. Past performance is not a guide to future returns.
How has DPYE done after inflation?
Over the five years to 13/11/2026 DPYE’s total return was −6.8%, or −27.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- HPROHSBC FTSE EPRA/NAREIT Developed UCITS ETF0.32% a year · £2.0bn
- INFRiShares Global Infrastructure UCITS ETF USD0.65% a year · £2.0bn
- FGRDFirst Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF Accum A USD0.70% a year · £1.9bn
- 0VQMUBS ETF (CH) SXI Real Estate Funds (CHF) A-dis1.05% a year · £1.5bn
- IWDPiShares Developed Markets Property Yield UCITS ETF0.59% a year · £682m
- HPRSHSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF Acc0.32% a year · £679m
- IPRPiShares European Property Yield UCITS ETF EUR0.40% a year · £635m
- PAVEGlobal X U.S. Infrastructure Development UCITS ETF AccumUSD0.47% a year · £574m
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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