AYEW.DE vs. USPY.DE
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and USPY.DE (L&G Cyber Security UCITS ETF) are both Technology Equities funds - AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped while USPY.DE tracks the ISE Cyber Security UCITS. Both are passively managed. Over the past 5 years, AYEW.DE returned 17.69%/yr vs 12.77%/yr for USPY.DE. A 0.72 correlation means they provide meaningful diversification when combined. AYEW.DE charges 0.18%/yr vs 0.69%/yr for USPY.DE.
Performance
AYEW.DE vs. USPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEW.DE achieves a 18.08% return, which is significantly lower than USPY.DE's 46.57% return.
AYEW.DE
- 1D
- -1.83%
- 1M
- -3.51%
- 6M
- 16.95%
- YTD
- 18.08%
- 1Y
- 28.78%
- 3Y*
- 24.81%
- 5Y*
- 17.69%
- 10Y*
- —
USPY.DE
- 1D
- -0.92%
- 1M
- 12.06%
- 6M
- 48.53%
- YTD
- 46.57%
- 1Y
- 42.22%
- 3Y*
- 27.32%
- 5Y*
- 12.77%
- 10Y*
- 16.55%
AYEW.DE vs. USPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 18.08% | 9.71% | 33.71% | 55.81% | -29.73% | 41.85% | 31.02% | 11.45% |
USPY.DE L&G Cyber Security UCITS ETF | 46.57% | -3.39% | 24.34% | 37.45% | -28.70% | 17.00% | 28.61% | 8.72% |
Correlation
The correlation between AYEW.DE and USPY.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.72 |
The correlation between AYEW.DE and USPY.DE shifts across timeframes, from 0.55 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AYEW.DE vs. USPY.DE — Risk / Return Rank
AYEW.DE
USPY.DE
AYEW.DE vs. USPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) and L&G Cyber Security UCITS ETF (USPY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AYEW.DE | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.14 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.85 | 5.68 | -0.83 |
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Drawdowns
AYEW.DE vs. USPY.DE - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.30%, smaller than the maximum USPY.DE drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and USPY.DE.
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Drawdown Indicators
| AYEW.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.30% | -36.25% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -19.61% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -28.96% | -30.52% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -30.17% | -33.89% | +3.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -7.22% | -4.57% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -10.87% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 7.41% | -1.49% |
Volatility
AYEW.DE vs. USPY.DE - Volatility Comparison
The current volatility for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) is 7.31%, while L&G Cyber Security UCITS ETF (USPY.DE) has a volatility of 10.53%. This indicates that AYEW.DE experiences smaller price fluctuations and is considered to be less risky than USPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEW.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 10.53% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.50% | 25.25% | -8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 28.55% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 25.15% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 23.75% | -0.18% |
AYEW.DE vs. USPY.DE - Expense Ratio Comparison
AYEW.DE has a 0.18% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
AYEW.DE vs. USPY.DE - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.26%, while USPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.26% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
USPY.DE L&G Cyber Security UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AYEW.DE and USPY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEW.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEW.DE is cheaper with a 0.18% expense ratio, compared with 0.69% for USPY.DE.
AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while USPY.DE tracks ISE Cyber Security UCITS. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.18% for AYEW.DE and 0.69% for USPY.DE.
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