DPAY.L vs. ECOG.L
DPAY.L (L&G Digital Payments UCITS ETF USD (Acc)) and ECOG.L (Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds from Legal & General - DPAY.L tracks the Solactive Digital Payments Index NTR while ECOG.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, DPAY.L returned -5.68%/yr vs 1.88%/yr for ECOG.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
DPAY.L vs. ECOG.L - Performance Comparison
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Different Trading Currencies
DPAY.L is traded in USD, while ECOG.L is traded in GBp. To make them comparable, the ECOG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DPAY.L achieves a 2.53% return, which is significantly lower than ECOG.L's 2.80% return.
DPAY.L
- 1D
- 2.94%
- 1M
- 10.78%
- 6M
- 4.05%
- YTD
- 2.53%
- 1Y
- -5.75%
- 3Y*
- 3.47%
- 5Y*
- -5.68%
- 10Y*
- —
ECOG.L
- 1D
- 1.87%
- 1M
- 4.75%
- 6M
- 0.08%
- YTD
- 2.80%
- 1Y
- 7.17%
- 3Y*
- 6.81%
- 5Y*
- 1.88%
- 10Y*
- —
DPAY.L vs. ECOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DPAY.L L&G Digital Payments UCITS ETF USD (Acc) | 2.53% | -7.05% | 14.10% | 20.99% | -31.30% | -15.88% |
ECOG.L Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF | 2.80% | 11.35% | 2.83% | 21.15% | -21.58% | 1.21% |
Correlation
The correlation between DPAY.L and ECOG.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.74 |
The correlation between DPAY.L and ECOG.L has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
DPAY.L vs. ECOG.L — Risk / Return Rank
DPAY.L
ECOG.L
DPAY.L vs. ECOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) and Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.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.
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.
| DPAY.L | ECOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.08 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.50 | -0.71 |
| Martin ratioReturn relative to average drawdown | -0.38 | 1.29 | -1.67 |
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Drawdowns
DPAY.L vs. ECOG.L - Drawdown Comparison
The maximum DPAY.L drawdown since its inception was -50.59%, roughly equal to the maximum ECOG.L drawdown of -49.99%. Use the drawdown chart below to compare losses from any high point for DPAY.L and ECOG.L.
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Drawdown Indicators
| DPAY.L | ECOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -49.99% | -0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -27.54% | -14.15% | -13.39% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -21.53% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -50.27% | -40.18% | -10.09% |
Current DrawdownCurrent decline from peak | -28.35% | -0.94% | -27.41% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -19.62% | -12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 5.53% | +9.70% |
Volatility
DPAY.L vs. ECOG.L - Volatility Comparison
L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) has a higher volatility of 8.80% compared to Legal & General UCITS ETF plc - L&G Ecommerce Logistics UCITS ETF (ECOG.L) at 4.99%. This indicates that DPAY.L's price experiences larger fluctuations and is considered to be riskier than ECOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DPAY.L | ECOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 4.99% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 12.24% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 16.17% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 23.00% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 23.47% | +2.41% |
DPAY.L vs. ECOG.L - Expense Ratio Comparison
Both DPAY.L and ECOG.L have an expense ratio of 0.49%.
Dividends
DPAY.L vs. ECOG.L - Dividend Comparison
Neither DPAY.L nor ECOG.L has paid dividends to shareholders.
Frequently Asked Questions
DPAY.L and ECOG.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DPAY.L and ECOG.L have the same expense ratio: 0.49% per year.
DPAY.L tracks Solactive Digital Payments Index NTR, while ECOG.L tracks MSCI World/Information Tech NR USD.
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