DPAY.L vs. KROG.L
DPAY.L (L&G Digital Payments UCITS ETF USD (Acc)) and KROG.L (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - DPAY.L tracks the Solactive Digital Payments Index NTR while KROG.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, DPAY.L returned 3.47%/yr vs -1.07%/yr for KROG.L. A 0.55 correlation means they provide meaningful diversification when combined. DPAY.L charges 0.49%/yr vs 0.50%/yr for KROG.L.
Performance
DPAY.L vs. KROG.L - Performance Comparison
Loading charts...
Different Trading Currencies
DPAY.L is traded in USD, while KROG.L is traded in GBP. To make them comparable, the KROG.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 KROG.L's 13.99% 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*
- —
KROG.L
- 1D
- 0.00%
- 1M
- 0.61%
- 6M
- 6.61%
- YTD
- 13.99%
- 1Y
- 9.67%
- 3Y*
- -1.07%
- 5Y*
- —
- 10Y*
- —
DPAY.L vs. KROG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DPAY.L L&G Digital Payments UCITS ETF USD (Acc) | 2.53% | -7.05% | 14.10% | 20.99% | -24.09% |
KROG.L Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 13.99% | 7.94% | -8.44% | -23.03% | -23.72% |
Correlation
The correlation between DPAY.L and KROG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.55 |
Over the past year, the correlation between DPAY.L and KROG.L has dropped to 0.35 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DPAY.L vs. KROG.L — Risk / Return Rank
DPAY.L
KROG.L
DPAY.L vs. KROG.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.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 | KROG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.11 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.90 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.38 | 1.86 | -2.24 |
Loading charts...
Drawdowns
DPAY.L vs. KROG.L - Drawdown Comparison
The maximum DPAY.L drawdown since its inception was -50.59%, roughly equal to the maximum KROG.L drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for DPAY.L and KROG.L.
Loading charts...
Drawdown Indicators
| DPAY.L | KROG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -53.14% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -27.54% | -10.76% | -16.78% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -29.25% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -50.27% | — | — |
Current DrawdownCurrent decline from peak | -28.35% | -38.17% | +9.82% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -36.99% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 5.20% | +10.03% |
Volatility
DPAY.L vs. KROG.L - Volatility Comparison
L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) has a higher volatility of 8.80% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L) at 3.96%. This indicates that DPAY.L's price experiences larger fluctuations and is considered to be riskier than KROG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DPAY.L | KROG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 3.96% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 13.03% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 16.42% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 21.10% | +5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 21.10% | +4.78% |
DPAY.L vs. KROG.L - Expense Ratio Comparison
DPAY.L has a 0.49% expense ratio, which is lower than KROG.L's 0.50% expense ratio.
Dividends
DPAY.L vs. KROG.L - Dividend Comparison
Neither DPAY.L nor KROG.L has paid dividends to shareholders.
Frequently Asked Questions
DPAY.L and KROG.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DPAY.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DPAY.L is cheaper with a 0.49% expense ratio, compared with 0.50% for KROG.L.
DPAY.L tracks Solactive Digital Payments Index NTR, while KROG.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for DPAY.L and 0.50% for KROG.L.
Find the right allocation for DPAY.L and KROG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer