DPAY.L vs. KROP.L
DPAY.L (L&G Digital Payments UCITS ETF USD (Acc)) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - DPAY.L tracks the Solactive Digital Payments Index NTR while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, DPAY.L returned 3.47%/yr vs -1.04%/yr for KROP.L. A 0.57 correlation means they provide meaningful diversification when combined. DPAY.L charges 0.49%/yr vs 0.50%/yr for KROP.L.
Performance
DPAY.L vs. KROP.L - Performance Comparison
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Returns By Period
In the year-to-date period, DPAY.L achieves a 2.53% return, which is significantly lower than KROP.L's 14.16% 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*
- —
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
DPAY.L vs. KROP.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% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between DPAY.L and KROP.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.57 |
Over the past year, the correlation between DPAY.L and KROP.L has dropped to 0.37 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
DPAY.L vs. KROP.L — Risk / Return Rank
DPAY.L
KROP.L
DPAY.L vs. KROP.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 & Food Innovation UCITS ETF USD Acc (KROP.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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.11 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.91 | -1.12 |
| Martin ratioReturn relative to average drawdown | -0.38 | 1.87 | -2.25 |
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Drawdowns
DPAY.L vs. KROP.L - Drawdown Comparison
The maximum DPAY.L drawdown since its inception was -50.59%, roughly equal to the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for DPAY.L and KROP.L.
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Drawdown Indicators
| DPAY.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -52.04% | +1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -27.54% | -10.68% | -16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -27.32% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -50.27% | — | — |
Current DrawdownCurrent decline from peak | -28.35% | -38.04% | +9.69% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -36.93% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 5.21% | +10.02% |
Volatility
DPAY.L vs. KROP.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 & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that DPAY.L's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 4.31% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 12.96% | +6.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 16.56% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 21.25% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 21.25% | +4.63% |
DPAY.L vs. KROP.L - Expense Ratio Comparison
DPAY.L has a 0.49% expense ratio, which is lower than KROP.L's 0.50% expense ratio.
Dividends
DPAY.L vs. KROP.L - Dividend Comparison
Neither DPAY.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
DPAY.L and KROP.L have a correlation of 0.37, 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 KROP.L.
DPAY.L tracks Solactive Digital Payments Index NTR, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for DPAY.L and 0.50% for KROP.L.
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