ENDH.DE vs. USPY.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and USPY.DE (L&G Cyber Security UCITS ETF) are both exchange-traded funds - ENDH.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS. Both are passively managed. Over the past 3 years, ENDH.DE returned 6.26%/yr vs 25.52%/yr for USPY.DE. At a 0.27 correlation, their price movements are largely independent. ENDH.DE charges 0.28%/yr vs 0.69%/yr for USPY.DE.
Performance
ENDH.DE vs. USPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.08% return, which is significantly lower than USPY.DE's 39.75% return.
ENDH.DE
- 1D
- 0.37%
- 1M
- -1.14%
- YTD
- -0.08%
- 6M
- 0.41%
- 1Y
- 3.85%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
USPY.DE
- 1D
- -2.26%
- 1M
- 27.75%
- YTD
- 39.75%
- 6M
- 33.58%
- 1Y
- 33.48%
- 3Y*
- 25.52%
- 5Y*
- 12.91%
- 10Y*
- 16.69%
ENDH.DE vs. USPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.08% | 7.89% | 6.59% | 5.41% | -2.17% |
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 24.35% | 37.43% | -12.98% |
Correlation
The correlation between ENDH.DE and USPY.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 12, 2022 | 0.27 |
The correlation between ENDH.DE and USPY.DE shifts across timeframes, from 0.16 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENDH.DE vs. USPY.DE — Risk / Return Rank
ENDH.DE
USPY.DE
ENDH.DE vs. USPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.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.
| ENDH.DE | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.70 | +0.03 |
| Martin ratioReturn relative to average drawdown | 6.28 | 4.56 | +1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENDH.DE | USPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.26 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.63 | +0.23 |
Drawdowns
ENDH.DE vs. USPY.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum USPY.DE drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and USPY.DE.
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Drawdown Indicators
| ENDH.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -34.32% | +27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -19.63% | +17.42% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -30.52% | +27.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -1.33% | -2.26% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -9.91% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 7.32% | -6.71% |
Volatility
ENDH.DE vs. USPY.DE - Volatility Comparison
The current volatility for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) is 2.69%, while L&G Cyber Security UCITS ETF (USPY.DE) has a volatility of 10.03%. This indicates that ENDH.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
| ENDH.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 10.03% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 22.89% | -19.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 26.36% | -22.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 24.60% | -19.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 22.91% | -18.02% |
ENDH.DE vs. USPY.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
ENDH.DE vs. USPY.DE - Dividend Comparison
Neither ENDH.DE nor USPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ENDH.DE and USPY.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.69% for USPY.DE.
ENDH.DE is categorized as Emerging Markets Bonds, while USPY.DE is Technology Equities. ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while USPY.DE tracks ISE Cyber Security UCITS. Their fees differ too: 0.28% for ENDH.DE and 0.69% for USPY.DE.
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