ES6Y.DE vs. AYEW.DE
ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - ES6Y.DE tracks the Solactive Emerging Cyber Security while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 3 years, ES6Y.DE returned 30.73%/yr vs 24.81%/yr for AYEW.DE. A 0.76 correlation means they provide meaningful diversification when combined. ES6Y.DE charges 0.49%/yr vs 0.18%/yr for AYEW.DE.
Performance
ES6Y.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ES6Y.DE achieves a 56.81% return, which is significantly higher than AYEW.DE's 18.08% return.
ES6Y.DE
- 1D
- 0.00%
- 1M
- 4.03%
- 6M
- 56.70%
- YTD
- 56.81%
- 1Y
- 49.87%
- 3Y*
- 30.73%
- 5Y*
- —
- 10Y*
- —
AYEW.DE
- 1D
- -1.83%
- 1M
- -3.51%
- 6M
- 16.95%
- YTD
- 18.08%
- 1Y
- 28.78%
- 3Y*
- 24.81%
- 5Y*
- 17.69%
- 10Y*
- —
ES6Y.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 56.81% | -9.21% | 34.05% | 51.62% | -18.62% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 18.08% | 9.71% | 33.71% | 55.81% | -11.51% |
Correlation
The correlation between ES6Y.DE and AYEW.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.76 |
The correlation between ES6Y.DE and AYEW.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
ES6Y.DE vs. AYEW.DE — Risk / Return Rank
ES6Y.DE
AYEW.DE
ES6Y.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| ES6Y.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.91 | +1.42 |
| Martin ratioReturn relative to average drawdown | 7.98 | 4.85 | +3.14 |
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Drawdowns
ES6Y.DE vs. AYEW.DE - Drawdown Comparison
The maximum ES6Y.DE drawdown since its inception was -34.72%, which is greater than AYEW.DE's maximum drawdown of -31.30%. Use the drawdown chart below to compare losses from any high point for ES6Y.DE and AYEW.DE.
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Drawdown Indicators
| ES6Y.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -31.30% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -14.98% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -34.72% | -28.96% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.17% | — |
Current DrawdownCurrent decline from peak | -5.59% | -7.22% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -7.68% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 5.92% | +0.34% |
Volatility
ES6Y.DE vs. AYEW.DE - Volatility Comparison
L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) has a higher volatility of 9.82% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 7.31%. This indicates that ES6Y.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ES6Y.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 7.31% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 23.91% | 16.50% | +7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.46% | 21.55% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 23.08% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.07% | 23.57% | +3.50% |
ES6Y.DE vs. AYEW.DE - Expense Ratio Comparison
ES6Y.DE has a 0.49% expense ratio, which is higher than AYEW.DE's 0.18% expense ratio.
Dividends
ES6Y.DE vs. AYEW.DE - Dividend Comparison
ES6Y.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.26%.
| 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% |
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ES6Y.DE and AYEW.DE have a correlation of 0.68, 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 0.49% for ES6Y.DE.
ES6Y.DE tracks Solactive Emerging Cyber Security, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for ES6Y.DE and 0.18% for AYEW.DE.
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