ISPY.L vs. WCBR

Last updated Jun 5, 2026

ISPY.L (L&G Cyber Security UCITS ETF) and WCBR (WisdomTree Cybersecurity Fund) are both exchange-traded funds - ISPY.L is a Cybersecurity fund tracking the ISE Cyber Security UCITS Index, while WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index. Both are passively managed. Over the past 5 years, ISPY.L returned 13.11%/yr vs 10.70%/yr for WCBR. A 0.66 correlation means they provide meaningful diversification when combined. ISPY.L charges 0.69%/yr vs 0.45%/yr for WCBR.

Performance

ISPY.L vs. WCBR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Cyber Security UCITS ETF (ISPY.L) and WisdomTree Cybersecurity Fund (WCBR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ISPY.L is traded in GBp, while WCBR is traded in USD. To make them comparable, the WCBR values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISPY.L achieves a 39.54% return, which is significantly higher than WCBR's 25.64% return.

ISPY.L

• 1D: -2.08%
• 1M: 28.40%
• YTD: 39.54%
• 6M: 32.62%
• 1Y: 37.31%
• 3Y*: 25.75%
• 5Y*: 13.11%
• 10Y*: 17.85%

WCBR

• 1D: -1.33%
• 1M: 26.59%
• YTD: 25.64%
• 6M: 17.95%
• 1Y: 12.81%
• 3Y*: 18.46%
• 5Y*: 10.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISPY.L vs. WCBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ISPY.L L&G Cyber Security UCITS ETF	39.54%	0.28%	19.68%	34.35%	-24.57%	4.56%
WCBR WisdomTree Cybersecurity Fund	25.64%	-8.46%	13.36%	58.30%	-35.06%	8.49%

Correlation

The correlation between ISPY.L and WCBR is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.66

The correlation between ISPY.L and WCBR has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

ISPY.L vs. WCBR - Sectors Allocation Comparison

Sectors	ISPY.L	WCBR
Technology	97.2%	100.0%
Communication Services	2.4%	-
Industrials	0.4%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ISPY.L vs. WCBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISPY.L

ISPY.L Risk / Return Rank: 40
ISPY.L Sharpe Ratio Rank: 43
ISPY.L Sortino Ratio Rank: 41
ISPY.L Omega Ratio Rank: 45
ISPY.L Calmar Ratio Rank: 38
ISPY.L Martin Ratio Rank: 32

WCBR

WCBR Risk / Return Rank: 15
WCBR Sharpe Ratio Rank: 15
WCBR Sortino Ratio Rank: 16
WCBR Omega Ratio Rank: 16
WCBR Calmar Ratio Rank: 14
WCBR Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISPY.L vs. WCBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (ISPY.L) and WisdomTree Cybersecurity Fund (WCBR). 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.

	ISPY.L	WCBR	Difference
Sharpe ratio: Return per unit of total volatility	1.46	0.40	+1.06
Sortino ratio: Return per unit of downside risk	2.04	0.75	+1.29
Omega ratio: Gain probability vs. loss probability	1.28	1.10	+0.19
Calmar ratio: Return relative to maximum drawdown	1.83	0.42	+1.41
Martin ratio: Return relative to average drawdown	4.68	0.95	+3.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISPY.L vs. WCBR - Sharpe Ratio Comparison

The current ISPY.L Sharpe Ratio is 1.46, which is higher than the WCBR Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of ISPY.L and WCBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISPY.L	WCBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.40	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.33	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.22	+0.51

Drawdowns

ISPY.L vs. WCBR - Drawdown Comparison

The maximum ISPY.L drawdown since its inception was -31.77%, smaller than the maximum WCBR drawdown of -46.31%. Use the drawdown chart below to compare losses from any high point for ISPY.L and WCBR.

Drawdown Indicators

	ISPY.L	WCBR	Difference
Max Drawdown Largest peak-to-trough decline	-31.77%	-46.31%	+14.54%
Max Drawdown (1Y) Largest decline over 1 year	-20.33%	-30.74%	+10.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.19%	-35.81%	+7.62%
Max Drawdown (5Y) Largest decline over 5 years	-31.77%	-46.31%	+14.54%
Max Drawdown (10Y) Largest decline over 10 years	-31.77%	—	—
Current Drawdown Current decline from peak	-2.08%	-5.56%	+3.48%
Average Drawdown Average peak-to-trough decline	-8.83%	-19.20%	+10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.96%	13.55%	-5.59%

Volatility

ISPY.L vs. WCBR - Volatility Comparison

The current volatility for L&G Cyber Security UCITS ETF (ISPY.L) is 10.14%, while WisdomTree Cybersecurity Fund (WCBR) has a volatility of 13.46%. This indicates that ISPY.L experiences smaller price fluctuations and is considered to be less risky than WCBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISPY.L	WCBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	13.46%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	27.32%	-5.14%
Volatility (1Y) Calculated over the trailing 1-year period	25.38%	32.06%	-6.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.91%	32.44%	-8.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	32.42%	-9.88%

ISPY.L vs. WCBR - Expense Ratio Comparison

ISPY.L has a 0.69% expense ratio, which is higher than WCBR's 0.45% expense ratio.

Dividends

ISPY.L vs. WCBR - Dividend Comparison

Neither ISPY.L nor WCBR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ISPY.L L&G Cyber Security UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%

Frequently Asked Questions

Can I hold both ISPY.L and WCBR in my portfolio?

ISPY.L and WCBR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISPY.L or WCBR?

On fees, WCBR is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISPY.L or WCBR?

WCBR is cheaper with a 0.45% expense ratio, compared with 0.69% for ISPY.L.

What is the main difference between ISPY.L and WCBR?

ISPY.L is categorized as Cybersecurity, while WCBR is Technology Equities. ISPY.L tracks ISE Cyber Security UCITS Index, while WCBR tracks WisdomTree Team8 Cybersecurity Index. They also come from different issuers: L&G and WisdomTree. Their fees differ too: 0.69% for ISPY.L and 0.45% for WCBR.