KROP.L vs. DPAY.L
KROP.L (Global X AgTech & Food Innovation UCITS ETF USD (Acc)) and DPAY.L (L&G Digital Payments UCITS ETF USD (Acc)) are both Technology Equities funds - KROP.L tracks the Solactive AgTech & Food Innovation v2 Index while DPAY.L tracks the Solactive Digital Payments Index NTR. Both are passively managed. Over the past 3 years, KROP.L returned -1.55%/yr vs 2.45%/yr for DPAY.L. A 0.57 correlation means they provide meaningful diversification when combined. KROP.L charges 0.50%/yr vs 0.49%/yr for DPAY.L.
Performance
KROP.L vs. DPAY.L - Performance Comparison
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Returns By Period
In the year-to-date period, KROP.L achieves a 14.38% return, which is significantly higher than DPAY.L's 0.66% return.
KROP.L
- 1D
- -0.10%
- 1M
- 0.91%
- 6M
- 5.92%
- YTD
- 14.38%
- 1Y
- 10.47%
- 3Y*
- -1.55%
- 5Y*
- —
- 10Y*
- —
DPAY.L
- 1D
- -1.94%
- 1M
- 7.68%
- 6M
- 3.70%
- YTD
- 0.66%
- 1Y
- -8.02%
- 3Y*
- 2.45%
- 5Y*
- -6.03%
- 10Y*
- —
KROP.L vs. DPAY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KROP.L Global X AgTech & Food Innovation UCITS ETF USD (Acc) | 14.38% | 7.62% | -8.33% | -22.51% | -24.21% |
DPAY.L L&G Digital Payments UCITS ETF USD (Acc) | 0.66% | -7.05% | 14.10% | 20.99% | -24.09% |
Correlation
The correlation between KROP.L and DPAY.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 KROP.L and DPAY.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
KROP.L vs. DPAY.L — Risk / Return Rank
KROP.L
DPAY.L
KROP.L vs. DPAY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) and L&G Digital Payments UCITS ETF USD (Acc) (DPAY.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.
| KROP.L | DPAY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.96 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.29 | +1.27 |
| Martin ratioReturn relative to average drawdown | 2.00 | -0.52 | +2.53 |
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Drawdowns
KROP.L vs. DPAY.L - Drawdown Comparison
The maximum KROP.L drawdown since its inception was -52.04%, roughly equal to the maximum DPAY.L drawdown of -50.59%. Use the drawdown chart below to compare losses from any high point for KROP.L and DPAY.L.
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Drawdown Indicators
| KROP.L | DPAY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.04% | -50.59% | -1.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -27.54% | +16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.32% | -27.54% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.27% | — |
Current DrawdownCurrent decline from peak | -37.92% | -29.65% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -36.93% | -31.88% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 15.26% | -10.04% |
Volatility
KROP.L vs. DPAY.L - Volatility Comparison
The current volatility for Global X AgTech & Food Innovation UCITS ETF USD (Acc) (KROP.L) is 4.12%, while L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) has a volatility of 8.88%. This indicates that KROP.L experiences smaller price fluctuations and is considered to be less risky than DPAY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KROP.L | DPAY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 8.88% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 19.59% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 23.72% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.23% | 26.18% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 25.87% | -4.64% |
KROP.L vs. DPAY.L - Expense Ratio Comparison
KROP.L has a 0.50% expense ratio, which is higher than DPAY.L's 0.49% expense ratio.
Dividends
KROP.L vs. DPAY.L - Dividend Comparison
Neither KROP.L nor DPAY.L has paid dividends to shareholders.
Frequently Asked Questions
KROP.L and DPAY.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.
KROP.L tracks Solactive AgTech & Food Innovation v2 Index, while DPAY.L tracks Solactive Digital Payments Index NTR. They also come from different issuers: Global X and Legal & General. Their fees differ too: 0.50% for KROP.L and 0.49% for DPAY.L.
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