SPYK.DE vs. USPY.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and USPY.DE (L&G Cyber Security UCITS ETF) are both Technology Equities funds - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while USPY.DE tracks the ISE Cyber Security UCITS. Both are passively managed. Over the past 10 years, SPYK.DE returned 15.07%/yr vs 16.90%/yr for USPY.DE. A 0.61 correlation means they provide meaningful diversification when combined. SPYK.DE charges 0.18%/yr vs 0.69%/yr for USPY.DE.
Performance
SPYK.DE vs. USPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 34.27% return, which is significantly lower than USPY.DE's 50.00% return. Over the past 10 years, SPYK.DE has underperformed USPY.DE with an annualized return of 15.07%, while USPY.DE has yielded a comparatively higher 16.90% annualized return.
SPYK.DE
- 1D
- -1.65%
- 1M
- -9.58%
- 6M
- 24.38%
- YTD
- 34.27%
- 1Y
- 43.28%
- 3Y*
- 19.27%
- 5Y*
- 11.39%
- 10Y*
- 15.07%
USPY.DE
- 1D
- -2.33%
- 1M
- 12.89%
- 6M
- 52.71%
- YTD
- 50.00%
- 1Y
- 47.44%
- 3Y*
- 29.09%
- 5Y*
- 13.29%
- 10Y*
- 16.90%
SPYK.DE vs. USPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 34.27% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
USPY.DE L&G Cyber Security UCITS ETF | 50.00% | -3.39% | 24.34% | 37.45% | -28.70% | 17.00% | 28.61% | 34.41% | 12.65% | 8.93% |
Correlation
The correlation between SPYK.DE and USPY.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.61 |
Over the past year, the correlation between SPYK.DE and USPY.DE has dropped to 0.39 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
SPYK.DE vs. USPY.DE — Risk / Return Rank
SPYK.DE
USPY.DE
SPYK.DE vs. USPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
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.
| SPYK.DE | USPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.41 | +1.35 |
| Martin ratioReturn relative to average drawdown | 9.13 | 6.39 | +2.74 |
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Drawdowns
SPYK.DE vs. USPY.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, which is greater than USPY.DE's maximum drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and USPY.DE.
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Drawdown Indicators
| SPYK.DE | USPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -36.25% | -2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -19.61% | +8.13% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -30.52% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -33.89% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -33.89% | -4.56% |
Current DrawdownCurrent decline from peak | -10.62% | -2.33% | -8.29% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -10.87% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 7.40% | -2.67% |
Volatility
SPYK.DE vs. USPY.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and L&G Cyber Security UCITS ETF (USPY.DE) have volatilities of 10.31% and 10.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYK.DE | USPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 10.41% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 22.72% | 25.30% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.01% | 28.56% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.29% | 25.15% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.28% | 23.75% | +0.53% |
SPYK.DE vs. USPY.DE - Expense Ratio Comparison
SPYK.DE has a 0.18% expense ratio, which is lower than USPY.DE's 0.69% expense ratio.
Dividends
SPYK.DE vs. USPY.DE - Dividend Comparison
Neither SPYK.DE nor USPY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYK.DE and USPY.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.69% for USPY.DE.
SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while USPY.DE tracks ISE Cyber Security UCITS. They also come from different issuers: State Street and Legal & General. Their fees differ too: 0.18% for SPYK.DE and 0.69% for USPY.DE.
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