TNOW.L vs. LYPG.DE
TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) and LYPG.DE (Amundi MSCI World Information Technology UCITS ETF EUR Acc) are both Technology Equities funds from Amundi - TNOW.L tracks the MSCI World/Information Tech NR USD while LYPG.DE tracks the MSCI World Information Technology. Both are passively managed. Over the past 10 years, TNOW.L returned 24.02%/yr vs 24.02%/yr for LYPG.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
TNOW.L vs. LYPG.DE - Performance Comparison
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Different Trading Currencies
TNOW.L is traded in USD, while LYPG.DE is traded in EUR. To make them comparable, the LYPG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with TNOW.L having a 24.24% return and LYPG.DE slightly lower at 23.56%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: TNOW.L at 24.02% and LYPG.DE at 24.02%.
TNOW.L
- 1D
- -1.97%
- 1M
- 11.40%
- YTD
- 24.24%
- 6M
- 23.00%
- 1Y
- 49.66%
- 3Y*
- 32.35%
- 5Y*
- 21.03%
- 10Y*
- 24.02%
LYPG.DE
- 1D
- -1.96%
- 1M
- 13.81%
- YTD
- 23.56%
- 6M
- 23.34%
- 1Y
- 50.99%
- 3Y*
- 32.42%
- 5Y*
- 21.05%
- 10Y*
- 24.02%
TNOW.L vs. LYPG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) | 24.24% | 21.66% | 34.01% | 54.23% | -31.79% | 29.94% | 43.80% | 46.26% | -3.48% | 37.54% |
LYPG.DE Amundi MSCI World Information Technology UCITS ETF EUR Acc | 23.54% | 23.28% | 32.97% | 53.91% | -32.26% | 30.54% | 43.43% | 48.00% | -4.12% | 37.72% |
Correlation
The correlation between TNOW.L and LYPG.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2010 | 0.83 |
The correlation between TNOW.L and LYPG.DE shifts across timeframes, from 0.83 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TNOW.L vs. LYPG.DE — Risk / Return Rank
TNOW.L
LYPG.DE
TNOW.L vs. LYPG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Amundi MSCI World Information Technology UCITS ETF EUR Acc (LYPG.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.
| TNOW.L | LYPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.09 | -0.12 |
| Martin ratioReturn relative to average drawdown | 8.84 | 9.40 | -0.55 |
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
| TNOW.L | LYPG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.47 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.89 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 1.09 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.95 | +0.08 |
Drawdowns
TNOW.L vs. LYPG.DE - Drawdown Comparison
The maximum TNOW.L drawdown since its inception was -36.17%, roughly equal to the maximum LYPG.DE drawdown of -36.18%. Use the drawdown chart below to compare losses from any high point for TNOW.L and LYPG.DE.
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Drawdown Indicators
| TNOW.L | LYPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -36.18% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -16.40% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -26.15% | -25.87% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -36.18% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -36.17% | -36.18% | +0.01% |
Current DrawdownCurrent decline from peak | -2.56% | -2.85% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -5.70% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 5.41% | +0.33% |
Volatility
TNOW.L vs. LYPG.DE - Volatility Comparison
Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) has a higher volatility of 7.76% compared to Amundi MSCI World Information Technology UCITS ETF EUR Acc (LYPG.DE) at 7.24%. This indicates that TNOW.L's price experiences larger fluctuations and is considered to be riskier than LYPG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNOW.L | LYPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 7.24% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.81% | 15.51% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 20.56% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 23.42% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 21.88% | -0.13% |
TNOW.L vs. LYPG.DE - Expense Ratio Comparison
Both TNOW.L and LYPG.DE have an expense ratio of 0.30%.
Dividends
TNOW.L vs. LYPG.DE - Dividend Comparison
Neither TNOW.L nor LYPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, TNOW.L and LYPG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TNOW.L and LYPG.DE have the same expense ratio: 0.30% per year.
TNOW.L tracks MSCI World/Information Tech NR USD, while LYPG.DE tracks MSCI World Information Technology.
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