USPY.DE vs. AIAA.DE
USPY.DE (L&G Cyber Security UCITS ETF) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, USPY.DE returned 33.48% vs 6.16% for AIAA.DE. A 0.64 correlation means they provide meaningful diversification when combined. USPY.DE charges 0.69%/yr vs 0.35%/yr for AIAA.DE.
Performance
USPY.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USPY.DE achieves a 39.75% return, which is significantly higher than AIAA.DE's -1.50% return.
USPY.DE
- 1D
- -2.26%
- 1M
- 27.75%
- YTD
- 39.75%
- 6M
- 33.58%
- 1Y
- 33.48%
- 3Y*
- 25.52%
- 5Y*
- 12.91%
- 10Y*
- 16.69%
AIAA.DE
- 1D
- 1.37%
- 1M
- 5.90%
- YTD
- -1.50%
- 6M
- -0.98%
- 1Y
- 6.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USPY.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 0.16% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between USPY.DE and AIAA.DE is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.64 |
The correlation between USPY.DE and AIAA.DE shifts across timeframes, from 0.51 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USPY.DE vs. AIAA.DE — Risk / Return Rank
USPY.DE
AIAA.DE
USPY.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.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.
| USPY.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.46 | +1.24 |
| Martin ratioReturn relative to average drawdown | 4.56 | 1.20 | +3.36 |
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
| USPY.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.46 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.08 | +0.55 |
Drawdowns
USPY.DE vs. AIAA.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for USPY.DE and AIAA.DE.
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Drawdown Indicators
| USPY.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -24.42% | -9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -13.31% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -4.34% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -7.45% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 5.12% | +2.20% |
Volatility
USPY.DE vs. AIAA.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 10.03% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPY.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 3.63% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 10.08% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 13.43% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 17.46% | +7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 17.46% | +5.45% |
USPY.DE vs. AIAA.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than AIAA.DE's 0.35% expense ratio.
Dividends
USPY.DE vs. AIAA.DE - Dividend Comparison
Neither USPY.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and AIAA.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIAA.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIAA.DE is cheaper with a 0.35% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.69% for USPY.DE and 0.35% for AIAA.DE.
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