USPY.DE vs. CYSE.L
USPY.DE (L&G Cyber Security UCITS ETF) and CYSE.L (WisdomTree Cybersecurity UCITS ETF USD Acc) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while CYSE.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, USPY.DE returned 12.77%/yr vs 10.36%/yr for CYSE.L. Their correlation of 0.90 suggests significant overlap in exposure. USPY.DE charges 0.69%/yr vs 0.45%/yr for CYSE.L.
Performance
USPY.DE vs. CYSE.L - Performance Comparison
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Different Trading Currencies
USPY.DE is traded in EUR, while CYSE.L is traded in GBp. To make them comparable, the CYSE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, USPY.DE achieves a 46.57% return, which is significantly higher than CYSE.L's 42.69% return.
USPY.DE
- 1D
- -0.92%
- 1M
- 12.06%
- 6M
- 48.53%
- YTD
- 46.57%
- 1Y
- 42.22%
- 3Y*
- 27.32%
- 5Y*
- 12.77%
- 10Y*
- 16.55%
CYSE.L
- 1D
- -0.50%
- 1M
- 22.55%
- 6M
- 43.70%
- YTD
- 42.69%
- 1Y
- 27.25%
- 3Y*
- 23.99%
- 5Y*
- 10.36%
- 10Y*
- —
USPY.DE vs. CYSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 46.57% | -3.39% | 24.34% | 37.45% | -28.70% | 5.98% |
CYSE.L WisdomTree Cybersecurity UCITS ETF USD Acc | 42.69% | -13.49% | 18.83% | 63.89% | -39.67% | 17.18% |
Correlation
The correlation between USPY.DE and CYSE.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | 0.90 |
The correlation between USPY.DE and CYSE.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
USPY.DE vs. CYSE.L — Risk / Return Rank
USPY.DE
CYSE.L
USPY.DE vs. CYSE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.DE) and WisdomTree Cybersecurity UCITS ETF USD Acc (CYSE.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.
| USPY.DE | CYSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 0.87 | +1.27 |
| Martin ratioReturn relative to average drawdown | 5.68 | 1.97 | +3.71 |
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Drawdowns
USPY.DE vs. CYSE.L - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -36.25%, smaller than the maximum CYSE.L drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for USPY.DE and CYSE.L.
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Drawdown Indicators
| USPY.DE | CYSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -48.30% | +12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -31.06% | +11.45% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -38.68% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -48.30% | +14.41% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -2.45% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -19.52% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 13.79% | -6.38% |
Volatility
USPY.DE vs. CYSE.L - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) and WisdomTree Cybersecurity UCITS ETF USD Acc (CYSE.L) have volatilities of 10.53% and 10.98%, 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
| USPY.DE | CYSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 10.98% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 25.25% | 30.56% | -5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 34.38% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 32.36% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.75% | 32.09% | -8.34% |
USPY.DE vs. CYSE.L - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than CYSE.L's 0.45% expense ratio.
Dividends
USPY.DE vs. CYSE.L - Dividend Comparison
Neither USPY.DE nor CYSE.L has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and CYSE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYSE.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYSE.L is cheaper with a 0.45% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while CYSE.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: Legal & General and WisdomTree. Their fees differ too: 0.69% for USPY.DE and 0.45% for CYSE.L.
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