USPY.DE vs. DAVV.DE
USPY.DE (L&G Cyber Security UCITS ETF) and DAVV.DE (VanEck Crypto and Blockchain Innovators UCITS ETF) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while DAVV.DE tracks the MVIS Global Digital Assets Equity. Both are passively managed. Over the past 5 years, USPY.DE returned 10.64%/yr vs -1.30%/yr for DAVV.DE. At a 0.49 correlation, their price movements are largely independent. USPY.DE charges 0.69%/yr vs 0.65%/yr for DAVV.DE.
Performance
USPY.DE vs. DAVV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USPY.DE achieves a 31.89% return, which is significantly higher than DAVV.DE's 27.16% return.
USPY.DE
- 1D
- 1.42%
- 1M
- 11.41%
- YTD
- 31.89%
- 6M
- 28.78%
- 1Y
- 28.68%
- 3Y*
- 22.29%
- 5Y*
- 10.64%
- 10Y*
- 16.17%
DAVV.DE
- 1D
- -3.80%
- 1M
- -3.04%
- YTD
- 27.16%
- 6M
- 15.92%
- 1Y
- 47.52%
- 3Y*
- 52.28%
- 5Y*
- -1.30%
- 10Y*
- —
USPY.DE vs. DAVV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 31.89% | -3.39% | 24.34% | 37.45% | -28.70% | 14.91% |
DAVV.DE VanEck Crypto and Blockchain Innovators UCITS ETF | 27.16% | -0.68% | 37.42% | 337.08% | -85.83% | -25.89% |
Correlation
The correlation between USPY.DE and DAVV.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.49 |
The correlation between USPY.DE and DAVV.DE shifts across timeframes, from 0.35 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USPY.DE vs. DAVV.DE — Risk / Return Rank
USPY.DE
DAVV.DE
USPY.DE vs. DAVV.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 VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.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.
| USPY.DE | DAVV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.03 | +0.37 |
| Martin ratioReturn relative to average drawdown | 3.76 | 1.90 | +1.86 |
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Drawdowns
USPY.DE vs. DAVV.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -36.25%, smaller than the maximum DAVV.DE drawdown of -91.53%. Use the drawdown chart below to compare losses from any high point for USPY.DE and DAVV.DE.
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Drawdown Indicators
| USPY.DE | DAVV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -91.53% | +55.28% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -45.68% | +26.07% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -60.00% | +29.48% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -91.53% | +57.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -7.76% | -34.58% | +26.82% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -57.77% | +46.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 24.79% | -17.47% |
Volatility
USPY.DE vs. DAVV.DE - Volatility Comparison
The current volatility for L&G Cyber Security UCITS ETF (USPY.DE) is 11.60%, while VanEck Crypto and Blockchain Innovators UCITS ETF (DAVV.DE) has a volatility of 14.56%. This indicates that USPY.DE experiences smaller price fluctuations and is considered to be less risky than DAVV.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 | DAVV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 14.56% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 40.57% | -16.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 58.12% | -30.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.76% | 70.78% | -46.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.61% | 70.56% | -46.95% |
USPY.DE vs. DAVV.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than DAVV.DE's 0.65% expense ratio.
Dividends
USPY.DE vs. DAVV.DE - Dividend Comparison
Neither USPY.DE nor DAVV.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and DAVV.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DAVV.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DAVV.DE is cheaper with a 0.65% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while DAVV.DE tracks MVIS Global Digital Assets Equity. They also come from different issuers: Legal & General and VanEck. Their fees differ too: 0.69% for USPY.DE and 0.65% for DAVV.DE.
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