USPY.DE vs. IS4S.DE
USPY.DE (L&G Cyber Security UCITS ETF) and IS4S.DE (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while IS4S.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, USPY.DE returned 12.91%/yr vs 11.11%/yr for IS4S.DE. Their correlation of 0.90 suggests significant overlap in exposure. USPY.DE charges 0.69%/yr vs 0.40%/yr for IS4S.DE.
Performance
USPY.DE vs. IS4S.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 IS4S.DE's 19.89% 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%
IS4S.DE
- 1D
- -2.36%
- 1M
- 10.61%
- YTD
- 19.89%
- 6M
- 21.01%
- 1Y
- 22.61%
- 3Y*
- 18.46%
- 5Y*
- 11.11%
- 10Y*
- —
USPY.DE vs. IS4S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 24.35% | 37.43% | -28.72% | 17.01% | 28.64% | 34.39% | -10.21% |
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 19.89% | -0.10% | 22.79% | 29.73% | -25.07% | 27.43% | 15.19% | 32.59% | -7.78% |
Correlation
The correlation between USPY.DE and IS4S.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.90 |
The correlation between USPY.DE and IS4S.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
USPY.DE vs. IS4S.DE — Risk / Return Rank
USPY.DE
IS4S.DE
USPY.DE vs. IS4S.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 Digital Security UCITS ETF USD (Dist) (IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.85 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.56 | 4.56 | 0.00 |
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 | IS4S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.11 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.55 | -0.03 |
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 | 0.65 | -0.02 |
Drawdowns
USPY.DE vs. IS4S.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, which is greater than IS4S.DE's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for USPY.DE and IS4S.DE.
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Drawdown Indicators
| USPY.DE | IS4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -32.25% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -12.18% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -27.06% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -28.04% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -3.05% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -8.82% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 4.95% | +2.37% |
Volatility
USPY.DE vs. IS4S.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 10.03% compared to iShares Digital Security UCITS ETF USD (Dist) (IS4S.DE) at 7.92%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than IS4S.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 | IS4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 7.92% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 15.87% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 20.32% | +6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 19.85% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 20.17% | +2.74% |
USPY.DE vs. IS4S.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than IS4S.DE's 0.40% expense ratio.
Dividends
USPY.DE vs. IS4S.DE - Dividend Comparison
USPY.DE has not paid dividends to shareholders, while IS4S.DE's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IS4S.DE iShares Digital Security UCITS ETF USD (Dist) | 0.28% | 0.34% | 0.44% | 0.40% | 0.91% | 1.00% | 1.03% | 0.88% |
USPY.DE L&G Cyber Security UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USPY.DE and IS4S.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS4S.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS4S.DE is cheaper with a 0.40% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while IS4S.DE tracks STOXX® Global Digital Security. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.69% for USPY.DE and 0.40% for IS4S.DE.
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