USPY.DE vs. KROP.DE
USPY.DE (L&G Cyber Security UCITS ETF) and KROP.DE (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while KROP.DE tracks the Solactive AgTech and Food Innovation. Both are passively managed. Over the past 3 years, USPY.DE returned 25.52%/yr vs -2.05%/yr for KROP.DE. At a 0.43 correlation, their price movements are largely independent. USPY.DE charges 0.69%/yr vs 0.50%/yr for KROP.DE.
Performance
USPY.DE vs. KROP.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 KROP.DE's 17.14% 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%
KROP.DE
- 1D
- 0.13%
- 1M
- 0.32%
- YTD
- 17.14%
- 6M
- 14.58%
- 1Y
- 9.63%
- 3Y*
- -2.05%
- 5Y*
- —
- 10Y*
- —
USPY.DE vs. KROP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 24.35% | 37.43% | -19.19% |
KROP.DE Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 17.14% | -4.87% | -2.79% | -25.11% | -19.26% |
Correlation
The correlation between USPY.DE and KROP.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.43 |
Over the past year, the correlation between USPY.DE and KROP.DE has dropped to 0.13 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
USPY.DE vs. KROP.DE — Risk / Return Rank
USPY.DE
KROP.DE
USPY.DE vs. KROP.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.04 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.56 | 2.21 | +2.35 |
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 | KROP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.62 | +0.64 |
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 | -0.47 | +1.11 |
Drawdowns
USPY.DE vs. KROP.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, smaller than the maximum KROP.DE drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for USPY.DE and KROP.DE.
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Drawdown Indicators
| USPY.DE | KROP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -52.74% | +18.42% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -9.22% | -10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -27.28% | -3.24% |
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% | -41.08% | +38.82% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -36.46% | +26.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 4.34% | +2.98% |
Volatility
USPY.DE vs. KROP.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 10.03% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROP.DE) at 5.58%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 5.58% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 12.02% | +10.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 15.43% | +10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 19.64% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 19.64% | +3.27% |
USPY.DE vs. KROP.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than KROP.DE's 0.50% expense ratio.
Dividends
USPY.DE vs. KROP.DE - Dividend Comparison
Neither USPY.DE nor KROP.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and KROP.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROP.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROP.DE is cheaper with a 0.50% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while KROP.DE tracks Solactive AgTech and Food Innovation. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.69% for USPY.DE and 0.50% for KROP.DE.
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