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USPY.DE vs. PNI.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USPY.DE vs. PNI.AX

Last updated Jun 13, 2026

USPY.DE (L&G Cyber Security UCITS ETF) is Technology Equities fund tracking the ISE Cyber Security UCITS, while PNI.AX (Pinnacle Investment Management Group Limited) is a stock. Over the past 10 years, USPY.DE returned 16.17%/yr vs 29.69%/yr for PNI.AX. At a 0.18 correlation, their price movements are largely independent.

Performance

USPY.DE vs. PNI.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Cyber Security UCITS ETF (USPY.DE) and Pinnacle Investment Management Group Limited (PNI.AX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

USPY.DE is traded in EUR, while PNI.AX is traded in AUD. To make them comparable, the PNI.AX 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 31.89% return, which is significantly higher than PNI.AX's -1.89% return. Over the past 10 years, USPY.DE has underperformed PNI.AX with an annualized return of 16.17%, while PNI.AX has yielded a comparatively higher 29.69% annualized 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%

PNI.AX

1D
1.56%
1M
-0.03%
YTD
-1.89%
6M
-0.08%
1Y
-13.79%
3Y*
20.82%
5Y*
9.46%
10Y*
29.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USPY.DE vs. PNI.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USPY.DE
L&G Cyber Security UCITS ETF		31.89%-3.39%24.34%37.45%-28.70%17.00%28.61%34.41%12.65%8.93%
PNI.AX
Pinnacle Investment Management Group Limited		-1.89%-26.64%126.16%16.42%-42.44%128.19%58.17%11.74%14.08%48.03%

Correlation

The correlation between USPY.DE and PNI.AX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2015

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G Cyber Security UCITS ETF

Pinnacle Investment Management Group Limited

Often compared with USPY.DE:
USPY.DE vs. LOCK.LUSPY.DE vs. CBRS.DEUSPY.DE vs. VWCG.DEUSPY.DE vs. AIAG.LUSPY.DE vs. CIBRUSPY.DE vs. D5BK.DEUSPY.DE vs. L0CK.DE
Often compared with PNI.AX:
PNI.AX vs. MQG.AXPNI.AX vs. VUL.AXPNI.AX vs. GDG.AXPNI.AX vs. BRK-BPNI.AX vs. SPYPNI.AX vs. KKRPNI.AX vs. III.L

Return for Risk

USPY.DE vs. PNI.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USPY.DE
USPY.DE Risk / Return Rank: 3232
Overall Rank
USPY.DE Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
USPY.DE Sortino Ratio Rank: 3030
Sortino Ratio Rank
USPY.DE Omega Ratio Rank: 3434
Omega Ratio Rank
USPY.DE Calmar Ratio Rank: 3232
Calmar Ratio Rank
USPY.DE Martin Ratio Rank: 3030
Martin Ratio Rank
PNI.AX
PNI.AX Risk / Return Rank: 2424
Overall Rank
PNI.AX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
PNI.AX Sortino Ratio Rank: 2020
Sortino Ratio Rank
PNI.AX Omega Ratio Rank: 2121
Omega Ratio Rank
PNI.AX Calmar Ratio Rank: 2727
Calmar Ratio Rank
PNI.AX Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USPY.DE vs. PNI.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.DE) and Pinnacle Investment Management Group Limited (PNI.AX). 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.DEPNI.AXDifference
Sharpe ratioReturn per unit of total volatility
1.01
-0.38

+1.39

Sortino ratioReturn per unit of downside risk
1.48
-0.29

+1.76

Omega ratioGain probability vs. loss probability

1.20

0.97

+0.24

Calmar ratioReturn relative to maximum drawdown

1.40

-0.37

+1.77

Martin ratioReturn relative to average drawdown

3.76

-0.60

+4.36

USPY.DE vs. PNI.AX - Sharpe Ratio Comparison

The current USPY.DE Sharpe Ratio is 1.01, which is higher than the PNI.AX Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of USPY.DE and PNI.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

USPY.DE vs. PNI.AX - Drawdown Comparison

The maximum USPY.DE drawdown since its inception was -36.25%, smaller than the maximum PNI.AX drawdown of -94.33%. Use the drawdown chart below to compare losses from any high point for USPY.DE and PNI.AX.

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Drawdown Indicators

USPY.DEPNI.AXDifference

Max Drawdown

Largest peak-to-trough decline

-36.25%

-94.33%

+58.08%

Max Drawdown (1Y)

Largest decline over 1 year

-19.61%

-44.67%

+25.06%

Max Drawdown (3Y)

Largest decline over 3 years

-30.52%

-49.39%

+18.87%

Max Drawdown (5Y)

Largest decline over 5 years

-33.89%

-63.52%

+29.63%

Max Drawdown (10Y)

Largest decline over 10 years

-33.89%

-72.58%

+38.69%

Current Drawdown

Current decline from peak

-7.76%

-37.50%

+29.74%

Average Drawdown

Average peak-to-trough decline

-10.93%

-48.13%

+37.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.32%

27.50%

-20.18%

Volatility

USPY.DE vs. PNI.AX - Volatility Comparison

L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 11.60% compared to Pinnacle Investment Management Group Limited (PNI.AX) at 8.67%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than PNI.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USPY.DEPNI.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.60%

8.67%

+2.93%

Volatility (6M)

Calculated over the trailing 6-month period

23.85%

33.13%

-9.28%

Volatility (1Y)

Calculated over the trailing 1-year period

27.13%

42.98%

-15.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.76%

42.91%

-18.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.61%

45.25%

-21.64%

Dividends

USPY.DE vs. PNI.AX - Dividend Comparison

USPY.DE has not paid dividends to shareholders, while PNI.AX's dividend yield for the trailing twelve months is around 1.72%.

PositionTTM20252024202320222021202020192018201720162015
PNI.AX
Pinnacle Investment Management Group Limited		1.72%3.50%1.84%3.57%4.01%1.84%2.17%3.30%2.64%1.50%3.42%3.56%
USPY.DE
L&G Cyber Security UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

USPY.DE and PNI.AX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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