USPY.DE vs. SPYK.DE
USPY.DE (L&G Cyber Security UCITS ETF) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 10 years, USPY.DE returned 16.90%/yr vs 15.07%/yr for SPYK.DE. A 0.61 correlation means they provide meaningful diversification when combined. USPY.DE charges 0.69%/yr vs 0.18%/yr for SPYK.DE.
Performance
USPY.DE vs. SPYK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, USPY.DE achieves a 50.00% return, which is significantly higher than SPYK.DE's 34.27% return. Over the past 10 years, USPY.DE has outperformed SPYK.DE with an annualized return of 16.90%, while SPYK.DE has yielded a comparatively lower 15.07% annualized return.
USPY.DE
- 1D
- -2.33%
- 1M
- 12.89%
- 6M
- 52.71%
- YTD
- 50.00%
- 1Y
- 47.44%
- 3Y*
- 29.09%
- 5Y*
- 13.29%
- 10Y*
- 16.90%
SPYK.DE
- 1D
- -1.65%
- 1M
- -9.58%
- 6M
- 24.38%
- YTD
- 34.27%
- 1Y
- 43.28%
- 3Y*
- 19.27%
- 5Y*
- 11.39%
- 10Y*
- 15.07%
USPY.DE vs. SPYK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 50.00% | -3.39% | 24.34% | 37.45% | -28.70% | 17.00% | 28.61% | 34.41% | 12.65% | 8.93% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 34.27% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
Correlation
The correlation between USPY.DE and SPYK.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.61 |
Over the past year, the correlation between USPY.DE and SPYK.DE has dropped to 0.39 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
USPY.DE vs. SPYK.DE — Risk / Return Rank
USPY.DE
SPYK.DE
USPY.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 3.75 | -1.35 |
| Martin ratioReturn relative to average drawdown | 6.39 | 9.13 | -2.74 |
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Drawdowns
USPY.DE vs. SPYK.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -36.25%, smaller than the maximum SPYK.DE drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for USPY.DE and SPYK.DE.
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Drawdown Indicators
| USPY.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -38.45% | +2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -11.48% | -8.13% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -27.02% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -38.45% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -38.45% | +4.56% |
Current DrawdownCurrent decline from peak | -2.33% | -10.62% | +8.29% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -8.54% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 4.73% | +2.67% |
Volatility
USPY.DE vs. SPYK.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) and SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) have volatilities of 10.41% and 10.31%, 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 | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 10.31% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 25.30% | 22.72% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.56% | 28.01% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 26.29% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.75% | 24.28% | -0.53% |
USPY.DE vs. SPYK.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
USPY.DE vs. SPYK.DE - Dividend Comparison
Neither USPY.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and SPYK.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.69% for USPY.DE and 0.18% for SPYK.DE.
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