USPY.DE vs. TDIV.AS
USPY.DE (L&G Cyber Security UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, USPY.DE returned 16.17%/yr vs 12.48%/yr for TDIV.AS. At a 0.43 correlation, their price movements are largely independent. USPY.DE charges 0.69%/yr vs 0.38%/yr for TDIV.AS.
Performance
USPY.DE vs. TDIV.AS - 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 TDIV.AS's 11.72% return. Over the past 10 years, USPY.DE has outperformed TDIV.AS with an annualized return of 16.17%, while TDIV.AS has yielded a comparatively lower 12.48% 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%
TDIV.AS
- 1D
- 0.36%
- 1M
- 1.77%
- YTD
- 11.72%
- 6M
- 13.92%
- 1Y
- 28.07%
- 3Y*
- 20.14%
- 5Y*
- 17.83%
- 10Y*
- 12.48%
USPY.DE vs. TDIV.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.72% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between USPY.DE and TDIV.AS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.43 |
Over the past year, the correlation between USPY.DE and TDIV.AS has dropped to 0.08 - 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. TDIV.AS — Risk / Return Rank
USPY.DE
TDIV.AS
USPY.DE vs. TDIV.AS - 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 Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.55 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 7.82 | -6.41 |
| Martin ratioReturn relative to average drawdown | 3.76 | 22.20 | -18.44 |
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Drawdowns
USPY.DE vs. TDIV.AS - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -36.25%, roughly equal to the maximum TDIV.AS drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for USPY.DE and TDIV.AS.
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Drawdown Indicators
| USPY.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.25% | -36.10% | -0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -3.51% | -16.10% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -15.88% | -14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -15.88% | -18.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -36.10% | +2.21% |
Current DrawdownCurrent decline from peak | -7.76% | -0.36% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -3.97% | -6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 1.22% | +6.10% |
Volatility
USPY.DE vs. TDIV.AS - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 11.60% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.29%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than TDIV.AS 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 | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 2.29% | +9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 6.74% | +17.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.13% | 9.12% | +18.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.76% | 13.12% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.61% | 14.70% | +8.91% |
USPY.DE vs. TDIV.AS - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than TDIV.AS's 0.38% expense ratio.
Dividends
USPY.DE vs. TDIV.AS - Dividend Comparison
USPY.DE has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
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% |
Frequently Asked Questions
USPY.DE and TDIV.AS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TDIV.AS is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.AS is cheaper with a 0.38% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE is categorized as Technology Equities, while TDIV.AS is Global Equity Income. USPY.DE tracks ISE Cyber Security UCITS, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Legal & General and VanEck. Their fees differ too: 0.69% for USPY.DE and 0.38% for TDIV.AS.
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