USPY.DE vs. VVSM.DE
USPY.DE (L&G Cyber Security UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - USPY.DE is a Technology Equities fund tracking the ISE Cyber Security UCITS, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, USPY.DE returned 12.91%/yr vs 38.05%/yr for VVSM.DE. A 0.58 correlation means they provide meaningful diversification when combined. USPY.DE charges 0.69%/yr vs 0.35%/yr for VVSM.DE.
Performance
USPY.DE vs. VVSM.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 lower than VVSM.DE's 86.02% 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%
VVSM.DE
- 1D
- -2.77%
- 1M
- 22.85%
- YTD
- 86.02%
- 6M
- 85.84%
- 1Y
- 166.04%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
USPY.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 24.35% | 37.43% | -28.72% | 17.01% | 9.75% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between USPY.DE and VVSM.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.58 |
Over the past year, the correlation between USPY.DE and VVSM.DE has dropped to 0.35 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
USPY.DE vs. VVSM.DE — Risk / Return Rank
USPY.DE
VVSM.DE
USPY.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.68 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 14.16 | -12.47 |
| Martin ratioReturn relative to average drawdown | 4.56 | 48.94 | -44.37 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 5.17 | -3.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.21 | -0.69 |
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 | 1.24 | -0.60 |
Drawdowns
USPY.DE vs. VVSM.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, smaller than the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for USPY.DE and VVSM.DE.
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Drawdown Indicators
| USPY.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -37.64% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -11.65% | -7.98% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -37.53% | +7.01% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -37.64% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.77% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -10.22% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 3.38% | +3.94% |
Volatility
USPY.DE vs. VVSM.DE - Volatility Comparison
The current volatility for L&G Cyber Security UCITS ETF (USPY.DE) is 10.03%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that USPY.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 12.04% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 24.35% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 31.92% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 31.15% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 30.81% | -7.90% |
USPY.DE vs. VVSM.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than VVSM.DE's 0.35% expense ratio.
Dividends
USPY.DE vs. VVSM.DE - Dividend Comparison
Neither USPY.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and VVSM.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. USPY.DE tracks ISE Cyber Security UCITS, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Legal & General and VanEck. Their fees differ too: 0.69% for USPY.DE and 0.35% for VVSM.DE.
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