USPY.DE vs. ZPDT.DE
USPY.DE (L&G Cyber Security UCITS ETF) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - USPY.DE tracks the ISE Cyber Security UCITS while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 10 years, USPY.DE returned 16.69%/yr vs 24.05%/yr for ZPDT.DE. A 0.72 correlation means they provide meaningful diversification when combined. USPY.DE charges 0.69%/yr vs 0.15%/yr for ZPDT.DE.
Performance
USPY.DE vs. ZPDT.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 ZPDT.DE's 24.09% return. Over the past 10 years, USPY.DE has underperformed ZPDT.DE with an annualized return of 16.69%, while ZPDT.DE has yielded a comparatively higher 24.05% annualized 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%
ZPDT.DE
- 1D
- -2.28%
- 1M
- 13.81%
- YTD
- 24.09%
- 6M
- 23.15%
- 1Y
- 49.52%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
USPY.DE vs. ZPDT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPY.DE L&G Cyber Security UCITS ETF | 39.75% | -3.37% | 24.35% | 37.43% | -28.72% | 17.01% | 28.64% | 34.39% | 12.71% | 8.90% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 29.30% | 52.02% | -25.52% | 47.48% | 30.46% | 53.58% | 1.75% | 17.29% |
Correlation
The correlation between USPY.DE and ZPDT.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2015 | 0.72 |
The correlation between USPY.DE and ZPDT.DE shifts across timeframes, from 0.56 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USPY.DE vs. ZPDT.DE — Risk / Return Rank
USPY.DE
ZPDT.DE
USPY.DE vs. ZPDT.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 S&P US Technology Select Sector UCITS ETF (ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.19 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.56 | 8.35 | -3.79 |
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 | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.43 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.99 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 1.12 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.03 | -0.40 |
Drawdowns
USPY.DE vs. ZPDT.DE - Drawdown Comparison
The maximum USPY.DE drawdown since its inception was -34.32%, which is greater than ZPDT.DE's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for USPY.DE and ZPDT.DE.
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Drawdown Indicators
| USPY.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -31.48% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -15.47% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -30.52% | -29.50% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -29.50% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -31.48% | -2.41% |
Current DrawdownCurrent decline from peak | -2.26% | -3.09% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -5.68% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 5.91% | +1.41% |
Volatility
USPY.DE vs. ZPDT.DE - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.DE) has a higher volatility of 10.03% compared to SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) at 7.06%. This indicates that USPY.DE's price experiences larger fluctuations and is considered to be riskier than ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 7.06% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 14.78% | +8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.36% | 20.30% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.60% | 22.33% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.91% | 21.38% | +1.53% |
USPY.DE vs. ZPDT.DE - Expense Ratio Comparison
USPY.DE has a 0.69% expense ratio, which is higher than ZPDT.DE's 0.15% expense ratio.
Dividends
USPY.DE vs. ZPDT.DE - Dividend Comparison
Neither USPY.DE nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
USPY.DE and ZPDT.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.69% for USPY.DE.
USPY.DE tracks ISE Cyber Security UCITS, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.69% for USPY.DE and 0.15% for ZPDT.DE.
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