USPY.L vs. IDTW.L
USPY.L (L&G Cyber Security UCITS ETF) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both Technology Equities funds - USPY.L tracks the L&G Cyber Security UCITS ETF while IDTW.L tracks the iShares MSCI Taiwan UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, USPY.L returned 17.27%/yr vs 20.33%/yr for IDTW.L. At a 0.49 correlation, their price movements are largely independent. USPY.L charges 0.69%/yr vs 0.74%/yr for IDTW.L.
Performance
USPY.L vs. IDTW.L - Performance Comparison
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Returns By Period
In the year-to-date period, USPY.L achieves a 47.19% return, which is significantly lower than IDTW.L's 57.81% return. Over the past 10 years, USPY.L has underperformed IDTW.L with an annualized return of 17.27%, while IDTW.L has yielded a comparatively higher 20.33% annualized return.
USPY.L
- 1D
- -0.15%
- 1M
- 11.40%
- 6M
- 50.30%
- YTD
- 47.19%
- 1Y
- 45.45%
- 3Y*
- 29.54%
- 5Y*
- 12.61%
- 10Y*
- 17.27%
IDTW.L
- 1D
- -1.85%
- 1M
- -6.53%
- 6M
- 50.70%
- YTD
- 57.81%
- 1Y
- 84.29%
- 3Y*
- 39.37%
- 5Y*
- 19.77%
- 10Y*
- 20.33%
USPY.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USPY.L L&G Cyber Security UCITS ETF | 47.19% | 7.58% | 17.82% | 42.25% | -32.63% | 7.68% | 42.21% | 29.64% | 8.27% | 24.08% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 57.81% | 31.78% | 23.61% | 28.84% | -29.55% | 28.51% | 34.35% | 34.44% | -9.12% | 28.06% |
Correlation
The correlation between USPY.L and IDTW.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.49 |
The correlation between USPY.L and IDTW.L shifts across timeframes, from 0.34 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USPY.L vs. IDTW.L — Risk / Return Rank
USPY.L
IDTW.L
USPY.L vs. IDTW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Cyber Security UCITS ETF (USPY.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L). 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.L | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.48 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 7.24 | -4.68 |
| Martin ratioReturn relative to average drawdown | 6.67 | 19.11 | -12.44 |
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Drawdowns
USPY.L vs. IDTW.L - Drawdown Comparison
The maximum USPY.L drawdown since its inception was -39.35%, smaller than the maximum IDTW.L drawdown of -60.07%. Use the drawdown chart below to compare losses from any high point for USPY.L and IDTW.L.
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Drawdown Indicators
| USPY.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -60.07% | +20.72% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -11.44% | -6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -27.03% | -28.24% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | -40.98% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -39.35% | -40.98% | +1.63% |
Current DrawdownCurrent decline from peak | -2.42% | -11.06% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -12.59% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 4.34% | +2.64% |
Volatility
USPY.L vs. IDTW.L - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.L) and iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) have volatilities of 11.34% and 11.69%, 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.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 11.69% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 25.24% | 24.41% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.22% | 27.97% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 23.91% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 22.38% | +1.18% |
USPY.L vs. IDTW.L - Expense Ratio Comparison
USPY.L has a 0.69% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
USPY.L vs. IDTW.L - Dividend Comparison
USPY.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.96% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
USPY.L 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.L and IDTW.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USPY.L is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPY.L is cheaper with a 0.69% expense ratio, compared with 0.74% for IDTW.L.
USPY.L tracks L&G Cyber Security UCITS ETF, while IDTW.L tracks iShares MSCI Taiwan UCITS ETF USD (Dist). They also come from different issuers: L&G and iShares. Their fees differ too: 0.69% for USPY.L and 0.74% for IDTW.L.
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