USPY.L vs. KROP.L
USPY.L (L&G Cyber Security UCITS ETF) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - USPY.L tracks the L&G Cyber Security UCITS ETF while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, USPY.L returned 29.54%/yr vs -1.04%/yr for KROP.L. At a 0.46 correlation, their price movements are largely independent. USPY.L charges 0.69%/yr vs 0.50%/yr for KROP.L.
Performance
USPY.L vs. KROP.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 higher than KROP.L's 14.16% 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%
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
USPY.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USPY.L L&G Cyber Security UCITS ETF | 47.19% | 7.58% | 17.82% | 42.25% | -26.07% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between USPY.L and KROP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.46 |
Over the past year, the correlation between USPY.L and KROP.L has dropped to 0.20 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
USPY.L vs. KROP.L — Risk / Return Rank
USPY.L
KROP.L
USPY.L vs. KROP.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 Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.91 | +1.66 |
| Martin ratioReturn relative to average drawdown | 6.67 | 1.87 | +4.80 |
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Drawdowns
USPY.L vs. KROP.L - Drawdown Comparison
The maximum USPY.L drawdown since its inception was -39.35%, smaller than the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for USPY.L and KROP.L.
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Drawdown Indicators
| USPY.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.35% | -52.04% | +12.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -10.68% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.03% | -27.32% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.35% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -38.04% | +35.62% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -36.93% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 5.21% | +1.77% |
Volatility
USPY.L vs. KROP.L - Volatility Comparison
L&G Cyber Security UCITS ETF (USPY.L) has a higher volatility of 11.34% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that USPY.L's price experiences larger fluctuations and is considered to be riskier than KROP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPY.L | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 4.31% | +7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 25.24% | 12.96% | +12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.22% | 16.56% | +11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.09% | 21.25% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 21.25% | +2.31% |
USPY.L vs. KROP.L - Expense Ratio Comparison
USPY.L has a 0.69% expense ratio, which is higher than KROP.L's 0.50% expense ratio.
Dividends
USPY.L vs. KROP.L - Dividend Comparison
Neither USPY.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
USPY.L and KROP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROP.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROP.L is cheaper with a 0.50% expense ratio, compared with 0.69% for USPY.L.
USPY.L tracks L&G Cyber Security UCITS ETF, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: L&G and Global X. Their fees differ too: 0.69% for USPY.L and 0.50% for KROP.L.
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