3JPN.DE vs. DSPY.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and DSPY.DE (IncomeShares S&P500 Options (0DTE) ETP EUR) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while DSPY.DE is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3JPN.DE returned 72.37% vs 8.47% for DSPY.DE. At a 0.27 correlation, their price movements are largely independent. 3JPN.DE charges 0.75%/yr vs 0.45%/yr for DSPY.DE.
Performance
3JPN.DE vs. DSPY.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3JPN.DE achieves a 37.51% return, which is significantly higher than DSPY.DE's -2.42% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
DSPY.DE
- 1D
- 0.02%
- 1M
- 3.47%
- YTD
- -2.42%
- 6M
- -2.83%
- 1Y
- 8.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3JPN.DE vs. DSPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 1.21% |
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | -2.42% | 2.89% | -0.22% |
Correlation
The correlation between 3JPN.DE and DSPY.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3JPN.DE vs. DSPY.DE — Risk / Return Rank
3JPN.DE
DSPY.DE
3JPN.DE vs. DSPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.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.
| 3JPN.DE | DSPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.36 | +1.60 |
| Martin ratioReturn relative to average drawdown | 5.61 | 0.69 | +4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3JPN.DE | DSPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.35 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.01 | +0.49 |
Drawdowns
3JPN.DE vs. DSPY.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than DSPY.DE's maximum drawdown of -24.16%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and DSPY.DE.
Loading charts...
Drawdown Indicators
| 3JPN.DE | DSPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -24.16% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -24.16% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -14.79% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -10.51% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 12.62% | -0.43% |
Volatility
3JPN.DE vs. DSPY.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) at 2.12%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than DSPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3JPN.DE | DSPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 2.12% | +9.56% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 9.28% | +39.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 24.89% | +35.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 23.01% | +29.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 23.01% | +29.76% |
3JPN.DE vs. DSPY.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than DSPY.DE's 0.45% expense ratio.
Dividends
3JPN.DE vs. DSPY.DE - Dividend Comparison
3JPN.DE has not paid dividends to shareholders, while DSPY.DE's dividend yield for the trailing twelve months is around 34.25%.
| Position | TTM | 2025 |
|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 0.00% | 0.00% |
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | 34.25% | 87.09% |
Frequently Asked Questions
3JPN.DE and DSPY.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DSPY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DSPY.DE is cheaper with a 0.45% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while DSPY.DE is Derivative Income. Their fees differ too: 0.75% for 3JPN.DE and 0.45% for DSPY.DE.
Find the right allocation for 3JPN.DE and DSPY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer