5SPY.L vs. MSTI.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and MSTI.L (IncomeShares Microstrategy (MSTR) Options ETP) are both exchange-traded funds - 5SPY.L is a Leveraged Equities fund actively managed by Leverage Shares, while MSTI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. 5SPY.L charges 0.75%/yr vs 0.55%/yr for MSTI.L.
Performance
5SPY.L vs. MSTI.L - Performance Comparison
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Returns By Period
In the year-to-date period, 5SPY.L achieves a 35.46% return, which is significantly higher than MSTI.L's -55.10% return.
5SPY.L
- 1D
- 0.00%
- 1M
- 22.23%
- YTD
- 35.46%
- 6M
- 35.04%
- 1Y
- 119.12%
- 3Y*
- 55.62%
- 5Y*
- —
- 10Y*
- —
MSTI.L
- 1D
- -3.56%
- 1M
- -36.16%
- YTD
- -55.10%
- 6M
- -60.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
5SPY.L vs. MSTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 35.46% | 41.92% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | -55.10% | -61.38% |
Correlation
The correlation between 5SPY.L and MSTI.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.33 |
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Return for Risk
5SPY.L vs. MSTI.L — Risk / Return Rank
5SPY.L
MSTI.L
5SPY.L vs. MSTI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and IncomeShares Microstrategy (MSTR) Options ETP (MSTI.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.
| 5SPY.L | MSTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | — | — |
| Martin ratioReturn relative to average drawdown | 9.39 | — | — |
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
| 5SPY.L | MSTI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -1.36 | +1.41 |
Drawdowns
5SPY.L vs. MSTI.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, roughly equal to the maximum MSTI.L drawdown of -85.28%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and MSTI.L.
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Drawdown Indicators
| 5SPY.L | MSTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -85.28% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | -85.28% | +82.55% |
Average DrawdownAverage peak-to-trough decline | -50.64% | -52.74% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | — | — |
Volatility
5SPY.L vs. MSTI.L - Volatility Comparison
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Volatility by Period
| 5SPY.L | MSTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 62.48% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.23% | 62.48% | +15.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.23% | 62.48% | +15.75% |
5SPY.L vs. MSTI.L - Expense Ratio Comparison
5SPY.L has a 0.75% expense ratio, which is higher than MSTI.L's 0.55% expense ratio.
Dividends
5SPY.L vs. MSTI.L - Dividend Comparison
5SPY.L has not paid dividends to shareholders, while MSTI.L's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 |
|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 0.00% | 0.00% |
MSTI.L IncomeShares Microstrategy (MSTR) Options ETP | 1.50% | 0.16% |
Frequently Asked Questions
5SPY.L and MSTI.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 5SPY.L.
5SPY.L is categorized as Leveraged Equities, while MSTI.L is Derivative Income. Their fees differ too: 0.75% for 5SPY.L and 0.55% for MSTI.L.
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