5SPY.L vs. SPYY.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) are both exchange-traded funds - 5SPY.L is a Leveraged Equities fund actively managed by Leverage Shares, while SPYY.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 5SPY.L returned 119.12% vs 10.70% for SPYY.L. A 0.76 correlation means they provide meaningful diversification when combined. 5SPY.L charges 0.75%/yr vs 0.45%/yr for SPYY.L.
Performance
5SPY.L vs. SPYY.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 SPYY.L's -3.36% return.
5SPY.L
- 1D
- 0.00%
- 1M
- 22.23%
- YTD
- 35.46%
- 6M
- 35.04%
- 1Y
- 119.12%
- 3Y*
- 55.62%
- 5Y*
- —
- 10Y*
- —
SPYY.L
- 1D
- -0.10%
- 1M
- 2.88%
- YTD
- -3.36%
- 6M
- -2.52%
- 1Y
- 10.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
5SPY.L vs. SPYY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 35.46% | 1.52% | 22.67% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -3.36% | 16.00% | -4.69% |
Correlation
The correlation between 5SPY.L and SPYY.L is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.76 |
The correlation between 5SPY.L and SPYY.L has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
5SPY.L vs. SPYY.L — Risk / Return Rank
5SPY.L
SPYY.L
5SPY.L vs. SPYY.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 S&P500 Options (0DTE) ETP (SPYY.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 | SPYY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 0.71 | +2.06 |
| Martin ratioReturn relative to average drawdown | 9.39 | 2.23 | +7.16 |
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 | SPYY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 0.83 | +1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.26 | -0.21 |
Drawdowns
5SPY.L vs. SPYY.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, which is greater than SPYY.L's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and SPYY.L.
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Drawdown Indicators
| 5SPY.L | SPYY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -17.71% | -65.15% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -14.91% | -27.85% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | -4.42% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -50.64% | -4.76% | -45.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 4.79% | +7.85% |
Volatility
5SPY.L vs. SPYY.L - Volatility Comparison
Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) has a higher volatility of 15.12% compared to IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) at 2.78%. This indicates that 5SPY.L's price experiences larger fluctuations and is considered to be riskier than SPYY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5SPY.L | SPYY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.12% | 2.78% | +12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 40.00% | 9.59% | +30.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.20% | 12.77% | +42.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.23% | 14.47% | +63.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.23% | 14.47% | +63.76% |
5SPY.L vs. SPYY.L - Expense Ratio Comparison
5SPY.L has a 0.75% expense ratio, which is higher than SPYY.L's 0.45% expense ratio.
Dividends
5SPY.L vs. SPYY.L - Dividend Comparison
5SPY.L has not paid dividends to shareholders, while SPYY.L's dividend yield for the trailing twelve months is around 34.35%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 0.00% | 0.00% | 0.00% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 34.35% | 82.07% | 2.84% |
Frequently Asked Questions
5SPY.L and SPYY.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 5SPY.L.
5SPY.L is categorized as Leveraged Equities, while SPYY.L is Derivative Income. Their fees differ too: 0.75% for 5SPY.L and 0.45% for SPYY.L.
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