AAPI.L vs. GLDI.L
AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) and GLDI.L (IncomeShares Gold+ Yield ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, AAPI.L returned 19.57% vs 28.41% for GLDI.L. At a correlation of -0.04, they often move in opposite directions. AAPI.L charges 0.55%/yr vs 0.35%/yr for GLDI.L.
Performance
AAPI.L vs. GLDI.L - Performance Comparison
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Different Trading Currencies
AAPI.L is traded in GBp, while GLDI.L is traded in USD. To make them comparable, the GLDI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPI.L achieves a 4.07% return, which is significantly higher than GLDI.L's -0.43% return.
AAPI.L
- 1D
- -0.34%
- 1M
- 9.04%
- YTD
- 4.07%
- 6M
- 1.51%
- 1Y
- 19.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI.L
- 1D
- -0.24%
- 1M
- -2.53%
- YTD
- -0.43%
- 6M
- 0.40%
- 1Y
- 28.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPI.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 4.07% | -12.96% | 20.45% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.43% | 49.56% | 3.13% |
Correlation
The correlation between AAPI.L and GLDI.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | -0.04 |
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Return for Risk
AAPI.L vs. GLDI.L — Risk / Return Rank
AAPI.L
GLDI.L
AAPI.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and IncomeShares Gold+ Yield ETP (GLDI.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.
| AAPI.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.67 | -0.64 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.39 | -2.03 |
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
| AAPI.L | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.30 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.64 | -1.42 |
Drawdowns
AAPI.L vs. GLDI.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, which is greater than GLDI.L's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for AAPI.L and GLDI.L.
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Drawdown Indicators
| AAPI.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -16.64% | -14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -16.64% | -2.26% |
Current DrawdownCurrent decline from peak | -10.13% | -15.22% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -3.08% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 6.35% | +1.94% |
Volatility
AAPI.L vs. GLDI.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and IncomeShares Gold+ Yield ETP (GLDI.L) have volatilities of 4.51% and 4.57%, 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
| AAPI.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.57% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 18.19% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 21.50% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 18.28% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 18.28% | +5.51% |
AAPI.L vs. GLDI.L - Expense Ratio Comparison
AAPI.L has a 0.55% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
AAPI.L vs. GLDI.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.05%, less than GLDI.L's 12.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.05% | 11.04% | 1.04% |
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
Frequently Asked Questions
AAPI.L and GLDI.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AAPI.L.
Their fees differ too: 0.55% for AAPI.L and 0.35% for GLDI.L.
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