AAPI.L vs. TSLI.L
AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) and TSLI.L (IncomeShares Tesla TSLA Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, AAPI.L returned 19.57% vs 53.53% for TSLI.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
AAPI.L vs. TSLI.L - Performance Comparison
Loading charts...
Different Trading Currencies
AAPI.L is traded in GBp, while TSLI.L is traded in USD. To make them comparable, the TSLI.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 TSLI.L's -9.35% return.
AAPI.L
- 1D
- -0.34%
- 1M
- 9.04%
- YTD
- 4.07%
- 6M
- 1.51%
- 1Y
- 19.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLI.L
- 1D
- -3.59%
- 1M
- 1.63%
- YTD
- -9.35%
- 6M
- -9.16%
- 1Y
- 53.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPI.L vs. TSLI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 4.07% | -12.96% | 20.45% |
TSLI.L IncomeShares Tesla TSLA Options ETP | -9.35% | 30.51% | 23.80% |
Correlation
The correlation between AAPI.L and TSLI.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 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
AAPI.L vs. TSLI.L — Risk / Return Rank
AAPI.L
TSLI.L
AAPI.L vs. TSLI.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 Tesla TSLA Options ETP (TSLI.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 | TSLI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.95 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.87 | -2.51 |
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
| AAPI.L | TSLI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.29 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.65 | -0.42 |
Drawdowns
AAPI.L vs. TSLI.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, smaller than the maximum TSLI.L drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for AAPI.L and TSLI.L.
Loading charts...
Drawdown Indicators
| AAPI.L | TSLI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -43.88% | +12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -24.61% | +5.71% |
Current DrawdownCurrent decline from peak | -10.13% | -15.08% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -13.75% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 9.87% | -1.58% |
Volatility
AAPI.L vs. TSLI.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) is 4.51%, while IncomeShares Tesla TSLA Options ETP (TSLI.L) has a volatility of 12.14%. This indicates that AAPI.L experiences smaller price fluctuations and is considered to be less risky than TSLI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPI.L | TSLI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 12.14% | -7.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 25.24% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 37.48% | -17.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 43.01% | -19.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 43.01% | -19.22% |
AAPI.L vs. TSLI.L - Expense Ratio Comparison
Both AAPI.L and TSLI.L have an expense ratio of 0.55%.
Dividends
AAPI.L vs. TSLI.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.05%, less than TSLI.L's 74.25% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.05% | 11.04% | 1.04% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 74.25% | 73.68% | 19.21% |
Frequently Asked Questions
AAPI.L and TSLI.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AAPI.L and TSLI.L have the same expense ratio: 0.55% per year.
Find the right allocation for AAPI.L and TSLI.L
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