AAPY.DE vs. QQQY.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and QQQY.DE (IncomeShares Nasdaq 100 Options(0DTE)ETP EUR) are both exchange-traded funds - AAPY.DE is a Derivative Income fund actively managed by Leverage Shares, while QQQY.DE is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past year, AAPY.DE returned 15.96% vs 29.74% for QQQY.DE. At a 0.31 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.45%/yr for QQQY.DE.
Performance
AAPY.DE vs. QQQY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.DE achieves a 4.64% return, which is significantly lower than QQQY.DE's 16.00% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 9.66%
- YTD
- 4.64%
- 6M
- 1.71%
- 1Y
- 15.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY.DE
- 1D
- -0.69%
- 1M
- 7.34%
- YTD
- 16.00%
- 6M
- 15.41%
- 1Y
- 29.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. QQQY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR | 16.00% | 2.36% | 2.18% |
Correlation
The correlation between AAPY.DE and QQQY.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.31 |
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Return for Risk
AAPY.DE vs. QQQY.DE — Risk / Return Rank
AAPY.DE
QQQY.DE
AAPY.DE vs. QQQY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.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.
| AAPY.DE | QQQY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.81 | -1.25 |
| Martin ratioReturn relative to average drawdown | 1.11 | 3.02 | -1.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPY.DE | QQQY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.16 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.48 | -0.51 |
Drawdowns
AAPY.DE vs. QQQY.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, which is greater than QQQY.DE's maximum drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and QQQY.DE.
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Drawdown Indicators
| AAPY.DE | QQQY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -25.57% | -7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -16.34% | -12.13% |
Current DrawdownCurrent decline from peak | -13.75% | -1.03% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -10.47% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 9.83% | +4.48% |
Volatility
AAPY.DE vs. QQQY.DE - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.DE) has a higher volatility of 4.78% compared to IncomeShares Nasdaq 100 Options(0DTE)ETP EUR (QQQY.DE) at 3.94%. This indicates that AAPY.DE's price experiences larger fluctuations and is considered to be riskier than QQQY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.DE | QQQY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 3.94% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 9.18% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 25.46% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 27.58% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 27.58% | +4.67% |
AAPY.DE vs. QQQY.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is higher than QQQY.DE's 0.45% expense ratio.
Dividends
AAPY.DE vs. QQQY.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, less than QQQY.DE's 67.30% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% | 0.00% |
QQQY.DE IncomeShares Nasdaq 100 Options(0DTE)ETP EUR | 67.30% | 128.10% | 4.14% |
Frequently Asked Questions
AAPY.DE and QQQY.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for AAPY.DE.
AAPY.DE is categorized as Derivative Income, while QQQY.DE is Nasdaq-100. Their fees differ too: 0.55% for AAPY.DE and 0.45% for QQQY.DE.
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