AAPY.DE vs. SY7D.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and SY7D.DE (Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing) are both Derivative Income funds. AAPY.DE is actively managed, while SY7D.DE is passively managed. Over the past year, AAPY.DE returned 15.96% vs 9.16% for SY7D.DE. At a 0.18 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.45%/yr for SY7D.DE.
Performance
AAPY.DE vs. SY7D.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 higher than SY7D.DE's 1.17% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 9.66%
- YTD
- 4.64%
- 6M
- 1.71%
- 1Y
- 15.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SY7D.DE
- 1D
- 0.26%
- 1M
- 1.56%
- YTD
- 1.17%
- 6M
- 2.22%
- 1Y
- 9.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. SY7D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | 11.84% |
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 1.17% | 9.52% |
Correlation
The correlation between AAPY.DE and SY7D.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 9, 2025 | 0.18 |
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Return for Risk
AAPY.DE vs. SY7D.DE — Risk / Return Rank
AAPY.DE
SY7D.DE
AAPY.DE vs. SY7D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.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 | SY7D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.96 | -0.40 |
| Martin ratioReturn relative to average drawdown | 1.11 | 3.59 | -2.48 |
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 | SY7D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.80 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.90 | -0.93 |
Drawdowns
AAPY.DE vs. SY7D.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, which is greater than SY7D.DE's maximum drawdown of -9.48%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and SY7D.DE.
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Drawdown Indicators
| AAPY.DE | SY7D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -9.48% | -23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -9.48% | -18.99% |
Current DrawdownCurrent decline from peak | -13.75% | -1.71% | -12.04% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -1.61% | -16.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 2.54% | +11.77% |
Volatility
AAPY.DE vs. SY7D.DE - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.DE) has a higher volatility of 4.78% compared to Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing (SY7D.DE) at 2.81%. This indicates that AAPY.DE's price experiences larger fluctuations and is considered to be riskier than SY7D.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 | SY7D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 2.81% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 9.61% | +8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 11.37% | +20.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 11.06% | +21.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 11.06% | +21.19% |
AAPY.DE vs. SY7D.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is higher than SY7D.DE's 0.45% expense ratio.
Dividends
AAPY.DE vs. SY7D.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, more than SY7D.DE's 10.81% yield.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
SY7D.DE Global X Euro Stoxx 50 Covered Call UCITS ETF EUR Distributing | 10.81% | 6.10% |
Frequently Asked Questions
AAPY.DE and SY7D.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SY7D.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SY7D.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for AAPY.DE.
They also come from different issuers: Leverage Shares and Global X. Their fees differ too: 0.55% for AAPY.DE and 0.45% for SY7D.DE.
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