AAPY.DE vs. UIQ4.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc) are both Derivative Income funds. AAPY.DE is actively managed, while UIQ4.DE is passively managed. At a 0.15 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.21%/yr for UIQ4.DE.
Performance
AAPY.DE vs. UIQ4.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 UIQ4.DE's 3.01% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 8.49%
- YTD
- 4.64%
- 6M
- 2.11%
- 1Y
- 16.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UIQ4.DE
- 1D
- 0.18%
- 1M
- 1.44%
- YTD
- 3.01%
- 6M
- 3.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. UIQ4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | 11.30% |
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc | 3.01% | 6.38% |
Correlation
The correlation between AAPY.DE and UIQ4.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.15 |
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Return for Risk
AAPY.DE vs. UIQ4.DE — Risk / Return Rank
AAPY.DE
UIQ4.DE
AAPY.DE vs. UIQ4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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 | UIQ4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | — | — |
| Martin ratioReturn relative to average drawdown | 1.11 | — | — |
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 | UIQ4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.27 | -1.29 |
Drawdowns
AAPY.DE vs. UIQ4.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and UIQ4.DE.
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Drawdown Indicators
| AAPY.DE | UIQ4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -3.90% | -29.37% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | — | — |
Current DrawdownCurrent decline from peak | -13.75% | -0.25% | -13.50% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -0.87% | -17.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | — | — |
Volatility
AAPY.DE vs. UIQ4.DE - Volatility Comparison
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Volatility by Period
| AAPY.DE | UIQ4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 7.67% | +24.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 7.67% | +24.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 7.67% | +24.58% |
AAPY.DE vs. UIQ4.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is higher than UIQ4.DE's 0.21% expense ratio.
Dividends
AAPY.DE vs. UIQ4.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, while UIQ4.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc | 0.00% | 0.00% |
Frequently Asked Questions
AAPY.DE and UIQ4.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIQ4.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIQ4.DE is cheaper with a 0.21% expense ratio, compared with 0.55% for AAPY.DE.
They also come from different issuers: Leverage Shares and UBS. Their fees differ too: 0.55% for AAPY.DE and 0.21% for UIQ4.DE.
Find the right allocation for AAPY.DE and UIQ4.DE
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