AAPY.DE vs. YMSF.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and YMSF.DE (IncomeShares Microsoft (MSFT) Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, AAPY.DE returned 16.32% vs -17.59% for YMSF.DE. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
AAPY.DE vs. YMSF.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 YMSF.DE's -19.55% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 8.49%
- YTD
- 4.64%
- 6M
- 2.11%
- 1Y
- 16.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMSF.DE
- 1D
- 0.00%
- 1M
- 2.20%
- YTD
- -19.55%
- 6M
- -18.60%
- 1Y
- -17.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. YMSF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP | -19.55% | -1.48% | 2.79% |
Correlation
The correlation between AAPY.DE and YMSF.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.33 |
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Return for Risk
AAPY.DE vs. YMSF.DE — Risk / Return Rank
AAPY.DE
YMSF.DE
AAPY.DE vs. YMSF.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 Microsoft (MSFT) Options ETP (YMSF.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 | YMSF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.42 | +0.98 |
| Martin ratioReturn relative to average drawdown | 1.11 | -0.72 | +1.83 |
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 | YMSF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.55 | +1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.42 | +0.40 |
Drawdowns
AAPY.DE vs. YMSF.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, smaller than the maximum YMSF.DE drawdown of -41.28%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and YMSF.DE.
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Drawdown Indicators
| AAPY.DE | YMSF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -41.28% | +8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -41.28% | +12.81% |
Current DrawdownCurrent decline from peak | -13.75% | -35.69% | +21.94% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -16.36% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 23.91% | -9.60% |
Volatility
AAPY.DE vs. YMSF.DE - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) is 4.78%, while IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) has a volatility of 9.40%. This indicates that AAPY.DE experiences smaller price fluctuations and is considered to be less risky than YMSF.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 | YMSF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 9.40% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 20.03% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 31.04% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 29.43% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 29.43% | +2.82% |
AAPY.DE vs. YMSF.DE - Expense Ratio Comparison
Both AAPY.DE and YMSF.DE have an expense ratio of 0.55%.
Dividends
AAPY.DE vs. YMSF.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, less than YMSF.DE's 13.39% yield.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP | 13.39% | 7.16% |
Frequently Asked Questions
AAPY.DE and YMSF.DE have a correlation of 0.26, 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.
AAPY.DE and YMSF.DE have the same expense ratio: 0.55% per year.
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