AAPY.L vs. MAG7.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while MAG7.L is a Leveraged Equities fund tracking the Solactive Magnificent 7 Index. AAPY.L is actively managed, while MAG7.L is passively managed. Over the past year, AAPY.L returned 17.30% vs 119.83% for MAG7.L. At a 0.40 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.75%/yr for MAG7.L.
Performance
AAPY.L vs. MAG7.L - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than MAG7.L's -0.37% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAG7.L
- 1D
- 5.22%
- 1M
- 6.24%
- YTD
- -0.37%
- 6M
- -3.22%
- 1Y
- 119.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. MAG7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.62% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | -0.37% | -28.43% | 86.51% |
Correlation
The correlation between AAPY.L and MAG7.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.40 |
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Return for Risk
AAPY.L vs. MAG7.L — Risk / Return Rank
AAPY.L
MAG7.L
AAPY.L vs. MAG7.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.L) and Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.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.
| AAPY.L | MAG7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.75 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.33 | -1.97 |
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.L | MAG7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.28 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.24 | -0.04 |
Drawdowns
AAPY.L vs. MAG7.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, smaller than the maximum MAG7.L drawdown of -91.14%. Use the drawdown chart below to compare losses from any high point for AAPY.L and MAG7.L.
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Drawdown Indicators
| AAPY.L | MAG7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -91.14% | +60.89% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -71.56% | +52.70% |
Current DrawdownCurrent decline from peak | -4.43% | -45.38% | +40.95% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -47.28% | +36.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 28.97% | -21.55% |
Volatility
AAPY.L vs. MAG7.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.L) is 4.71%, while Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) has a volatility of 27.50%. This indicates that AAPY.L experiences smaller price fluctuations and is considered to be less risky than MAG7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.L | MAG7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 27.50% | -22.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 71.68% | -57.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 97.62% | -77.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 124.75% | -100.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 124.75% | -100.41% |
AAPY.L vs. MAG7.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is lower than MAG7.L's 0.75% expense ratio.
Dividends
AAPY.L vs. MAG7.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, while MAG7.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPY.L and MAG7.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAPY.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAPY.L is cheaper with a 0.55% expense ratio, compared with 0.75% for MAG7.L.
AAPY.L is categorized as Derivative Income, while MAG7.L is Leveraged Equities. Their fees differ too: 0.55% for AAPY.L and 0.75% for MAG7.L.
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