AAPY.L vs. MAGD.L

Last updated Jun 5, 2026

AAPY.L (IncomeShares Apple (AAPL) Options ETP) and MAGD.L (IncomeShares Magnificent 7 Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.45%/yr for MAGD.L.

Performance

AAPY.L vs. MAGD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Apple (AAPL) Options ETP (AAPY.L) and IncomeShares Magnificent 7 Options ETP (MAGD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than MAGD.L's -16.98% return.

AAPY.L

• 1D: -1.00%
• 1M: 6.95%
• YTD: 3.14%
• 6M: 1.59%
• 1Y: 17.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGD.L

• 1D: 0.97%
• 1M: -1.50%
• YTD: -16.98%
• 6M: -17.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPY.L vs. MAGD.L - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY.L IncomeShares Apple (AAPL) Options ETP	3.14%	15.74%
MAGD.L IncomeShares Magnificent 7 Options ETP	-16.98%	10.94%

Correlation

The correlation between AAPY.L and MAGD.L is 0.33, 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 Jul 1, 2025	0.33

Return for Risk

AAPY.L vs. MAGD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPY.L

AAPY.L Risk / Return Rank: 23
AAPY.L Sharpe Ratio Rank: 25
AAPY.L Sortino Ratio Rank: 24
AAPY.L Omega Ratio Rank: 25
AAPY.L Calmar Ratio Rank: 22
AAPY.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPY.L vs. MAGD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.L) and IncomeShares Magnificent 7 Options ETP (MAGD.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	MAGD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.87	—	—
Sortino ratio: Return per unit of downside risk	1.28	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.93	—	—
Martin ratio: Return relative to average drawdown	2.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AAPY.L	MAGD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.41	+0.61

Drawdowns

AAPY.L vs. MAGD.L - Drawdown Comparison

The maximum AAPY.L drawdown since its inception was -30.25%, which is greater than MAGD.L's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for AAPY.L and MAGD.L.

Drawdown Indicators

	AAPY.L	MAGD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.25%	-27.28%	-2.97%
Max Drawdown (1Y) Largest decline over 1 year	-18.86%	—	—
Current Drawdown Current decline from peak	-4.43%	-23.55%	+19.12%
Average Drawdown Average peak-to-trough decline	-10.78%	-10.72%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.42%	—	—

Volatility

Volatility by Period

	AAPY.L	MAGD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	20.62%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.34%	20.62%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.34%	20.62%	+3.72%

AAPY.L vs. MAGD.L - Expense Ratio Comparison

AAPY.L has a 0.55% expense ratio, which is higher than MAGD.L's 0.45% expense ratio.

Dividends

AAPY.L vs. MAGD.L - Dividend Comparison

AAPY.L's dividend yield for the trailing twelve months is around 11.15%, more than MAGD.L's 0.39% yield.

Position	TTM	2025	2024
AAPY.L IncomeShares Apple (AAPL) Options ETP	11.15%	10.77%	1.08%
MAGD.L IncomeShares Magnificent 7 Options ETP	0.39%	0.07%	0.00%

Frequently Asked Questions

Can I hold both AAPY.L and MAGD.L in my portfolio?

AAPY.L and MAGD.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPY.L or MAGD.L?

On fees, MAGD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAPY.L or MAGD.L?

MAGD.L is cheaper with a 0.45% expense ratio, compared with 0.55% for AAPY.L.

What is the main difference between AAPY.L and MAGD.L?

Their fees differ too: 0.55% for AAPY.L and 0.45% for MAGD.L.