AAPY.L vs. NVDI.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and NVDI.L (IncomeShares NVIDIA NVDA Options ETP) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while NVDI.L is a Options Trading fund actively managed by Leverage Shares. Both are actively managed. Over the past year, AAPY.L returned 17.30% vs 19.03% for NVDI.L. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
AAPY.L vs. NVDI.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than NVDI.L's -0.43% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDI.L
- 1D
- 0.00%
- 1M
- 3.53%
- YTD
- -0.43%
- 6M
- 2.01%
- 1Y
- 19.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. NVDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.62% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.43% | 16.65% | 9.58% |
Correlation
The correlation between AAPY.L and NVDI.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.27 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPY.L vs. NVDI.L — Risk / Return Rank
AAPY.L
NVDI.L
AAPY.L vs. NVDI.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 NVIDIA NVDA Options ETP (NVDI.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 | NVDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.92 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.36 | 2.00 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AAPY.L | NVDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.62 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.11 | +0.10 |
Drawdowns
AAPY.L vs. NVDI.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, roughly equal to the maximum NVDI.L drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for AAPY.L and NVDI.L.
Loading charts...
Drawdown Indicators
| AAPY.L | NVDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -31.39% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -21.59% | +2.73% |
Current DrawdownCurrent decline from peak | -4.43% | -9.62% | +5.19% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -10.27% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 9.98% | -2.56% |
Volatility
AAPY.L vs. NVDI.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.L) is 4.71%, while IncomeShares NVIDIA NVDA Options ETP (NVDI.L) has a volatility of 10.09%. This indicates that AAPY.L experiences smaller price fluctuations and is considered to be less risky than NVDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPY.L | NVDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 10.09% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 20.28% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 32.34% | -12.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 39.31% | -14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 39.31% | -14.97% |
AAPY.L vs. NVDI.L - Expense Ratio Comparison
Both AAPY.L and NVDI.L have an expense ratio of 0.55%.
Dividends
AAPY.L vs. NVDI.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, less than NVDI.L's 20.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
Frequently Asked Questions
AAPY.L and NVDI.L have a correlation of 0.21, 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.L and NVDI.L have the same expense ratio: 0.55% per year.
AAPY.L is categorized as Derivative Income, while NVDI.L is Options Trading.
Find the right allocation for AAPY.L and NVDI.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer