AAPY.L vs. QQQY.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and QQQY.L (IncomeShares Nasdaq 100 Options (0DTE) ETP) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while QQQY.L is a Nasdaq-100 fund actively managed by Leverage Shares. Both are actively managed. Over the past year, AAPY.L returned 17.30% vs 30.96% for QQQY.L. At a 0.29 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.45%/yr for QQQY.L.
Performance
AAPY.L vs. QQQY.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 lower than QQQY.L's 15.10% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY.L
- 1D
- -0.82%
- 1M
- 5.47%
- YTD
- 15.10%
- 6M
- 14.83%
- 1Y
- 30.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. QQQY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.62% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 15.10% | 14.25% | 4.37% |
Correlation
The correlation between AAPY.L and QQQY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.29 |
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Return for Risk
AAPY.L vs. QQQY.L — Risk / Return Rank
AAPY.L
QQQY.L
AAPY.L vs. QQQY.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 Nasdaq 100 Options (0DTE) ETP (QQQY.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 | QQQY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 4.32 | -3.39 |
| Martin ratioReturn relative to average drawdown | 2.36 | 13.40 | -11.04 |
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 | QQQY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.18 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.02 | -0.82 |
Drawdowns
AAPY.L vs. QQQY.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, which is greater than QQQY.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for AAPY.L and QQQY.L.
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Drawdown Indicators
| AAPY.L | QQQY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -19.23% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -7.34% | -11.52% |
Current DrawdownCurrent decline from peak | -4.43% | -0.93% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -3.18% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 2.37% | +5.05% |
Volatility
AAPY.L vs. QQQY.L - Volatility Comparison
IncomeShares Apple (AAPL) Options ETP (AAPY.L) and IncomeShares Nasdaq 100 Options (0DTE) ETP (QQQY.L) have volatilities of 4.71% and 4.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.L | QQQY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.78% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 10.22% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 14.52% | +5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 20.98% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 20.98% | +3.36% |
AAPY.L vs. QQQY.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is higher than QQQY.L's 0.45% expense ratio.
Dividends
AAPY.L vs. QQQY.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, less than QQQY.L's 67.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
QQQY.L IncomeShares Nasdaq 100 Options (0DTE) ETP | 67.73% | 120.60% | 18.65% |
Frequently Asked Questions
AAPY.L and QQQY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY.L is cheaper with a 0.45% expense ratio, compared with 0.55% for AAPY.L.
AAPY.L is categorized as Derivative Income, while QQQY.L is Nasdaq-100. Their fees differ too: 0.55% for AAPY.L and 0.45% for QQQY.L.
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