BABI.L vs. SPYY.L

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Alibaba (BABA) Options ETP (BABI.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L).

BABI.L and SPYY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BABI.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025. SPYY.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024.

Performance

BABI.L vs. SPYY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Alibaba (BABA) Options ETP (BABI.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L). The values are adjusted to include any dividend payments, if applicable.

BABI.L vs. SPYY.L - Yearly Performance Comparison

	2026 (YTD)	2025
BABI.L IncomeShares Alibaba (BABA) Options ETP	-31.12%	0.62%
SPYY.L IncomeShares S&P500 Options (0DTE) ETP	-13.97%	11.74%

Returns By Period

In the year-to-date period, BABI.L achieves a -31.12% return, which is significantly lower than SPYY.L's -13.97% return.

BABI.L

• 1D: -5.89%
• 1M: -16.53%
• YTD: -31.12%
• 6M: -45.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYY.L

• 1D: -3.58%
• 1M: -6.79%
• YTD: -13.97%
• 6M: -10.44%
• 1Y: 1.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BABI.L vs. SPYY.L - Expense Ratio Comparison

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

BABI.L

IncomeShares Alibaba (BABA) Options ETP

SPYY.L

IncomeShares S&P500 Options (0DTE) ETP

Return for Risk

BABI.L vs. SPYY.L — Risk / Return Rank

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

SPYY.L

SPYY.L Risk / Return Rank: 14
SPYY.L Sharpe Ratio Rank: 14
SPYY.L Sortino Ratio Rank: 13
SPYY.L Omega Ratio Rank: 14
SPYY.L Calmar Ratio Rank: 13
SPYY.L Martin Ratio Rank: 14

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.

BABI.L vs. SPYY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Alibaba (BABA) Options ETP (BABI.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BABI.L	SPYY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.05	-0.21	-0.84

Correlation

The correlation between BABI.L and SPYY.L is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BABI.L vs. SPYY.L - Dividend Comparison

BABI.L's dividend yield for the trailing twelve months is around 0.39%, less than SPYY.L's 61.45% yield.

	TTM	2025	2024
BABI.L IncomeShares Alibaba (BABA) Options ETP	0.39%	0.09%	0.00%
SPYY.L IncomeShares S&P500 Options (0DTE) ETP	61.45%	82.07%	2.84%

Drawdowns

BABI.L vs. SPYY.L - Drawdown Comparison

The maximum BABI.L drawdown since its inception was -47.29%, which is greater than SPYY.L's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for BABI.L and SPYY.L.

Drawdown Indicators

	BABI.L	SPYY.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.29%	-17.71%	-29.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.91%	—
Current Drawdown Current decline from peak	-47.29%	-14.91%	-32.38%
Average Drawdown Average peak-to-trough decline	-15.07%	-4.46%	-10.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.57%	—

Volatility

Volatility by Period

	BABI.L	SPYY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.20%	15.02%	+21.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.20%	14.65%	+21.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.20%	14.65%	+21.55%