CEGI.L vs. SPYY.L

Last updated Apr 1, 2026

Compare and contrast key facts about REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L).

CEGI.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. CEGI.L is an actively managed fund by REX. It was launched on Jun 30, 2025. SPYY.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024.

Performance

CEGI.L vs. SPYY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
CEGI.L REX Crypto Equity Income & Growth UCITS ETF Distributing	-10.89%	18.20%
SPYY.L IncomeShares S&P500 Options (0DTE) ETP	-10.77%	11.52%

Returns By Period

The year-to-date returns for both investments are quite close, with CEGI.L having a -10.89% return and SPYY.L slightly higher at -10.77%.

CEGI.L

• 1D: -0.74%
• 1M: -8.63%
• YTD: -10.89%
• 6M: -16.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYY.L

• 1D: -0.85%
• 1M: -7.50%
• YTD: -10.77%
• 6M: -6.81%
• 1Y: 7.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

CEGI.L has a 0.65% expense ratio, which is higher than SPYY.L's 0.45% expense ratio.

CEGI.L

REX Crypto Equity Income & Growth UCITS ETF Distributing

SPYY.L

IncomeShares S&P500 Options (0DTE) ETP

Return for Risk

CEGI.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: 26
SPYY.L Sharpe Ratio Rank: 28
SPYY.L Sortino Ratio Rank: 26
SPYY.L Omega Ratio Rank: 30
SPYY.L Calmar Ratio Rank: 23
SPYY.L Martin Ratio Rank: 23

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.

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

This table presents a comparison of risk-adjusted performance metrics for REX Crypto Equity Income & Growth UCITS ETF Distributing (CEGI.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

	CEGI.L	SPYY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.06	+0.27

Correlation

The correlation between CEGI.L and SPYY.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CEGI.L vs. SPYY.L - Dividend Comparison

CEGI.L's dividend yield for the trailing twelve months is around 15.25%, less than SPYY.L's 72.85% yield.

	TTM	2025	2024
CEGI.L REX Crypto Equity Income & Growth UCITS ETF Distributing	15.25%	9.50%	0.00%
SPYY.L IncomeShares S&P500 Options (0DTE) ETP	72.85%	82.07%	2.84%

Drawdowns

CEGI.L vs. SPYY.L - Drawdown Comparison

The maximum CEGI.L drawdown since its inception was -27.98%, 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 CEGI.L and SPYY.L.

Drawdown Indicators

	CEGI.L	SPYY.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.98%	-17.71%	-10.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.78%	—
Current Drawdown Current decline from peak	-27.98%	-11.75%	-16.23%
Average Drawdown Average peak-to-trough decline	-10.36%	-4.43%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.79%	—

Volatility

Volatility by Period

	CEGI.L	SPYY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.47%	14.58%	+18.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	14.40%	+19.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	14.40%	+19.07%