DSPY.DE vs. QQQI
DSPY.DE (IncomeShares S&P500 Options (0DTE) ETP EUR) and QQQI (NEOS Nasdaq-100 High Income ETF) are both exchange-traded funds - DSPY.DE is a Derivative Income fund actively managed by Leverage Shares, while QQQI is a Nasdaq-100 fund actively managed by Neos. Both are actively managed. Over the past year, DSPY.DE returned 12.36% vs 27.05% for QQQI. At a 0.49 correlation, their price movements are largely independent. DSPY.DE charges 0.45%/yr vs 0.68%/yr for QQQI.
Performance
DSPY.DE vs. QQQI - Performance Comparison
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Different Trading Currencies
DSPY.DE is traded in EUR, while QQQI is traded in USD. To make them comparable, the QQQI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DSPY.DE achieves a -2.57% return, which is significantly lower than QQQI's 13.93% return.
DSPY.DE
- 1D
- 0.00%
- 1M
- 0.54%
- YTD
- -2.57%
- 6M
- -2.17%
- 1Y
- 12.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQI
- 1D
- 0.64%
- 1M
- 0.74%
- YTD
- 13.93%
- 6M
- 12.79%
- 1Y
- 27.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DSPY.DE vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | -2.57% | 6.50% | -0.75% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.93% | 4.55% | 3.22% |
Correlation
The correlation between DSPY.DE and QQQI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2024 | 0.49 |
The correlation between DSPY.DE and QQQI has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
DSPY.DE vs. QQQI — Risk / Return Rank
DSPY.DE
QQQI
DSPY.DE vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and NEOS Nasdaq-100 High Income ETF (QQQI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DSPY.DE | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 3.43 | -2.92 |
| Martin ratioReturn relative to average drawdown | 0.95 | 11.30 | -10.35 |
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Drawdowns
DSPY.DE vs. QQQI - Drawdown Comparison
The maximum DSPY.DE drawdown since its inception was -24.16%, roughly equal to the maximum QQQI drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for DSPY.DE and QQQI.
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Drawdown Indicators
| DSPY.DE | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.16% | -24.57% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -7.92% | -16.24% |
Current DrawdownCurrent decline from peak | -14.93% | -2.02% | -12.91% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -4.00% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.00% | 2.40% | +10.60% |
Volatility
DSPY.DE vs. QQQI - Volatility Comparison
The current volatility for IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) is 2.81%, while NEOS Nasdaq-100 High Income ETF (QQQI) has a volatility of 6.88%. This indicates that DSPY.DE experiences smaller price fluctuations and is considered to be less risky than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSPY.DE | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 6.88% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 11.14% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 14.92% | +9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.45% | 18.82% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.45% | 18.82% | +9.63% |
DSPY.DE vs. QQQI - Expense Ratio Comparison
DSPY.DE has a 0.45% expense ratio, which is lower than QQQI's 0.68% expense ratio.
Dividends
DSPY.DE vs. QQQI - Dividend Comparison
DSPY.DE's dividend yield for the trailing twelve months is around 38.44%, more than QQQI's 13.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | 38.44% | 90.77% | 0.00% |
QQQI NEOS Nasdaq-100 High Income ETF | 13.78% | 13.82% | 12.85% |
Frequently Asked Questions
DSPY.DE and QQQI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DSPY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DSPY.DE is cheaper with a 0.45% expense ratio, compared with 0.68% for QQQI.
DSPY.DE is categorized as Derivative Income, while QQQI is Nasdaq-100. They also come from different issuers: Leverage Shares and Neos. Their fees differ too: 0.45% for DSPY.DE and 0.68% for QQQI.
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