DSPY.DE vs. QQQI

Last updated Jun 5, 2026

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 8.77% vs 27.50% for QQQI. A 0.51 correlation means they provide meaningful diversification when combined. DSPY.DE charges 0.45%/yr vs 0.68%/yr for QQQI.

Performance

DSPY.DE vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

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 -2.42% return, which is significantly lower than QQQI's 14.33% return.

DSPY.DE

• 1D: 0.02%
• 1M: 3.51%
• YTD: -2.42%
• 6M: -2.34%
• 1Y: 8.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQI

• 1D: -0.49%
• 1M: 6.31%
• YTD: 14.33%
• 6M: 12.87%
• 1Y: 27.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DSPY.DE vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	-2.42%	2.89%	-0.22%
QQQI NEOS Nasdaq-100 High Income ETF	14.33%	4.55%	4.92%

Correlation

The correlation between DSPY.DE and QQQI is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.51

The correlation between DSPY.DE and QQQI has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

Return for Risk

DSPY.DE vs. QQQI — Risk / Return Rank

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

DSPY.DE

DSPY.DE Risk / Return Rank: 16
DSPY.DE Sharpe Ratio Rank: 15
DSPY.DE Sortino Ratio Rank: 15
DSPY.DE Omega Ratio Rank: 24
DSPY.DE Calmar Ratio Rank: 13
DSPY.DE Martin Ratio Rank: 13

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

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.

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.

	DSPY.DE	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	0.35	2.04	-1.69
Sortino ratio: Return per unit of downside risk	0.67	2.63	-1.95
Omega ratio: Gain probability vs. loss probability	1.15	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	0.36	3.49	-3.13
Martin ratio: Return relative to average drawdown	0.69	11.82	-11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSPY.DE vs. QQQI - Sharpe Ratio Comparison

The current DSPY.DE Sharpe Ratio is 0.35, which is lower than the QQQI Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of DSPY.DE and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSPY.DE	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	2.04	-1.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.02	-1.02

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.

Drawdown Indicators

	DSPY.DE	QQQI	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-14.79%	-0.49%	-14.30%
Average Drawdown Average peak-to-trough decline	-10.51%	-4.05%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.62%	2.33%	+10.29%

Volatility

DSPY.DE vs. QQQI - Volatility Comparison

IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and NEOS Nasdaq-100 High Income ETF (QQQI) have volatilities of 2.12% and 2.05%, 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.

Volatility by Period

	DSPY.DE	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.05%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	9.46%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	24.89%	13.57%	+11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.01%	18.55%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.01%	18.55%	+4.46%

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 34.25%, more than QQQI's 13.24% yield.

Position	TTM	2025	2024
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	34.25%	87.09%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%

Frequently Asked Questions

Can I hold both DSPY.DE and QQQI in my portfolio?

DSPY.DE and QQQI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DSPY.DE or QQQI?

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.

Which ETF is cheaper, DSPY.DE or QQQI?

DSPY.DE is cheaper with a 0.45% expense ratio, compared with 0.68% for QQQI.

What is the main difference between DSPY.DE and 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.