DSPY.DE vs. SPY
Compare and contrast key facts about IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and State Street SPDR S&P 500 ETF (SPY).
DSPY.DE and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DSPY.DE is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
DSPY.DE vs. SPY - Performance Comparison
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DSPY.DE vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | -13.14% | 2.89% | -0.22% |
SPY State Street SPDR S&P 500 ETF | -2.17% | 3.75% | 2.21% |
Different Trading Currencies
DSPY.DE is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY 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 -13.14% return, which is significantly lower than SPY's -2.85% return.
DSPY.DE
- 1D
- -4.68%
- 1M
- -6.40%
- YTD
- -13.14%
- 6M
- -9.63%
- 1Y
- -5.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.00%
- 1M
- -3.95%
- YTD
- -2.85%
- 6M
- -0.72%
- 1Y
- 9.46%
- 3Y*
- 15.68%
- 5Y*
- 12.10%
- 10Y*
- 13.81%
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DSPY.DE vs. SPY - Expense Ratio Comparison
DSPY.DE has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
DSPY.DE vs. SPY — Risk / Return Rank
DSPY.DE
SPY
DSPY.DE vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | 0.44 | -0.65 |
Sortino ratioReturn per unit of downside risk | -0.11 | 0.76 | -0.86 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.12 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.00 | 0.70 | -0.70 |
Martin ratioReturn relative to average drawdown | -0.00 | 2.95 | -2.95 |
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
| DSPY.DE | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 0.44 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.55 | -0.88 |
Correlation
The correlation between DSPY.DE and SPY is 0.50, 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
DSPY.DE vs. SPY - Dividend Comparison
DSPY.DE's dividend yield for the trailing twelve months is around 62.20%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR | 62.20% | 87.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
DSPY.DE vs. SPY - Drawdown Comparison
The maximum DSPY.DE drawdown since its inception was -24.16%, smaller than the maximum SPY drawdown of -51.02%. Use the drawdown chart below to compare losses from any high point for DSPY.DE and SPY.
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Drawdown Indicators
| DSPY.DE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.16% | -55.19% | +31.03% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -12.05% | -12.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -24.16% | -5.53% | -18.63% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -9.09% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 2.54% | +7.62% |
Volatility
DSPY.DE vs. SPY - Volatility Comparison
IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) has a higher volatility of 5.85% compared to State Street SPDR S&P 500 ETF (SPY) at 4.30%. This indicates that DSPY.DE's price experiences larger fluctuations and is considered to be riskier than SPY 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 | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.30% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 22.89% | 9.86% | +13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 21.43% | +5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.16% | 16.97% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 18.50% | +5.66% |