DSPY.DE vs. UIQ4.DE

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE).

DSPY.DE and UIQ4.DE 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. UIQ4.DE is a passively managed fund by UBS that tracks the performance of the Euro Equity Defensive Put Write Index. It was launched on Jun 27, 2016.

Performance

DSPY.DE vs. UIQ4.DE - 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 UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE). The values are adjusted to include any dividend payments, if applicable.

DSPY.DE vs. UIQ4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	-13.14%	11.07%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	0.12%	6.38%

Returns By Period

In the year-to-date period, DSPY.DE achieves a -13.14% return, which is significantly lower than UIQ4.DE's 0.12% return.

DSPY.DE

• 1D: -4.68%
• 1M: -6.40%
• YTD: -13.14%
• 6M: -9.63%
• 1Y: -5.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UIQ4.DE

• 1D: 1.19%
• 1M: -0.67%
• YTD: 0.12%
• 6M: 3.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DSPY.DE vs. UIQ4.DE - Expense Ratio Comparison

DSPY.DE has a 0.45% expense ratio, which is higher than UIQ4.DE's 0.21% expense ratio.

DSPY.DE

IncomeShares S&P500 Options (0DTE) ETP EUR

UIQ4.DE

UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc

Return for Risk

DSPY.DE vs. UIQ4.DE — 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: 9
DSPY.DE Sharpe Ratio Rank: 8
DSPY.DE Sortino Ratio Rank: 8
DSPY.DE Omega Ratio Rank: 8
DSPY.DE Calmar Ratio Rank: 12
DSPY.DE Martin Ratio Rank: 12

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. UIQ4.DE - 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 UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE). 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	UIQ4.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.20	—	—
Sortino ratio Return per unit of downside risk	-0.11	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.00	—	—
Martin ratio Return relative to average drawdown	-0.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DSPY.DE	UIQ4.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	1.11	-1.44

Correlation

The correlation between DSPY.DE and UIQ4.DE is 0.33, 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

DSPY.DE vs. UIQ4.DE - Dividend Comparison

DSPY.DE's dividend yield for the trailing twelve months is around 62.20%, while UIQ4.DE has not paid dividends to shareholders.

	TTM	2025
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	62.20%	87.09%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	0.00%	0.00%

Drawdowns

DSPY.DE vs. UIQ4.DE - Drawdown Comparison

The maximum DSPY.DE drawdown since its inception was -24.16%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for DSPY.DE and UIQ4.DE.

Drawdown Indicators

	DSPY.DE	UIQ4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.16%	-3.90%	-20.26%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Current Drawdown Current decline from peak	-24.16%	-1.53%	-22.63%
Average Drawdown Average peak-to-trough decline	-9.56%	-0.88%	-8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.16%	—	—

Volatility

Volatility by Period

	DSPY.DE	UIQ4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.87%	7.24%	+19.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.16%	7.24%	+16.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	7.24%	+16.92%