DSPY.DE vs. WBD

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) and Warner Bros. Discovery, Inc. (WBD).

DSPY.DE is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024.

Performance

DSPY.DE vs. WBD - 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 Warner Bros. Discovery, Inc. (WBD). The values are adjusted to include any dividend payments, if applicable.

DSPY.DE vs. WBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	-13.14%	2.89%	-0.22%
WBD Warner Bros. Discovery, Inc.	-3.15%	140.30%	16.72%

Different Trading Currencies

DSPY.DE is traded in EUR, while WBD is traded in USD. To make them comparable, the WBD 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 WBD's -3.15% return.

DSPY.DE

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

WBD

• 1D: 0.01%
• 1M: -2.53%
• YTD: -3.15%
• 6M: 44.08%
• 1Y: 151.22%
• 3Y*: 19.50%
• 5Y*: -8.36%
• 10Y*: -0.65%

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

Return for Risk

DSPY.DE vs. WBD — 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

WBD

WBD Risk / Return Rank: 96
WBD Sharpe Ratio Rank: 96
WBD Sortino Ratio Rank: 96
WBD Omega Ratio Rank: 96
WBD Calmar Ratio Rank: 95
WBD Martin Ratio Rank: 95

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. WBD - 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 Warner Bros. Discovery, Inc. (WBD). 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	WBD	Difference
Sharpe ratio Return per unit of total volatility	-0.20	2.57	-2.77
Sortino ratio Return per unit of downside risk	-0.11	3.32	-3.42
Omega ratio Gain probability vs. loss probability	0.98	1.51	-0.53
Calmar ratio Return relative to maximum drawdown	-0.00	4.77	-4.77
Martin ratio Return relative to average drawdown	-0.00	13.00	-13.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSPY.DE vs. WBD - Sharpe Ratio Comparison

The current DSPY.DE Sharpe Ratio is -0.20, which is lower than the WBD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of DSPY.DE and WBD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DSPY.DE	WBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	2.57	-2.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.05	-0.38

Correlation

The correlation between DSPY.DE and WBD is 0.21, 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. WBD - Dividend Comparison

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

	TTM	2025
DSPY.DE IncomeShares S&P500 Options (0DTE) ETP EUR	62.20%	87.09%
WBD Warner Bros. Discovery, Inc.	0.00%	0.00%

Drawdowns

DSPY.DE vs. WBD - Drawdown Comparison

The maximum DSPY.DE drawdown since its inception was -24.16%, smaller than the maximum WBD drawdown of -90.66%. Use the drawdown chart below to compare losses from any high point for DSPY.DE and WBD.

Drawdown Indicators

	DSPY.DE	WBD	Difference
Max Drawdown Largest peak-to-trough decline	-24.16%	-92.58%	+68.42%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	-27.18%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-84.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-91.32%	—
Current Drawdown Current decline from peak	-24.16%	-69.61%	+45.45%
Average Drawdown Average peak-to-trough decline	-9.56%	-46.34%	+36.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.16%	9.59%	+0.57%

Volatility

DSPY.DE vs. WBD - Volatility Comparison

IncomeShares S&P500 Options (0DTE) ETP EUR (DSPY.DE) has a higher volatility of 5.85% compared to Warner Bros. Discovery, Inc. (WBD) at 2.39%. This indicates that DSPY.DE's price experiences larger fluctuations and is considered to be riskier than WBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSPY.DE	WBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	2.39%	+3.46%
Volatility (6M) Calculated over the trailing 6-month period	22.89%	22.24%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	26.87%	59.44%	-32.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.16%	52.59%	-28.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	47.16%	-23.00%