ISEM.L vs. GOOI.L

Last updated Jun 4, 2026

ISEM.L (IncomeShares Semiconductors Leaders ETP) and GOOI.L (IncomeShares Alphabet (GOOG) Options ETP) are both Derivative Income funds. ISEM.L is passively managed, while GOOI.L is actively managed. At a 0.08 correlation, their price movements are largely independent. ISEM.L charges 0.45%/yr vs 0.55%/yr for GOOI.L.

Performance

ISEM.L vs. GOOI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares Semiconductors Leaders ETP (ISEM.L) and IncomeShares Alphabet (GOOG) Options ETP (GOOI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ISEM.L is traded in GBp, while GOOI.L is traded in USD. To make them comparable, the GOOI.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

ISEM.L

• 1D: 2.92%
• 1M: 29.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOI.L

• 1D: -2.51%
• 1M: -4.63%
• YTD: 6.58%
• 6M: 4.43%
• 1Y: 71.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISEM.L vs. GOOI.L - Yearly Performance Comparison

	2026 (YTD)
ISEM.L IncomeShares Semiconductors Leaders ETP	57.70%
GOOI.L IncomeShares Alphabet (GOOG) Options ETP	12.48%

Correlation

The correlation between ISEM.L and GOOI.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.08

Return for Risk

ISEM.L vs. GOOI.L — Risk / Return Rank

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

GOOI.L

GOOI.L Risk / Return Rank: 81
GOOI.L Sharpe Ratio Rank: 87
GOOI.L Sortino Ratio Rank: 84
GOOI.L Omega Ratio Rank: 76
GOOI.L Calmar Ratio Rank: 81
GOOI.L Martin Ratio Rank: 76

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.

ISEM.L vs. GOOI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Semiconductors Leaders ETP (ISEM.L) and IncomeShares Alphabet (GOOG) Options ETP (GOOI.L). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ISEM.L	GOOI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	31.14	1.63	+29.51

Drawdowns

ISEM.L vs. GOOI.L - Drawdown Comparison

The maximum ISEM.L drawdown since its inception was -6.35%, smaller than the maximum GOOI.L drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for ISEM.L and GOOI.L.

Drawdown Indicators

	ISEM.L	GOOI.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.35%	-28.43%	+22.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.38%	—
Current Drawdown Current decline from peak	0.00%	-10.23%	+10.23%
Average Drawdown Average peak-to-trough decline	-0.96%	-7.50%	+6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.21%	—

Volatility

Volatility by Period

	ISEM.L	GOOI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.89%	24.29%	+16.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.89%	25.75%	+15.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.89%	25.75%	+15.14%

ISEM.L vs. GOOI.L - Expense Ratio Comparison

ISEM.L has a 0.45% expense ratio, which is lower than GOOI.L's 0.55% expense ratio.

Dividends

ISEM.L vs. GOOI.L - Dividend Comparison

ISEM.L's dividend yield for the trailing twelve months is around 13.84%, less than GOOI.L's 22.97% yield.

Position	TTM	2025	2024
GOOI.L IncomeShares Alphabet (GOOG) Options ETP	22.97%	11.19%	2.00%
ISEM.L IncomeShares Semiconductors Leaders ETP	13.84%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISEM.L and GOOI.L in my portfolio?

ISEM.L and GOOI.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISEM.L or GOOI.L?

On fees, ISEM.L 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, ISEM.L or GOOI.L?

ISEM.L is cheaper with a 0.45% expense ratio, compared with 0.55% for GOOI.L.

What is the main difference between ISEM.L and GOOI.L?

They also come from different issuers: IncomeShares and Leverage Shares. Their fees differ too: 0.45% for ISEM.L and 0.55% for GOOI.L.