JD3.L vs. SPYY.L
JD3.L (Leverage Shares 3x JD.Com ETP Securities) and SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) are both exchange-traded funds - JD3.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x JD Index, while SPYY.L is a Derivative Income fund actively managed by Leverage Shares. JD3.L is passively managed, while SPYY.L is actively managed. Over the past year, JD3.L returned -53.45% vs 10.70% for SPYY.L. At a 0.25 correlation, their price movements are largely independent. JD3.L charges 0.75%/yr vs 0.45%/yr for SPYY.L.
Performance
JD3.L vs. SPYY.L - Performance Comparison
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Returns By Period
In the year-to-date period, JD3.L achieves a -3.88% return, which is significantly lower than SPYY.L's -3.36% return.
JD3.L
- 1D
- -1.16%
- 1M
- -10.54%
- YTD
- -3.88%
- 6M
- -16.34%
- 1Y
- -53.45%
- 3Y*
- -57.63%
- 5Y*
- —
- 10Y*
- —
SPYY.L
- 1D
- -0.10%
- 1M
- 2.88%
- YTD
- -3.36%
- 6M
- -2.52%
- 1Y
- 10.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JD3.L vs. SPYY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | -3.88% | -69.43% | 62.56% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -3.36% | 16.00% | -4.69% |
Correlation
The correlation between JD3.L and SPYY.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | 0.25 |
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Return for Risk
JD3.L vs. SPYY.L — Risk / Return Rank
JD3.L
SPYY.L
JD3.L vs. SPYY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x JD.Com ETP Securities (JD3.L) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.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.
| JD3.L | SPYY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.19 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.71 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.25 | 2.23 | -3.48 |
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
| JD3.L | SPYY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 0.83 | -1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | 0.26 | -0.73 |
Drawdowns
JD3.L vs. SPYY.L - Drawdown Comparison
The maximum JD3.L drawdown since its inception was -99.97%, which is greater than SPYY.L's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for JD3.L and SPYY.L.
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Drawdown Indicators
| JD3.L | SPYY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -17.71% | -82.26% |
Max Drawdown (1Y)Largest decline over 1 year | -72.04% | -14.91% | -57.13% |
Max Drawdown (3Y)Largest decline over 3 years | -96.55% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | -4.42% | -95.53% |
Average DrawdownAverage peak-to-trough decline | -88.83% | -4.76% | -84.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.90% | 4.79% | +38.11% |
Volatility
JD3.L vs. SPYY.L - Volatility Comparison
Leverage Shares 3x JD.Com ETP Securities (JD3.L) has a higher volatility of 43.93% compared to IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) at 2.78%. This indicates that JD3.L's price experiences larger fluctuations and is considered to be riskier than SPYY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JD3.L | SPYY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 43.93% | 2.78% | +41.15% |
Volatility (6M)Calculated over the trailing 6-month period | 71.96% | 9.59% | +62.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.26% | 12.77% | +86.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.88% | 14.47% | +148.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.88% | 14.47% | +148.41% |
JD3.L vs. SPYY.L - Expense Ratio Comparison
JD3.L has a 0.75% expense ratio, which is higher than SPYY.L's 0.45% expense ratio.
Dividends
JD3.L vs. SPYY.L - Dividend Comparison
JD3.L has not paid dividends to shareholders, while SPYY.L's dividend yield for the trailing twelve months is around 34.35%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JD3.L Leverage Shares 3x JD.Com ETP Securities | 0.00% | 0.00% | 0.00% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 34.35% | 82.07% | 2.84% |
Frequently Asked Questions
JD3.L and SPYY.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.L is cheaper with a 0.45% expense ratio, compared with 0.75% for JD3.L.
JD3.L is categorized as Leveraged Equities, while SPYY.L is Derivative Income. Their fees differ too: 0.75% for JD3.L and 0.45% for SPYY.L.
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