METY.L vs. GOOO.L
METY.L (IncomeShares META Options ETP) and GOOO.L (IncomeShares Alphabet (GOOG) Options ETP GBP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, METY.L returned -23.21% vs 76.58% for GOOO.L. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
METY.L vs. GOOO.L - Performance Comparison
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Different Trading Currencies
METY.L is traded in USD, while GOOO.L is traded in GBp. To make them comparable, the GOOO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, METY.L achieves a -18.12% return, which is significantly lower than GOOO.L's 9.54% return.
METY.L
- 1D
- 3.19%
- 1M
- 6.11%
- YTD
- -18.12%
- 6M
- -16.59%
- 1Y
- -23.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOO.L
- 1D
- 3.19%
- 1M
- -4.09%
- YTD
- 9.54%
- 6M
- 9.22%
- 1Y
- 76.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METY.L vs. GOOO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METY.L IncomeShares META Options ETP | -18.12% | 6.34% | 4.47% |
GOOO.L IncomeShares Alphabet (GOOG) Options ETP GBP | 9.54% | 45.40% | 16.72% |
Correlation
The correlation between METY.L and GOOO.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.41 |
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Return for Risk
METY.L vs. GOOO.L — Risk / Return Rank
METY.L
GOOO.L
METY.L vs. GOOO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares META Options ETP (METY.L) and IncomeShares Alphabet (GOOG) Options ETP GBP (GOOO.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.
| METY.L | GOOO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.90 | ||
| Sortino ratioReturn per unit of downside risk | -4.94 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.48 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 4.50 | -5.08 |
| Martin ratioReturn relative to average drawdown | -1.10 | 15.52 | -16.62 |
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
| METY.L | GOOO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 3.10 | -3.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.72 | -1.90 |
Drawdowns
METY.L vs. GOOO.L - Drawdown Comparison
The maximum METY.L drawdown since its inception was -39.94%, which is greater than GOOO.L's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for METY.L and GOOO.L.
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Drawdown Indicators
| METY.L | GOOO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -26.78% | -13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -16.93% | -23.01% |
Current DrawdownCurrent decline from peak | -32.46% | -7.56% | -24.90% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -6.17% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 4.92% | +16.10% |
Volatility
METY.L vs. GOOO.L - Volatility Comparison
The current volatility for IncomeShares META Options ETP (METY.L) is 7.07%, while IncomeShares Alphabet (GOOG) Options ETP GBP (GOOO.L) has a volatility of 7.76%. This indicates that METY.L experiences smaller price fluctuations and is considered to be less risky than GOOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METY.L | GOOO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 7.76% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 16.17% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 24.55% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 25.85% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 25.85% | +4.54% |
METY.L vs. GOOO.L - Expense Ratio Comparison
Both METY.L and GOOO.L have an expense ratio of 0.55%.
Dividends
METY.L vs. GOOO.L - Dividend Comparison
METY.L's dividend yield for the trailing twelve months is around 18.81%, less than GOOO.L's 22.21% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOO.L IncomeShares Alphabet (GOOG) Options ETP GBP | 22.21% | 11.49% | 1.94% |
METY.L IncomeShares META Options ETP | 18.81% | 19.94% | 3.15% |
Frequently Asked Questions
METY.L and GOOO.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
METY.L and GOOO.L have the same expense ratio: 0.55% per year.
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