METY.L vs. SPYY.L
METY.L (IncomeShares META Options ETP) and SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, METY.L returned -23.21% vs 10.70% for SPYY.L. At a 0.48 correlation, their price movements are largely independent. METY.L charges 0.55%/yr vs 0.45%/yr for SPYY.L.
Performance
METY.L vs. SPYY.L - Performance Comparison
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Returns By Period
In the year-to-date period, METY.L achieves a -18.12% return, which is significantly lower than SPYY.L's -3.36% return.
METY.L
- 1D
- 3.19%
- 1M
- 6.11%
- YTD
- -18.12%
- 6M
- -16.59%
- 1Y
- -23.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYY.L
- 1D
- -0.10%
- 1M
- 2.88%
- YTD
- -3.36%
- 6M
- -2.52%
- 1Y
- 10.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
METY.L vs. SPYY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METY.L IncomeShares META Options ETP | -18.12% | 6.34% | 4.47% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -3.36% | 16.00% | -7.06% |
Correlation
The correlation between METY.L and SPYY.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.48 |
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Return for Risk
METY.L vs. SPYY.L — Risk / Return Rank
METY.L
SPYY.L
METY.L vs. SPYY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares META Options ETP (METY.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.
| METY.L | SPYY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.19 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.71 | -1.29 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.23 | -3.33 |
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 | SPYY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 0.83 | -1.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 0.26 | -0.44 |
Drawdowns
METY.L vs. SPYY.L - Drawdown Comparison
The maximum METY.L drawdown since its inception was -39.94%, 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 METY.L and SPYY.L.
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Drawdown Indicators
| METY.L | SPYY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.94% | -17.71% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -39.94% | -14.91% | -25.03% |
Current DrawdownCurrent decline from peak | -32.46% | -4.42% | -28.04% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -4.76% | -9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 4.79% | +16.23% |
Volatility
METY.L vs. SPYY.L - Volatility Comparison
IncomeShares META Options ETP (METY.L) has a higher volatility of 7.07% compared to IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) at 2.78%. This indicates that METY.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
| METY.L | SPYY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 2.78% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.68% | 9.59% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 12.77% | +16.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.39% | 14.47% | +15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.39% | 14.47% | +15.92% |
METY.L vs. SPYY.L - Expense Ratio Comparison
METY.L has a 0.55% expense ratio, which is higher than SPYY.L's 0.45% expense ratio.
Dividends
METY.L vs. SPYY.L - Dividend Comparison
METY.L's dividend yield for the trailing twelve months is around 18.81%, less than SPYY.L's 34.35% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
METY.L IncomeShares META Options ETP | 18.81% | 19.94% | 3.15% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 34.35% | 82.07% | 2.84% |
Frequently Asked Questions
METY.L and SPYY.L have a correlation of 0.45, 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 0.55% for METY.L.
Their fees differ too: 0.55% for METY.L and 0.45% for SPYY.L.
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