NVDD.L vs. BABI.L

Last updated Jun 5, 2026

NVDD.L (IncomeShares NVIDIA (NVDA) Options ETP GBP) and BABI.L (IncomeShares Alibaba (BABA) Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.

Performance

NVDD.L vs. BABI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) and IncomeShares Alibaba (BABA) Options ETP (BABI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, NVDD.L achieves a 2.34% return, which is significantly higher than BABI.L's -38.51% return.

NVDD.L

• 1D: 0.98%
• 1M: 3.83%
• YTD: 2.34%
• 6M: 3.76%
• 1Y: 37.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BABI.L

• 1D: -0.62%
• 1M: -8.22%
• YTD: -38.51%
• 6M: -42.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDD.L vs. BABI.L - Yearly Performance Comparison

	2026 (YTD)	2025
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP	2.34%	25.71%
BABI.L IncomeShares Alibaba (BABA) Options ETP	-38.51%	2.53%

Correlation

The correlation between NVDD.L and BABI.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.29

Return for Risk

NVDD.L vs. BABI.L — Risk / Return Rank

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

NVDD.L

NVDD.L Risk / Return Rank: 37
NVDD.L Sharpe Ratio Rank: 35
NVDD.L Sortino Ratio Rank: 32
NVDD.L Omega Ratio Rank: 34
NVDD.L Calmar Ratio Rank: 49
NVDD.L Martin Ratio Rank: 35

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.

NVDD.L vs. BABI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) and IncomeShares Alibaba (BABA) Options ETP (BABI.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.

	NVDD.L	BABI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	5.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVDD.L	BABI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	-1.02	+1.45

Drawdowns

NVDD.L vs. BABI.L - Drawdown Comparison

The maximum NVDD.L drawdown since its inception was -34.80%, smaller than the maximum BABI.L drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for NVDD.L and BABI.L.

Drawdown Indicators

	NVDD.L	BABI.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-53.75%	+18.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	—	—
Current Drawdown Current decline from peak	-10.12%	-53.09%	+42.97%
Average Drawdown Average peak-to-trough decline	-8.61%	-20.71%	+12.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.06%	—	—

Volatility

Volatility by Period

	NVDD.L	BABI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.51%	38.34%	-8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.19%	38.34%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.19%	38.34%	-1.15%

NVDD.L vs. BABI.L - Expense Ratio Comparison

Both NVDD.L and BABI.L have an expense ratio of 0.55%.

Dividends

NVDD.L vs. BABI.L - Dividend Comparison

NVDD.L's dividend yield for the trailing twelve months is around 35.08%, more than BABI.L's 0.74% yield.

Position	TTM	2025	2024
BABI.L IncomeShares Alibaba (BABA) Options ETP	0.74%	0.09%	0.00%
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP	35.08%	44.17%	13.80%

Frequently Asked Questions

Can I hold both NVDD.L and BABI.L in my portfolio?

NVDD.L and BABI.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDD.L or BABI.L?

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDD.L or BABI.L?

NVDD.L and BABI.L have the same expense ratio: 0.55% per year.