ONVD.DE vs. YMSF.DE

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) and IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE).

ONVD.DE and YMSF.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONVD.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024. YMSF.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024.

Performance

ONVD.DE vs. YMSF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) and IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE). The values are adjusted to include any dividend payments, if applicable.

ONVD.DE vs. YMSF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	-13.99%	-22.38%	0.81%
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	-26.34%	-1.48%	2.79%

Returns By Period

In the year-to-date period, ONVD.DE achieves a -13.99% return, which is significantly higher than YMSF.DE's -26.34% return.

ONVD.DE

• 1D: -1.25%
• 1M: -2.79%
• YTD: -13.99%
• 6M: -18.44%
• 1Y: -9.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMSF.DE

• 1D: -1.15%
• 1M: -6.81%
• YTD: -26.34%
• 6M: -29.08%
• 1Y: -17.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONVD.DE vs. YMSF.DE - Expense Ratio Comparison

Both ONVD.DE and YMSF.DE have an expense ratio of 0.55%.

ONVD.DE

IncomeShares NVIDIA (NVDA) Options ETP

YMSF.DE

IncomeShares Microsoft (MSFT) Options ETP

Return for Risk

ONVD.DE vs. YMSF.DE — Risk / Return Rank

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

ONVD.DE

ONVD.DE Risk / Return Rank: 8
ONVD.DE Sharpe Ratio Rank: 8
ONVD.DE Sortino Ratio Rank: 9
ONVD.DE Omega Ratio Rank: 9
ONVD.DE Calmar Ratio Rank: 7
ONVD.DE Martin Ratio Rank: 7

YMSF.DE

YMSF.DE Risk / Return Rank: 4
YMSF.DE Sharpe Ratio Rank: 4
YMSF.DE Sortino Ratio Rank: 4
YMSF.DE Omega Ratio Rank: 3
YMSF.DE Calmar Ratio Rank: 6
YMSF.DE Martin Ratio Rank: 6

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.

ONVD.DE vs. YMSF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) and IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE). 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.

	ONVD.DE	YMSF.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.22	-0.55	+0.33
Sortino ratio Return per unit of downside risk	-0.03	-0.63	+0.60
Omega ratio Gain probability vs. loss probability	1.00	0.91	+0.09
Calmar ratio Return relative to maximum drawdown	-0.31	-0.33	+0.03
Martin ratio Return relative to average drawdown	-0.61	-0.74	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONVD.DE vs. YMSF.DE - Sharpe Ratio Comparison

The current ONVD.DE Sharpe Ratio is -0.22, which is higher than the YMSF.DE Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of ONVD.DE and YMSF.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ONVD.DE	YMSF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	-0.55	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	-0.66	+0.13

Correlation

The correlation between ONVD.DE and YMSF.DE is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ONVD.DE vs. YMSF.DE - Dividend Comparison

ONVD.DE has not paid dividends to shareholders, while YMSF.DE's dividend yield for the trailing twelve months is around 8.56%.

	TTM	2025	2024
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	0.00%	3.72%	6.24%
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	8.56%	7.16%	0.00%

Drawdowns

ONVD.DE vs. YMSF.DE - Drawdown Comparison

The maximum ONVD.DE drawdown since its inception was -44.31%, which is greater than YMSF.DE's maximum drawdown of -41.28%. Use the drawdown chart below to compare losses from any high point for ONVD.DE and YMSF.DE.

Drawdown Indicators

	ONVD.DE	YMSF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.31%	-41.28%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-41.28%	+8.72%
Current Drawdown Current decline from peak	-37.99%	-41.12%	+3.13%
Average Drawdown Average peak-to-trough decline	-24.53%	-13.85%	-10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.46%	18.53%	-2.07%

Volatility

ONVD.DE vs. YMSF.DE - Volatility Comparison

IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) has a higher volatility of 6.83% compared to IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) at 4.72%. This indicates that ONVD.DE's price experiences larger fluctuations and is considered to be riskier than YMSF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONVD.DE	YMSF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.83%	4.72%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	31.87%	26.64%	+5.23%
Volatility (1Y) Calculated over the trailing 1-year period	43.25%	31.11%	+12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.77%	29.33%	+18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.77%	29.33%	+18.44%