RUB=X vs. SPYY.L

Last updated Apr 2, 2026

Compare and contrast key facts about USD/RUB (RUB=X) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L).

SPYY.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024.

Performance

RUB=X vs. SPYY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a RUB 10,000 investment in USD/RUB (RUB=X) and IncomeShares S&P500 Options (0DTE) ETP (SPYY.L). The values are adjusted to include any dividend payments, if applicable.

RUB=X vs. SPYY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RUB=X USD/RUB	1.52%	-27.92%	19.93%
SPYY.L IncomeShares S&P500 Options (0DTE) ETP	-12.66%	-16.39%	14.30%

Different Trading Currencies

RUB=X is traded in RUB, while SPYY.L is traded in USD. To make them comparable, the SPYY.L values have been converted to RUB using the latest available exchange rates.

Returns By Period

In the year-to-date period, RUB=X achieves a 1.52% return, which is significantly higher than SPYY.L's -12.66% return.

RUB=X

• 1D: -1.24%
• 1M: 3.64%
• YTD: 1.52%
• 6M: -2.66%
• 1Y: -4.97%
• 3Y*: 0.98%
• 5Y*: 0.96%
• 10Y*: 1.77%

SPYY.L

• 1D: -4.78%
• 1M: -3.40%
• YTD: -12.66%
• 6M: -12.82%
• 1Y: -3.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

RUB=X vs. SPYY.L — Risk / Return Rank

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

RUB=X

RUB=X Risk / Return Rank: 46
RUB=X Sharpe Ratio Rank: 42
RUB=X Sortino Ratio Rank: 42
RUB=X Omega Ratio Rank: 43
RUB=X Calmar Ratio Rank: 51
RUB=X Martin Ratio Rank: 51

SPYY.L

SPYY.L Risk / Return Rank: 14
SPYY.L Sharpe Ratio Rank: 14
SPYY.L Sortino Ratio Rank: 13
SPYY.L Omega Ratio Rank: 14
SPYY.L Calmar Ratio Rank: 13
SPYY.L Martin Ratio Rank: 14

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.

RUB=X vs. SPYY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/RUB (RUB=X) 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.

	RUB=X	SPYY.L	Difference
Sharpe ratio Return per unit of total volatility	-0.25	-0.15	-0.09
Sortino ratio Return per unit of downside risk	-0.23	-0.06	-0.17
Omega ratio Gain probability vs. loss probability	0.97	0.99	-0.02
Calmar ratio Return relative to maximum drawdown	0.09	-0.25	+0.34
Martin ratio Return relative to average drawdown	0.18	-0.79	+0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RUB=X vs. SPYY.L - Sharpe Ratio Comparison

The current RUB=X Sharpe Ratio is -0.25, which is lower than the SPYY.L Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of RUB=X and SPYY.L, 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

	RUB=X	SPYY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	-0.15	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	-0.44	+0.73

Correlation

The correlation between RUB=X and SPYY.L is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

RUB=X vs. SPYY.L - Drawdown Comparison

The maximum RUB=X drawdown since its inception was -62.40%, which is greater than SPYY.L's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for RUB=X and SPYY.L.

Drawdown Indicators

	RUB=X	SPYY.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-17.71%	-44.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.07%	-14.91%	+0.84%
Max Drawdown (5Y) Largest decline over 5 years	-62.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.40%	—	—
Current Drawdown Current decline from peak	-41.92%	-14.91%	-27.01%
Average Drawdown Average peak-to-trough decline	-20.04%	-4.46%	-15.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	3.57%	+1.93%

Volatility

RUB=X vs. SPYY.L - Volatility Comparison

The current volatility for USD/RUB (RUB=X) is 6.71%, while IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) has a volatility of 8.46%. This indicates that RUB=X experiences smaller price fluctuations and is considered to be less risky than SPYY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RUB=X	SPYY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	8.46%	-1.75%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	13.60%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	22.57%	-6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.51%	24.29%	+5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	24.29%	-0.93%