SPYO.L vs. SPX5.L
Compare and contrast key facts about IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) and SPDR S&P 500 UCITS ETF (SPX5.L).
SPYO.L and SPX5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYO.L is an actively managed fund by Leverage Shares. It was launched on Aug 27, 2024. SPX5.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Mar 19, 2012.
Performance
SPYO.L vs. SPX5.L - Performance Comparison
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SPYO.L vs. SPX5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | -13.02% | 8.13% | 0.31% |
SPX5.L SPDR S&P 500 UCITS ETF | -3.09% | 9.34% | 12.22% |
Different Trading Currencies
SPYO.L is traded in GBp, while SPX5.L is traded in GBP. To make them comparable, the SPX5.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYO.L achieves a -13.02% return, which is significantly lower than SPX5.L's -3.09% return.
SPYO.L
- 1D
- -4.42%
- 1M
- -6.41%
- YTD
- -13.02%
- 6M
- -9.29%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPX5.L
- 1D
- 1.55%
- 1M
- -3.25%
- YTD
- -3.09%
- 6M
- 0.19%
- 1Y
- 14.84%
- 3Y*
- 15.79%
- 5Y*
- 12.63%
- 10Y*
- 14.72%
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SPYO.L vs. SPX5.L - Expense Ratio Comparison
SPYO.L has a 0.45% expense ratio, which is higher than SPX5.L's 0.09% expense ratio.
Return for Risk
SPYO.L vs. SPX5.L — Risk / Return Rank
SPYO.L
SPX5.L
SPYO.L vs. SPX5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) and SPDR S&P 500 UCITS ETF (SPX5.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.
| SPYO.L | SPX5.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 0.98 | -1.07 |
Sortino ratioReturn per unit of downside risk | -0.01 | 1.42 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.06 | -2.16 |
Martin ratioReturn relative to average drawdown | -0.34 | 7.08 | -7.42 |
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
| SPYO.L | SPX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.98 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.98 | -1.22 |
Correlation
The correlation between SPYO.L and SPX5.L is 0.76, 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.
Dividends
SPYO.L vs. SPX5.L - Dividend Comparison
SPYO.L's dividend yield for the trailing twelve months is around 61.02%, more than SPX5.L's 1.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYO.L IncomeShares S&P500 Options (0DTE) ETP GBP | 61.02% | 84.42% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPX5.L SPDR S&P 500 UCITS ETF | 1.01% | 0.98% | 1.04% | 1.21% | 1.39% | 0.98% | 1.40% | 1.76% | 1.71% | 2.36% | 1.49% | 1.68% |
Drawdowns
SPYO.L vs. SPX5.L - Drawdown Comparison
The maximum SPYO.L drawdown since its inception was -17.68%, smaller than the maximum SPX5.L drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for SPYO.L and SPX5.L.
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Drawdown Indicators
| SPYO.L | SPX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -25.45% | +7.77% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -10.53% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.45% | — |
Current DrawdownCurrent decline from peak | -14.17% | -4.73% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -3.21% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 2.06% | +1.85% |
Volatility
SPYO.L vs. SPX5.L - Volatility Comparison
IncomeShares S&P500 Options (0DTE) ETP GBP (SPYO.L) has a higher volatility of 5.56% compared to SPDR S&P 500 UCITS ETF (SPX5.L) at 3.77%. This indicates that SPYO.L's price experiences larger fluctuations and is considered to be riskier than SPX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYO.L | SPX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 3.77% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 8.29% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 15.11% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 14.29% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.66% | 15.55% | -0.89% |