SPYY.L vs. AMZD.L
SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) and AMZD.L (IncomeShares Amazon (AMZN) Options ETP GBP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, SPYY.L returned 10.70% vs 4.34% for AMZD.L. A 0.51 correlation means they provide meaningful diversification when combined. SPYY.L charges 0.45%/yr vs 0.55%/yr for AMZD.L.
Performance
SPYY.L vs. AMZD.L - Performance Comparison
Loading charts...
Different Trading Currencies
SPYY.L is traded in USD, while AMZD.L is traded in GBp. To make them comparable, the AMZD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYY.L achieves a -3.36% return, which is significantly higher than AMZD.L's -4.46% return.
SPYY.L
- 1D
- -0.10%
- 1M
- 2.88%
- YTD
- -3.36%
- 6M
- -2.52%
- 1Y
- 10.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZD.L
- 1D
- 2.34%
- 1M
- -6.15%
- YTD
- -4.46%
- 6M
- -1.50%
- 1Y
- 4.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYY.L vs. AMZD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -3.36% | 16.00% | -7.06% |
AMZD.L IncomeShares Amazon (AMZN) Options ETP GBP | -4.46% | 4.58% | 14.80% |
Correlation
The correlation between SPYY.L and AMZD.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 | 0.51 |
The correlation between SPYY.L and AMZD.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYY.L vs. AMZD.L — Risk / Return Rank
SPYY.L
AMZD.L
SPYY.L vs. AMZD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) and IncomeShares Amazon (AMZN) Options ETP GBP (AMZD.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.
| SPYY.L | AMZD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.16 | +0.56 |
| Martin ratioReturn relative to average drawdown | 2.23 | 0.36 | +1.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYY.L | AMZD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.15 | +0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.30 | -0.04 |
Drawdowns
SPYY.L vs. AMZD.L - Drawdown Comparison
The maximum SPYY.L drawdown since its inception was -17.71%, smaller than the maximum AMZD.L drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for SPYY.L and AMZD.L.
Loading charts...
Drawdown Indicators
| SPYY.L | AMZD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -27.67% | +9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -27.67% | +12.76% |
Current DrawdownCurrent decline from peak | -4.42% | -11.21% | +6.79% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -8.91% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 11.88% | -7.09% |
Volatility
SPYY.L vs. AMZD.L - Volatility Comparison
The current volatility for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) is 2.78%, while IncomeShares Amazon (AMZN) Options ETP GBP (AMZD.L) has a volatility of 8.79%. This indicates that SPYY.L experiences smaller price fluctuations and is considered to be less risky than AMZD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYY.L | AMZD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 8.79% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 22.40% | -12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 28.24% | -15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 28.29% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 28.29% | -13.82% |
SPYY.L vs. AMZD.L - Expense Ratio Comparison
SPYY.L has a 0.45% expense ratio, which is lower than AMZD.L's 0.55% expense ratio.
Dividends
SPYY.L vs. AMZD.L - Dividend Comparison
SPYY.L's dividend yield for the trailing twelve months is around 34.35%, more than AMZD.L's 15.80% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMZD.L IncomeShares Amazon (AMZN) Options ETP GBP | 15.80% | 14.03% | 2.37% |
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | 34.35% | 82.07% | 2.84% |
Frequently Asked Questions
SPYY.L and AMZD.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 AMZD.L.
Their fees differ too: 0.45% for SPYY.L and 0.55% for AMZD.L.
Find the right allocation for SPYY.L and AMZD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer