SPYY.L vs. RUB=X
SPYY.L (IncomeShares S&P500 Options (0DTE) ETP) is Derivative Income fund actively managed by Leverage Shares, while RUB=X (USD/RUB) is a currency. Over the past year, SPYY.L returned 10.70% vs 0.25% for RUB=X. At a correlation of -0.02, they often move in opposite directions.
Performance
SPYY.L vs. RUB=X - Performance Comparison
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Different Trading Currencies
SPYY.L is traded in USD, while RUB=X is traded in RUB. To make them comparable, the RUB=X 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 lower than RUB=X's 0.11% return.
SPYY.L
- 1D
- -0.10%
- 1M
- 2.88%
- YTD
- -3.36%
- 6M
- -2.52%
- 1Y
- 10.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RUB=X
- 1D
- 0.24%
- 1M
- 0.21%
- YTD
- 0.11%
- 6M
- 0.22%
- 1Y
- 0.25%
- 3Y*
- 0.13%
- 5Y*
- 0.04%
- 10Y*
- 0.04%
SPYY.L vs. RUB=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYY.L IncomeShares S&P500 Options (0DTE) ETP | -3.36% | 16.00% | -4.69% |
RUB=X USD/RUB | 0.11% | 0.26% | -0.10% |
Correlation
The correlation between SPYY.L and RUB=X is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2024 | -0.02 |
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Return for Risk
SPYY.L vs. RUB=X — Risk / Return Rank
SPYY.L
RUB=X
SPYY.L vs. RUB=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) and USD/RUB (RUB=X). 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 | RUB=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.02 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.05 | +0.66 |
| Martin ratioReturn relative to average drawdown | 2.23 | 0.12 | +2.11 |
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
| SPYY.L | RUB=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.02 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.00 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.00 | +0.26 |
Drawdowns
SPYY.L vs. RUB=X - Drawdown Comparison
The maximum SPYY.L drawdown since its inception was -17.71%, smaller than the maximum RUB=X drawdown of -41.64%. Use the drawdown chart below to compare losses from any high point for SPYY.L and RUB=X.
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Drawdown Indicators
| SPYY.L | RUB=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -41.64% | +23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -3.85% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.64% | — |
Current DrawdownCurrent decline from peak | -4.42% | -38.86% | +34.44% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -10.91% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 1.15% | +3.64% |
Volatility
SPYY.L vs. RUB=X - Volatility Comparison
The current volatility for IncomeShares S&P500 Options (0DTE) ETP (SPYY.L) is 2.78%, while USD/RUB (RUB=X) has a volatility of 3.64%. This indicates that SPYY.L experiences smaller price fluctuations and is considered to be less risky than RUB=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYY.L | RUB=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.64% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 5.49% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 9.01% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 35.69% | -21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 25.73% | -11.26% |
Frequently Asked Questions
SPYY.L and RUB=X have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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