TSLI.L vs. AAPI.L
TSLI.L (IncomeShares Tesla TSLA Options ETP) and AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, TSLI.L returned -2.82% vs 19.10% for AAPI.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
TSLI.L vs. AAPI.L - Performance Comparison
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Different Trading Currencies
TSLI.L is traded in USD, while AAPI.L is traded in GBp. To make them comparable, the AAPI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSLI.L achieves a -26.31% return, which is significantly lower than AAPI.L's 8.02% return.
TSLI.L
- 1D
- 0.00%
- 1M
- -6.45%
- 6M
- -24.19%
- YTD
- -26.31%
- 1Y
- -2.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.47%
AAPI.L
- 1D
- 0.00%
- 1M
- 7.91%
- 6M
- 13.56%
- YTD
- 8.02%
- 1Y
- 19.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.55%
TSLI.L vs. AAPI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLI.L IncomeShares Tesla TSLA Options ETP | -26.31% | 15.61% | 21.48% |
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 8.02% | -6.39% | 12.45% |
Correlation
The correlation between TSLI.L and AAPI.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.29 |
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Return for Risk
TSLI.L vs. AAPI.L — Risk / Return Rank
TSLI.L
AAPI.L
TSLI.L vs. AAPI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Tesla TSLA Options ETP (TSLI.L) and IncomeShares Apple (AAPL) Options ETP GBP (AAPI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSLI.L | AAPI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.21 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.53 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.16 | 0.82 | -0.98 |
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Drawdowns
TSLI.L vs. AAPI.L - Drawdown Comparison
The maximum TSLI.L drawdown since its inception was -41.20%, which is greater than AAPI.L's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for TSLI.L and AAPI.L.
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Drawdown Indicators
| TSLI.L | AAPI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -36.20% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -36.20% | +2.51% |
Current DrawdownCurrent decline from peak | -30.91% | -18.66% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -17.55% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 23.42% | -6.01% |
Volatility
TSLI.L vs. AAPI.L - Volatility Comparison
IncomeShares Tesla TSLA Options ETP (TSLI.L) has a higher volatility of 13.42% compared to IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) at 9.33%. This indicates that TSLI.L's price experiences larger fluctuations and is considered to be riskier than AAPI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLI.L | AAPI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 9.33% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 28.13% | 17.58% | +10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.98% | 47.37% | -9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.08% | 40.21% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.08% | 40.21% | +3.87% |
TSLI.L vs. AAPI.L - Expense Ratio Comparison
Both TSLI.L and AAPI.L have an expense ratio of 0.55%.
Dividends
TSLI.L vs. AAPI.L - Dividend Comparison
TSLI.L's dividend yield for the trailing twelve months is around 33.99%, more than AAPI.L's 12.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 12.18% | 11.04% | 1.04% |
TSLI.L IncomeShares Tesla TSLA Options ETP | 33.99% | 55.94% | 5.04% |
Frequently Asked Questions
TSLI.L and AAPI.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TSLI.L and AAPI.L have the same expense ratio: 0.55% per year.
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