YGLD.DE vs. ^SP600

Last updated Jul 16, 2026

YGLD.DE (IncomeShares Gold + Yield ETP) is Derivative Income fund actively managed by Leverage Shares, while ^SP600 (S&P 600) is an index. Over the past year, YGLD.DE returned 12.28% vs 33.01% for ^SP600. At a 0.08 correlation, their price movements are largely independent.

Performance

YGLD.DE vs. ^SP600 - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares Gold + Yield ETP (YGLD.DE) and S&P 600 (^SP600). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

YGLD.DE is traded in EUR, while ^SP600 is traded in USD. To make them comparable, the ^SP600 values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, YGLD.DE achieves a -11.22% return, which is significantly lower than ^SP600's 23.97% return.

YGLD.DE

• 1D: 0.00%
• 1M: -3.54%
• 6M: -16.11%
• YTD: -11.22%
• 1Y: 12.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

^SP600

• 1D: 0.04%
• 1M: 2.87%
• 6M: 16.20%
• YTD: 23.97%
• 1Y: 33.01%
• 3Y*: 12.04%
• 5Y*: 7.11%
• 10Y*: 8.72%

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

YGLD.DE vs. ^SP600 - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD.DE IncomeShares Gold + Yield ETP	-11.22%	41.94%	-7.11%
^SP600 S&P 600	23.97%	-8.14%	-3.35%

Correlation

The correlation between YGLD.DE and ^SP600 is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024	0.08

Return for Risk

YGLD.DE vs. ^SP600 — Risk / Return Rank

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

YGLD.DE

YGLD.DE Risk / Return Rank: 17
YGLD.DE Sharpe Ratio Rank: 16
YGLD.DE Sortino Ratio Rank: 16
YGLD.DE Omega Ratio Rank: 22
YGLD.DE Calmar Ratio Rank: 17
YGLD.DE Martin Ratio Rank: 16

^SP600

^SP600 Risk / Return Rank: 87
^SP600 Sharpe Ratio Rank: 84
^SP600 Sortino Ratio Rank: 88
^SP600 Omega Ratio Rank: 83
^SP600 Calmar Ratio Rank: 92
^SP600 Martin Ratio Rank: 89

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.

YGLD.DE vs. ^SP600 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP (YGLD.DE) and S&P 600 (^SP600). 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.

	YGLD.DE	^SP600	Difference
Sharpe ratio: Return per unit of total volatility	0.41	1.94	-1.54
Sortino ratio: Return per unit of downside risk	0.72	2.74	-2.02
Omega ratio: Gain probability vs. loss probability	1.13	1.34	-0.21
Calmar ratio: Return relative to maximum drawdown	0.57	4.74	-4.17
Martin ratio: Return relative to average drawdown	1.14	15.69	-14.56

YGLD.DE vs. ^SP600 - Sharpe Ratio Comparison

The current YGLD.DE Sharpe Ratio is 0.41, which is lower than the ^SP600 Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of YGLD.DE and ^SP600, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD.DE vs. ^SP600 - Drawdown Comparison

The maximum YGLD.DE drawdown since its inception was -21.47%, smaller than the maximum ^SP600 drawdown of -53.27%. Use the drawdown chart below to compare losses from any high point for YGLD.DE and ^SP600.

Drawdown Indicators

	YGLD.DE	^SP600	Difference
Max Drawdown Largest peak-to-trough decline	-21.47%	-53.27%	+31.80%
Max Drawdown (1Y) Largest decline over 1 year	-21.47%	-6.99%	-14.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.85%	—
Current Drawdown Current decline from peak	-20.68%	-1.94%	-18.74%
Average Drawdown Average peak-to-trough decline	-6.51%	-10.54%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.80%	2.11%	+8.69%

Volatility

YGLD.DE vs. ^SP600 - Volatility Comparison

IncomeShares Gold + Yield ETP (YGLD.DE) has a higher volatility of 5.37% compared to S&P 600 (^SP600) at 3.85%. This indicates that YGLD.DE's price experiences larger fluctuations and is considered to be riskier than ^SP600 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YGLD.DE	^SP600	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	3.85%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	18.21%	11.65%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	17.16%	+13.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.25%	21.00%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.25%	23.47%	+2.78%

Frequently Asked Questions

Can I hold both YGLD.DE and ^SP600 in my portfolio?

YGLD.DE and ^SP600 have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.