YMSF.DE vs. ONVD.DE

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE).

YMSF.DE and ONVD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMSF.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024. ONVD.DE is an actively managed fund by Leverage Shares. It was launched on Nov 15, 2024.

Performance

YMSF.DE vs. ONVD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE). The values are adjusted to include any dividend payments, if applicable.

YMSF.DE vs. ONVD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	-26.34%	-1.48%	2.79%
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	-13.99%	-22.38%	0.81%

Returns By Period

In the year-to-date period, YMSF.DE achieves a -26.34% return, which is significantly lower than ONVD.DE's -13.99% return.

YMSF.DE

• 1D: -1.15%
• 1M: -6.81%
• YTD: -26.34%
• 6M: -29.08%
• 1Y: -17.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ONVD.DE

• 1D: -1.25%
• 1M: -2.79%
• YTD: -13.99%
• 6M: -18.44%
• 1Y: -9.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YMSF.DE vs. ONVD.DE - Expense Ratio Comparison

Both YMSF.DE and ONVD.DE have an expense ratio of 0.55%.

YMSF.DE

IncomeShares Microsoft (MSFT) Options ETP

ONVD.DE

IncomeShares NVIDIA (NVDA) Options ETP

Return for Risk

YMSF.DE vs. ONVD.DE — Risk / Return Rank

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

YMSF.DE

YMSF.DE Risk / Return Rank: 4
YMSF.DE Sharpe Ratio Rank: 4
YMSF.DE Sortino Ratio Rank: 4
YMSF.DE Omega Ratio Rank: 3
YMSF.DE Calmar Ratio Rank: 6
YMSF.DE Martin Ratio Rank: 6

ONVD.DE

ONVD.DE Risk / Return Rank: 8
ONVD.DE Sharpe Ratio Rank: 8
ONVD.DE Sortino Ratio Rank: 9
ONVD.DE Omega Ratio Rank: 9
ONVD.DE Calmar Ratio Rank: 7
ONVD.DE Martin Ratio Rank: 7

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.

YMSF.DE vs. ONVD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) and IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE). 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.

	YMSF.DE	ONVD.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.55	-0.22	-0.33
Sortino ratio Return per unit of downside risk	-0.63	-0.03	-0.60
Omega ratio Gain probability vs. loss probability	0.91	1.00	-0.09
Calmar ratio Return relative to maximum drawdown	-0.33	-0.31	-0.03
Martin ratio Return relative to average drawdown	-0.74	-0.61	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMSF.DE vs. ONVD.DE - Sharpe Ratio Comparison

The current YMSF.DE Sharpe Ratio is -0.55, which is lower than the ONVD.DE Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of YMSF.DE and ONVD.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YMSF.DE	ONVD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	-0.22	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	-0.53	-0.13

Correlation

The correlation between YMSF.DE and ONVD.DE is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YMSF.DE vs. ONVD.DE - Dividend Comparison

YMSF.DE's dividend yield for the trailing twelve months is around 8.56%, while ONVD.DE has not paid dividends to shareholders.

	TTM	2025	2024
YMSF.DE IncomeShares Microsoft (MSFT) Options ETP	8.56%	7.16%	0.00%
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	0.00%	3.72%	6.24%

Drawdowns

YMSF.DE vs. ONVD.DE - Drawdown Comparison

The maximum YMSF.DE drawdown since its inception was -41.28%, smaller than the maximum ONVD.DE drawdown of -44.31%. Use the drawdown chart below to compare losses from any high point for YMSF.DE and ONVD.DE.

Drawdown Indicators

	YMSF.DE	ONVD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.28%	-44.31%	+3.03%
Max Drawdown (1Y) Largest decline over 1 year	-41.28%	-32.56%	-8.72%
Current Drawdown Current decline from peak	-41.12%	-37.99%	-3.13%
Average Drawdown Average peak-to-trough decline	-13.85%	-24.53%	+10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.53%	16.46%	+2.07%

Volatility

YMSF.DE vs. ONVD.DE - Volatility Comparison

The current volatility for IncomeShares Microsoft (MSFT) Options ETP (YMSF.DE) is 4.72%, while IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) has a volatility of 6.83%. This indicates that YMSF.DE experiences smaller price fluctuations and is considered to be less risky than ONVD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMSF.DE	ONVD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	6.83%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	26.64%	31.87%	-5.23%
Volatility (1Y) Calculated over the trailing 1-year period	31.11%	43.25%	-12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.33%	47.77%	-18.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.33%	47.77%	-18.44%