IncomeShares ETPs Now on Deutsche Börse Xetra

IncomeShares by Leverage Shares

Author

Jonathan Hobbs, CFA

Date

17 Mar 2025

Category

Market Insights

How Have IncomeShares Covered Call Strategies Performed?

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Since launching in July and September 2024, our single-stock IncomeShares options ETPs have implemented covered call strategies on eight US growth stocks. This strategy involves holding the underlying stock while selling “out-of-the-money” call options. The aim is to generate monthly income while maintaining upside exposure up to the option strike price.  


Now that we have several months of performance data, how have these strategies performed compared to the underlying stocks? 

What do these returns represent? 

The charts below show the total returns across the eight stocks since inception until the first trading day of March. These returns reflect: 

  • Distribution yield paid to investors in the form of option premium income. 
  • Changes in the ETP’s NAV. This reflects the impact of the covered call strategy and may include potential NAV erosion

Each chart below provides a breakdown of IncomeShares ETP performance vs. the underlying stock. 

Performance breakdown by stock 

METY (Meta), AMZI (Amazon), AAPY (Apple), and GOOI (Alphabet) have delivered positive total returns, outperforming their underlying stocks. 

NVDI (NVIDIA) and MSFY (Microsoft) have seen smaller drawdowns than their underlying stocks. 

COIY (Coinbase) and TSLI (Tesla) have underperformed their underlying stocks over this period. 

Past performance is not indicative of future results. Read our guide to understand how covered call options ETPs may perform in different markets. 

Key takeaways 

  • Four IncomeShares ETPs (METY, AMZI, AAPY, GOOI) outperformed their underlying stocks, benefiting from option income and stable stock prices. 
  • NVDI and MSFY saw smaller losses than their underlying stocks, showing the downside protection potential of covered call strategies. 
  • COIY and TSLI underperformed their underlying stocks, illustrating the potential trade-off between income generation and upside participation. 

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

Related Products:

Strategy

Covered Call

Distribution Yield

80.17%

Strategy

Covered Call

Distribution Yield

17.03%

Strategy

Covered Call

Distribution Yield

11.48%

Strategy

Covered Call

Distribution Yield

23.99%

Strategy

Covered Call

Distribution Yield

117.88%

This is a marketing communication. Prospective investors should refer to the Exchange Traded Product (“ETP”) Prospectus and Key Investor Information Document (“KIID”) before making any investment decisions.

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The information on this website does not constitute legal, financial, or investment advice. It should not be considered an offer to sell or a solicitation to buy any security, including shares of any ETP promoted here, or other financial instruments, products, or services offered by Leverage Shares or its distributors (“Leverage Shares”).

Investment Advices Client Services

Leverage Shares constructs and issues ETPs but does not provide services to private investors, nor does it accept client funds directly. Leverage Shares’ services are exclusively available to professional clients, as defined in this website’s Terms and Conditions. Private investors should consult their personal advisor, broker, or bank for investment or trading inquiries. For technical questions regarding our ETPs, please contact us directly.

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Any investment in promoted ETPs should be based on the official sales Prospectus, the relevant Supplement, and the KIID, which outline the applicable terms and conditions.

Investment Risks

Investments in ETPs are subject to risk, including potential loss of principal. The value of investments may fluctuate, and investors may not recover the amount originally invested. Past performance is not indicative of future results and should not be the sole factor considered in selecting a product. Investors should carefully consider their investment objectives, risks, charges, and expenses before investing.

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The Prospectus, KIID, and other relevant documentation are available free of charge on this website, and upon request via email. Please note that except for KIIDs, documents are generally available in English and selected other languages.

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Retail clients should not rely on information provided here and are encouraged to seek guidance from a qualified IFA.

Not Insured — No Bank Guarantee — May Lose Value

This is a marketing communication. Please refer to the Prospectus of the ETPs and to the KIID before making any final investment decisions.

This information originates from Investium Limited, which has been appointed as distributor of Leverage Shares products in Europe by Leverage Shares Management Company Limited (the “Arranger”). Investium Limited with registered address at 6 Nikou Georgiou Street, Office 302, 1095 Nicosia Cyprus, is a financial services provider regulated by the Cyprus Securities and Exchange Commission (CySEC).

The information is intended only to provide general and preliminary information to investors and shall not be construed as investment, legal or tax advice. Investium Limited and the Arranger (together referred as “Leverage Shares”) assume no liability with regards to any investment, divestment or retention decision taken by the investor on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of Leverage Shares. Opinions are current as of the publication date and are subject to change with market conditions. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed.

All performance information is based on historical data and does not predict future returns. Investing is subject to risk, including the possible loss of principal. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Leverage Shares.

© Leverage Shares 2025