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Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) Sharpe Ratio: 1.64

ETF · Currency in GBp · Last updated Jun 5, 2026

The Leverage Shares 3x Apple ETP Securities aims to provide 3x the daily return of Apple, Inc. stock by investing directly in the stock and using margin to purchase additional shares, adjusted for fees and costs of maintaining leverage.

3AAP.L's Sharpe Ratio of 1.64 indicates that for each unit of volatility, it generates 1.64 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

3AAP.L Sharpe Ratio Rank

3AAP.L Sharpe Ratio Rank: 48.048
Average

3AAP.L ranks above 48.0% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

3AAP.L Sharpe Ratio Market Positioning

The chart shows 3AAP.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.73+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares Leverage Shares 3x Apple ETP Securities GBP's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how 3AAP.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
2MU.LLeverage Shares 2x Micron Technology ETC GBP42.49
SOXL.LLeverage Shares 4x Long Semiconductors ETP Securities15.90
3KOR.LLeverage Shares 3x Long South Korea ETP Securities12.65
3AMD.LLeverage Shares 3x AMD ETC GBP11.54
AMD3.LLeverage Shares 3x AMD ETP Securities11.34
SMH3.LLeverage Shares 3x Long Semiconductors ETP Securities9.41
2AMD.LLeverage Shares 2x Advanced Micro Devices ETC GBP8.89
3GOO.LLeverage Shares 3x Alphabet ETC GBP7.23
3GOE.LLeverage Shares 3x Alphabet ETP Scs6.77
2GOO.LLeverage Shares 2x Alphabet ETC A GBP5.57
3AAP.LLeverage Shares 3x Apple ETP Securities GBP1.64

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows 3AAP.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when 3AAP.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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