3AAP.L vs. 3BID.L
3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) and 3BID.L (Leverage Shares 3x Baidu ETC GBP) are both Leveraged Equities funds from Leverage Shares - 3AAP.L tracks the iSTOXX Leveraged 3X AAPL Index while 3BID.L tracks the Solactive Leveraged 3x BIDU Index. Both are passively managed. Over the past 3 years, 3AAP.L returned 16.18%/yr vs -52.39%/yr for 3BID.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AAP.L vs. 3BID.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AAP.L achieves a 29.86% return, which is significantly higher than 3BID.L's -29.92% return.
3AAP.L
- 1D
- -0.98%
- 1M
- 34.96%
- YTD
- 29.86%
- 6M
- 16.84%
- 1Y
- 162.50%
- 3Y*
- 16.18%
- 5Y*
- 24.14%
- 10Y*
- —
3BID.L
- 1D
- -5.04%
- 1M
- 4.03%
- YTD
- -29.92%
- 6M
- -6.51%
- 1Y
- 63.77%
- 3Y*
- -52.39%
- 5Y*
- —
- 10Y*
- —
3AAP.L vs. 3BID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 29.86% | -28.23% | 70.02% | 151.70% | -73.70% | 148.82% |
3BID.L Leverage Shares 3x Baidu ETC GBP | -29.92% | 54.89% | -80.82% | -49.94% | -88.69% | -61.82% |
Correlation
The correlation between 3AAP.L and 3BID.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.22 |
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Return for Risk
3AAP.L vs. 3BID.L — Risk / Return Rank
3AAP.L
3BID.L
3AAP.L vs. 3BID.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) and Leverage Shares 3x Baidu ETC GBP (3BID.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.
| 3AAP.L | 3BID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 0.85 | +2.79 |
| Martin ratioReturn relative to average drawdown | 7.15 | 1.49 | +5.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3AAP.L | 3BID.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 0.46 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.45 | +0.86 |
Drawdowns
3AAP.L vs. 3BID.L - Drawdown Comparison
The maximum 3AAP.L drawdown since its inception was -75.66%, smaller than the maximum 3BID.L drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for 3AAP.L and 3BID.L.
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Drawdown Indicators
| 3AAP.L | 3BID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -99.84% | +24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -44.36% | -74.41% | +30.05% |
Max Drawdown (3Y)Largest decline over 3 years | -73.42% | -96.25% | +22.83% |
Max Drawdown (5Y)Largest decline over 5 years | -75.66% | — | — |
Current DrawdownCurrent decline from peak | -9.32% | -99.68% | +90.36% |
Average DrawdownAverage peak-to-trough decline | -34.84% | -91.43% | +56.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.63% | 42.73% | -20.10% |
Volatility
3AAP.L vs. 3BID.L - Volatility Comparison
The current volatility for Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) is 15.65%, while Leverage Shares 3x Baidu ETC GBP (3BID.L) has a volatility of 55.32%. This indicates that 3AAP.L experiences smaller price fluctuations and is considered to be less risky than 3BID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AAP.L | 3BID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.65% | 55.32% | -39.67% |
Volatility (6M)Calculated over the trailing 6-month period | 49.09% | 100.16% | -51.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.77% | 139.35% | -40.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.95% | 147.39% | -60.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.95% | 147.39% | -58.44% |
3AAP.L vs. 3BID.L - Expense Ratio Comparison
Both 3AAP.L and 3BID.L have an expense ratio of 0.75%.
Dividends
3AAP.L vs. 3BID.L - Dividend Comparison
Neither 3AAP.L nor 3BID.L has paid dividends to shareholders.
Frequently Asked Questions
3AAP.L and 3BID.L have a correlation of 0.13, 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 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3AAP.L and 3BID.L have the same expense ratio: 0.75% per year.
3AAP.L tracks iSTOXX Leveraged 3X AAPL Index, while 3BID.L tracks Solactive Leveraged 3x BIDU Index.
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