3AAP.L vs. COII.L
3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) and COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) are both exchange-traded funds - 3AAP.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index, while COII.L is a Derivative Income fund actively managed by Leverage Shares. 3AAP.L is passively managed, while COII.L is actively managed. Over the past year, 3AAP.L returned 162.50% vs -65.82% for COII.L. At a 0.19 correlation, their price movements are largely independent. 3AAP.L charges 0.75%/yr vs 0.55%/yr for COII.L.
Performance
3AAP.L vs. COII.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 COII.L's -44.56% 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*
- —
COII.L
- 1D
- -0.71%
- 1M
- -12.47%
- YTD
- -44.56%
- 6M
- -52.15%
- 1Y
- -65.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3AAP.L vs. COII.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 29.86% | -28.23% | 38.71% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.56% | -47.27% | 15.90% |
Correlation
The correlation between 3AAP.L and COII.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.19 |
The correlation between 3AAP.L and COII.L shifts across timeframes, from 0.07 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3AAP.L vs. COII.L — Risk / Return Rank
3AAP.L
COII.L
3AAP.L vs. COII.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 IncomeShares Coinbase (COIN) Options ETP GBP (COII.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 | COII.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.77 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | -0.88 | +4.52 |
| Martin ratioReturn relative to average drawdown | 7.15 | -1.34 | +8.49 |
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 | COII.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | -1.09 | +2.73 |
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 | -0.81 | +1.22 |
Drawdowns
3AAP.L vs. COII.L - Drawdown Comparison
The maximum 3AAP.L drawdown since its inception was -75.66%, roughly equal to the maximum COII.L drawdown of -76.00%. Use the drawdown chart below to compare losses from any high point for 3AAP.L and COII.L.
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Drawdown Indicators
| 3AAP.L | COII.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -76.00% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -44.36% | -74.77% | +30.41% |
Max Drawdown (3Y)Largest decline over 3 years | -73.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.66% | — | — |
Current DrawdownCurrent decline from peak | -9.32% | -75.01% | +65.69% |
Average DrawdownAverage peak-to-trough decline | -34.84% | -34.14% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.63% | 49.16% | -26.53% |
Volatility
3AAP.L vs. COII.L - Volatility Comparison
Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) and IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) have volatilities of 15.65% and 16.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AAP.L | COII.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.65% | 16.24% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 49.09% | 41.47% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.77% | 60.26% | +38.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.95% | 58.71% | +28.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.95% | 58.71% | +30.24% |
3AAP.L vs. COII.L - Expense Ratio Comparison
3AAP.L has a 0.75% expense ratio, which is higher than COII.L's 0.55% expense ratio.
Dividends
3AAP.L vs. COII.L - Dividend Comparison
3AAP.L has not paid dividends to shareholders, while COII.L's dividend yield for the trailing twelve months is around 105.73%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 0.00% | 0.00% | 0.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 105.73% | 191.72% | 18.99% |
Frequently Asked Questions
3AAP.L and COII.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COII.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COII.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3AAP.L.
3AAP.L is categorized as Leveraged Equities, while COII.L is Derivative Income. Their fees differ too: 0.75% for 3AAP.L and 0.55% for COII.L.
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