3AAP.L vs. GLDI.L
3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - 3AAP.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. 3AAP.L is passively managed, while GLDI.L is actively managed. Over the past year, 3AAP.L returned 162.50% vs 28.00% for GLDI.L. At a correlation of -0.06, they often move in opposite directions. 3AAP.L charges 0.75%/yr vs 0.35%/yr for GLDI.L.
Performance
3AAP.L vs. GLDI.L - Performance Comparison
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Different Trading Currencies
3AAP.L is traded in GBp, while GLDI.L is traded in USD. To make them comparable, the GLDI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3AAP.L achieves a 29.86% return, which is significantly higher than GLDI.L's -0.40% 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*
- —
GLDI.L
- 1D
- -0.21%
- 1M
- -1.84%
- YTD
- -0.40%
- 6M
- 0.26%
- 1Y
- 28.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3AAP.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 29.86% | -28.23% | 27.98% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.40% | 49.56% | 9.54% |
Correlation
The correlation between 3AAP.L and GLDI.L is 0.00, 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | -0.06 |
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Return for Risk
3AAP.L vs. GLDI.L — Risk / Return Rank
3AAP.L
GLDI.L
3AAP.L vs. GLDI.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 Gold+ Yield ETP (GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.68 | +1.97 |
| Martin ratioReturn relative to average drawdown | 7.15 | 4.40 | +2.75 |
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 | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.30 | +0.34 |
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 | 1.64 | -1.23 |
Drawdowns
3AAP.L vs. GLDI.L - Drawdown Comparison
The maximum 3AAP.L drawdown since its inception was -75.66%, which is greater than GLDI.L's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for 3AAP.L and GLDI.L.
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Drawdown Indicators
| 3AAP.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -16.64% | -59.02% |
Max Drawdown (1Y)Largest decline over 1 year | -44.36% | -16.64% | -27.72% |
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% | -15.20% | +5.88% |
Average DrawdownAverage peak-to-trough decline | -34.84% | -3.08% | -31.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.63% | 6.35% | +16.28% |
Volatility
3AAP.L vs. GLDI.L - Volatility Comparison
Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) has a higher volatility of 15.65% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.57%. This indicates that 3AAP.L's price experiences larger fluctuations and is considered to be riskier than GLDI.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 | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.65% | 4.57% | +11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 49.09% | 18.19% | +30.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.77% | 21.50% | +77.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.95% | 18.28% | +68.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.95% | 18.28% | +70.67% |
3AAP.L vs. GLDI.L - Expense Ratio Comparison
3AAP.L has a 0.75% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
3AAP.L vs. GLDI.L - Dividend Comparison
3AAP.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 12.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 0.00% | 0.00% | 0.00% |
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
Frequently Asked Questions
3AAP.L and GLDI.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.75% for 3AAP.L.
3AAP.L is categorized as Leveraged Equities, while GLDI.L is Derivative Income. Their fees differ too: 0.75% for 3AAP.L and 0.35% for GLDI.L.
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