3AMD.L vs. 3AAP.L
3AMD.L (Leverage Shares 3x AMD ETC GBP) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3AMD.L tracks the iSTOXX Leveraged 3x AMD Index while 3AAP.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 3 years, 3AMD.L returned 51.93%/yr vs 19.08%/yr for 3AAP.L. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMD.L vs. 3AAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AMD.L achieves a 658.07% return, which is significantly higher than 3AAP.L's 31.14% return.
3AMD.L
- 1D
- 11.54%
- 1M
- 184.55%
- YTD
- 658.07%
- 6M
- 604.25%
- 1Y
- 2,384.13%
- 3Y*
- 51.93%
- 5Y*
- —
- 10Y*
- —
3AAP.L
- 1D
- -0.91%
- 1M
- 31.94%
- YTD
- 31.14%
- 6M
- 10.42%
- 1Y
- 170.24%
- 3Y*
- 19.08%
- 5Y*
- 24.38%
- 10Y*
- —
3AMD.L vs. 3AAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3AMD.L Leverage Shares 3x AMD ETC GBP | 658.07% | 53.77% | -76.38% | 448.82% | -97.41% | 265.31% |
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 31.14% | -28.23% | 70.02% | 151.70% | -73.70% | 127.75% |
Correlation
The correlation between 3AMD.L and 3AAP.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.37 |
The correlation between 3AMD.L and 3AAP.L shifts across timeframes, from 0.18 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3AMD.L vs. 3AAP.L — Risk / Return Rank
3AMD.L
3AAP.L
3AMD.L vs. 3AAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x AMD ETC GBP (3AMD.L) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.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.
| 3AMD.L | 3AAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.37 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 30.82 | 3.81 | +27.01 |
| Martin ratioReturn relative to average drawdown | 56.95 | 7.49 | +49.46 |
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
| 3AMD.L | 3AAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 12.48 | 1.71 | +10.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.42 | -0.37 |
Drawdowns
3AMD.L vs. 3AAP.L - Drawdown Comparison
The maximum 3AMD.L drawdown since its inception was -99.50%, which is greater than 3AAP.L's maximum drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for 3AMD.L and 3AAP.L.
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Drawdown Indicators
| 3AMD.L | 3AAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.50% | -75.66% | -23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -76.34% | -44.36% | -31.98% |
Max Drawdown (3Y)Largest decline over 3 years | -97.93% | -73.42% | -24.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.66% | — |
Current DrawdownCurrent decline from peak | -71.32% | -8.43% | -62.89% |
Average DrawdownAverage peak-to-trough decline | -84.94% | -34.86% | -50.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.40% | 22.63% | +18.77% |
Volatility
3AMD.L vs. 3AAP.L - Volatility Comparison
Leverage Shares 3x AMD ETC GBP (3AMD.L) has a higher volatility of 68.82% compared to Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) at 16.17%. This indicates that 3AMD.L's price experiences larger fluctuations and is considered to be riskier than 3AAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AMD.L | 3AAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.82% | 16.17% | +52.65% |
Volatility (6M)Calculated over the trailing 6-month period | 134.33% | 49.10% | +85.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 188.76% | 98.79% | +89.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 158.33% | 86.96% | +71.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 158.33% | 88.98% | +69.35% |
3AMD.L vs. 3AAP.L - Expense Ratio Comparison
Both 3AMD.L and 3AAP.L have an expense ratio of 0.75%.
Dividends
3AMD.L vs. 3AAP.L - Dividend Comparison
Neither 3AMD.L nor 3AAP.L has paid dividends to shareholders.
Frequently Asked Questions
3AMD.L and 3AAP.L have a correlation of 0.18, 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.
3AMD.L and 3AAP.L have the same expense ratio: 0.75% per year.
3AMD.L tracks iSTOXX Leveraged 3x AMD Index, while 3AAP.L tracks iSTOXX Leveraged 3X AAPL Index.
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