3AME.L vs. 3APE.L
3AME.L (Leverage Shares 3x Amazon ETC EUR) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds from Leverage Shares - 3AME.L tracks the iSTOXX Leveraged 3X AMZN Index while 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 5 years, 3AME.L returned -25.72%/yr vs 14.47%/yr for 3APE.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AME.L vs. 3APE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3AME.L achieves a 8.68% return, which is significantly lower than 3APE.L's 45.42% return.
3AME.L
- 1D
- -0.12%
- 1M
- 6.13%
- 6M
- 0.37%
- YTD
- 8.68%
- 1Y
- -3.55%
- 3Y*
- 20.69%
- 5Y*
- -25.72%
- 10Y*
- —
3APE.L
- 1D
- 10.40%
- 1M
- 26.32%
- 6M
- 65.81%
- YTD
- 45.42%
- 1Y
- 174.25%
- 3Y*
- 18.97%
- 5Y*
- 14.47%
- 10Y*
- —
3AME.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3AME.L Leverage Shares 3x Amazon ETC EUR | 8.68% | -41.30% | 120.76% | 275.32% | -94.50% | -6.26% | 71.17% |
3APE.L Leverage Shares 3x Apple ETC EUR | 45.42% | -31.84% | 78.10% | 157.67% | -74.17% | 100.95% | 218.78% |
Correlation
The correlation between 3AME.L and 3APE.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.49 |
Over the past year, the correlation between 3AME.L and 3APE.L has dropped to 0.22 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
3AME.L vs. 3APE.L — Risk / Return Rank
3AME.L
3APE.L
3AME.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 3AME.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.35 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 4.06 | -4.12 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.93 | -9.04 |
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Drawdowns
3AME.L vs. 3APE.L - Drawdown Comparison
The maximum 3AME.L drawdown since its inception was -96.64%, which is greater than 3APE.L's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for 3AME.L and 3APE.L.
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Drawdown Indicators
| 3AME.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -76.86% | -19.78% |
Max Drawdown (1Y)Largest decline over 1 year | -59.72% | -41.29% | -18.43% |
Max Drawdown (3Y)Largest decline over 3 years | -73.01% | -73.89% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -96.25% | -76.86% | -19.39% |
Current DrawdownCurrent decline from peak | -81.63% | -3.65% | -77.98% |
Average DrawdownAverage peak-to-trough decline | -68.95% | -35.46% | -33.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.08% | 18.76% | +12.32% |
Volatility
3AME.L vs. 3APE.L - Volatility Comparison
Leverage Shares 3x Amazon ETC EUR (3AME.L) and Leverage Shares 3x Apple ETC EUR (3APE.L) have volatilities of 31.29% and 31.01%, 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
| 3AME.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.29% | 31.01% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 75.56% | 60.58% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.52% | 78.32% | +17.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.86% | 80.57% | +22.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.86% | 83.30% | +17.56% |
3AME.L vs. 3APE.L - Expense Ratio Comparison
Both 3AME.L and 3APE.L have an expense ratio of 0.75%.
Dividends
3AME.L vs. 3APE.L - Dividend Comparison
Neither 3AME.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
3AME.L and 3APE.L have a correlation of 0.22, 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.
3AME.L and 3APE.L have the same expense ratio: 0.75% per year.
3AME.L tracks iSTOXX Leveraged 3X AMZN Index, while 3APE.L tracks iSTOXX Leveraged 3X AAPL Index.
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