3AMZ.L vs. 3APE.L
3AMZ.L (Leverage Shares 3x Amazon ETC) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds from Leverage Shares - 3AMZ.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, 3AMZ.L returned -25.55%/yr vs 15.39%/yr for 3APE.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3AMZ.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
3AMZ.L is traded in USD, while 3APE.L is traded in EUR. To make them comparable, the 3APE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3AMZ.L achieves a -6.58% return, which is significantly lower than 3APE.L's 13.69% return.
3AMZ.L
- 1D
- 0.00%
- 1M
- -24.99%
- YTD
- -6.58%
- 6M
- -6.76%
- 1Y
- -4.68%
- 3Y*
- 17.25%
- 5Y*
- -25.55%
- 10Y*
- —
3APE.L
- 1D
- 0.00%
- 1M
- -13.89%
- YTD
- 13.69%
- 6M
- 14.19%
- 1Y
- 137.93%
- 3Y*
- 13.11%
- 5Y*
- 15.39%
- 10Y*
- —
3AMZ.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3AMZ.L Leverage Shares 3x Amazon ETC | -6.58% | -38.43% | 110.82% | 268.28% | -94.30% | -10.77% | 70.75% |
3APE.L Leverage Shares 3x Apple ETC EUR | 13.69% | -22.68% | 67.09% | 165.81% | -75.72% | 87.26% | 243.47% |
Correlation
The correlation between 3AMZ.L and 3APE.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
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 3AMZ.L and 3APE.L has dropped to 0.20 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
3AMZ.L vs. 3APE.L — Risk / Return Rank
3AMZ.L
3APE.L
3AMZ.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Amazon ETC (3AMZ.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.
| 3AMZ.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.30 | -3.38 |
| Martin ratioReturn relative to average drawdown | -0.16 | 7.53 | -7.68 |
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Drawdowns
3AMZ.L vs. 3APE.L - Drawdown Comparison
The maximum 3AMZ.L drawdown since its inception was -96.67%, which is greater than 3APE.L's maximum drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for 3AMZ.L and 3APE.L.
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Drawdown Indicators
| 3AMZ.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -78.44% | -18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -60.08% | -41.80% | -18.28% |
Max Drawdown (3Y)Largest decline over 3 years | -71.75% | -72.59% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -96.31% | -78.44% | -17.87% |
Current DrawdownCurrent decline from peak | -84.57% | -15.31% | -69.26% |
Average DrawdownAverage peak-to-trough decline | -69.67% | -35.70% | -33.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.07% | 18.32% | +11.75% |
Volatility
3AMZ.L vs. 3APE.L - Volatility Comparison
Leverage Shares 3x Amazon ETC (3AMZ.L) has a higher volatility of 30.49% compared to Leverage Shares 3x Apple ETC EUR (3APE.L) at 25.65%. This indicates that 3AMZ.L's price experiences larger fluctuations and is considered to be riskier than 3APE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3AMZ.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.49% | 25.65% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 74.39% | 53.92% | +20.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.43% | 75.61% | +27.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.19% | 80.62% | +23.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.15% | 83.62% | +18.53% |
3AMZ.L vs. 3APE.L - Expense Ratio Comparison
Both 3AMZ.L and 3APE.L have an expense ratio of 0.75%.
Dividends
3AMZ.L vs. 3APE.L - Dividend Comparison
Neither 3AMZ.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
3AMZ.L and 3APE.L have a correlation of 0.20, 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.
3AMZ.L and 3APE.L have the same expense ratio: 0.75% per year.
3AMZ.L tracks iSTOXX Leveraged 3X AMZN Index, while 3APE.L tracks iSTOXX Leveraged 3X AAPL Index.
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