3APE.L vs. 3BP.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and 3BP.L (Leverage Shares 3x BP ETP GBX) are both Leveraged Equities funds from Leverage Shares - 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index while 3BP.L tracks the iSTOXX Leveraged 3x BP Index. Both are passively managed. Over the past 5 years, 3APE.L returned 24.88%/yr vs 4.77%/yr for 3BP.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3APE.L vs. 3BP.L - Performance Comparison
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Different Trading Currencies
3APE.L is traded in EUR, while 3BP.L is traded in GBp. To make them comparable, the 3BP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3APE.L achieves a 31.29% return, which is significantly lower than 3BP.L's 76.87% return.
3APE.L
- 1D
- -1.27%
- 1M
- 34.25%
- YTD
- 31.29%
- 6M
- 18.06%
- 1Y
- 155.84%
- 3Y*
- 16.10%
- 5Y*
- 24.88%
- 10Y*
- —
3BP.L
- 1D
- -1.68%
- 1M
- -16.49%
- YTD
- 76.87%
- 6M
- 38.85%
- 1Y
- 161.91%
- 3Y*
- -2.39%
- 5Y*
- 4.77%
- 10Y*
- —
3APE.L vs. 3BP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 31.29% | -31.84% | 78.10% | 157.67% | -74.17% | 182.00% |
3BP.L Leverage Shares 3x BP ETP GBX | 76.87% | 10.73% | -47.57% | -13.44% | 50.69% | -3.39% |
Correlation
The correlation between 3APE.L and 3BP.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.04 |
The correlation between 3APE.L and 3BP.L shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3APE.L vs. 3BP.L — Risk / Return Rank
3APE.L
3BP.L
3APE.L vs. 3BP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Apple ETC EUR (3APE.L) and Leverage Shares 3x BP ETP GBX (3BP.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.
| 3APE.L | 3BP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 4.12 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.56 | 11.42 | -2.86 |
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
| 3APE.L | 3BP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 1.89 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.06 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.06 | +0.25 |
Drawdowns
3APE.L vs. 3BP.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, smaller than the maximum 3BP.L drawdown of -84.99%. Use the drawdown chart below to compare losses from any high point for 3APE.L and 3BP.L.
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Drawdown Indicators
| 3APE.L | 3BP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -84.99% | +8.13% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -39.10% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -82.35% | +8.46% |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | -84.99% | +8.13% |
Current DrawdownCurrent decline from peak | -13.02% | -45.40% | +32.38% |
Average DrawdownAverage peak-to-trough decline | -36.83% | -42.92% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.13% | 14.12% | +4.01% |
Volatility
3APE.L vs. 3BP.L - Volatility Comparison
The current volatility for Leverage Shares 3x Apple ETC EUR (3APE.L) is 15.15%, while Leverage Shares 3x BP ETP GBX (3BP.L) has a volatility of 29.66%. This indicates that 3APE.L experiences smaller price fluctuations and is considered to be less risky than 3BP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3APE.L | 3BP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 29.66% | -14.51% |
Volatility (6M)Calculated over the trailing 6-month period | 49.36% | 74.48% | -25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 85.26% | -16.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.99% | 90.72% | -10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.29% | 91.08% | -6.79% |
3APE.L vs. 3BP.L - Expense Ratio Comparison
Both 3APE.L and 3BP.L have an expense ratio of 0.75%.
Dividends
3APE.L vs. 3BP.L - Dividend Comparison
Neither 3APE.L nor 3BP.L has paid dividends to shareholders.
Frequently Asked Questions
3APE.L and 3BP.L have a correlation of -0.11, 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.
3APE.L and 3BP.L have the same expense ratio: 0.75% per year.
3APE.L tracks iSTOXX Leveraged 3X AAPL Index, while 3BP.L tracks iSTOXX Leveraged 3x BP Index.
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