3APE.L vs. 3CON.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and 3CON.L (Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index while 3CON.L tracks the iSTOXX Leveraged 3x COIN Index. Both are passively managed. Over the past 3 years, 3APE.L returned 11.59%/yr vs -68.75%/yr for 3CON.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3APE.L vs. 3CON.L - Performance Comparison
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Different Trading Currencies
3APE.L is traded in EUR, while 3CON.L is traded in GBp. To make them comparable, the 3CON.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 17.56% return, which is significantly higher than 3CON.L's -89.36% return.
3APE.L
- 1D
- 0.00%
- 1M
- -11.82%
- YTD
- 17.56%
- 6M
- 18.40%
- 1Y
- 144.22%
- 3Y*
- 11.59%
- 5Y*
- 16.54%
- 10Y*
- —
3CON.L
- 1D
- -16.92%
- 1M
- -55.41%
- YTD
- -89.36%
- 6M
- -90.47%
- 1Y
- -98.55%
- 3Y*
- -68.75%
- 5Y*
- —
- 10Y*
- —
3APE.L vs. 3CON.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 17.56% | -31.84% | 78.10% | 157.67% | -74.17% | -2.24% |
3CON.L Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP | -89.36% | -89.88% | -74.80% | 1,088.35% | 29.72% | 1.73% |
Correlation
The correlation between 3APE.L and 3CON.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.31 |
Over the past year, the correlation between 3APE.L and 3CON.L has dropped to 0.08 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
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Return for Risk
3APE.L vs. 3CON.L — Risk / Return Rank
3APE.L
3CON.L
3APE.L vs. 3CON.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 Long Coinbase (COIN) ETP Securities GBP (3CON.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.
| 3APE.L | 3CON.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.83 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | -0.99 | +4.49 |
| Martin ratioReturn relative to average drawdown | 7.86 | -1.19 | +9.04 |
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Drawdowns
3APE.L vs. 3CON.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, smaller than the maximum 3CON.L drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for 3APE.L and 3CON.L.
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Drawdown Indicators
| 3APE.L | 3CON.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -100.00% | +23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -99.17% | +57.88% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -99.86% | +25.97% |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | — | — |
Current DrawdownCurrent decline from peak | -22.11% | -99.86% | +77.75% |
Average DrawdownAverage peak-to-trough decline | -35.60% | -79.82% | +44.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.36% | 83.20% | -64.84% |
Volatility
3APE.L vs. 3CON.L - Volatility Comparison
The current volatility for Leverage Shares 3x Apple ETC EUR (3APE.L) is 25.77%, while Leverage Shares 3x Long Coinbase (COIN) ETP Securities GBP (3CON.L) has a volatility of 56.54%. This indicates that 3APE.L experiences smaller price fluctuations and is considered to be less risky than 3CON.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 | 3CON.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 56.54% | -30.77% |
Volatility (6M)Calculated over the trailing 6-month period | 53.51% | 144.79% | -91.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.92% | 198.81% | -123.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.75% | 1,448,193.95% | -1,448,114.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 1,448,193.95% | -1,448,111.10% |
3APE.L vs. 3CON.L - Expense Ratio Comparison
Both 3APE.L and 3CON.L have an expense ratio of 0.75%.
Dividends
3APE.L vs. 3CON.L - Dividend Comparison
Neither 3APE.L nor 3CON.L has paid dividends to shareholders.
Frequently Asked Questions
3APE.L and 3CON.L have a correlation of 0.08, 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 3CON.L have the same expense ratio: 0.75% per year.
3APE.L tracks iSTOXX Leveraged 3X AAPL Index, while 3CON.L tracks iSTOXX Leveraged 3x COIN Index.
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