3APE.L vs. COII.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) are both exchange-traded funds - 3APE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index, while COII.L is a Derivative Income fund actively managed by Leverage Shares. 3APE.L is passively managed, while COII.L is actively managed. Over the past year, 3APE.L returned 155.84% vs -66.71% for COII.L. At a 0.21 correlation, their price movements are largely independent. 3APE.L charges 0.75%/yr vs 0.55%/yr for COII.L.
Performance
3APE.L vs. COII.L - Performance Comparison
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Different Trading Currencies
3APE.L is traded in EUR, while COII.L is traded in GBp. To make them comparable, the COII.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 higher than COII.L's -44.06% 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*
- —
COII.L
- 1D
- -0.80%
- 1M
- -12.63%
- YTD
- -44.06%
- 6M
- -51.67%
- 1Y
- -66.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3APE.L vs. COII.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 31.29% | -31.84% | 39.40% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.06% | -50.02% | 16.68% |
Correlation
The correlation between 3APE.L and COII.L is 0.10, 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 | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.21 |
The correlation between 3APE.L and COII.L shifts across timeframes, from 0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3APE.L vs. COII.L — Risk / Return Rank
3APE.L
COII.L
3APE.L vs. COII.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 IncomeShares Coinbase (COIN) Options ETP GBP (COII.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 | COII.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.77 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | -0.89 | +4.64 |
| Martin ratioReturn relative to average drawdown | 8.56 | -1.35 | +9.91 |
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 | COII.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | -1.10 | +3.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.82 | +1.13 |
Drawdowns
3APE.L vs. COII.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, roughly equal to the maximum COII.L drawdown of -77.16%. Use the drawdown chart below to compare losses from any high point for 3APE.L and COII.L.
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Drawdown Indicators
| 3APE.L | COII.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -77.16% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -74.98% | +33.69% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | — | — |
Current DrawdownCurrent decline from peak | -13.02% | -76.04% | +63.02% |
Average DrawdownAverage peak-to-trough decline | -36.83% | -35.78% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.13% | 49.42% | -31.29% |
Volatility
3APE.L vs. COII.L - Volatility Comparison
The current volatility for Leverage Shares 3x Apple ETC EUR (3APE.L) is 15.15%, while IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) has a volatility of 15.97%. This indicates that 3APE.L experiences smaller price fluctuations and is considered to be less risky than COII.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 | COII.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 15.97% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 49.36% | 41.66% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 60.74% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.99% | 59.50% | +20.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.29% | 59.50% | +24.79% |
3APE.L vs. COII.L - Expense Ratio Comparison
3APE.L has a 0.75% expense ratio, which is higher than COII.L's 0.55% expense ratio.
Dividends
3APE.L vs. COII.L - Dividend Comparison
3APE.L has not paid dividends to shareholders, while COII.L's dividend yield for the trailing twelve months is around 105.73%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 0.00% | 0.00% | 0.00% |
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 105.73% | 191.72% | 18.99% |
Frequently Asked Questions
3APE.L and COII.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COII.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COII.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3APE.L.
3APE.L is categorized as Leveraged Equities, while COII.L is Derivative Income. Their fees differ too: 0.75% for 3APE.L and 0.55% for COII.L.
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