3APE.L vs. DEL2.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and DEL2.L (L&G DAX Daily 2x Long UCITS ETF EUR (Acc)) are both Leveraged Equities funds - 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index while DEL2.L tracks the LevDAX x2 Index Gross TR EUR. Both are passively managed. Over the past 5 years, 3APE.L returned 12.23%/yr vs 12.22%/yr for DEL2.L. At a 0.40 correlation, their price movements are largely independent. 3APE.L charges 0.75%/yr vs 0.40%/yr for DEL2.L.
Performance
3APE.L vs. DEL2.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3APE.L achieves a 31.73% return, which is significantly higher than DEL2.L's -1.16% return.
3APE.L
- 1D
- 0.00%
- 1M
- 16.57%
- 6M
- 53.96%
- YTD
- 31.73%
- 1Y
- 142.33%
- 3Y*
- 15.11%
- 5Y*
- 12.23%
- 10Y*
- —
DEL2.L
- 1D
- -0.71%
- 1M
- -0.49%
- 6M
- -7.41%
- YTD
- -1.16%
- 1Y
- -1.14%
- 3Y*
- 23.36%
- 5Y*
- 12.22%
- 10Y*
- 12.72%
3APE.L vs. DEL2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 31.73% | -31.84% | 78.10% | 157.67% | -74.17% | 100.95% | 218.78% |
DEL2.L L&G DAX Daily 2x Long UCITS ETF EUR (Acc) | -1.16% | 37.26% | 31.65% | 34.68% | -27.71% | 30.03% | 15.76% |
Correlation
The correlation between 3APE.L and DEL2.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.40 |
The correlation between 3APE.L and DEL2.L shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
3APE.L vs. DEL2.L — Risk / Return Rank
3APE.L
DEL2.L
3APE.L vs. DEL2.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 L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.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 | DEL2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | -0.04 | +3.49 |
| Martin ratioReturn relative to average drawdown | 7.59 | -0.13 | +7.72 |
Loading charts...
Drawdowns
3APE.L vs. DEL2.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, which is greater than DEL2.L's maximum drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for 3APE.L and DEL2.L.
Loading charts...
Drawdown Indicators
| 3APE.L | DEL2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -64.67% | -12.19% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | -26.77% | -14.52% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -30.23% | -43.66% |
Max Drawdown (5Y)Largest decline over 5 years | -76.86% | -49.13% | -27.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.67% | — |
Current DrawdownCurrent decline from peak | -12.72% | -8.15% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -35.47% | -16.34% | -19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.76% | 8.68% | +10.08% |
Volatility
3APE.L vs. DEL2.L - Volatility Comparison
Leverage Shares 3x Apple ETC EUR (3APE.L) has a higher volatility of 29.62% compared to L&G DAX Daily 2x Long UCITS ETF EUR (Acc) (DEL2.L) at 9.31%. This indicates that 3APE.L's price experiences larger fluctuations and is considered to be riskier than DEL2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 3APE.L | DEL2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.62% | 9.31% | +20.31% |
Volatility (6M)Calculated over the trailing 6-month period | 59.82% | 27.88% | +31.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.70% | 33.04% | +44.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.44% | 34.41% | +46.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.20% | 36.20% | +47.00% |
3APE.L vs. DEL2.L - Expense Ratio Comparison
3APE.L has a 0.75% expense ratio, which is higher than DEL2.L's 0.40% expense ratio.
Dividends
3APE.L vs. DEL2.L - Dividend Comparison
Neither 3APE.L nor DEL2.L has paid dividends to shareholders.
Frequently Asked Questions
3APE.L and DEL2.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEL2.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEL2.L is cheaper with a 0.40% expense ratio, compared with 0.75% for 3APE.L.
3APE.L tracks iSTOXX Leveraged 3X AAPL Index, while DEL2.L tracks LevDAX x2 Index Gross TR EUR. They also come from different issuers: Leverage Shares and L&G. Their fees differ too: 0.75% for 3APE.L and 0.40% for DEL2.L.
Find the right allocation for 3APE.L and DEL2.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer