3APE.L vs. TLTI.L
3APE.L (Leverage Shares 3x Apple ETC EUR) and TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) are both exchange-traded funds - 3APE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index, while TLTI.L is a Derivative Income fund actively managed by Leverage Shares. 3APE.L is passively managed, while TLTI.L is actively managed. At a correlation of -0.05, they often move in opposite directions. 3APE.L charges 0.75%/yr vs 0.55%/yr for TLTI.L.
Performance
3APE.L vs. TLTI.L - Performance Comparison
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Different Trading Currencies
3APE.L is traded in EUR, while TLTI.L is traded in USD. To make them comparable, the TLTI.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 TLTI.L's -3.92% 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*
- —
TLTI.L
- 1D
- 0.70%
- 1M
- 1.54%
- YTD
- -3.92%
- 6M
- -5.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3APE.L vs. TLTI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 31.29% | 117.20% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | -3.92% | -0.17% |
Correlation
The correlation between 3APE.L and TLTI.L is -0.05, 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 (All Time) Calculated using the full available price history since Jul 1, 2025 | -0.05 |
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Return for Risk
3APE.L vs. TLTI.L — Risk / Return Rank
3APE.L
TLTI.L
3APE.L vs. TLTI.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 20+ Year Treasury (TLT) Options ETP (TLTI.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 | TLTI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | — | — |
| Martin ratioReturn relative to average drawdown | 8.56 | — | — |
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 | TLTI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | — | — |
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 | -0.35 | +0.66 |
Drawdowns
3APE.L vs. TLTI.L - Drawdown Comparison
The maximum 3APE.L drawdown since its inception was -76.86%, which is greater than TLTI.L's maximum drawdown of -12.66%. Use the drawdown chart below to compare losses from any high point for 3APE.L and TLTI.L.
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Drawdown Indicators
| 3APE.L | TLTI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -12.66% | -64.20% |
Max Drawdown (1Y)Largest decline over 1 year | -41.29% | — | — |
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% | -11.10% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -36.83% | -6.04% | -30.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.13% | — | — |
Volatility
3APE.L vs. TLTI.L - Volatility Comparison
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Volatility by Period
| 3APE.L | TLTI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 49.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.52% | 12.46% | +56.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.99% | 12.46% | +67.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.29% | 12.46% | +71.83% |
3APE.L vs. TLTI.L - Expense Ratio Comparison
3APE.L has a 0.75% expense ratio, which is higher than TLTI.L's 0.55% expense ratio.
Dividends
3APE.L vs. TLTI.L - Dividend Comparison
3APE.L has not paid dividends to shareholders, while TLTI.L's dividend yield for the trailing twelve months is around 0.11%.
| Position | TTM | 2025 |
|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 0.00% | 0.00% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | 0.11% | 0.02% |
Frequently Asked Questions
3APE.L and TLTI.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3APE.L.
3APE.L is categorized as Leveraged Equities, while TLTI.L is Derivative Income. Their fees differ too: 0.75% for 3APE.L and 0.55% for TLTI.L.
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