3BAB.L vs. 3AAP.L
3BAB.L (Leverage Shares 3x Alibaba ETC) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3BAB.L tracks the iSTOXX Leveraged 3x BABA Index while 3AAP.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 5 years, 3BAB.L returned -69.09%/yr vs 24.38%/yr for 3AAP.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BAB.L vs. 3AAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAB.L achieves a -51.03% return, which is significantly lower than 3AAP.L's 31.14% return.
3BAB.L
- 1D
- -12.86%
- 1M
- -14.43%
- YTD
- -51.03%
- 6M
- -62.11%
- 1Y
- -29.02%
- 3Y*
- -22.14%
- 5Y*
- -69.09%
- 10Y*
- —
3AAP.L
- 1D
- -0.91%
- 1M
- 31.94%
- YTD
- 31.14%
- 6M
- 10.42%
- 1Y
- 170.24%
- 3Y*
- 19.08%
- 5Y*
- 24.38%
- 10Y*
- —
3BAB.L vs. 3AAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAB.L Leverage Shares 3x Alibaba ETC | -51.03% | 109.01% | -18.41% | -64.32% | -91.90% | -87.31% |
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 31.14% | -28.23% | 70.02% | 151.70% | -73.70% | 168.77% |
Correlation
The correlation between 3BAB.L and 3AAP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 27, 2021 | 0.22 |
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Return for Risk
3BAB.L vs. 3AAP.L — Risk / Return Rank
3BAB.L
3AAP.L
3BAB.L vs. 3AAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.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.
| 3BAB.L | 3AAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.81 | -4.16 |
| Martin ratioReturn relative to average drawdown | -0.58 | 7.49 | -8.07 |
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
| 3BAB.L | 3AAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 1.71 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.28 | -0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.42 | -0.87 |
Drawdowns
3BAB.L vs. 3AAP.L - Drawdown Comparison
The maximum 3BAB.L drawdown since its inception was -99.81%, which is greater than 3AAP.L's maximum drawdown of -75.66%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and 3AAP.L.
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Drawdown Indicators
| 3BAB.L | 3AAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -75.66% | -24.15% |
Max Drawdown (1Y)Largest decline over 1 year | -82.29% | -44.36% | -37.93% |
Max Drawdown (3Y)Largest decline over 3 years | -82.29% | -73.42% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -99.81% | -75.66% | -24.15% |
Current DrawdownCurrent decline from peak | -99.75% | -8.43% | -91.32% |
Average DrawdownAverage peak-to-trough decline | -93.40% | -34.86% | -58.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.68% | 22.63% | +27.05% |
Volatility
3BAB.L vs. 3AAP.L - Volatility Comparison
Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 48.18% compared to Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) at 16.17%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than 3AAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BAB.L | 3AAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 48.18% | 16.17% | +32.01% |
Volatility (6M)Calculated over the trailing 6-month period | 88.83% | 49.10% | +39.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.78% | 98.79% | +26.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.76% | 86.96% | +62.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.50% | 88.98% | +60.52% |
3BAB.L vs. 3AAP.L - Expense Ratio Comparison
Both 3BAB.L and 3AAP.L have an expense ratio of 0.75%.
Dividends
3BAB.L vs. 3AAP.L - Dividend Comparison
Neither 3BAB.L nor 3AAP.L has paid dividends to shareholders.
Frequently Asked Questions
3BAB.L and 3AAP.L have a correlation of 0.20, 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.
3BAB.L and 3AAP.L have the same expense ratio: 0.75% per year.
3BAB.L tracks iSTOXX Leveraged 3x BABA Index, while 3AAP.L tracks iSTOXX Leveraged 3X AAPL Index.
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