3BID.L vs. 3AAP.L
3BID.L (Leverage Shares 3x Baidu ETC GBP) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3BID.L tracks the Solactive Leveraged 3x BIDU Index while 3AAP.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 3 years, 3BID.L returned -52.55%/yr vs 19.08%/yr for 3AAP.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3BID.L vs. 3AAP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3BID.L achieves a -26.20% return, which is significantly lower than 3AAP.L's 31.14% return.
3BID.L
- 1D
- -6.48%
- 1M
- 13.20%
- YTD
- -26.20%
- 6M
- -0.83%
- 1Y
- 79.28%
- 3Y*
- -52.55%
- 5Y*
- —
- 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*
- —
3BID.L vs. 3AAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BID.L Leverage Shares 3x Baidu ETC GBP | -26.20% | 54.89% | -80.82% | -49.94% | -88.69% | -61.82% |
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 31.14% | -28.23% | 70.02% | 151.70% | -73.70% | 148.82% |
Correlation
The correlation between 3BID.L and 3AAP.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021 | 0.22 |
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
3BID.L vs. 3AAP.L — Risk / Return Rank
3BID.L
3AAP.L
3BID.L vs. 3AAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Baidu ETC GBP (3BID.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.
| 3BID.L | 3AAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.81 | -2.75 |
| Martin ratioReturn relative to average drawdown | 1.86 | 7.49 | -5.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 3BID.L | 3AAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.71 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.42 | -0.86 |
Drawdowns
3BID.L vs. 3AAP.L - Drawdown Comparison
The maximum 3BID.L drawdown since its inception was -99.84%, 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 3BID.L and 3AAP.L.
Loading charts...
Drawdown Indicators
| 3BID.L | 3AAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -75.66% | -24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -74.41% | -44.36% | -30.05% |
Max Drawdown (3Y)Largest decline over 3 years | -96.25% | -73.42% | -22.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.66% | — |
Current DrawdownCurrent decline from peak | -99.66% | -8.43% | -91.23% |
Average DrawdownAverage peak-to-trough decline | -91.42% | -34.86% | -56.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.56% | 22.63% | +19.93% |
Volatility
3BID.L vs. 3AAP.L - Volatility Comparison
Leverage Shares 3x Baidu ETC GBP (3BID.L) has a higher volatility of 55.11% compared to Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) at 16.17%. This indicates that 3BID.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.
Loading charts...
Volatility by Period
| 3BID.L | 3AAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 55.11% | 16.17% | +38.94% |
Volatility (6M)Calculated over the trailing 6-month period | 100.08% | 49.10% | +50.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.25% | 98.79% | +40.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.43% | 86.96% | +60.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.43% | 88.98% | +58.45% |
3BID.L vs. 3AAP.L - Expense Ratio Comparison
Both 3BID.L and 3AAP.L have an expense ratio of 0.75%.
Dividends
3BID.L vs. 3AAP.L - Dividend Comparison
Neither 3BID.L nor 3AAP.L has paid dividends to shareholders.
Frequently Asked Questions
3BID.L and 3AAP.L have a correlation of 0.13, 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.
3BID.L and 3AAP.L have the same expense ratio: 0.75% per year.
3BID.L tracks Solactive Leveraged 3x BIDU Index, while 3AAP.L tracks iSTOXX Leveraged 3X AAPL Index.
Find the right allocation for 3BID.L and 3AAP.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