3JPN.DE vs. AAPY.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and AAPY.DE (IncomeShares Apple (AAPL) Options ETP) are both exchange-traded funds - 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares, while AAPY.DE is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, 3JPN.DE returned 72.37% vs 16.32% for AAPY.DE. At a 0.23 correlation, their price movements are largely independent. 3JPN.DE charges 0.75%/yr vs 0.55%/yr for AAPY.DE.
Performance
3JPN.DE vs. AAPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 37.51% return, which is significantly higher than AAPY.DE's 4.64% return.
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
AAPY.DE
- 1D
- -0.67%
- 1M
- 8.49%
- YTD
- 4.64%
- 6M
- 2.11%
- 1Y
- 16.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3JPN.DE vs. AAPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 1.21% |
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
Correlation
The correlation between 3JPN.DE and AAPY.DE 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 (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.23 |
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Return for Risk
3JPN.DE vs. AAPY.DE — Risk / Return Rank
3JPN.DE
AAPY.DE
3JPN.DE vs. AAPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and IncomeShares Apple (AAPL) Options ETP (AAPY.DE). 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.
| 3JPN.DE | AAPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.56 | +1.41 |
| Martin ratioReturn relative to average drawdown | 5.61 | 1.11 | +4.49 |
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
| 3JPN.DE | AAPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.50 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.03 | +0.52 |
Drawdowns
3JPN.DE vs. AAPY.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than AAPY.DE's maximum drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and AAPY.DE.
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Drawdown Indicators
| 3JPN.DE | AAPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -33.27% | -18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -28.47% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -13.75% | +6.68% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -18.44% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 14.31% | -2.12% |
Volatility
3JPN.DE vs. AAPY.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 11.68% compared to IncomeShares Apple (AAPL) Options ETP (AAPY.DE) at 4.78%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than AAPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3JPN.DE | AAPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 4.78% | +6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 48.68% | 18.12% | +30.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.28% | 32.05% | +28.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.77% | 32.25% | +20.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.77% | 32.25% | +20.52% |
3JPN.DE vs. AAPY.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than AAPY.DE's 0.55% expense ratio.
Dividends
3JPN.DE vs. AAPY.DE - Dividend Comparison
3JPN.DE has not paid dividends to shareholders, while AAPY.DE's dividend yield for the trailing twelve months is around 11.07%.
| Position | TTM | 2025 |
|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 0.00% | 0.00% |
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
Frequently Asked Questions
3JPN.DE and AAPY.DE 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.
On fees, AAPY.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAPY.DE is cheaper with a 0.55% expense ratio, compared with 0.75% for 3JPN.DE.
3JPN.DE is categorized as Leveraged Equities, while AAPY.DE is Derivative Income. Their fees differ too: 0.75% for 3JPN.DE and 0.55% for AAPY.DE.
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