3KOR.L vs. IAPD.L

Last updated Jul 16, 2026

3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both exchange-traded funds - 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares, while IAPD.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD. 3KOR.L is actively managed, while IAPD.L is passively managed. Over the past 3 years, 3KOR.L returned 51.05%/yr vs 20.44%/yr for IAPD.L. At a 0.49 correlation, their price movements are largely independent. 3KOR.L charges 0.75%/yr vs 0.59%/yr for IAPD.L.

Performance

3KOR.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3KOR.L is traded in USD, while IAPD.L is traded in GBp. To make them comparable, the IAPD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3KOR.L achieves a 125.40% return, which is significantly higher than IAPD.L's 15.29% return.

3KOR.L

• 1D: -10.28%
• 1M: -56.04%
• 6M: 67.72%
• YTD: 125.40%
• 1Y: 380.55%
• 3Y*: 51.05%
• 5Y*: —
• 10Y*: —

IAPD.L

• 1D: 1.14%
• 1M: 2.42%
• 6M: 10.89%
• YTD: 15.29%
• 1Y: 32.78%
• 3Y*: 20.44%
• 5Y*: 10.76%
• 10Y*: 6.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3KOR.L vs. IAPD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	125.40%	356.68%	-62.34%	15.02%	-56.31%
IAPD.L iShares Asia Pacific Dividend UCITS	15.29%	30.05%	6.09%	12.89%	-2.36%

Correlation

The correlation between 3KOR.L and IAPD.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.49

3KOR.L vs. IAPD.L - Sectors Allocation Comparison

Sectors	3KOR.L	IAPD.L
Technology	63.4%	1.8%
Industrials	15.2%	6.7%
Financial Services	7.4%	30.8%
Consumer Cyclical	5.5%	11.1%
Healthcare	2.5%	3.4%
Communication Services	2.1%	4.4%
Basic Materials	1.4%	18.2%
Consumer Defensive	1.3%	4.6%
Energy	0.9%	4.8%
Utilities	0.3%	4.1%
Real Estate	-	10.0%

Return for Risk

3KOR.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3KOR.L

3KOR.L Risk / Return Rank: 88
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 78
3KOR.L Omega Ratio Rank: 82
3KOR.L Calmar Ratio Rank: 95
3KOR.L Martin Ratio Rank: 90

IAPD.L

IAPD.L Risk / Return Rank: 91
IAPD.L Sharpe Ratio Rank: 94
IAPD.L Sortino Ratio Rank: 95
IAPD.L Omega Ratio Rank: 93
IAPD.L Calmar Ratio Rank: 91
IAPD.L Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3KOR.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) and iShares Asia Pacific Dividend UCITS (IAPD.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.

	3KOR.L	IAPD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.57	+0.34
Sortino ratio: Return per unit of downside risk	2.80	3.65	-0.85
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.07
Calmar ratio: Return relative to maximum drawdown	5.85	4.10	+1.75
Martin ratio: Return relative to average drawdown	15.87	11.01	+4.86

3KOR.L vs. IAPD.L - Sharpe Ratio Comparison

The current 3KOR.L Sharpe Ratio is 2.91, which is comparable to the IAPD.L Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of 3KOR.L and IAPD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3KOR.L vs. IAPD.L - Drawdown Comparison

The maximum 3KOR.L drawdown since its inception was -85.50%, which is greater than IAPD.L's maximum drawdown of -70.10%. Use the drawdown chart below to compare losses from any high point for 3KOR.L and IAPD.L.

Drawdown Indicators

	3KOR.L	IAPD.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.50%	-70.10%	-15.40%
Max Drawdown (1Y) Largest decline over 1 year	-64.52%	-7.96%	-56.56%
Max Drawdown (3Y) Largest decline over 3 years	-75.07%	-18.35%	-56.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.48%	—
Current Drawdown Current decline from peak	-64.52%	-1.30%	-63.22%
Average Drawdown Average peak-to-trough decline	-52.43%	-13.01%	-39.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.84%	2.97%	+20.87%

Volatility

3KOR.L vs. IAPD.L - Volatility Comparison

Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a higher volatility of 61.31% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.63%. This indicates that 3KOR.L's price experiences larger fluctuations and is considered to be riskier than IAPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3KOR.L	IAPD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	61.31%	3.63%	+57.68%
Volatility (6M) Calculated over the trailing 6-month period	120.85%	10.36%	+110.49%
Volatility (1Y) Calculated over the trailing 1-year period	129.62%	12.71%	+116.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.53%	14.99%	+73.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.53%	16.74%	+71.79%

3KOR.L vs. IAPD.L - Expense Ratio Comparison

3KOR.L has a 0.75% expense ratio, which is higher than IAPD.L's 0.59% expense ratio.

Dividends

3KOR.L vs. IAPD.L - Dividend Comparison

3KOR.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IAPD.L iShares Asia Pacific Dividend UCITS	4.16%	4.20%	5.25%	5.77%	6.84%	5.51%	3.70%	5.67%	5.87%	4.71%	4.22%	5.31%

Frequently Asked Questions

Can I hold both 3KOR.L and IAPD.L in my portfolio?

3KOR.L and IAPD.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3KOR.L or IAPD.L?

On fees, IAPD.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3KOR.L or IAPD.L?

IAPD.L is cheaper with a 0.59% expense ratio, compared with 0.75% for 3KOR.L.

What is the main difference between 3KOR.L and IAPD.L?

3KOR.L is categorized as South Korea Equities, while IAPD.L is Asia Pacific Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for 3KOR.L and 0.59% for IAPD.L.