3SLV.DE vs. AAPY.DE
3SLV.DE (Leverage Shares 3x Long Silver ETP Securities) and AAPY.DE (IncomeShares Apple (AAPL) Options ETP) are both exchange-traded funds - 3SLV.DE is a Silver fund tracking the iShares Silver Trust (3x), while AAPY.DE is a Derivative Income fund actively managed by Leverage Shares. 3SLV.DE is passively managed, while AAPY.DE is actively managed. Over the past year, 3SLV.DE returned 139.25% vs 15.96% for AAPY.DE. At a 0.10 correlation, their price movements are largely independent. 3SLV.DE charges 0.75%/yr vs 0.55%/yr for AAPY.DE.
Performance
3SLV.DE vs. AAPY.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 3SLV.DE achieves a -68.66% return, which is significantly lower than AAPY.DE's 4.64% return.
3SLV.DE
- 1D
- 1.15%
- 1M
- -7.44%
- YTD
- -68.66%
- 6M
- -31.83%
- 1Y
- 139.25%
- 3Y*
- 44.22%
- 5Y*
- —
- 10Y*
- —
AAPY.DE
- 1D
- -0.67%
- 1M
- 9.66%
- YTD
- 4.64%
- 6M
- 1.71%
- 1Y
- 15.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3SLV.DE vs. AAPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | -68.66% | 826.65% | -11.62% |
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
Correlation
The correlation between 3SLV.DE and AAPY.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.10 |
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
3SLV.DE vs. AAPY.DE — Risk / Return Rank
3SLV.DE
AAPY.DE
3SLV.DE vs. AAPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Silver ETP Securities (3SLV.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.
| 3SLV.DE | AAPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 0.56 | +0.98 |
| Martin ratioReturn relative to average drawdown | 2.76 | 1.11 | +1.65 |
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
| 3SLV.DE | AAPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.50 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | -0.03 | +0.39 |
Drawdowns
3SLV.DE vs. AAPY.DE - Drawdown Comparison
The maximum 3SLV.DE drawdown since its inception was -89.93%, 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 3SLV.DE and AAPY.DE.
Loading charts...
Drawdown Indicators
| 3SLV.DE | AAPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.93% | -33.27% | -56.66% |
Max Drawdown (1Y)Largest decline over 1 year | -89.93% | -28.47% | -61.46% |
Max Drawdown (3Y)Largest decline over 3 years | -89.93% | — | — |
Current DrawdownCurrent decline from peak | -89.11% | -13.75% | -75.36% |
Average DrawdownAverage peak-to-trough decline | -29.44% | -18.44% | -11.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.24% | 14.31% | +35.93% |
Volatility
3SLV.DE vs. AAPY.DE - Volatility Comparison
Leverage Shares 3x Long Silver ETP Securities (3SLV.DE) has a higher volatility of 51.33% compared to IncomeShares Apple (AAPL) Options ETP (AAPY.DE) at 4.78%. This indicates that 3SLV.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.
Loading charts...
Volatility by Period
| 3SLV.DE | AAPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.33% | 4.78% | +46.55% |
Volatility (6M)Calculated over the trailing 6-month period | 176.71% | 18.12% | +158.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 169.84% | 32.05% | +137.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.76% | 32.25% | +79.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.76% | 32.25% | +79.51% |
3SLV.DE vs. AAPY.DE - Expense Ratio Comparison
3SLV.DE has a 0.75% expense ratio, which is higher than AAPY.DE's 0.55% expense ratio.
Dividends
3SLV.DE vs. AAPY.DE - Dividend Comparison
3SLV.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 |
|---|---|---|
3SLV.DE Leverage Shares 3x Long Silver ETP Securities | 0.00% | 0.00% |
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
Frequently Asked Questions
3SLV.DE and AAPY.DE have a correlation of 0.11, 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 3SLV.DE.
3SLV.DE is categorized as Silver, while AAPY.DE is Derivative Income. Their fees differ too: 0.75% for 3SLV.DE and 0.55% for AAPY.DE.
Find the right allocation for 3SLV.DE and AAPY.DE
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