3TSL.L vs. 3AAP.L
3TSL.L (Leverage Shares 3x Tesla ETP Securities GBX) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares - 3TSL.L tracks the iSTOXX Leveraged 3x TSLA Index while 3AAP.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 5 years, 3TSL.L returned -50.12%/yr vs 24.38%/yr for 3AAP.L. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3TSL.L vs. 3AAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3TSL.L achieves a -35.52% return, which is significantly lower than 3AAP.L's 31.14% return.
3TSL.L
- 1D
- 4.45%
- 1M
- 24.10%
- YTD
- -35.52%
- 6M
- -32.22%
- 1Y
- -21.67%
- 3Y*
- -39.51%
- 5Y*
- -50.12%
- 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*
- —
3TSL.L vs. 3AAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3TSL.L Leverage Shares 3x Tesla ETP Securities GBX | -35.52% | -71.66% | 25.48% | 217.46% | -99.04% | 127.69% |
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 31.14% | -28.23% | 70.02% | 151.70% | -73.70% | 186.02% |
Correlation
The correlation between 3TSL.L and 3AAP.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2021 | 0.39 |
The correlation between 3TSL.L and 3AAP.L shifts across timeframes, from 0.21 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3TSL.L vs. 3AAP.L — Risk / Return Rank
3TSL.L
3AAP.L
3TSL.L vs. 3AAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Tesla ETP Securities GBX (3TSL.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.
| 3TSL.L | 3AAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.81 | -4.11 |
| Martin ratioReturn relative to average drawdown | -0.57 | 7.49 | -8.06 |
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
| 3TSL.L | 3AAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.71 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.28 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.42 | -0.75 |
Drawdowns
3TSL.L vs. 3AAP.L - Drawdown Comparison
The maximum 3TSL.L drawdown since its inception was -99.83%, 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 3TSL.L and 3AAP.L.
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Drawdown Indicators
| 3TSL.L | 3AAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -75.66% | -24.17% |
Max Drawdown (1Y)Largest decline over 1 year | -71.97% | -44.36% | -27.61% |
Max Drawdown (3Y)Largest decline over 3 years | -95.49% | -73.42% | -22.07% |
Max Drawdown (5Y)Largest decline over 5 years | -99.83% | -75.66% | -24.17% |
Current DrawdownCurrent decline from peak | -99.64% | -8.43% | -91.21% |
Average DrawdownAverage peak-to-trough decline | -85.99% | -34.86% | -51.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.52% | 22.63% | +14.89% |
Volatility
3TSL.L vs. 3AAP.L - Volatility Comparison
Leverage Shares 3x Tesla ETP Securities GBX (3TSL.L) has a higher volatility of 38.75% compared to Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) at 16.17%. This indicates that 3TSL.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
| 3TSL.L | 3AAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.75% | 16.17% | +22.58% |
Volatility (6M)Calculated over the trailing 6-month period | 84.86% | 49.10% | +35.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.57% | 98.79% | +38.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.00% | 86.96% | +79.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.84% | 88.98% | +76.86% |
3TSL.L vs. 3AAP.L - Expense Ratio Comparison
Both 3TSL.L and 3AAP.L have an expense ratio of 0.75%.
Dividends
3TSL.L vs. 3AAP.L - Dividend Comparison
Neither 3TSL.L nor 3AAP.L has paid dividends to shareholders.
Frequently Asked Questions
3TSL.L and 3AAP.L have a correlation of 0.21, 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.
3TSL.L and 3AAP.L have the same expense ratio: 0.75% per year.
3TSL.L tracks iSTOXX Leveraged 3x TSLA Index, while 3AAP.L tracks iSTOXX Leveraged 3X AAPL Index.
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