5SPY.L vs. 3APE.L
5SPY.L (Leverage Shares 5x Long US 500 ETP Securities) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds from Leverage Shares. 5SPY.L is actively managed, while 3APE.L is passively managed. Over the past 3 years, 5SPY.L returned 47.64%/yr vs 13.11%/yr for 3APE.L. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
5SPY.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
5SPY.L is traded in USD, while 3APE.L is traded in EUR. To make them comparable, the 3APE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5SPY.L achieves a 16.66% return, which is significantly higher than 3APE.L's 13.69% return.
5SPY.L
- 1D
- -3.53%
- 1M
- -11.24%
- YTD
- 16.66%
- 6M
- 15.09%
- 1Y
- 76.72%
- 3Y*
- 47.64%
- 5Y*
- —
- 10Y*
- —
3APE.L
- 1D
- 0.00%
- 1M
- -13.89%
- YTD
- 13.69%
- 6M
- 14.19%
- 1Y
- 137.93%
- 3Y*
- 13.11%
- 5Y*
- 15.39%
- 10Y*
- —
5SPY.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5SPY.L Leverage Shares 5x Long US 500 ETP Securities | 16.66% | 1.52% | 98.06% | 100.80% | -80.81% | 13.40% |
3APE.L Leverage Shares 3x Apple ETC EUR | 13.69% | -22.68% | 67.09% | 165.81% | -75.72% | -1.36% |
Correlation
The correlation between 5SPY.L and 3APE.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.60 |
The correlation between 5SPY.L and 3APE.L shifts across timeframes, from 0.45 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
5SPY.L vs. 3APE.L — Risk / Return Rank
5SPY.L
3APE.L
5SPY.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
| 5SPY.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.30 | -1.51 |
| Martin ratioReturn relative to average drawdown | 5.89 | 7.53 | -1.64 |
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Drawdowns
5SPY.L vs. 3APE.L - Drawdown Comparison
The maximum 5SPY.L drawdown since its inception was -82.86%, which is greater than 3APE.L's maximum drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for 5SPY.L and 3APE.L.
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Drawdown Indicators
| 5SPY.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.86% | -78.44% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -41.80% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -72.59% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.44% | — |
Current DrawdownCurrent decline from peak | -16.24% | -15.31% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -49.30% | -35.70% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.99% | 18.32% | -5.33% |
Volatility
5SPY.L vs. 3APE.L - Volatility Comparison
The current volatility for Leverage Shares 5x Long US 500 ETP Securities (5SPY.L) is 18.96%, while Leverage Shares 3x Apple ETC EUR (3APE.L) has a volatility of 25.65%. This indicates that 5SPY.L experiences smaller price fluctuations and is considered to be less risky than 3APE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5SPY.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.96% | 25.65% | -6.69% |
Volatility (6M)Calculated over the trailing 6-month period | 43.30% | 53.92% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.25% | 75.61% | -18.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.20% | 80.62% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.20% | 83.62% | -4.42% |
5SPY.L vs. 3APE.L - Expense Ratio Comparison
Both 5SPY.L and 3APE.L have an expense ratio of 0.75%.
Dividends
5SPY.L vs. 3APE.L - Dividend Comparison
Neither 5SPY.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
5SPY.L and 3APE.L have a correlation of 0.45, 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.
5SPY.L and 3APE.L have the same expense ratio: 0.75% per year.
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