AAPI.L vs. 3QQQ.L
Compare and contrast key facts about IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L).
AAPI.L and 3QQQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPI.L is an actively managed fund by Leverage Shares. It was launched on Sep 26, 2024. 3QQQ.L is an actively managed fund by Leverage Shares. It was launched on Jun 6, 2022.
Performance
AAPI.L vs. 3QQQ.L - Performance Comparison
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AAPI.L vs. 3QQQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | -11.83% | -12.96% | 20.45% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | -24.17% | 5.78% | 29.72% |
Different Trading Currencies
AAPI.L is traded in GBp, while 3QQQ.L is traded in USD. To make them comparable, the 3QQQ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPI.L achieves a -11.83% return, which is significantly higher than 3QQQ.L's -24.17% return.
AAPI.L
- 1D
- 0.69%
- 1M
- -6.68%
- YTD
- -11.83%
- 6M
- -11.99%
- 1Y
- -8.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3QQQ.L
- 1D
- 1.65%
- 1M
- -16.70%
- YTD
- -24.17%
- 6M
- -21.34%
- 1Y
- 30.15%
- 3Y*
- 31.97%
- 5Y*
- —
- 10Y*
- —
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AAPI.L vs. 3QQQ.L - Expense Ratio Comparison
AAPI.L has a 0.55% expense ratio, which is higher than 3QQQ.L's 0.01% expense ratio.
Return for Risk
AAPI.L vs. 3QQQ.L — Risk / Return Rank
AAPI.L
3QQQ.L
AAPI.L vs. 3QQQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) and Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.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.
| AAPI.L | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.34 | 0.43 | -0.77 |
Sortino ratioReturn per unit of downside risk | -0.29 | 1.14 | -1.43 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.48 | -0.98 |
Martin ratioReturn relative to average drawdown | -1.03 | 1.03 | -2.05 |
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
| AAPI.L | 3QQQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.34 | 0.43 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.21 | -0.42 |
Correlation
The correlation between AAPI.L and 3QQQ.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AAPI.L vs. 3QQQ.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.56%, while 3QQQ.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.56% | 11.04% | 1.04% |
3QQQ.L Leverage Shares 3x Long US Tech 100 ETP Securities | 0.00% | 0.00% | 0.00% |
Drawdowns
AAPI.L vs. 3QQQ.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, smaller than the maximum 3QQQ.L drawdown of -58.71%. Use the drawdown chart below to compare losses from any high point for AAPI.L and 3QQQ.L.
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Drawdown Indicators
| AAPI.L | 3QQQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -58.93% | +27.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.98% | -47.89% | +28.91% |
Current DrawdownCurrent decline from peak | -23.86% | -46.87% | +23.01% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -20.83% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 21.60% | -12.34% |
Volatility
AAPI.L vs. 3QQQ.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) is 3.90%, while Leverage Shares 3x Long US Tech 100 ETP Securities (3QQQ.L) has a volatility of 14.13%. This indicates that AAPI.L experiences smaller price fluctuations and is considered to be less risky than 3QQQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPI.L | 3QQQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 14.13% | -10.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.12% | 52.99% | -38.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.14% | 69.99% | -44.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.18% | 63.05% | -38.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 63.05% | -38.87% |