AAPI.L vs. MAG7.L
AAPI.L (IncomeShares Apple (AAPL) Options ETP GBP) and MAG7.L (Leverage Shares 5x Long Magnificent 7 ETP Securities) are both exchange-traded funds - AAPI.L is a Derivative Income fund actively managed by Leverage Shares, while MAG7.L is a Leveraged Equities fund tracking the Solactive Magnificent 7 Index. AAPI.L is actively managed, while MAG7.L is passively managed. Over the past year, AAPI.L returned 19.57% vs 128.20% for MAG7.L. At a 0.34 correlation, their price movements are largely independent. AAPI.L charges 0.55%/yr vs 0.75%/yr for MAG7.L.
Performance
AAPI.L vs. MAG7.L - Performance Comparison
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Different Trading Currencies
AAPI.L is traded in GBp, while MAG7.L is traded in USD. To make them comparable, the MAG7.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 4.07% return, which is significantly higher than MAG7.L's 0.03% return.
AAPI.L
- 1D
- -0.34%
- 1M
- 9.04%
- YTD
- 4.07%
- 6M
- 1.51%
- 1Y
- 19.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAG7.L
- 1D
- 5.22%
- 1M
- 14.29%
- YTD
- 0.03%
- 6M
- -2.09%
- 1Y
- 128.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPI.L vs. MAG7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 4.07% | -12.96% | 20.45% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | 0.00% | -33.53% | 99.93% |
Correlation
The correlation between AAPI.L and MAG7.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.34 |
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Return for Risk
AAPI.L vs. MAG7.L — Risk / Return Rank
AAPI.L
MAG7.L
AAPI.L vs. MAG7.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 5x Long Magnificent 7 ETP Securities (MAG7.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 | MAG7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.78 | -0.75 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.31 | -1.95 |
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 | MAG7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.32 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.22 | +0.01 |
Drawdowns
AAPI.L vs. MAG7.L - Drawdown Comparison
The maximum AAPI.L drawdown since its inception was -31.31%, smaller than the maximum MAG7.L drawdown of -91.62%. Use the drawdown chart below to compare losses from any high point for AAPI.L and MAG7.L.
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Drawdown Indicators
| AAPI.L | MAG7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.31% | -91.62% | +60.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.90% | -71.53% | +52.63% |
Current DrawdownCurrent decline from peak | -10.13% | -48.83% | +38.70% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -48.64% | +33.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.29% | 29.64% | -21.35% |
Volatility
AAPI.L vs. MAG7.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP GBP (AAPI.L) is 4.51%, while Leverage Shares 5x Long Magnificent 7 ETP Securities (MAG7.L) has a volatility of 27.37%. This indicates that AAPI.L experiences smaller price fluctuations and is considered to be less risky than MAG7.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 | MAG7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 27.37% | -22.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 70.67% | -56.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 96.53% | -76.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 123.90% | -100.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 123.90% | -100.11% |
AAPI.L vs. MAG7.L - Expense Ratio Comparison
AAPI.L has a 0.55% expense ratio, which is lower than MAG7.L's 0.75% expense ratio.
Dividends
AAPI.L vs. MAG7.L - Dividend Comparison
AAPI.L's dividend yield for the trailing twelve months is around 11.05%, while MAG7.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AAPI.L IncomeShares Apple (AAPL) Options ETP GBP | 11.05% | 11.04% | 1.04% |
MAG7.L Leverage Shares 5x Long Magnificent 7 ETP Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPI.L and MAG7.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAPI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAPI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for MAG7.L.
AAPI.L is categorized as Derivative Income, while MAG7.L is Leveraged Equities. Their fees differ too: 0.55% for AAPI.L and 0.75% for MAG7.L.
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