AAPY.DE vs. MBZ3.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and MBZ3.DE (Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities) are both exchange-traded funds - AAPY.DE is a Derivative Income fund actively managed by Leverage Shares, while MBZ3.DE is a Leveraged Equities fund tracking the iSTOXX 3x Leveraged MBG Index. AAPY.DE is actively managed, while MBZ3.DE is passively managed. Over the past year, AAPY.DE returned 16.32% vs -25.66% for MBZ3.DE. At a 0.19 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.75%/yr for MBZ3.DE.
Performance
AAPY.DE vs. MBZ3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.DE achieves a 4.64% return, which is significantly higher than MBZ3.DE's -42.95% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 8.49%
- YTD
- 4.64%
- 6M
- 2.11%
- 1Y
- 16.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MBZ3.DE
- 1D
- -4.98%
- 1M
- -8.31%
- YTD
- -42.95%
- 6M
- -47.72%
- 1Y
- -25.66%
- 3Y*
- -43.18%
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. MBZ3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
MBZ3.DE Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities | -42.95% | 18.19% | 1.67% |
Correlation
The correlation between AAPY.DE and MBZ3.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.19 |
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Return for Risk
AAPY.DE vs. MBZ3.DE — Risk / Return Rank
AAPY.DE
MBZ3.DE
AAPY.DE vs. MBZ3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) and Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.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.
| AAPY.DE | MBZ3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.51 | +1.07 |
| Martin ratioReturn relative to average drawdown | 1.11 | -1.03 | +2.14 |
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
| AAPY.DE | MBZ3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.34 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.34 | +0.31 |
Drawdowns
AAPY.DE vs. MBZ3.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, smaller than the maximum MBZ3.DE drawdown of -86.65%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and MBZ3.DE.
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Drawdown Indicators
| AAPY.DE | MBZ3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -86.65% | +53.38% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -50.20% | +21.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -86.65% | — |
Current DrawdownCurrent decline from peak | -13.75% | -83.98% | +70.23% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -52.10% | +33.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 24.81% | -10.50% |
Volatility
AAPY.DE vs. MBZ3.DE - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) is 4.78%, while Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities (MBZ3.DE) has a volatility of 18.17%. This indicates that AAPY.DE experiences smaller price fluctuations and is considered to be less risky than MBZ3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPY.DE | MBZ3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 18.17% | -13.39% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 53.31% | -35.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 74.64% | -42.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 73.70% | -41.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 73.70% | -41.45% |
AAPY.DE vs. MBZ3.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is lower than MBZ3.DE's 0.75% expense ratio.
Dividends
AAPY.DE vs. MBZ3.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, while MBZ3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
MBZ3.DE Leverage Shares 3x Long Mercedes Benz (MBG) ETP Securities | 0.00% | 0.00% |
Frequently Asked Questions
AAPY.DE and MBZ3.DE have a correlation of 0.16, 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 MBZ3.DE.
AAPY.DE is categorized as Derivative Income, while MBZ3.DE is Leveraged Equities. Their fees differ too: 0.55% for AAPY.DE and 0.75% for MBZ3.DE.
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