AAPY.DE vs. TAI3.DE
AAPY.DE (IncomeShares Apple (AAPL) Options ETP) and TAI3.DE (Leverage Shares 3x Long Taiwan ETP Securities) are both exchange-traded funds - AAPY.DE is a Derivative Income fund actively managed by Leverage Shares, while TAI3.DE is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, AAPY.DE returned 16.32% vs 462.76% for TAI3.DE. At a 0.31 correlation, their price movements are largely independent. AAPY.DE charges 0.55%/yr vs 0.75%/yr for TAI3.DE.
Performance
AAPY.DE vs. TAI3.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 lower than TAI3.DE's 274.40% return.
AAPY.DE
- 1D
- -0.67%
- 1M
- 8.49%
- YTD
- 4.64%
- 6M
- 2.11%
- 1Y
- 16.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TAI3.DE
- 1D
- -4.69%
- 1M
- 33.93%
- YTD
- 274.40%
- 6M
- 281.37%
- 1Y
- 462.76%
- 3Y*
- 86.19%
- 5Y*
- —
- 10Y*
- —
AAPY.DE vs. TAI3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 4.64% | -16.94% | 13.56% |
TAI3.DE Leverage Shares 3x Long Taiwan ETP Securities | 274.40% | 23.95% | -1.91% |
Correlation
The correlation between AAPY.DE and TAI3.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.31 |
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Return for Risk
AAPY.DE vs. TAI3.DE — Risk / Return Rank
AAPY.DE
TAI3.DE
AAPY.DE vs. TAI3.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 Taiwan ETP Securities (TAI3.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 | TAI3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.61 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 15.62 | -15.07 |
| Martin ratioReturn relative to average drawdown | 1.11 | 44.37 | -43.26 |
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 | TAI3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 6.63 | -6.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.02 | -1.04 |
Drawdowns
AAPY.DE vs. TAI3.DE - Drawdown Comparison
The maximum AAPY.DE drawdown since its inception was -33.27%, smaller than the maximum TAI3.DE drawdown of -73.14%. Use the drawdown chart below to compare losses from any high point for AAPY.DE and TAI3.DE.
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Drawdown Indicators
| AAPY.DE | TAI3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -73.14% | +39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -28.47% | -30.10% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.14% | — |
Current DrawdownCurrent decline from peak | -13.75% | -5.18% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -17.43% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.31% | 10.62% | +3.69% |
Volatility
AAPY.DE vs. TAI3.DE - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.DE) is 4.78%, while Leverage Shares 3x Long Taiwan ETP Securities (TAI3.DE) has a volatility of 29.88%. This indicates that AAPY.DE experiences smaller price fluctuations and is considered to be less risky than TAI3.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 | TAI3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 29.88% | -25.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 58.29% | -40.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 70.95% | -38.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 70.35% | -38.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.25% | 70.35% | -38.10% |
AAPY.DE vs. TAI3.DE - Expense Ratio Comparison
AAPY.DE has a 0.55% expense ratio, which is lower than TAI3.DE's 0.75% expense ratio.
Dividends
AAPY.DE vs. TAI3.DE - Dividend Comparison
AAPY.DE's dividend yield for the trailing twelve months is around 11.07%, while TAI3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AAPY.DE IncomeShares Apple (AAPL) Options ETP | 11.07% | 11.36% |
TAI3.DE Leverage Shares 3x Long Taiwan ETP Securities | 0.00% | 0.00% |
Frequently Asked Questions
AAPY.DE and TAI3.DE have a correlation of 0.30, 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 TAI3.DE.
AAPY.DE is categorized as Derivative Income, while TAI3.DE is Leveraged Equities. Their fees differ too: 0.55% for AAPY.DE and 0.75% for TAI3.DE.
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