AAPY.L vs. 3NIE.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and 3NIE.L (Leverage Shares 3x Long NIO ETP Securities) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while 3NIE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x NIO Index. AAPY.L is actively managed, while 3NIE.L is passively managed. At a 0.16 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.75%/yr for 3NIE.L.
Performance
AAPY.L vs. 3NIE.L - Performance Comparison
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Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than 3NIE.L's -29.41% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3NIE.L
- 1D
- -2.04%
- 1M
- -16.76%
- YTD
- -29.41%
- 6M
- -20.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. 3NIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -1.78% |
3NIE.L Leverage Shares 3x Long NIO ETP Securities | -29.41% | -21.24% |
Correlation
The correlation between AAPY.L and 3NIE.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.16 |
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Return for Risk
AAPY.L vs. 3NIE.L — Risk / Return Rank
AAPY.L
3NIE.L
AAPY.L vs. 3NIE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Apple (AAPL) Options ETP (AAPY.L) and Leverage Shares 3x Long NIO ETP Securities (3NIE.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.
| AAPY.L | 3NIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | — | — |
| Martin ratioReturn relative to average drawdown | 2.36 | — | — |
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.L | 3NIE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.39 | +0.59 |
Drawdowns
AAPY.L vs. 3NIE.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, smaller than the maximum 3NIE.L drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for AAPY.L and 3NIE.L.
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Drawdown Indicators
| AAPY.L | 3NIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -60.65% | +30.40% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | — | — |
Current DrawdownCurrent decline from peak | -4.43% | -49.83% | +45.40% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -36.22% | +25.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | — | — |
Volatility
AAPY.L vs. 3NIE.L - Volatility Comparison
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Volatility by Period
| AAPY.L | 3NIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 175.21% | -155.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 175.21% | -150.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 175.21% | -150.87% |
AAPY.L vs. 3NIE.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is lower than 3NIE.L's 0.75% expense ratio.
Dividends
AAPY.L vs. 3NIE.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, while 3NIE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3NIE.L Leverage Shares 3x Long NIO ETP Securities | 0.00% | 0.00% | 0.00% |
AAPY.L IncomeShares Apple (AAPL) Options ETP | 11.15% | 10.77% | 1.08% |
Frequently Asked Questions
AAPY.L and 3NIE.L 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.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAPY.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3NIE.L.
AAPY.L is categorized as Derivative Income, while 3NIE.L is Leveraged Equities. Their fees differ too: 0.55% for AAPY.L and 0.75% for 3NIE.L.
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