AAPY.L vs. 3PLT.L
AAPY.L (IncomeShares Apple (AAPL) Options ETP) and 3PLT.L (Leverage Shares 3x Palantir ETP Securities) are both exchange-traded funds - AAPY.L is a Derivative Income fund actively managed by Leverage Shares, while 3PLT.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x PLTR Index. AAPY.L is actively managed, while 3PLT.L is passively managed. Over the past year, AAPY.L returned 17.30% vs -53.69% for 3PLT.L. At a 0.14 correlation, their price movements are largely independent. AAPY.L charges 0.55%/yr vs 0.75%/yr for 3PLT.L.
Performance
AAPY.L vs. 3PLT.L - Performance Comparison
Loading charts...
Different Trading Currencies
AAPY.L is traded in USD, while 3PLT.L is traded in GBp. To make them comparable, the 3PLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAPY.L achieves a 3.14% return, which is significantly higher than 3PLT.L's -69.45% return.
AAPY.L
- 1D
- -1.00%
- 1M
- 6.95%
- YTD
- 3.14%
- 6M
- 1.59%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3PLT.L
- 1D
- -6.02%
- 1M
- 12.97%
- YTD
- -69.45%
- 6M
- -70.12%
- 1Y
- -53.69%
- 3Y*
- 142.30%
- 5Y*
- —
- 10Y*
- —
AAPY.L vs. 3PLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AAPY.L IncomeShares Apple (AAPL) Options ETP | 3.14% | -6.59% | 12.62% |
3PLT.L Leverage Shares 3x Palantir ETP Securities | -69.45% | 173.40% | 535.48% |
Correlation
The correlation between AAPY.L and 3PLT.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.14 |
The correlation between AAPY.L and 3PLT.L shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPY.L vs. 3PLT.L — Risk / Return Rank
AAPY.L
3PLT.L
AAPY.L vs. 3PLT.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 Palantir ETP Securities (3PLT.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 | 3PLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | -0.59 | +1.52 |
| Martin ratioReturn relative to average drawdown | 2.36 | -0.96 | +3.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AAPY.L | 3PLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.34 | +1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.16 | +0.36 |
Drawdowns
AAPY.L vs. 3PLT.L - Drawdown Comparison
The maximum AAPY.L drawdown since its inception was -30.25%, smaller than the maximum 3PLT.L drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for AAPY.L and 3PLT.L.
Loading charts...
Drawdown Indicators
| AAPY.L | 3PLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.25% | -99.90% | +69.65% |
Max Drawdown (1Y)Largest decline over 1 year | -18.86% | -85.07% | +66.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -86.23% | — |
Current DrawdownCurrent decline from peak | -4.43% | -88.36% | +83.93% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -85.14% | +74.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.42% | 52.57% | -45.15% |
Volatility
AAPY.L vs. 3PLT.L - Volatility Comparison
The current volatility for IncomeShares Apple (AAPL) Options ETP (AAPY.L) is 4.71%, while Leverage Shares 3x Palantir ETP Securities (3PLT.L) has a volatility of 50.63%. This indicates that AAPY.L experiences smaller price fluctuations and is considered to be less risky than 3PLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPY.L | 3PLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 50.63% | -45.92% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 110.08% | -95.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 150.58% | -130.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 194.62% | -170.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 194.62% | -170.28% |
AAPY.L vs. 3PLT.L - Expense Ratio Comparison
AAPY.L has a 0.55% expense ratio, which is lower than 3PLT.L's 0.75% expense ratio.
Dividends
AAPY.L vs. 3PLT.L - Dividend Comparison
AAPY.L's dividend yield for the trailing twelve months is around 11.15%, while 3PLT.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3PLT.L Leverage Shares 3x Palantir 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 3PLT.L have a correlation of 0.03, 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 3PLT.L.
AAPY.L is categorized as Derivative Income, while 3PLT.L is Leveraged Equities. Their fees differ too: 0.55% for AAPY.L and 0.75% for 3PLT.L.
Find the right allocation for AAPY.L and 3PLT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer