MAGD.L vs. 3AAP.L

Last updated Apr 2, 2026

Compare and contrast key facts about IncomeShares Magnificent 7 Options ETP (MAGD.L) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.L).

MAGD.L and 3AAP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAGD.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025. 3AAP.L is a passively managed fund by Leverage Shares that tracks the performance of the iSTOXX Leveraged 3X AAPL Index. It was launched on Jun 4, 2020.

Performance

MAGD.L vs. 3AAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Magnificent 7 Options ETP (MAGD.L) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.L). The values are adjusted to include any dividend payments, if applicable.

MAGD.L vs. 3AAP.L - Yearly Performance Comparison

	2026 (YTD)	2025
MAGD.L IncomeShares Magnificent 7 Options ETP	-19.75%	10.94%
3AAP.L Leverage Shares 3x Apple ETP Securities GBP	-25.20%	116.84%

Different Trading Currencies

MAGD.L is traded in USD, while 3AAP.L is traded in GBp. To make them comparable, the 3AAP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MAGD.L achieves a -19.75% return, which is significantly higher than 3AAP.L's -25.20% return.

MAGD.L

• 1D: -0.82%
• 1M: -5.00%
• YTD: -19.75%
• 6M: -19.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

3AAP.L

• 1D: 6.61%
• 1M: -13.25%
• YTD: -25.20%
• 6M: -14.75%
• 1Y: -5.73%
• 3Y*: 10.75%
• 5Y*: 10.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAGD.L vs. 3AAP.L - Expense Ratio Comparison

MAGD.L has a 0.45% expense ratio, which is lower than 3AAP.L's 0.75% expense ratio.

3AAP.L

Leverage Shares 3x Apple ETP Securities GBP

MAGD.L

IncomeShares Magnificent 7 Options ETP

Return for Risk

MAGD.L vs. 3AAP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3AAP.L

3AAP.L Risk / Return Rank: 15
3AAP.L Sharpe Ratio Rank: 10
3AAP.L Sortino Ratio Rank: 23
3AAP.L Omega Ratio Rank: 23
3AAP.L Calmar Ratio Rank: 8
3AAP.L Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGD.L vs. 3AAP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Magnificent 7 Options ETP (MAGD.L) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MAGD.L	3AAP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.70	0.30	-1.00

Correlation

The correlation between MAGD.L and 3AAP.L is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MAGD.L vs. 3AAP.L - Dividend Comparison

MAGD.L's dividend yield for the trailing twelve months is around 0.25%, while 3AAP.L has not paid dividends to shareholders.

	TTM	2025
MAGD.L IncomeShares Magnificent 7 Options ETP	0.25%	0.07%
3AAP.L Leverage Shares 3x Apple ETP Securities GBP	0.00%	0.00%

Drawdowns

MAGD.L vs. 3AAP.L - Drawdown Comparison

The maximum MAGD.L drawdown since its inception was -27.28%, smaller than the maximum 3AAP.L drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for MAGD.L and 3AAP.L.

Drawdown Indicators

	MAGD.L	3AAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.28%	-75.66%	+48.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-54.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.66%	—
Current Drawdown Current decline from peak	-26.11%	-47.17%	+21.06%
Average Drawdown Average peak-to-trough decline	-8.36%	-35.03%	+26.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.48%	—

Volatility

Volatility by Period

	MAGD.L	3AAP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	62.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.09%	111.62%	-91.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.09%	88.08%	-67.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	90.51%	-70.42%