NVDI.L vs. 3AAP.L
NVDI.L (IncomeShares NVIDIA NVDA Options ETP) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both exchange-traded funds - NVDI.L is a Options Trading fund actively managed by Leverage Shares, while 3AAP.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index. NVDI.L is actively managed, while 3AAP.L is passively managed. Over the past year, NVDI.L returned 19.99% vs 160.00% for 3AAP.L. At a 0.25 correlation, their price movements are largely independent. NVDI.L charges 0.55%/yr vs 0.75%/yr for 3AAP.L.
Performance
NVDI.L vs. 3AAP.L - Performance Comparison
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Different Trading Currencies
NVDI.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, NVDI.L achieves a -0.43% return, which is significantly lower than 3AAP.L's 29.54% return.
NVDI.L
- 1D
- 0.00%
- 1M
- 8.35%
- YTD
- -0.43%
- 6M
- 2.01%
- 1Y
- 19.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3AAP.L
- 1D
- -0.93%
- 1M
- 33.82%
- YTD
- 29.54%
- 6M
- 17.70%
- 1Y
- 160.00%
- 3Y*
- 19.18%
- 5Y*
- 22.83%
- 10Y*
- —
NVDI.L vs. 3AAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.43% | 16.65% | -7.10% |
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 29.54% | -22.82% | 24.05% |
Correlation
The correlation between NVDI.L and 3AAP.L 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 Jul 24, 2024 | 0.25 |
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Return for Risk
NVDI.L vs. 3AAP.L — Risk / Return Rank
NVDI.L
3AAP.L
NVDI.L vs. 3AAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA NVDA Options ETP (NVDI.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.
| NVDI.L | 3AAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.55 | -2.63 |
| Martin ratioReturn relative to average drawdown | 2.00 | 7.08 | -5.09 |
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
| NVDI.L | 3AAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.60 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.42 | -0.32 |
Drawdowns
NVDI.L vs. 3AAP.L - Drawdown Comparison
The maximum NVDI.L drawdown since its inception was -31.39%, smaller than the maximum 3AAP.L drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for NVDI.L and 3AAP.L.
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Drawdown Indicators
| NVDI.L | 3AAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.39% | -78.42% | +47.03% |
Max Drawdown (1Y)Largest decline over 1 year | -21.59% | -44.81% | +23.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.42% | — |
Current DrawdownCurrent decline from peak | -9.62% | -2.86% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -35.89% | +25.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | 22.48% | -12.50% |
Volatility
NVDI.L vs. 3AAP.L - Volatility Comparison
The current volatility for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) is 10.09%, while Leverage Shares 3x Apple ETP Securities GBP (3AAP.L) has a volatility of 15.12%. This indicates that NVDI.L experiences smaller price fluctuations and is considered to be less risky than 3AAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDI.L | 3AAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 15.12% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 49.41% | -29.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 99.40% | -67.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.31% | 88.26% | -48.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 90.10% | -50.79% |
NVDI.L vs. 3AAP.L - Expense Ratio Comparison
NVDI.L has a 0.55% expense ratio, which is lower than 3AAP.L's 0.75% expense ratio.
Dividends
NVDI.L vs. 3AAP.L - Dividend Comparison
NVDI.L's dividend yield for the trailing twelve months is around 20.63%, while 3AAP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3AAP.L Leverage Shares 3x Apple ETP Securities GBP | 0.00% | 0.00% | 0.00% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
Frequently Asked Questions
NVDI.L and 3AAP.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, NVDI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3AAP.L.
NVDI.L is categorized as Options Trading, while 3AAP.L is Leveraged Equities. Their fees differ too: 0.55% for NVDI.L and 0.75% for 3AAP.L.
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