TLTI.L vs. 3APE.L
TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both exchange-traded funds - TLTI.L is a Derivative Income fund actively managed by Leverage Shares, while 3APE.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3X AAPL Index. TLTI.L is actively managed, while 3APE.L is passively managed. Over the past year, TLTI.L returned 1.07% vs 179.43% for 3APE.L. At a correlation of -0.03, they often move in opposite directions. TLTI.L charges 0.55%/yr vs 0.75%/yr for 3APE.L.
Performance
TLTI.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
TLTI.L is traded in USD, while 3APE.L is traded in EUR. To make them comparable, the 3APE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TLTI.L achieves a -1.11% return, which is significantly lower than 3APE.L's 48.16% return.
TLTI.L
- 1D
- -0.46%
- 1M
- -2.42%
- 6M
- -2.18%
- YTD
- -1.11%
- 1Y
- 1.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3APE.L
- 1D
- 0.00%
- 1M
- 32.62%
- 6M
- 79.50%
- YTD
- 48.16%
- 1Y
- 179.43%
- 3Y*
- 19.80%
- 5Y*
- 14.79%
- 10Y*
- —
TLTI.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | -1.11% | 9,999.74% |
3APE.L Leverage Shares 3x Apple ETC EUR | 48.16% | 82.18% |
Correlation
The correlation between TLTI.L and 3APE.L is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | -0.03 |
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Return for Risk
TLTI.L vs. 3APE.L — Risk / Return Rank
TLTI.L
3APE.L
TLTI.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and Leverage Shares 3x Apple ETC EUR (3APE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLTI.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 4.29 | -4.21 |
| Martin ratioReturn relative to average drawdown | 0.11 | 9.57 | -9.47 |
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Drawdowns
TLTI.L vs. 3APE.L - Drawdown Comparison
The maximum TLTI.L drawdown since its inception was -30.03%, smaller than the maximum 3APE.L drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for TLTI.L and 3APE.L.
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Drawdown Indicators
| TLTI.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.03% | -78.44% | +48.41% |
Max Drawdown (1Y)Largest decline over 1 year | -30.03% | -41.80% | +11.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -72.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.44% | — |
Current DrawdownCurrent decline from peak | -28.96% | 0.00% | -28.96% |
Average DrawdownAverage peak-to-trough decline | -19.51% | -35.45% | +15.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.24% | 18.74% | +4.50% |
Volatility
TLTI.L vs. 3APE.L - Volatility Comparison
The current volatility for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) is 3.39%, while Leverage Shares 3x Apple ETC EUR (3APE.L) has a volatility of 31.18%. This indicates that TLTI.L experiences smaller price fluctuations and is considered to be less risky than 3APE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLTI.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 31.18% | -27.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.01% | 60.98% | -53.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.10% | 79.05% | -36.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,800.84% | 81.43% | +9,719.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,800.84% | 84.03% | +9,716.81% |
TLTI.L vs. 3APE.L - Expense Ratio Comparison
TLTI.L has a 0.55% expense ratio, which is lower than 3APE.L's 0.75% expense ratio.
Dividends
TLTI.L vs. 3APE.L - Dividend Comparison
TLTI.L's dividend yield for the trailing twelve months is around 10.39%, while 3APE.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
3APE.L Leverage Shares 3x Apple ETC EUR | 0.00% | 0.00% |
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP | 10.39% | 2.73% |
Frequently Asked Questions
TLTI.L and 3APE.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3APE.L.
TLTI.L is categorized as Derivative Income, while 3APE.L is Leveraged Equities. Their fees differ too: 0.55% for TLTI.L and 0.75% for 3APE.L.
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