UNHG vs. 3AAP.L

Last updated Jul 14, 2026

UNHG (Leverage Shares 2x Long UNH Daily ETF) and 3AAP.L (Leverage Shares 3x Apple ETP Securities GBP) are both Leveraged Equities funds from Leverage Shares. UNHG is actively managed, while 3AAP.L is passively managed. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.75% expense ratio.

Performance

UNHG vs. 3AAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long UNH Daily ETF (UNHG) and Leverage Shares 3x Apple ETP Securities GBP (3AAP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UNHG 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

UNHG

• 1D: 2.19%
• 1M: 9.63%
• 6M: 36.65%
• YTD: 44.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

3AAP.L

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHG vs. 3AAP.L - Yearly Performance Comparison

	2026 (YTD)
UNHG Leverage Shares 2x Long UNH Daily ETF	-1.31%
3AAP.L Leverage Shares 3x Apple ETP Securities GBP	-0.62%

Correlation

The correlation between UNHG and 3AAP.L is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	1.00

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long UNH Daily ETF (UNHG) 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.

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.

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

Drawdowns

UNHG vs. 3AAP.L - Drawdown Comparison

The maximum UNHG drawdown since its inception was -57.00%, which is greater than 3AAP.L's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for UNHG and 3AAP.L.

Drawdown Indicators

	UNHG	3AAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.00%	-0.62%	-56.38%
Current Drawdown Current decline from peak	-1.31%	-0.62%	-0.69%
Average Drawdown Average peak-to-trough decline	-20.43%	-0.62%	-19.81%

Volatility

Volatility by Period

	UNHG	3AAP.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.68%	6.98%	+72.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.68%	6.98%	+72.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.68%	6.98%	+72.70%

UNHG vs. 3AAP.L - Expense Ratio Comparison

Both UNHG and 3AAP.L have an expense ratio of 0.75%.

Dividends

UNHG vs. 3AAP.L - Dividend Comparison

UNHG's dividend yield for the trailing twelve months is around 7.83%, while 3AAP.L has not paid dividends to shareholders.

Position	TTM	2025
3AAP.L Leverage Shares 3x Apple ETP Securities GBP	0.00%	0.00%
UNHG Leverage Shares 2x Long UNH Daily ETF	7.83%	11.30%

Frequently Asked Questions

Can I hold both UNHG and 3AAP.L in my portfolio?

With a correlation of 1.00, UNHG and 3AAP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UNHG or 3AAP.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHG or 3AAP.L?

UNHG and 3AAP.L have the same expense ratio: 0.75% per year.