XS2D.L vs. 3APE.L
XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) and 3APE.L (Leverage Shares 3x Apple ETC EUR) are both Leveraged Equities funds - XS2D.L tracks the S&P 500 2x Leveraged Daily Index while 3APE.L tracks the iSTOXX Leveraged 3X AAPL Index. Both are passively managed. Over the past 5 years, XS2D.L returned 18.77%/yr vs 11.49%/yr for 3APE.L. A 0.63 correlation means they provide meaningful diversification when combined. XS2D.L charges 0.60%/yr vs 0.75%/yr for 3APE.L.
Performance
XS2D.L vs. 3APE.L - Performance Comparison
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Different Trading Currencies
XS2D.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, XS2D.L achieves a 17.62% return, which is significantly lower than 3APE.L's 28.09% return.
XS2D.L
- 1D
- 0.45%
- 1M
- -0.38%
- 6M
- 17.03%
- YTD
- 17.62%
- 1Y
- 39.21%
- 3Y*
- 33.50%
- 5Y*
- 18.77%
- 10Y*
- 23.61%
3APE.L
- 1D
- 0.00%
- 1M
- 14.88%
- 6M
- 50.99%
- YTD
- 28.09%
- 1Y
- 138.54%
- 3Y*
- 15.77%
- 5Y*
- 11.49%
- 10Y*
- —
XS2D.L vs. 3APE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C | 17.62% | 26.58% | 45.65% | 48.87% | -39.09% | 63.03% | 41.85% |
3APE.L Leverage Shares 3x Apple ETC EUR | 28.09% | -22.68% | 67.09% | 165.81% | -75.72% | 87.26% | 243.47% |
Correlation
The correlation between XS2D.L and 3APE.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.63 |
The correlation between XS2D.L and 3APE.L shifts across timeframes, from 0.45 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XS2D.L vs. 3APE.L — Risk / Return Rank
XS2D.L
3APE.L
XS2D.L vs. 3APE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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.
| XS2D.L | 3APE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.31 | -1.01 |
| Martin ratioReturn relative to average drawdown | 9.10 | 7.39 | +1.71 |
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Drawdowns
XS2D.L vs. 3APE.L - Drawdown Comparison
The maximum XS2D.L drawdown since its inception was -59.31%, smaller than the maximum 3APE.L drawdown of -78.44%. Use the drawdown chart below to compare losses from any high point for XS2D.L and 3APE.L.
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Drawdown Indicators
| XS2D.L | 3APE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.31% | -78.44% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.91% | -41.80% | +24.89% |
Max Drawdown (3Y)Largest decline over 3 years | -34.83% | -72.59% | +37.76% |
Max Drawdown (5Y)Largest decline over 5 years | -46.01% | -78.44% | +32.43% |
Max Drawdown (10Y)Largest decline over 10 years | -59.31% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -4.59% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -35.50% | +26.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 18.75% | -14.45% |
Volatility
XS2D.L vs. 3APE.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) is 5.61%, while Leverage Shares 3x Apple ETC EUR (3APE.L) has a volatility of 29.62%. This indicates that XS2D.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
| XS2D.L | 3APE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 29.62% | -24.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 60.10% | -41.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 78.40% | -54.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.89% | 81.31% | -49.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 83.96% | -51.62% |
XS2D.L vs. 3APE.L - Expense Ratio Comparison
XS2D.L has a 0.60% expense ratio, which is lower than 3APE.L's 0.75% expense ratio.
Dividends
XS2D.L vs. 3APE.L - Dividend Comparison
Neither XS2D.L nor 3APE.L has paid dividends to shareholders.
Frequently Asked Questions
XS2D.L and 3APE.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XS2D.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XS2D.L is cheaper with a 0.60% expense ratio, compared with 0.75% for 3APE.L.
XS2D.L tracks S&P 500 2x Leveraged Daily Index, while 3APE.L tracks iSTOXX Leveraged 3X AAPL Index. They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.60% for XS2D.L and 0.75% for 3APE.L.
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