# Leverage Shares 3x Apple ETP (3AAP)

**Source:** https://fundology.uk/fund/3aap · ISIN IE00BK5BZS07 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, 3AAP (Leverage Shares 3x Apple ETP, ISIN IE00BK5BZS07) closed at £115.83 on the London Stock Exchange. Its ongoing charge is 3.78% a year (about £378 on £10,000). Over the five years to 30/09/2026 its total return was +2.3%, or −20.0% after UK CPIH inflation.

## Summary

Leverage Shares 3x Apple ETP is an exchange-traded product from Leverage Shares, launched in 2020. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 3.78% a year — about £378 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **£115.83** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3AAP |
| ISIN | IE00BK5BZS07 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 3X AAPL (USD)(NR) |
| Income | Accumulating |
| Ongoing charge | 3.78% a year (£378 per £10,000) |
| Fund size | £1.4m |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +58.65% | +53.67% | income reinvested |
| 3 years | +121.55% | +99.92% | income reinvested |
| 5 years | +2.32% | -20.01% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares 3x Apple ETP in pounds (price, with income reinvested in the fund): 2022 −72.6%, 2023 +151.7%, 2024 +72.4%, 2025 −29.8%; 2026 to 30/09/2026 +48.5%. Returns of Leverage Shares 3x Apple ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +66.2%; to 30/09/2025: −12.6%; to 30/09/2024: +60.8%; to 30/09/2023: +14.0%; to 30/09/2022: −19.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -72.6% | -74.9% | Price |
| 2023 | +151.7% | +141.7% | Price |
| 2024 | +72.4% | +66.6% | Price |
| 2025 | -29.8% | -32.3% | Price |
| 2026 to 30/09/2026 | +48.5% | +44.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 80.74% | -35.15% |
| 3 years | 79.14% | -68.59% |
| 5 years | 79.29% | -74.10% |

## Largest fall

Volatility of Leverage Shares 3x Apple ETP in pounds, annualised from weekly returns to 30/09/2026: 80.7% over 1 year, 79.1% over 3 years, 79.3% over 5 years. Largest fall in the price of Leverage Shares 3x Apple ETP since October 2021, in pounds: −74.1% from 10/12/2021 to 06/01/2023. The lowest 12-month return of Leverage Shares 3x Apple ETP in pounds (price, with income reinvested in the fund) since January 2021 was −72.6% (12 months to 30/12/2022); the highest was +193.5% (12 months to 22/05/2026). On 30/09/2026 the price of Leverage Shares 3x Apple ETP was 3.2% below its highest weekly close since October 2021 (17/07/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 3x Apple ETP 3.78% a year, as of 01/10/2026: 35 of the 280 other leveraged and inverse products charge more, 21 the same and 224 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.78%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.