# Leverage Shares 3x Apple ETP (3AAP) **Page:** https://fundology.uk/fund/3aap · ISIN IE00BK5BZS07 ## 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 13/11/2026, 3AAP (Leverage Shares 3x Apple ETP, ISIN IE00BK5BZS07) closed at £134.69 on the London Stock Exchange. Its ongoing charge is 3.78% a year (about £378 on £10,000). Over the five years to 13/11/2026 its total return was +23.6%, or −3.5% 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: **£134.69** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3AAP | | ISIN | IE00BK5BZS07 | | Also listed as | 3APE (London Stock Exchange, euros), AAP3 (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | Leverage Shares | | Tracks | iSTOXX Leveraged 3X AAPL Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 3.78% a year (£378 per £10,000) | | Fund size | £1.7m | | Launched | 2020 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2021 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +53.37% | +47.94% | income reinvested | | 3 years | +120.00% | +98.76% | income reinvested | | 5 years | +23.63% | -3.50% | income reinvested | Returns: as reported (delayed data). Inflation: UK 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 +51.9%, 2025 −22.0%; 2026 to 13/11/2026 +76.4%. Returns of Leverage Shares 3x Apple ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +62.7%; to 30/09/2025: −10.8%; to 30/09/2024: +60.8%; to 30/09/2023: +14.0%; to 30/09/2022: −9.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -72.6% | -74.9% | Price | | 2023 | +151.7% | +141.7% | Price | | 2024 | +51.9% | +46.7% | Price | | 2025 | -22.0% | -24.7% | Price | | 2026 to 13/11/2026 | +76.4% | +70.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 77.81% | -35.15% | | 3 years | 78.15% | -68.59% | | 5 years | 79.34% | -74.10% | ## Largest fall Volatility of Leverage Shares 3x Apple ETP in pounds, annualised from weekly returns to 13/11/2026: 77.8% over 1 year, 78.1% over 3 years, 79.3% over 5 years. Largest fall in the price of Leverage Shares 3x Apple ETP since November 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 13/11/2026 the price of Leverage Shares 3x Apple ETP was at its highest weekly close since November 2021, in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 3x Apple ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **3.78%** per year (as of 15/10/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of 3AAP?** The ongoing charge of 3AAP 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. Platform and dealing fees are charged separately. Ongoing charge of Leverage Shares 3x Apple ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once). **What does 3AAP track?** 3AAP tracks the iSTOXX Leveraged 3X AAPL Index. **Is 3AAP accumulating or distributing?** 3AAP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 3AAP?** The ISIN of 3AAP is IE00BK5BZS07. An ISIN identifies one exact share class of a fund; 3AAP is its ticker on the London Stock Exchange. The same share class is also listed as 3APE (London Stock Exchange, euros) and AAP3 (London Stock Exchange, US dollars). **What were 3AAP’s returns in each of the last five years?** Calendar-year returns of 3AAP in pounds (price, with income reinvested in the fund): 2022 −72.6%, 2023 +151.7%, 2024 +51.9%, 2025 −22.0%; 2026 to 13/11/2026 +76.4%. Past performance is not a guide to future returns. **How has 3AAP done after inflation?** Over the five years to 13/11/2026 3AAP’s total return was +23.6%, or −3.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.