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AAP2
-0.28 · -0.56%
£48.54 · LSE

Leverage Shares 2x Apple ETP Securities (AAP2) ETF Analysis | Trading - Leveraged/Inverse Equity

Leverage Shares Public Limited Company · Ireland
AUM:$3.3M
#– of – in Trading - Leveraged/Inverse Equity ETFs
ⓘ
Reward Rating
50
Moderate
44.46% 1Y return
ⓘ
Risk Rating
90
High
Risk Assessment

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 44.5% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 1.75% — above average for this category.

What is AAP2?

Leverage Shares 2x Apple ETP Securities A tracks its benchmark index, providing diversified exposure across 1 holdings. Its ongoing charge is 1.75%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
AAP2 delivered 44.5% over the past year. Historical returns only — past performance is not indicative of future results.
Higher Cost Profile
Ongoing charge of 1.75% is above average. Verify whether the strategy justifies the cost.
Concentrated Holdings
Top 10 holdings account for 200.0% of the ETF — significant weight in a small number of names.
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The brief on Leverage Shares 2x Apple ETP Securities

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Openbook Analysis

Performance: Moderate (50)

The scoring profile reflects moderate historical performance, with a 44.5% 1-year return (historical). The ongoing charge of 1.75% should be considered against long-term return expectations. Risk indicators are high, reflecting meaningful price sensitivity (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM$3.3M
Ongoing Charge1.75%
Dividend Yield0.00%
Holdings1
Inception DateDec 2017
DomicileIreland
Distribution–
Index–
ProviderLeverage Shares Public Limited Company
Beta–
CategoryTrading - Leveraged/Inverse Equity
CurrencyUSD
Top holdings
Portfolio Impact

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6168
+7 points · better diversified
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Openbook price history2017-12-13 — 2026-09-14Daily adjusted close · 1,168 observations · source quote units
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Studies, appearance & dates

Price & display

Indicators

Wilder-smoothed relative strength, with 30 / 70 reference levels.

Periods count trading sessions. Studies use all loaded observations before zooming; short histories may not have enough data. Settings are remembered on this browser. Sign in to keep them on your account.

Date range

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Uses ISF.L (iShares FTSE 100 ETF)

Performance Metrics

Historical returns

6M
+60.8%
1Y
+75.5%
3Y
+129.2%
5Y
+152.8%
OpenBook InsightIf you had invested £10,000 in AAP2 5 years ago, it would have grown to £25,280 — a gain of £15,280.

Annual Returns

Calendar year performance

AAP2 delivered positive returns in 4 of the last 5 calendar years.
YearAAP2
2026 YTD+37.1%
2025+1.5%
2024+61.3%
2023+123.8%
2022-55.1%
CAGR 4yr+13.2%
4/5 positive yearsAvg return: +33.7%Worst year: -55.1% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
49.6%
Very High
Momentum
+18.4%
30-day change
Support Level
62.34
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Momentum is upward with a 18.4% move over 30 days.
  • Elevated volatility indicates higher short-term price variability and risk.

Reward Rating Breakdown

Our reward rating analyses AAP2's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
50
Moderate REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?
Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses AAP2 using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
90
High RISK
Data Coverage: 67%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.
Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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