# Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- (0XBE)

**Page:** https://fundology.uk/fund/0xbe · ISIN FR0011036268

## 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, 0XBE (Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc-, ISIN FR0011036268) closed at €0.2659 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its total return was −87.4%, or −90.2% after UK CPIH inflation.

## Summary

Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- is an exchange-traded fund (ETF) from Amundi, launched in 2011. 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 0.6% a year — about £60 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: **€0.2659** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0XBE |
| ISIN | FR0011036268 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | Amundi |
| Tracks | IBEX 35 Double Short |
| Income | Accumulating |
| Ongoing charge | 0.60% a year (£60 per £10,000) |
| Fund size | £29.9m |
| Launched | 2011 |
| Domicile | France |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/04/2018 |

## 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 | -39.63% | -41.77% | income reinvested |
| 3 years | -81.77% | -83.53% | income reinvested |
| 5 years | -87.45% | -90.20% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- in pounds (price, with income reinvested in the fund): 2022 −2.9%, 2023 −38.2%, 2024 −30.7%, 2025 −57.0%; 2026 to 13/11/2026 −32.0%. Returns of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −42.2%; to 30/09/2025: −43.3%; to 30/09/2024: −41.4%; to 30/09/2023: −45.5%; to 30/09/2022: +20.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.9% | -11.2% | Price |
| 2023 | -38.2% | -40.7% | Price |
| 2024 | -30.7% | -33.0% | Price |
| 2025 | -57.0% | -58.4% | Price |
| 2026 to 13/11/2026 | -32.0% | -34.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 32.56% | -45.06% |
| 3 years | 30.44% | -82.82% |
| 5 years | 33.03% | -90.35% |

## Largest fall

Volatility of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- in pounds, annualised from weekly returns to 13/11/2026: 32.6% over 1 year, 30.4% over 3 years, 33.0% over 5 years. Largest fall in the price of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- since November 2021, in pounds: −90.4% from 30/09/2022 to 13/11/2026. The lowest 12-month return of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- in pounds (price, with income reinvested in the fund) since January 2021 was −57.8% (12 months to 09/01/2026); the highest was +24.4% (12 months to 14/10/2022). On 13/11/2026 the price of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- was 90.4% below its highest weekly close since November 2021 (30/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.60%** per year (as of 13/11/2026)
- 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.

## What it holds

0XBE is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index.

### Top holdings

Largest positions (as of 11/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Progressive | [PGR](https://fundology.uk/stock/PGR) | 6.98% |
| 2 | GE Aerospace | [GE](https://fundology.uk/stock/GE) | 5.58% |
| 3 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 5.27% |
| 4 | Estee Lauder Companies | [EL](https://fundology.uk/stock/NYSE:EL) | 5.18% |
| 5 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 4.97% |
| 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 4.77% |
| 7 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 4.72% |
| 8 | Vertex Pharmaceuticals | [VRTX](https://fundology.uk/stock/VRTX) | 4.60% |
| 9 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 4.53% |
| 10 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 4.51% |

The 28 holdings on record (of 29 reported): https://fundology.uk/fund/0xbe/holdings

## Questions people ask

**What is the ongoing charge of 0XBE?**

The ongoing charge of 0XBE is 0.60% a year — about £60 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 Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF -Acc- 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once).

**What does 0XBE track?**

0XBE tracks the IBEX 35 Double Short.

**Is 0XBE accumulating or distributing?**

0XBE 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 0XBE?**

The ISIN of 0XBE is FR0011036268. An ISIN identifies one exact share class of a fund; 0XBE is its ticker on the London Stock Exchange.

**What does 0XBE hold?**

0XBE is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index.

**What were 0XBE’s returns in each of the last five years?**

Calendar-year returns of 0XBE in pounds (price, with income reinvested in the fund): 2022 −2.9%, 2023 −38.2%, 2024 −30.7%, 2025 −57.0%; 2026 to 13/11/2026 −32.0%. Past performance is not a guide to future returns.

**How has 0XBE done after inflation?**

Over the five years to 13/11/2026 0XBE’s total return was −87.4%, or −90.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/equity/amundi-ibex-35-doble-inverso-diario-2x-ucits-etf-acc/fr0011036268)
- Links checked 12/10/2026.

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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.