# Leverage Shares 2x Amazon ETP (2AMZ) **Page:** https://fundology.uk/fund/2amz · ISIN IE00BF03XH11 ## 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, 2AMZ (Leverage Shares 2x Amazon ETP, ISIN IE00BF03XH11) closed at £66.35 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the five years to 13/11/2026 its total return was −16.8%, or −35.1% after UK CPIH inflation. ## Summary Leverage Shares 2x Amazon ETP is an exchange-traded product from Leverage Shares, launched in 2017. 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 2.28% a year — about £228 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: **£66.35** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 2AMZ | | ISIN | IE00BF03XH11 | | Also listed as | AMZ2 (London Stock Exchange, US dollars), AMZE (London Stock Exchange, euros) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | Leverage Shares | | Tracks | ICE Leveraged 2x AMZN | | Income | Accumulating | | Ongoing charge | 2.28% a year (£228 per £10,000) | | Fund size | £4.7m | | Launched | 2017 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2025 | ## 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 | -6.70% | -10.01% | income reinvested | | 3 years | +82.96% | +65.30% | income reinvested | | 5 years | -16.81% | -35.07% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Leverage Shares 2x Amazon ETP in pounds (price, with income reinvested in the fund): 2022 −80.0%, 2023 +165.8%, 2024 +85.9%, 2025 −24.7%; 2026 to 13/11/2026 +18.0%. Returns of Leverage Shares 2x Amazon ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.5%; to 30/09/2025: +11.9%; to 30/09/2024: +69.9%; to 30/09/2023: −11.8%; to 30/09/2022: −51.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -80.0% | -81.7% | Price | | 2023 | +165.8% | +155.2% | Price | | 2024 | +85.9% | +79.6% | Price | | 2025 | -24.7% | -27.3% | Price | | 2026 to 13/11/2026 | +18.0% | +14.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 72.59% | -36.40% | | 3 years | 60.06% | -53.91% | | 5 years | 65.00% | -83.70% | ## Largest fall Volatility of Leverage Shares 2x Amazon ETP in pounds, annualised from weekly returns to 13/11/2026: 72.6% over 1 year, 60.1% over 3 years, 65.0% over 5 years. Largest fall in the price of Leverage Shares 2x Amazon ETP since November 2021, in pounds: −83.7% from 19/11/2021 to 30/12/2022. The lowest 12-month return of Leverage Shares 2x Amazon ETP in pounds (price, with income reinvested in the fund) since January 2021 was −80.2% (12 months to 23/12/2022); the highest was +189.2% (12 months to 12/04/2024). On 13/11/2026 the price of Leverage Shares 2x Amazon ETP was 28.5% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 2x Amazon ETP 2.28% a year. Compared on 14/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **2.28%** per year (as of 14/10/2026) - 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 2AMZ?** The ongoing charge of 2AMZ is 2.28% a year — about £228 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 2x Amazon ETP 2.28% a year. Compared on 14/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once). **What does 2AMZ track?** 2AMZ tracks the ICE Leveraged 2x AMZN. **Is 2AMZ accumulating or distributing?** 2AMZ 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 2AMZ?** The ISIN of 2AMZ is IE00BF03XH11. An ISIN identifies one exact share class of a fund; 2AMZ is its ticker on the London Stock Exchange. The same share class is also listed as AMZ2 (London Stock Exchange, US dollars) and AMZE (London Stock Exchange, euros). **What were 2AMZ’s returns in each of the last five years?** Calendar-year returns of 2AMZ in pounds (price, with income reinvested in the fund): 2022 −80.0%, 2023 +165.8%, 2024 +85.9%, 2025 −24.7%; 2026 to 13/11/2026 +18.0%. Past performance is not a guide to future returns. **How has 2AMZ done after inflation?** Over the five years to 13/11/2026 2AMZ’s total return was −16.8%, or −35.1% 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.