# Leverage Shares 2x Alibaba ETP (2BAB)

**Source:** https://fundology.uk/fund/2bab · ISIN IE00BK5C1C97 · 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 05/10/2026, 2BAB (Leverage Shares 2x Alibaba ETP, ISIN IE00BK5C1C97) closed at £0.654 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the three years to 05/10/2026 its total return was −26.2%, or −33.4% after UK CPIH inflation.

## Summary

Leverage Shares 2x Alibaba 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 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: **£0.654** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2BAB |
| ISIN | IE00BK5C1C97 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 2X BABA (USD)(NR) |
| Income | Accumulating |
| Ongoing charge | 2.28% a year (£228 per £10,000) |
| Fund size | £325k |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 05/10/2026)

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 | -75.05% | -75.84% | income reinvested |
| 3 years | -26.21% | -33.41% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of Leverage Shares 2x Alibaba ETP 2.28% a year, as of 03/10/2026: 79 of the 259 other leveraged and inverse products charge more, 12 the same and 168 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.28%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What is the ongoing charge of 2BAB?**

The ongoing charge of 2BAB 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 Alibaba ETP 2.28% a year, as of 03/10/2026: 79 of the 259 other leveraged and inverse products charge more, 12 the same and 168 less (share classes counted once).

**What does 2BAB track?**

2BAB tracks the iSTOXX Leveraged 2X BABA (USD)(NR).

**Is 2BAB accumulating or distributing?**

2BAB 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 2BAB?**

The ISIN of 2BAB is IE00BK5C1C97. An ISIN identifies one exact share class of a fund; 2BAB is its ticker on the London Stock Exchange.

**How has 2BAB done after inflation?**

Over the three years to 05/10/2026 2BAB’s total return was −26.2%, or −33.4% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.