# Leverage Shares 2x Long Berkshire Hathaway ETP (2BRK)

**Page:** https://fundology.uk/fund/2brk · ISIN XS2399369110

## 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, 2BRK (Leverage Shares 2x Long Berkshire Hathaway ETP, ISIN XS2399369110) closed at £9.55 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the three years to 13/11/2026 its total return was +85.5%, or +67.6% after UK CPIH inflation.

## Summary

Leverage Shares 2x Long Berkshire Hathaway ETP is an exchange-traded product from Leverage Shares, launched in 2021. 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: **£9.55** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2BRK |
| ISIN | XS2399369110 |
| Also listed as | 2BRE (London Stock Exchange, euros), BRK2 (London Stock Exchange, US dollars) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | Berkshire Hathaway Inc. Class B |
| Income | Accumulating |
| Ongoing charge | 2.28% a year (£228 per £10,000) |
| Fund size | £4.9m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 13/12/2021 |

## 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 | +24.82% | +20.40% | income reinvested |
| 3 years | +85.48% | +67.57% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Leverage Shares 2x Long Berkshire Hathaway ETP in pounds (price, with income reinvested in the fund): 2022 +8.3%, 2023 +15.4%, 2024 +48.9%, 2025 −3.1%; 2026 to 13/11/2026 +32.2%. Returns of Leverage Shares 2x Long Berkshire Hathaway ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −9.3%; to 30/09/2025: +3.1%; to 30/09/2024: +38.8%; to 30/09/2023: +39.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +8.3% | -0.9% | Price |
| 2023 | +15.4% | +10.8% | Price |
| 2024 | +48.9% | +43.8% | Price |
| 2025 | -3.1% | -6.4% | Price |
| 2026 to 13/11/2026 | +32.2% | +28.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 30.88% | -22.01% |
| 3 years | 30.76% | -33.79% |

## Largest fall

Volatility of Leverage Shares 2x Long Berkshire Hathaway ETP in pounds, annualised from weekly returns to 13/11/2026: 30.9% over 1 year, 30.8% over 3 years. Largest fall in the price of Leverage Shares 2x Long Berkshire Hathaway ETP since December 2021, in pounds: −39.8% from 25/03/2022 to 17/06/2022. The lowest 12-month return of Leverage Shares 2x Long Berkshire Hathaway ETP in pounds (price, with income reinvested in the fund) since December 2021 was −31.2% (12 months to 24/03/2023); the highest was +68.6% (12 months to 22/03/2024). On 13/11/2026 the price of Leverage Shares 2x Long Berkshire Hathaway ETP was at its highest weekly close since December 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 2x Long Berkshire Hathaway 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 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 2BRK?**

The ongoing charge of 2BRK 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 Long Berkshire Hathaway 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 2BRK track?**

2BRK tracks the Berkshire Hathaway Inc. Class B.

**Is 2BRK accumulating or distributing?**

2BRK 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 2BRK?**

The ISIN of 2BRK is XS2399369110. An ISIN identifies one exact share class of a fund; 2BRK is its ticker on the London Stock Exchange. The same share class is also listed as 2BRE (London Stock Exchange, euros) and BRK2 (London Stock Exchange, US dollars).

**What were 2BRK’s returns in each of the last five years?**

Calendar-year returns of 2BRK in pounds (price, with income reinvested in the fund): 2022 +8.3%, 2023 +15.4%, 2024 +48.9%, 2025 −3.1%; 2026 to 13/11/2026 +32.2%. Past performance is not a guide to future returns.

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

Over the three years to 13/11/2026 2BRK’s total return was +85.5%, or +67.6% 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.