Fundology

ETN / ETP · Leverage Shares

2FB Leverage Shares 2x Facebook ETP

ISIN IE00BF03XP94London Stock Exchange: 2FBLeverage Shares LLC

Latest close

LSE

£22.33

on

Ongoing charge
2.28% a year
Fund size
£864k

As of , at least 15 min delayed

At a glance

As of 12/11/2026, 2FB (Leverage Shares 2x Facebook ETP, ISIN IE00BF03XP94) closed at £22.33 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the five years to 12/11/2026 its total return was −12.1%, or −31.4% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 12/11/2026
−22.2%
−24.9% after inflation
3 years to 12/11/2026
+70.5%
+54.1% after inflation
5 years to 12/11/2026
−12.1%
−31.4% after inflation

£1,000 put in five years ago would have been worth about £879 on 12/11/2026 — about £686 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.

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

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of Leverage Shares 2x Facebook ETP in pounds (price, with income reinvested in the fund): 2022 −92.2%, 2023 +597.1%, 2024 +133.9%, 2025 −15.8%; 2026 to 11/11/2026 −20.1%. Returns of Leverage Shares 2x Facebook ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −18.9%; to 30/09/2025: +28.3%; to 30/09/2024: +156.8%; to 30/09/2023: +203.1%; to 30/09/2022: −86.3%.

Calendar-year returns of 2FB, in pounds (price, with income reinvested in the fund), to 11/11/2026
YearReturnAfter inflationReturn shown as a bar
to −20.1%−22.7%
to −15.8%−18.7%
to +133.9%+125.9%
+597.1%+569.4%
−92.2%−92.8%
Returns of 2FB over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from −18.9%−21.7%
from +28.3%+23.3%
from +156.8%+150.3%
from +203.1%+185.0%
from −86.3%−87.4%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

88.4%over 5 years

Volatility, annualised from weekly returns, by period
1 year89.8%
3 years75.7%
5 years88.4%

Annualised from weekly returns. Higher means bumpier.

Largest fall since November 2021
−95.4%
From to
Lowest 12-month return
−95.3%
12 months to
Highest 12-month return
+779.2%
12 months to
Below its highest weekly close since November 2021
53.8%
High of , latest

In words: Volatility of Leverage Shares 2x Facebook ETP in pounds, annualised from weekly returns to 11/11/2026: 89.8% over 1 year, 75.7% over 3 years, 88.4% over 5 years. Largest fall in the price of Leverage Shares 2x Facebook ETP since November 2021, in pounds: −95.4% from 19/11/2021 to 04/11/2022. The lowest 12-month return of Leverage Shares 2x Facebook ETP in pounds (price, with income reinvested in the fund) since January 2021 was −95.3% (12 months to 04/11/2022); the highest was +779.2% (12 months to 03/11/2023). On 11/11/2026 the price of Leverage Shares 2x Facebook ETP was 53.8% below its highest weekly close since November 2021 (14/02/2025), in pounds.

As of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
2.28%
a year
On £10,000
£228
a year, roughly
Over five years
£1,089
of £10,000, before growth
Among 211 leveraged and inverse products, share classes counted once
  • 115 charge less
  • 12 the same
  • 83 charge more

Ongoing charge of Leverage Shares 2x Facebook ETP 2.28% a year. Compared on 12/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

As of

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

Leverage Shares 2x Facebook 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: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.

Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN

Key facts

Ticker
2FB
ISIN
IE00BF03XP94
Also listed as
FB2 (London Stock Exchange, US dollars), FB2E (London Stock Exchange, euros)
Tracks
ICE Leveraged 2x FB
Structure
ETN / ETP
An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
2.28% a year · about £228 on £10,000
Fund size
£864k
Launched
Domicile
Ireland
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£22.33−18.4% over 1 year · closing price
2FB closing price: £27.38 on 14/11/2025, £22.33 on 12/11/2026 (−18.4%); low £18.22, high £34.85.

Over the last year, the closing price went from £27.38 on 14/11/2025 to £22.33 on 12/11/2026 (−18.4%). The lowest close shown was £18.22 on 31/07/2026 and the highest £34.85 on 30/01/2026.

One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.

As of , at least 15 min delayed

Five years of prices, and after inflation

257 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

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How we work it out:Prices and returnsNAV and price

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 249 rolling 12-month returns since January 2021, and of 145 rolling three-year returns, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of 2FB?

The ongoing charge of 2FB 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 Facebook ETP 2.28% a year. Compared on 12/11/2026, 83 of the 210 other leveraged and inverse products charge more, 12 the same and 115 less (share classes counted once).

What does 2FB track?

2FB tracks the ICE Leveraged 2x FB.

Is 2FB accumulating or distributing?

2FB 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 2FB?

The ISIN of 2FB is IE00BF03XP94. An ISIN identifies one exact share class of a fund; 2FB is its ticker on the London Stock Exchange. The same share class is also listed as FB2 (London Stock Exchange, US dollars) and FB2E (London Stock Exchange, euros).

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

Calendar-year returns of 2FB in pounds (price, with income reinvested in the fund): 2022 −92.2%, 2023 +597.1%, 2024 +133.9%, 2025 −15.8%; 2026 to 11/11/2026 −20.1%. Past performance is not a guide to future returns.

How has 2FB done after inflation?

Over the five years to 12/11/2026 2FB’s total return was −12.1%, or −31.4% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More leveraged and inverse products, largest first. Size is a fact, not a verdict.

Fund documents and methods

Methodology:ReturnsCategoriesAll methods

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