# Leverage Shares 2x Facebook ETP (2FB) **Page:** https://fundology.uk/fund/2fb · ISIN IE00BF03XP94 ## 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, 2FB (Leverage Shares 2x Facebook ETP, ISIN IE00BF03XP94) closed at £22.83 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 −12.1%, or −31.4% after UK CPIH inflation. ## Summary 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:** 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: **£22.83** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 2FB | | ISIN | IE00BF03XP94 | | Also listed as | FB2 (London Stock Exchange, US dollars), FB2E (London Stock Exchange, euros) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | Leverage Shares | | Tracks | ICE Leveraged 2x FB | | Income | Accumulating | | Ongoing charge | 2.28% a year (£228 per £10,000) | | Fund size | £864k | | Launched | 2017 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2021 | ## 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 | -22.19% | -24.94% | income reinvested | | 3 years | +70.54% | +54.08% | income reinvested | | 5 years | -12.08% | -31.38% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 13/11/2026 −22.1%. 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%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -92.2% | -92.8% | Price | | 2023 | +597.1% | +569.4% | Price | | 2024 | +133.9% | +125.9% | Price | | 2025 | -15.8% | -18.7% | Price | | 2026 to 13/11/2026 | -22.1% | -24.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 89.66% | -47.72% | | 3 years | 75.64% | -64.06% | | 5 years | 88.54% | -95.38% | ## Largest fall Volatility of Leverage Shares 2x Facebook ETP in pounds, annualised from weekly returns to 13/11/2026: 89.7% over 1 year, 75.6% over 3 years, 88.5% 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 13/11/2026 the price of Leverage Shares 2x Facebook ETP was 55.0% below its highest weekly close since November 2021 (14/02/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 2x Facebook 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 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 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 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 13/11/2026 −22.1%. Past performance is not a guide to future returns. **How has 2FB done after inflation?** Over the five years to 13/11/2026 2FB’s total return was −12.1%, or −31.4% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.