# WisdomTree Palladium 2x Daily Leveraged (2PAL) **Page:** https://fundology.uk/fund/2pal · ISIN IE00B94QLN63 ## 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, 2PAL (WisdomTree Palladium 2x Daily Leveraged, ISIN IE00B94QLN63) closed at $4.71 on the London Stock Exchange. Its ongoing charge is 0.95% a year (about £95 on £10,000). Over the five years to 13/11/2026 its total return was −93.7%, or −95.1% after UK CPIH inflation. ## Summary WisdomTree Palladium 2x Daily Leveraged is an exchange-traded commodity (ETC) from WisdomTree, launched in 2013. 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 0.95% a year — about £95 a year on every £10,000 invested, taken from the fund's value rather than billed 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: **$4.71** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 2PAL | | ISIN | IE00B94QLN63 | | Category | Leveraged & inverse | | Type | ETC | | Provider | WisdomTree | | Tracks | Solactive Palladium Commodity Futures SL Index - Benchmark TR Gross | | Ongoing charge | 0.95% a year (£95 per £10,000) | | Fund size | £11.0m | | Launched | 2013 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/07/2012 | ## 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 | -67.16% | -68.32% | income reinvested | | 3 years | -57.14% | -61.28% | income reinvested | | 5 years | -93.66% | -95.06% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of WisdomTree Palladium 2x Daily Leveraged in pounds (price only; the fund pays no income): 2022 −28.5%, 2023 −69.6%, 2024 −44.3%, 2025 +122.1%; 2026 to 13/11/2026 −73.5%. Returns of WisdomTree Palladium 2x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: −43.2%; to 30/09/2025: +24.5%; to 30/09/2024: −50.7%; to 30/09/2023: −76.2%; to 30/09/2022: +17.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -28.5% | -34.6% | Price | | 2023 | -69.6% | -70.8% | Price | | 2024 | -44.3% | -46.2% | Price | | 2025 | +122.1% | +114.5% | Price | | 2026 to 13/11/2026 | -73.5% | -74.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 92.95% | -82.65% | | 3 years | 89.52% | -82.65% | | 5 years | 89.06% | -97.00% | ## Largest fall Volatility of WisdomTree Palladium 2x Daily Leveraged in pounds, annualised from weekly returns to 13/11/2026: 93.0% over 1 year, 89.5% over 3 years, 89.1% over 5 years. Largest fall in the price of WisdomTree Palladium 2x Daily Leveraged since November 2021, in pounds: −97.0% from 04/03/2022 to 30/10/2026. The lowest 12-month return of WisdomTree Palladium 2x Daily Leveraged in pounds (price only; the fund pays no income) since January 2021 was −81.1% (12 months to 10/11/2023); the highest was +240.8% (12 months to 26/12/2025). On 13/11/2026 the price of WisdomTree Palladium 2x Daily Leveraged was 96.9% below its highest weekly close since November 2021 (04/03/2022), in pounds. ## Charges compared with similar funds Ongoing charge of WisdomTree Palladium 2x Daily Leveraged 0.95% a year. Compared on 14/11/2026, 160 of the 210 other leveraged and inverse products charge more, 1 the same and 49 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.95%** per year (as of 13/11/2026) - 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 2PAL?** The ongoing charge of 2PAL is 0.95% a year — about £95 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 WisdomTree Palladium 2x Daily Leveraged 0.95% a year. Compared on 14/11/2026, 160 of the 210 other leveraged and inverse products charge more, 1 the same and 49 less (share classes counted once). **What does 2PAL track?** 2PAL tracks the Solactive Palladium Commodity Futures SL Index. **What is the ISIN of 2PAL?** The ISIN of 2PAL is IE00B94QLN63. An ISIN identifies one exact share class of a fund; 2PAL is its ticker on the London Stock Exchange. **What were 2PAL’s returns in each of the last five years?** Calendar-year returns of 2PAL in pounds (price only; the fund pays no income): 2022 −28.5%, 2023 −69.6%, 2024 −44.3%, 2025 +122.1%; 2026 to 13/11/2026 −73.5%. Past performance is not a guide to future returns. **How has 2PAL done after inflation?** Over the five years to 13/11/2026 2PAL’s total return was −93.7%, or −95.1% 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.