# WisdomTree Palladium 2x Daily Leveraged (2PAL)

**Source:** https://fundology.uk/fund/2pal · ISIN IE00B94QLN63 · 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 30/09/2026, 2PAL (WisdomTree Palladium 2x Daily Leveraged, ISIN IE00B94QLN63) closed at $6.96 on the London Stock Exchange. Its ongoing charge is 0.95% a year (about £95 on £10,000). Over the five years to 30/09/2026 its total return was −89.7%, or −92.0% after UK CPIH inflation.

## Summary

WisdomTree Palladium 2x Daily Leveraged is an exchange-traded fund (ETF) 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: **$6.96** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2PAL |
| ISIN | IE00B94QLN63 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | Solactive Palladium Commodity Futures SL Index - Benchmark TR Gross |
| Ongoing charge | 0.95% a year (£95 per £10,000) |
| Fund size | £8.0m |
| Launched | 2013 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

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 | -42.70% | -44.49% | income reinvested |
| 3 years | -64.60% | -68.05% | income reinvested |
| 5 years | -89.74% | -91.98% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 −46.8%, 2025 +240.8%; 2026 to 30/09/2026 −73.4%. Returns of WisdomTree Palladium 2x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: −45.1%; to 30/09/2025: +28.7%; to 30/09/2024: −50.7%; to 30/09/2023: −76.2%; to 30/09/2022: +13.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -28.5% | -34.6% | Price |
| 2023 | -69.6% | -70.8% | Price |
| 2024 | -46.8% | -48.6% | Price |
| 2025 | +240.8% | +229.1% | Price |
| 2026 to 30/09/2026 | -73.4% | -74.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 97.41% | -73.35% |
| 3 years | 89.86% | -73.35% |
| 5 years | 88.96% | -95.46% |

## Largest fall

Volatility of WisdomTree Palladium 2x Daily Leveraged in pounds, annualised from weekly returns to 30/09/2026: 97.4% over 1 year, 89.9% over 3 years, 89.0% over 5 years. Largest fall in the price of WisdomTree Palladium 2x Daily Leveraged since October 2021, in pounds: −95.5% from 04/03/2022 to 11/04/2025. 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 30/09/2026 the price of WisdomTree Palladium 2x Daily Leveraged was 95.4% below its highest weekly close since October 2021 (04/03/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Palladium 2x Daily Leveraged 0.95% a year, as of 01/10/2026: 153 of the 280 other leveraged and inverse products charge more, 1 the same and 126 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.95%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.