# Leverage Shares 2x Tesla ETP (2TSL) **Page:** https://fundology.uk/fund/2tsl · ISIN IE00BK5BZY66 ## 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, 2TSL (Leverage Shares 2x Tesla ETP, ISIN IE00BK5BZY66) closed at £86.68 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 price changed by −84.7%, or −88.1% after UK CPIH inflation. ## Summary Leverage Shares 2x Tesla ETP is an exchange-traded product from Leverage Shares, launched in 2020. 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: **£86.68** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 2TSL | | ISIN | IE00BK5BZY66 | | Also listed as | 2TSE (London Stock Exchange, euros), TSL2 (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | Leverage Shares | | Tracks | iSTOXX Leverage Shares 2X TSLA Index | | Income | Accumulating | | Ongoing charge | 2.28% a year (£228 per £10,000) | | Fund size | £7.3m | | Launched | 2020 | | 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 | -42.22% | -44.27% | income reinvested | | 3 years | -20.20% | -27.91% | income reinvested | | 5 years | -84.72% | -88.07% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Leverage Shares 2x Tesla ETP in pounds (price, with income reinvested in the fund): 2022 −92.3%, 2023 +195.0%, 2024 +54.5%, 2025 −28.6%; 2026 to 13/11/2026 −40.2%. Returns of Leverage Shares 2x Tesla ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −51.3%; to 30/09/2025: +55.8%; to 30/09/2024: −34.7%; to 30/09/2023: −50.9%; to 30/09/2022: −13.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -92.3% | -92.9% | Price | | 2023 | +195.0% | +183.3% | Price | | 2024 | +54.5% | +49.3% | Price | | 2025 | -28.6% | -31.0% | Price | | 2026 to 13/11/2026 | -40.2% | -42.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 84.45% | -66.84% | | 3 years | 105.87% | -78.18% | | 5 years | 109.84% | -94.41% | ## Largest fall Volatility of Leverage Shares 2x Tesla ETP in pounds, annualised from weekly returns to 13/11/2026: 84.4% over 1 year, 105.9% over 3 years, 109.8% over 5 years. Largest fall in the price of Leverage Shares 2x Tesla ETP since November 2021, in pounds: −94.4% from 19/11/2021 to 06/01/2023. The lowest 12-month return of Leverage Shares 2x Tesla ETP in pounds (price, with income reinvested in the fund) since January 2021 was −93.2% (12 months to 06/01/2023); the highest was +228.5% (12 months to 31/01/2025). On 13/11/2026 the price of Leverage Shares 2x Tesla ETP was 86.6% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 2x Tesla 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 2TSL?** The ongoing charge of 2TSL 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 Tesla 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 2TSL track?** 2TSL tracks the iSTOXX Leverage Shares 2X TSLA Index. **Is 2TSL accumulating or distributing?** 2TSL 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 2TSL?** The ISIN of 2TSL is IE00BK5BZY66. An ISIN identifies one exact share class of a fund; 2TSL is its ticker on the London Stock Exchange. The same share class is also listed as 2TSE (London Stock Exchange, euros) and TSL2 (London Stock Exchange, US dollars). **What were 2TSL’s returns in each of the last five years?** Calendar-year returns of 2TSL in pounds (price, with income reinvested in the fund): 2022 −92.3%, 2023 +195.0%, 2024 +54.5%, 2025 −28.6%; 2026 to 13/11/2026 −40.2%. Past performance is not a guide to future returns. **How has 2TSL done after inflation?** Over the five years to 13/11/2026 2TSL’s price changed by −84.7%, or −88.1% 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.