# Leverage Shares 2x Tesla ETP (2TSL)

**Source:** https://fundology.uk/fund/2tsl · ISIN IE00BK5BZY66 · 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, 2TSL (Leverage Shares 2x Tesla ETP, ISIN IE00BK5BZY66) closed at £70.95 on the London Stock Exchange. Its ongoing charge is 2.28% a year (about £228 on £10,000). Over the five years to 30/09/2026 its total return was −65.2%, or −72.8% 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: **£70.95** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2TSL |
| ISIN | IE00BK5BZY66 |
| 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 | £5.6m |
| Launched | 2020 |
| 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 | -52.60% | -54.09% | income reinvested |
| 3 years | -48.17% | -53.23% | income reinvested |
| 5 years | -65.17% | -72.77% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 +90.0%, 2025 −31.1%; 2026 to 30/09/2026 −58.8%. Returns of Leverage Shares 2x Tesla ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −51.6%; to 30/09/2025: +57.0%; to 30/09/2024: −34.7%; to 30/09/2023: −50.9%; to 30/09/2022: −9.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -92.3% | -92.9% | Price |
| 2023 | +195.0% | +183.3% | Price |
| 2024 | +90.0% | +83.5% | Price |
| 2025 | -31.1% | -33.4% | Price |
| 2026 to 30/09/2026 | -58.8% | -59.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 81.69% | -66.84% |
| 3 years | 107.38% | -78.18% |
| 5 years | 113.20% | -95.62% |

## Largest fall

Volatility of Leverage Shares 2x Tesla ETP in pounds, annualised from weekly returns to 30/09/2026: 81.7% over 1 year, 107.4% over 3 years, 113.2% over 5 years. Largest fall in the price of Leverage Shares 2x Tesla ETP since October 2021, in pounds: −95.6% from 05/11/2021 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 30/09/2026 the price of Leverage Shares 2x Tesla ETP was 91.4% below its highest weekly close since October 2021 (05/11/2021), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 2x Tesla ETP 2.28% a year, as of 01/10/2026: 80 of the 280 other leveraged and inverse products charge more, 12 the same and 188 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.28%** 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.