# Leverage Shares 2x Visa ETP (2VIS)

**Page:** https://fundology.uk/fund/2vis · ISIN IE00BD09ZV33

## 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, 2VIS (Leverage Shares 2x Visa ETP, ISIN IE00BD09ZV33) closed at £82.50 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 +123.5%, or +74.5% after UK CPIH inflation.

## Summary

Leverage Shares 2x Visa 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: **£82.50** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 2VIS |
| ISIN | IE00BD09ZV33 |
| Also listed as | VIS2 (London Stock Exchange, US dollars), VISE (London Stock Exchange, euros), 2VA (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | NYSE Leveraged 2x V Index |
| Income | Accumulating |
| Ongoing charge | 2.28% a year (£228 per £10,000) |
| Fund size | £803k |
| 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 | +38.72% | +33.81% | income reinvested |
| 3 years | +96.06% | +77.14% | income reinvested |
| 5 years | +123.54% | +74.48% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares 2x Visa ETP in pounds (price, with income reinvested in the fund): 2022 −8.5%, 2023 +38.3%, 2024 +34.6%, 2025 −2.1%; 2026 to 13/11/2026 +38.1%. Returns of Leverage Shares 2x Visa ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −3.6%; to 30/09/2025: +37.6%; to 30/09/2024: +19.2%; to 30/09/2023: +34.5%; to 30/09/2022: −29.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.5% | -16.2% | Price |
| 2023 | +38.3% | +32.7% | Price |
| 2024 | +34.6% | +30.0% | Price |
| 2025 | -2.1% | -5.5% | Price |
| 2026 to 13/11/2026 | +38.1% | +33.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 40.52% | -31.77% |
| 3 years | 36.10% | -44.77% |
| 5 years | 41.46% | -44.77% |

## Largest fall

Volatility of Leverage Shares 2x Visa ETP in pounds, annualised from weekly returns to 13/11/2026: 40.5% over 1 year, 36.1% over 3 years, 41.5% over 5 years. Largest fall in the price of Leverage Shares 2x Visa ETP since November 2021, in pounds: −44.8% from 28/02/2025 to 27/03/2026. The lowest 12-month return of Leverage Shares 2x Visa ETP in pounds (price, with income reinvested in the fund) since January 2021 was −38.3% (12 months to 27/03/2026); the highest was +57.5% (12 months to 25/07/2025). On 13/11/2026 the price of Leverage Shares 2x Visa ETP was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 2x Visa 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 2VIS?**

The ongoing charge of 2VIS 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 Visa 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 2VIS track?**

2VIS tracks the NYSE Leveraged 2x V Index.

**Is 2VIS accumulating or distributing?**

2VIS 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 2VIS?**

The ISIN of 2VIS is IE00BD09ZV33. An ISIN identifies one exact share class of a fund; 2VIS is its ticker on the London Stock Exchange. The same share class is also listed as VIS2 (London Stock Exchange, US dollars), VISE (London Stock Exchange, euros) and 2VA (Xetra, euros).

**What were 2VIS’s returns in each of the last five years?**

Calendar-year returns of 2VIS in pounds (price, with income reinvested in the fund): 2022 −8.5%, 2023 +38.3%, 2024 +34.6%, 2025 −2.1%; 2026 to 13/11/2026 +38.1%. Past performance is not a guide to future returns.

**How has 2VIS done after inflation?**

Over the five years to 13/11/2026 2VIS’s total return was +123.5%, or +74.5% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.