# Leverage Shares 3x Long Gold Miners ETP (3GDX)

**Source:** https://fundology.uk/fund/3gdx · ISIN XS2399369896 · 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 05/10/2026, 3GDX (Leverage Shares 3x Long Gold Miners ETP, ISIN XS2399369896) closed at £5.38 on the London Stock Exchange. Over the three years to 05/10/2026 its total return was +423.3%, or +372.2% after UK CPIH inflation.

## Summary

Leverage Shares 3x Long Gold Miners ETP is an exchange-traded product from Leverage Shares, launched in 2021. 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. 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: **£5.38** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3GDX |
| ISIN | XS2399369896 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | NYSE Arca Gold Miners |
| Income | Accumulating |
| Fund size | £7.9m |
| Launched | 2021 |
| Domicile | Ireland |

## Past returns (periods to 05/10/2026)

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 | -43.53% | -45.30% | income reinvested |
| 3 years | +423.32% | +372.23% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares 3x Long Gold Miners ETP in pounds (price, with income reinvested in the fund): 2022 −52.9%, 2023 −19.2%, 2024 −14.2%, 2025 +822.8%; 2026 to 05/10/2026 −58.3%. Returns of Leverage Shares 3x Long Gold Miners ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −37.1%; to 30/09/2025: +263.5%; to 30/09/2024: +106.1%; to 30/09/2023: −23.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -52.9% | -56.9% | Price |
| 2023 | -19.2% | -22.4% | Price |
| 2024 | -14.2% | -17.1% | Price |
| 2025 | +822.8% | +791.2% | Price |
| 2026 to 05/10/2026 | -58.3% | -59.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 180.97% | -83.99% |
| 3 years | 129.79% | -83.99% |

## Largest fall

Volatility of Leverage Shares 3x Long Gold Miners ETP in pounds, annualised from weekly returns to 05/10/2026: 181.0% over 1 year, 129.8% over 3 years. Largest fall in the price of Leverage Shares 3x Long Gold Miners ETP since December 2021, in pounds: −88.0% from 15/04/2022 to 23/02/2024. The lowest 12-month return of Leverage Shares 3x Long Gold Miners ETP in pounds (price, with income reinvested in the fund) since December 2021 was −76.5% (12 months to 10/03/2023); the highest was +1004.4% (12 months to 27/02/2026). On 05/10/2026 the price of Leverage Shares 3x Long Gold Miners ETP was 75.0% below its highest weekly close since December 2021 (27/02/2026), in pounds.

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What does 3GDX track?**

3GDX tracks the NYSE Arca Gold Miners.

**Is 3GDX accumulating or distributing?**

3GDX 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 3GDX?**

The ISIN of 3GDX is XS2399369896. An ISIN identifies one exact share class of a fund; 3GDX is its ticker on the London Stock Exchange.

**What were 3GDX’s returns in each of the last five years?**

Calendar-year returns of 3GDX in pounds (price, with income reinvested in the fund): 2022 −52.9%, 2023 −19.2%, 2024 −14.2%, 2025 +822.8%; 2026 to 05/10/2026 −58.3%. Past performance is not a guide to future returns.

**How has 3GDX done after inflation?**

Over the three years to 05/10/2026 3GDX’s total return was +423.3%, or +372.2% 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.