# GraniteShares 3x Long Bae Systems Daily ETP (3LBA) **Page:** https://fundology.uk/fund/3lba · ISIN XS2722160020 ## 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, 3LBA (GraniteShares 3x Long Bae Systems Daily ETP, ISIN XS2722160020) closed at £63.00 on the London Stock Exchange. Its ongoing charge is 2.94% a year (about £294 on £10,000). Over the five years to 13/11/2026 its total return was +859.6%, or +649.0% after UK CPIH inflation. ## Summary GraniteShares 3x Long Bae Systems Daily ETP is an exchange-traded product from GraniteShares, launched in 2019. 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 2.94% a year — about £294 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: **£63.00** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3LBA | | ISIN | XS2722160020 | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x Long BAE Systems plc Index - TR Net | | Income | Accumulating | | Ongoing charge | 2.94% a year (£294 per £10,000) | | Fund size | £982k | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 04/12/2023 | ## 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 | -17.81% | -20.72% | income reinvested | | 3 years | +274.22% | +238.10% | price only | | 5 years | +859.56% | +648.99% | income reinvested | 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 GraniteShares 3x Long Bae Systems Daily ETP in pounds (price, with income reinvested in the fund): 2022 +209.0%, 2023 +264.1%, 2024 −12.1%, 2025 +135.0%; 2026 to 13/11/2026 −9.0%. Returns of GraniteShares 3x Long Bae Systems Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −40.2%; to 30/09/2025: +203.4%; to 30/09/2024: +210.0%; to 30/09/2023: +66.5%; to 30/09/2022: +144.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +209.0% | +182.8% | Price | | 2023 | +264.1% | +249.6% | Price | | 2024 | -12.1% | -15.1% | Price | | 2025 | +135.0% | +126.9% | Price | | 2026 to 13/11/2026 | -9.0% | -11.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 133.55% | -59.62% | | 3 years | 112.59% | -59.62% | | 5 years | 98.82% | -59.62% | ## Largest fall Volatility of GraniteShares 3x Long Bae Systems Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 133.6% over 1 year, 112.6% over 3 years, 98.8% over 5 years. Largest fall in the price of GraniteShares 3x Long Bae Systems Daily ETP since November 2021, in pounds: −59.6% from 20/03/2026 to 06/11/2026. The lowest 12-month return of GraniteShares 3x Long Bae Systems Daily ETP in pounds (price, with income reinvested in the fund) since January 2021 was −43.7% (12 months to 09/10/2026); the highest was +441.3% (12 months to 07/06/2024). On 13/11/2026 the price of GraniteShares 3x Long Bae Systems Daily ETP was 56.7% below its highest weekly close since November 2021 (20/03/2026), in pounds. ## Charges compared with similar funds Ongoing charge of GraniteShares 3x Long Bae Systems Daily ETP 2.94% a year. Compared on 14/11/2026, 67 of the 210 other leveraged and inverse products charge more, 0 the same and 143 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **2.94%** per year - 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 3LBA?** The ongoing charge of 3LBA is 2.94% a year — about £294 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 GraniteShares 3x Long Bae Systems Daily ETP 2.94% a year. Compared on 14/11/2026, 67 of the 210 other leveraged and inverse products charge more, 0 the same and 143 less (share classes counted once). **What does 3LBA track?** 3LBA tracks the Solactive Daily Leveraged 3x Long BAE Systems plc Index - TR Net. **Is 3LBA accumulating or distributing?** 3LBA 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 3LBA?** The ISIN of 3LBA is XS2722160020. An ISIN identifies one exact share class of a fund; 3LBA is its ticker on the London Stock Exchange. **What were 3LBA’s returns in each of the last five years?** Calendar-year returns of 3LBA in pounds (price, with income reinvested in the fund): 2022 +209.0%, 2023 +264.1%, 2024 −12.1%, 2025 +135.0%; 2026 to 13/11/2026 −9.0%. Past performance is not a guide to future returns. **How has 3LBA done after inflation?** Over the five years to 13/11/2026 3LBA’s total return was +859.6%, or +649.0% 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.