# WisdomTree EURO STOXX 50 3x Daily Short (3LES)

**Page:** https://fundology.uk/fund/3les · ISIN XS3306517502

## 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, 3LES (WisdomTree EURO STOXX 50 3x Daily Short, ISIN XS3306517502) closed at £11.86 on the London Stock Exchange. Its ongoing charge is 1.11% a year (about £111 on £10,000). Over the five years to 13/11/2026 its total return was −89.2%, or −91.6% after UK CPIH inflation.

## Summary

WisdomTree EURO STOXX 50 3x Daily Short is an exchange-traded product from WisdomTree, launched in 2012. 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 1.11% a year — about £111 a year on every £10,000 invested, taken from the fund's value rather than billed 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: **£11.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LES |
| ISIN | XS3306517502 |
| Also listed as | 3EUS (London Stock Exchange, euros), PCFC (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | WisdomTree |
| Tracks | EURO STOXX 50 Daily Short 3 Index - EUR |
| Ongoing charge | 1.11% a year (£111 per £10,000) |
| Fund size | £6.7m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/07/2012 |

## 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 | -42.84% | -44.86% | income reinvested |
| 3 years | -81.80% | -83.56% | income reinvested |
| 5 years | -89.23% | -91.59% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree EURO STOXX 50 3x Daily Short in pounds (price only): 2022 −5.0%, 2023 −47.6%, 2024 −28.9%, 2025 −49.6%; 2026 to 13/11/2026 −37.9%. Returns of WisdomTree EURO STOXX 50 3x Daily Short in pounds (price only) over the 12 months to 30/09/2026: −39.5%; to 30/09/2025: −37.0%; to 30/09/2024: −49.4%; to 30/09/2023: −60.4%; to 30/09/2022: +20.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -5.0% | -13.0% | Price |
| 2023 | -47.6% | -49.6% | Price |
| 2024 | -28.9% | -31.3% | Price |
| 2025 | -49.6% | -51.4% | Price |
| 2026 to 13/11/2026 | -37.9% | -39.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 47.38% | -50.07% |
| 3 years | 47.16% | -82.80% |
| 5 years | 51.56% | -93.25% |

## Largest fall

Volatility of WisdomTree EURO STOXX 50 3x Daily Short in pounds, annualised from weekly returns to 13/11/2026: 47.4% over 1 year, 47.2% over 3 years, 51.6% over 5 years. Largest fall in the price of WisdomTree EURO STOXX 50 3x Daily Short since November 2021, in pounds: −93.2% from 30/09/2022 to 13/08/2026. The lowest 12-month return of WisdomTree EURO STOXX 50 3x Daily Short in pounds (price only) since January 2021 was −63.1% (12 months to 16/06/2023); the highest was +23.4% (12 months to 23/09/2022). On 13/11/2026 the price of WisdomTree EURO STOXX 50 3x Daily Short was 93.0% below its highest weekly close since November 2021 (30/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree EURO STOXX 50 3x Daily Short 1.11% a year. Compared on 14/11/2026, 106 of the 210 other leveraged and inverse products charge more, 0 the same and 104 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.11%** per year (as of 13/11/2026)
- 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 3LES?**

The ongoing charge of 3LES is 1.11% a year — about £111 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 WisdomTree EURO STOXX 50 3x Daily Short 1.11% a year. Compared on 14/11/2026, 106 of the 210 other leveraged and inverse products charge more, 0 the same and 104 less (share classes counted once).

**What does 3LES track?**

3LES tracks the EURO STOXX 50 Daily Short 3 Index - EUR.

**What is the ISIN of 3LES?**

The ISIN of 3LES is XS3306517502. An ISIN identifies one exact share class of a fund; 3LES is its ticker on the London Stock Exchange. The same share class is also listed as 3EUS (London Stock Exchange, euros) and PCFC (Xetra, euros).

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

Calendar-year returns of 3LES in pounds (price only): 2022 −5.0%, 2023 −47.6%, 2024 −28.9%, 2025 −49.6%; 2026 to 13/11/2026 −37.9%. Past performance is not a guide to future returns.

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

Over the five years to 13/11/2026 3LES’s total return was −89.2%, or −91.6% 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.