# GraniteShares 3x Long Glencore Daily ETP (3LGL) **Page:** https://fundology.uk/fund/3lgl · ISIN XS2712624423 ## 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, 3LGL (GraniteShares 3x Long Glencore Daily ETP, ISIN XS2712624423) closed at £10.15 on the London Stock Exchange. Its ongoing charge is 3.89% a year (about £389 on £10,000). Over the year to 13/11/2026 its total return was +88.0%, or +81.3% after UK CPIH inflation. ## Summary GraniteShares 3x Long Glencore 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 3.89% a year — about £389 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: **£10.15** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3LGL | | ISIN | XS2712624423 | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x long Glencore Index | | Income | Accumulating | | Ongoing charge | 3.89% a year (£389 per £10,000) | | Fund size | £2.9m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/11/2023 | ## 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 | +87.99% | +81.33% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of GraniteShares 3x Long Glencore Daily ETP in pounds (price, with income reinvested in the fund): 2024 −68.2%, 2025 −5.4%; 2026 to 13/11/2026 +40.8%. Returns of GraniteShares 3x Long Glencore Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +181.9%; to 30/09/2025: −65.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | -68.2% | -69.3% | Price | | 2025 | -5.4% | -8.6% | Price | | 2026 to 13/11/2026 | +40.8% | +36.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 91.81% | -47.78% | ## Largest fall Volatility of GraniteShares 3x Long Glencore Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 91.8% over 1 year. Largest fall in the price of GraniteShares 3x Long Glencore Daily ETP since November 2023, in pounds: −92.9% from 17/05/2024 to 04/04/2025. The lowest 12-month return of GraniteShares 3x Long Glencore Daily ETP in pounds (price, with income reinvested in the fund) since November 2023 was −91.1% (12 months to 04/04/2025); the highest was +803.1% (12 months to 03/04/2026). On 13/11/2026 the price of GraniteShares 3x Long Glencore Daily ETP was 58.7% below its highest weekly close since November 2023 (17/05/2024), in pounds. ## Charges compared with similar funds Ongoing charge of GraniteShares 3x Long Glencore Daily ETP 3.89% a year. Compared on 14/11/2026, 35 of the 210 other leveraged and inverse products charge more, 0 the same and 175 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **3.89%** 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 3LGL?** The ongoing charge of 3LGL is 3.89% a year — about £389 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 Glencore Daily ETP 3.89% a year. Compared on 14/11/2026, 35 of the 210 other leveraged and inverse products charge more, 0 the same and 175 less (share classes counted once). **What does 3LGL track?** 3LGL tracks the Solactive Daily Leveraged 3x long Glencore Index. **Is 3LGL accumulating or distributing?** 3LGL 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 3LGL?** The ISIN of 3LGL is XS2712624423. An ISIN identifies one exact share class of a fund; 3LGL is its ticker on the London Stock Exchange. **What were 3LGL’s returns in each of the last five years?** Calendar-year returns of 3LGL in pounds (price, with income reinvested in the fund): 2024 −68.2%, 2025 −5.4%; 2026 to 13/11/2026 +40.8%. Past performance is not a guide to future returns. **How has 3LGL done after inflation?** Over the year to 13/11/2026 3LGL’s total return was +88.0%, or +81.3% 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.