# Graniteshares 3X Long Alphabet Daily ETP (3LGP) **Page:** https://fundology.uk/fund/3lgp · ISIN XS2675292309 ## 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, 3LGP (Graniteshares 3X Long Alphabet Daily ETP, ISIN XS2675292309) closed at £70.40 on the London Stock Exchange. Its ongoing charge is 1.99% a year (about £199 on £10,000). Over the five years to 13/11/2026 its total return was +49.1%, or +16.4% after UK CPIH inflation. ## Summary Graniteshares 3X Long Alphabet Daily ETP is an exchange-traded product from GraniteShares, launched in 2020. 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 1.99% a year — about £199 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: **£70.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3LGP | | ISIN | XS2675292309 | | Also listed as | 3LAL (London Stock Exchange, US dollars), 3LGE (London Stock Exchange, euros) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x Short Alphabet Inc Index | | Income | Accumulating | | Ongoing charge | 1.99% a year (£199 per £10,000) | | Fund size | £3.6m | | Launched | 2020 | | Domicile | United Kingdom | ## 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 | -36.89% | -39.13% | income reinvested | | 3 years | +183.16% | +155.83% | income reinvested | | 5 years | +49.14% | +16.41% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Graniteshares 3X Long Alphabet Daily ETP in pounds (price, with income reinvested in the fund): 2022 −85.7%, 2023 +670.4%, 2024 +77.1%, 2025 +157.2%; 2026 to 13/11/2026 −42.0%. Returns of Graniteshares 3X Long Alphabet Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +98.8%; to 30/09/2025: +109.6%; to 30/09/2024: +19.6%; to 30/09/2023: +309.2%; to 30/09/2022: −68.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -85.7% | -86.9% | Price | | 2023 | +670.4% | +639.7% | Price | | 2024 | +77.1% | +71.0% | Price | | 2025 | +157.2% | +148.4% | Price | | 2026 to 13/11/2026 | -42.0% | -43.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 97.10% | -72.91% | | 3 years | 90.19% | -72.91% | | 5 years | 118.91% | -87.63% | ## Largest fall Volatility of Graniteshares 3X Long Alphabet Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 97.1% over 1 year, 90.2% over 3 years, 118.9% over 5 years. Largest fall in the price of Graniteshares 3X Long Alphabet Daily ETP since November 2021, in pounds: −87.6% from 19/11/2021 to 06/01/2023. The lowest 12-month return of Graniteshares 3X Long Alphabet Daily ETP in pounds (price, with income reinvested in the fund) since April 2021 was −86.2% (12 months to 04/11/2022); the highest was +1076.8% (12 months to 08/05/2026). On 13/11/2026 the price of Graniteshares 3X Long Alphabet Daily ETP was 68.1% below its highest weekly close since November 2021 (15/05/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Graniteshares 3X Long Alphabet Daily ETP 1.99% a year. Compared on 14/11/2026, 97 of the 210 other leveraged and inverse products charge more, 0 the same and 113 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **1.99%** 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 3LGP?** The ongoing charge of 3LGP is 1.99% a year — about £199 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 Alphabet Daily ETP 1.99% a year. Compared on 14/11/2026, 97 of the 210 other leveraged and inverse products charge more, 0 the same and 113 less (share classes counted once). **What does 3LGP track?** 3LGP tracks the Solactive Daily Leveraged 3x Short Alphabet Inc Index. **Is 3LGP accumulating or distributing?** 3LGP 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 3LGP?** The ISIN of 3LGP is XS2675292309. An ISIN identifies one exact share class of a fund; 3LGP is its ticker on the London Stock Exchange. The same share class is also listed as 3LAL (London Stock Exchange, US dollars) and 3LGE (London Stock Exchange, euros). **What were 3LGP’s returns in each of the last five years?** Calendar-year returns of 3LGP in pounds (price, with income reinvested in the fund): 2022 −85.7%, 2023 +670.4%, 2024 +77.1%, 2025 +157.2%; 2026 to 13/11/2026 −42.0%. Past performance is not a guide to future returns. **How has 3LGP done after inflation?** Over the five years to 13/11/2026 3LGP’s total return was +49.1%, or +16.4% 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.