# Graniteshares 3X Long Alphabet Daily ETP (3LGP)

**Source:** https://fundology.uk/fund/3lgp · ISIN XS2675292309 · 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 30/09/2026, 3LGP (Graniteshares 3X Long Alphabet Daily ETP, ISIN XS2675292309) closed at £128.94 on the London Stock Exchange. Its ongoing charge is 1.99% a year (about £199 on £10,000). Over the five years to 30/09/2026 its total return was +160.9%, or +103.9% 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: **£128.94** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LGP |
| ISIN | XS2675292309 |
| 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 | £3.8m |
| Launched | 2020 |
| Domicile | United Kingdom |

## Past returns (periods to 30/09/2026)

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 | +83.22% | +77.47% | income reinvested |
| 3 years | +372.42% | +326.30% | income reinvested |
| 5 years | +160.89% | +103.95% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 +78.0%, 2025 +169.2%; 2026 to 30/09/2026 +1.1%. 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: +91.2%; to 30/09/2025: +117.9%; to 30/09/2024: +19.6%; to 30/09/2023: +309.2%; to 30/09/2022: −72.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -85.7% | -86.9% | Price |
| 2023 | +670.4% | +639.7% | Price |
| 2024 | +78.0% | +71.9% | Price |
| 2025 | +169.2% | +160.0% | Price |
| 2026 to 30/09/2026 | +1.1% | -1.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 91.55% | -51.54% |
| 3 years | 88.77% | -66.77% |
| 5 years | 117.88% | -87.65% |

## Largest fall

Volatility of Graniteshares 3X Long Alphabet Daily ETP in pounds, annualised from weekly returns to 30/09/2026: 91.5% over 1 year, 88.8% over 3 years, 117.9% over 5 years. Largest fall in the price of Graniteshares 3X Long Alphabet Daily ETP since October 2021, in pounds: −87.6% from 05/11/2021 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 30/09/2026 the price of Graniteshares 3X Long Alphabet Daily ETP was 41.6% below its highest weekly close since October 2021 (15/05/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Graniteshares 3X Long Alphabet Daily ETP 1.99% a year, as of 01/10/2026: 94 of the 280 other leveraged and inverse products charge more, 0 the same and 186 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.99%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.