# WisdomTree Natural Gas 3x Daily Leveraged (3LNG)

**Page:** https://fundology.uk/fund/3lng · ISIN XS2819843900

## 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, 3LNG (WisdomTree Natural Gas 3x Daily Leveraged, ISIN XS2819843900) closed at £0.3766 on the London Stock Exchange. Its ongoing charge is 0.99% a year (about £99 on £10,000). Over the five years to 13/11/2026 its total return was −100.0%, or −100.0% after UK CPIH inflation.

## Summary

WisdomTree Natural Gas 3x Daily Leveraged is an exchange-traded commodity (ETC) 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 0.99% a year — about £99 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: **£0.3766** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LNG |
| ISIN | XS2819843900 |
| Also listed as | 3NGL (London Stock Exchange, US dollars), NGXL (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | NASDAQ Commodity Natural Gas Index |
| Income | Accumulating |
| Ongoing charge | 0.99% a year (£99 per £10,000) |
| Fund size | £50.4m |
| 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 | -92.83% | -93.08% | income reinvested |
| 3 years | -99.84% | -99.86% | income reinvested |
| 5 years | -100.00% | -100.00% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Natural Gas 3x Daily Leveraged in pounds (price, with income reinvested in the fund): 2022 −64.6%, 2023 −98.7%, 2024 −86.3%, 2025 −81.1%; 2026 to 13/11/2026 −84.0%. Returns of WisdomTree Natural Gas 3x Daily Leveraged in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −89.9%; to 30/09/2025: −71.6%; to 30/09/2024: −94.9%; to 30/09/2023: −99.4%; to 30/09/2022: −62.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -64.6% | -67.6% | Price |
| 2023 | -98.7% | -98.8% | Price |
| 2024 | -86.3% | -86.8% | Price |
| 2025 | -81.1% | -81.8% | Price |
| 2026 to 13/11/2026 | -84.0% | -84.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 171.80% | -95.77% |
| 3 years | 145.11% | -99.87% |
| 5 years | 165.37% | -100.00% |

## Largest fall

Volatility of WisdomTree Natural Gas 3x Daily Leveraged in pounds, annualised from weekly returns to 13/11/2026: 171.8% over 1 year, 145.1% over 3 years, 165.4% over 5 years. Largest fall in the price of WisdomTree Natural Gas 3x Daily Leveraged since November 2021, in pounds: −100.0% from 06/05/2022 to 30/10/2026. The lowest 12-month return of WisdomTree Natural Gas 3x Daily Leveraged in pounds (price, with income reinvested in the fund) since January 2021 was −99.8% (12 months to 02/06/2023); the highest was +703.0% (12 months to 06/05/2022). On 13/11/2026 the price of WisdomTree Natural Gas 3x Daily Leveraged was 100.0% below its highest weekly close since November 2021 (06/05/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Natural Gas 3x Daily Leveraged 0.99% a year. Compared on 14/11/2026, 124 of the 210 other leveraged and inverse products charge more, 17 the same and 69 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.99%** 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 3LNG?**

The ongoing charge of 3LNG is 0.99% a year — about £99 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 Natural Gas 3x Daily Leveraged 0.99% a year. Compared on 14/11/2026, 124 of the 210 other leveraged and inverse products charge more, 17 the same and 69 less (share classes counted once).

**What does 3LNG track?**

3LNG tracks the NASDAQ Commodity Natural Gas Index.

**Is 3LNG accumulating or distributing?**

3LNG 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 3LNG?**

The ISIN of 3LNG is XS2819843900. An ISIN identifies one exact share class of a fund; 3LNG is its ticker on the London Stock Exchange. The same share class is also listed as 3NGL (London Stock Exchange, US dollars) and NGXL (Xetra, euros).

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

Calendar-year returns of 3LNG in pounds (price, with income reinvested in the fund): 2022 −64.6%, 2023 −98.7%, 2024 −86.3%, 2025 −81.1%; 2026 to 13/11/2026 −84.0%. Past performance is not a guide to future returns.

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

Over the five years to 13/11/2026 3LNG’s total return was −100.0%, or −100.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.
