# GraniteShares 3X Long Tesla Daily ETP (3LTP)

**Source:** https://fundology.uk/fund/3ltp · ISIN XS2656472193 · 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 05/10/2026, 3LTP (GraniteShares 3X Long Tesla Daily ETP, ISIN XS2656472193) closed at £1.13 on the London Stock Exchange. Over the three years to 05/10/2026 its total return was −92.9%, or −93.6% after UK CPIH inflation.

## Summary

GraniteShares 3X Long Tesla 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. 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: **£1.13** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LTP |
| ISIN | XS2656472193 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x Long Tesla Inc Index |
| Income | Accumulating |
| Fund size | £11.2m |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 05/10/2026)

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 | -72.67% | -73.53% | income reinvested |
| 3 years | -92.92% | -93.61% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of GraniteShares 3X Long Tesla Daily ETP in pounds (price, with income reinvested in the fund): 2024 +39.1%, 2025 −70.9%; 2026 to 05/10/2026 −74.7%. Returns of GraniteShares 3X Long Tesla Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −76.8%; to 30/09/2025: −13.8%; to 30/09/2024: −67.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +39.1% | +34.4% | Price |
| 2025 | -70.9% | -71.9% | Price |
| 2026 to 05/10/2026 | -74.7% | -75.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 119.01% | -84.74% |
| 3 years | 159.57% | -95.73% |

## Largest fall

Volatility of GraniteShares 3X Long Tesla Daily ETP in pounds, annualised from weekly returns to 05/10/2026: 119.0% over 1 year, 159.6% over 3 years. Largest fall in the price of GraniteShares 3X Long Tesla Daily ETP since August 2023, in pounds: −96.1% from 15/09/2023 to 28/07/2026. The lowest 12-month return of GraniteShares 3X Long Tesla Daily ETP in pounds (price, with income reinvested in the fund) since August 2023 was −80.8% (12 months to 13/09/2024); the highest was +221.3% (12 months to 31/01/2025). On 05/10/2026 the price of GraniteShares 3X Long Tesla Daily ETP was 93.6% below its highest weekly close since August 2023 (15/09/2023), in pounds.

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What does 3LTP track?**

3LTP tracks the Solactive Daily Leveraged 3x Long Tesla Inc Index.

**Is 3LTP accumulating or distributing?**

3LTP 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 3LTP?**

The ISIN of 3LTP is XS2656472193. An ISIN identifies one exact share class of a fund; 3LTP is its ticker on the London Stock Exchange.

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

Calendar-year returns of 3LTP in pounds (price, with income reinvested in the fund): 2024 +39.1%, 2025 −70.9%; 2026 to 05/10/2026 −74.7%. Past performance is not a guide to future returns.

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

Over the three years to 05/10/2026 3LTP’s total return was −92.9%, or −93.6% 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.