Fundology

ETN / ETP · GraniteShares

3LVO GraniteShares 3x Long Vodafone Daily ETP

ISIN XS2703640123London Stock Exchange: 3LVOGraniteShares, Inc.

Latest close

LSE

£69.48

on

Ongoing charge
3.64% a year
Fund size
£4.5m

As of , at least 15 min delayed

At a glance

As of 13/11/2026, 3LVO (GraniteShares 3x Long Vodafone Daily ETP, ISIN XS2703640123) closed at £69.48 on the London Stock Exchange. Its ongoing charge is 3.64% a year (about £364 on £10,000). Over the three years to 13/11/2026 its total return was +98.4%, or +79.3% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 13/11/2026
+36.8%
+32.0% after inflation
3 years to 13/11/2026
+98.4%
+79.3% after inflation

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

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of GraniteShares 3x Long Vodafone Daily ETP in pounds (price, with income reinvested in the fund): 2024 −11.6%, 2025 +137.6%; 2026 to 13/11/2026 +20.2%. Returns of GraniteShares 3x Long Vodafone Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +130.9%; to 30/09/2025: +11.4%.

Calendar-year returns of 3LVO, in pounds (price, with income reinvested in the fund), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to +20.2%+16.3%
to +137.6%+129.4%
to −11.6%−14.6%
Returns of 3LVO over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from +130.9%+122.7%
from +11.4%+7.1%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

74.2%over 3 years

Volatility, annualised from weekly returns, by period
1 year79.2%
3 years74.2%

Annualised from weekly returns. Higher means bumpier.

Largest fall since November 2023
−48.4%
From to
Lowest 12-month return
−33.0%
12 months to
Highest 12-month return
+365.6%
12 months to
Below its highest weekly close since November 2023
27.5%
High of , latest

In words: Volatility of GraniteShares 3x Long Vodafone Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 79.2% over 1 year, 74.2% over 3 years. Largest fall in the price of GraniteShares 3x Long Vodafone Daily ETP since November 2023, in pounds: −48.4% from 03/11/2023 to 11/04/2025. The lowest 12-month return of GraniteShares 3x Long Vodafone Daily ETP in pounds (price, with income reinvested in the fund) since November 2023 was −33.0% (12 months to 16/05/2025); the highest was +365.6% (12 months to 10/04/2026). On 13/11/2026 the price of GraniteShares 3x Long Vodafone Daily ETP was 27.5% below its highest weekly close since November 2023 (09/09/2026), in pounds.

As of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
3.64%
a year
On £10,000
£364
a year, roughly
Over five years
£1,692
of £10,000, before growth
Among 211 leveraged and inverse products, share classes counted once
  • 149 charge less
  • 1 the same
  • 60 charge more

Ongoing charge of GraniteShares 3x Long Vodafone Daily ETP 3.64% a year. Compared on 14/11/2026, 60 of the 210 other leveraged and inverse products charge more, 1 the same and 149 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

GraniteShares 3x Long Vodafone 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 3.64% a year — about £364 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: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.

Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN

Key facts

Ticker
3LVO
ISIN
XS2703640123
Tracks
Solactive Daily Leveraged 3x long Vodafone Index
Structure
ETN / ETP
An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
3.64% a year · about £364 on £10,000
Fund size
£4.5m
Launched
Domicile
United Kingdom
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£69.47+45.4% over 1 year · closing price
3LVO closing price: £47.79 on 14/11/2025, £69.47 on 13/11/2026 (+45.4%); low £44.63, high £95.83.

Over the last year, the closing price went from £47.79 on 14/11/2025 to £69.48 on 13/11/2026 (+45.4%). The lowest close shown was £44.63 on 21/11/2025 and the highest £95.83 on 09/09/2026.

One close a week. Before 28/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.

As of , at least 15 min delayed

Five years of prices, and after inflation

157 weekly closes, from 03/11/2023 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 105 rolling 12-month returns since November 2023, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since November 2023, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of 3LVO?

The ongoing charge of 3LVO is 3.64% a year — about £364 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 Vodafone Daily ETP 3.64% a year. Compared on 14/11/2026, 60 of the 210 other leveraged and inverse products charge more, 1 the same and 149 less (share classes counted once).

What does 3LVO track?

3LVO tracks the Solactive Daily Leveraged 3x long Vodafone Index.

Is 3LVO accumulating or distributing?

3LVO 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 3LVO?

The ISIN of 3LVO is XS2703640123. An ISIN identifies one exact share class of a fund; 3LVO is its ticker on the London Stock Exchange.

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

Calendar-year returns of 3LVO in pounds (price, with income reinvested in the fund): 2024 −11.6%, 2025 +137.6%; 2026 to 13/11/2026 +20.2%. Past performance is not a guide to future returns.

How has 3LVO done after inflation?

Over the three years to 13/11/2026 3LVO’s total return was +98.4%, or +79.3% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More leveraged and inverse products, largest first. Size is a fact, not a verdict.

Fund documents and methods

Methodology:ReturnsCategoriesAll methods

A machine-readable copy of this page: Markdown.