# GraniteShares 3x Long Vodafone Daily ETP (3LVO)

**Page:** https://fundology.uk/fund/3lvo · ISIN XS2703640123

## 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, 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.

## Summary

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:** 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: **£69.48** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LVO |
| ISIN | XS2703640123 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x long Vodafone Index |
| Income | Accumulating |
| Ongoing charge | 3.64% a year (£364 per £10,000) |
| Fund size | £4.5m |
| Launched | 2019 |
| 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 | +36.83% | +31.99% | income reinvested |
| 3 years | +98.44% | +79.28% | income reinvested |

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

## Calendar-year 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%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -11.6% | -14.6% | Price |
| 2025 | +137.6% | +129.4% | Price |
| 2026 to 13/11/2026 | +20.2% | +16.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 79.22% | -42.95% |
| 3 years | 74.23% | -46.92% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.64%** 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 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.

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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.