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

**Source:** https://fundology.uk/fund/3lvo · ISIN XS2703640123 · 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, 3LVO (GraniteShares 3x Long Vodafone Daily ETP, ISIN XS2703640123) closed at £85.09 on the London Stock Exchange. Its ongoing charge is 3.64% a year (about £364 on £10,000). Over the three years to 30/09/2026 its price changed by +129.1%, or +107.7% 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: **£85.09** (30/09/2026).

## 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 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 | +126.71% | +119.60% | income reinvested |
| 3 years | +129.08% | +107.67% | price only |

Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS 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 −17.0%, 2025 +140.7%; 2026 to 30/09/2026 +54.8%. 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: +120.2%; to 30/09/2025: +16.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -17.0% | -19.9% | Price |
| 2025 | +140.7% | +132.4% | Price |
| 2026 to 30/09/2026 | +54.8% | +50.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 79.27% | -42.95% |
| 3 years | 74.66% | -48.35% |

## Largest fall

Volatility of GraniteShares 3x Long Vodafone Daily ETP in pounds, annualised from weekly returns to 30/09/2026: 79.3% over 1 year, 74.7% 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 30/09/2026 the price of GraniteShares 3x Long Vodafone Daily ETP was 11.2% 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, as of 01/10/2026: 58 of the 280 other leveraged and inverse products charge more, 1 the same and 221 less (share classes counted once).

## Charges & eligibility

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