# Leverage Shares 3x Netflix ETP (3NFL)

**Page:** https://fundology.uk/fund/3nfl · ISIN XS2675739135

## 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, 3NFL (Leverage Shares 3x Netflix ETP, ISIN XS2675739135) closed at £13.95 on the London Stock Exchange. Its ongoing charge is 3.78% a year (about £378 on £10,000). Over the three years to 13/11/2026 its total return was −35.2%, or −41.4% after UK CPIH inflation.

## Summary

Leverage Shares 3x Netflix ETP is an exchange-traded product from Leverage Shares, 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. Its ongoing charge is 3.78% a year — about £378 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: **£13.95** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3NFL |
| ISIN | XS2675739135 |
| Also listed as | 3NFE (London Stock Exchange, euros), NFL3 (London Stock Exchange, US dollars) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 3X NFLX (USD)(NR) |
| Income | Accumulating |
| Ongoing charge | 3.78% a year (£378 per £10,000) |
| Fund size | £2.0m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2021 |

## 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 | -89.62% | -89.98% | income reinvested |
| 3 years | -35.16% | -41.42% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Leverage Shares 3x Netflix ETP in pounds (price, with income reinvested in the fund): 2023 +207.0%, 2024 +305.0%, 2025 −42.0%; 2026 to 13/11/2026 −79.9%. Returns of Leverage Shares 3x Netflix ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −87.2%; to 30/09/2025: +166.3%; to 30/09/2024: +281.7%; to 30/09/2023: +77.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +207.0% | +194.8% | Price |
| 2024 | +305.0% | +291.2% | Price |
| 2025 | -42.0% | -44.0% | Price |
| 2026 to 13/11/2026 | -79.9% | -80.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 108.44% | -90.00% |
| 3 years | 108.25% | -94.87% |

## Largest fall

Volatility of Leverage Shares 3x Netflix ETP in pounds, annualised from weekly returns to 13/11/2026: 108.4% over 1 year, 108.3% over 3 years. Largest fall in the price of Leverage Shares 3x Netflix ETP since April 2022, in pounds: −94.9% from 27/06/2025 to 13/11/2026. The lowest 12-month return of Leverage Shares 3x Netflix ETP in pounds (price, with income reinvested in the fund) since April 2022 was −90.3% (12 months to 30/10/2026); the highest was +578.2% (12 months to 16/06/2023). On 13/11/2026 the price of Leverage Shares 3x Netflix ETP was 94.9% below its highest weekly close since April 2022 (27/06/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares 3x Netflix ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.78%** per year (as of 15/10/2026)
- 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 3NFL?**

The ongoing charge of 3NFL is 3.78% a year — about £378 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 Leverage Shares 3x Netflix ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once).

**What does 3NFL track?**

3NFL tracks the iSTOXX Leveraged 3X NFLX (USD)(NR).

**Is 3NFL accumulating or distributing?**

3NFL 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 3NFL?**

The ISIN of 3NFL is XS2675739135. An ISIN identifies one exact share class of a fund; 3NFL is its ticker on the London Stock Exchange. The same share class is also listed as 3NFE (London Stock Exchange, euros) and NFL3 (London Stock Exchange, US dollars).

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

Calendar-year returns of 3NFL in pounds (price, with income reinvested in the fund): 2023 +207.0%, 2024 +305.0%, 2025 −42.0%; 2026 to 13/11/2026 −79.9%. Past performance is not a guide to future returns.

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

Over the three years to 13/11/2026 3NFL’s total return was −35.2%, or −41.4% 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.