ETN / ETP · Leverage Shares
3SAA Leverage Shares -3x Short Apple ETP
ISIN XS3420365036London Stock Exchange: 3SAALeverage Shares LLC
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£15.15
on
- Ongoing charge
- 4.75% a year
- Fund size
- £946k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 3SAA (Leverage Shares -3x Short Apple ETP, ISIN XS3420365036) closed at £15.15 on the London Stock Exchange. Its ongoing charge is 4.75% a year (about £475 on £10,000). Over the three years to 13/11/2026 its price changed by −96.2%, or −96.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −67.7%
- −68.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −96.2%
- −96.6% after inflation (UK CPIH)
Returns: as reported (delayed data) and worked out from recorded daily closes. 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 Leverage Shares -3x Short Apple ETP in pounds (price, with income reinvested in the fund): 2023 −76.1%, 2024 −58.6%, 2025 −64.9%; 2026 to 13/11/2026 −68.9%. Returns of Leverage Shares -3x Short Apple ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −67.9%; to 30/09/2025: −64.1%; to 30/09/2024: −67.8%; to 30/09/2023: −65.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −68.9% | −69.9% | |
| to | −64.9% | −66.1% | |
| to | −58.6% | −60.0% | |
| −76.1% | −77.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −67.9% | −69.0% |
| from | −64.1% | −65.5% |
| from | −67.8% | −68.6% |
| from | −65.0% | −67.1% |
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
Volatility (annualised)
82.6%over 3 years
| 1 year | 82.3% |
|---|---|
| 3 years | 82.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since June 2022
- −99.2%
- From to
- Lowest 12-month return
- −82.4%
- 12 months to
- Highest 12-month return
- −11.5%
- 12 months to
- Below its highest weekly close since June 2022
- 99.2%
- High of , latest
In words: Volatility of Leverage Shares -3x Short Apple ETP in pounds, annualised from weekly returns to 13/11/2026: 82.3% over 1 year, 82.6% over 3 years. Largest fall in the price of Leverage Shares -3x Short Apple ETP since June 2022, in pounds: −99.2% from 17/06/2022 to 13/11/2026. The lowest 12-month return of Leverage Shares -3x Short Apple ETP in pounds (price, with income reinvested in the fund) since June 2022 was −82.4% (12 months to 17/07/2026); the highest was −11.5% (12 months to 19/04/2024). On 13/11/2026 the price of Leverage Shares -3x Short Apple ETP was 99.2% below its highest weekly close since June 2022 (17/06/2022), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 4.75%
- a year
- On £10,000
- £475
- a year, roughly
- Over five years
- £2,160
- of £10,000, before growth
- 188 charge less
- 0 the same
- 22 charge more
Ongoing charge of Leverage Shares -3x Short Apple ETP 4.75% a year. Compared on 14/11/2026, 22 of the 210 other leveraged and inverse products charge more, 0 the same and 188 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Leverage Shares -3x Short Apple ETP is an exchange-traded product from Leverage Shares, launched in 2022.
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 4.75% a year — about £475 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
- 3SAA
- ISIN
- XS3420365036
- Also listed as
- AAPS (London Stock Exchange, US dollars), SALE (London Stock Exchange, euros)
- Provider
- Leverage Shares
- Tracks
- iSTOXX Inverse Leveraged -3X AAPL (USD)(NR)
- 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
- 4.75% a year · about £475 on £10,000
- Fund size
- £946k
- 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)
- Category
- Leveraged & inverse
Price chart
Over the last year, the closing price went from £48.31 on 14/11/2025 to £15.15 on 13/11/2026 (−68.7%). The lowest close shown was £15.15 on 13/11/2026 and the highest £61.76 on 23/01/2026.
One close a week. Before 31/07/2026 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
226 weekly closes, from 10/06/2022 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
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 174 rolling 12-month returns since June 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since June 2022, in pounds, with how many weeks it 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 3SAA?
The ongoing charge of 3SAA is 4.75% a year — about £475 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 Short Apple ETP 4.75% a year. Compared on 14/11/2026, 22 of the 210 other leveraged and inverse products charge more, 0 the same and 188 less (share classes counted once).
What does 3SAA track?
3SAA tracks the iSTOXX Inverse Leveraged -3X AAPL (USD)(NR).
Is 3SAA accumulating or distributing?
3SAA 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 3SAA?
The ISIN of 3SAA is XS3420365036. An ISIN identifies one exact share class of a fund; 3SAA is its ticker on the London Stock Exchange. The same share class is also listed as AAPS (London Stock Exchange, US dollars) and SALE (London Stock Exchange, euros).
What were 3SAA’s returns in each of the last five years?
Calendar-year returns of 3SAA in pounds (price, with income reinvested in the fund): 2023 −76.1%, 2024 −58.6%, 2025 −64.9%; 2026 to 13/11/2026 −68.9%. Past performance is not a guide to future returns.
How has 3SAA done after inflation?
Over the three years to 13/11/2026 3SAA’s price changed by −96.2%, or −96.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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