# GraniteShares 3x Short Bae Systems Daily ETP (3SBA)

**Source:** https://fundology.uk/fund/3sba · ISIN XS2698604563 · 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, 3SBA (GraniteShares 3x Short Bae Systems Daily ETP, ISIN XS2698604563) closed at £0.673 on the London Stock Exchange. Its ongoing charge is 3.29% a year (about £329 on £10,000). Over the five years to 30/09/2026 its total return was −52.0%, or −62.5% after UK CPIH inflation.

## Summary

GraniteShares 3x Short Bae Systems 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 3.29% a year — about £329 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: **£0.673** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3SBA |
| ISIN | XS2698604563 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x Short BAE Systems plc Index - GBP - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 3.29% a year (£329 per £10,000) |
| Fund size | £83k |
| Launched | 2019 |

## 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 | -31.59% | -33.73% | income reinvested |
| 3 years | +493.99% | +436.00% | income reinvested |
| 5 years | -52.01% | -62.48% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of GraniteShares 3x Short Bae Systems Daily ETP 3.29% a year, as of 01/10/2026: 60 of the 280 other leveraged and inverse products charge more, 0 the same and 220 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.29%** 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.