ETN / ETP · Leverage Shares
3SMH Leverage Shares 3x Long Semiconductors ETP
ISIN XS2399367502London Stock Exchange: 3SMHLeverage Shares LLC
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£15.39
on
- Fund size
- £5.4m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 02/10/2026, 3SMH (Leverage Shares 3x Long Semiconductors ETP, ISIN XS2399367502) closed at £15.39 on the London Stock Exchange. Over the three years to 02/10/2026 its total return was +944.1%, or +842.1% after UK CPIH inflation.
Past returns
- 1 year to 02/10/2026
- +166.7%
- +158.3% after inflation (UK CPIH)
- 3 years to 02/10/2026
- +944.1%
- +842.1% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS 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 Long Semiconductors ETP in pounds (price, with income reinvested in the fund): 2022 −82.9%, 2023 +244.5%, 2024 +68.1%, 2025 +59.9%; 2026 to 02/10/2026 +153.4%. Returns of Leverage Shares 3x Long Semiconductors ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +203.8%; to 30/09/2025: +20.7%; to 30/09/2024: +174.2%; to 30/09/2023: +116.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +153.4% | +146.3% | |
| +59.9% | +54.5% | ||
| +68.1% | +62.4% | ||
| +244.5% | +230.8% | ||
| −82.9% | −84.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +203.8% | Not available |
| from | +20.7% | +16.0% |
| from | +174.2% | +167.2% |
| from | +116.3% | +103.3% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
98.5%over 3 years
| 1 year | 100.3% |
|---|---|
| 3 years | 98.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since December 2021
- −86.8%
- From to
- Lowest 12-month return
- −83.0%
- 12 months to
- Highest 12-month return
- +906.4%
- 12 months to
- Below its highest weekly close since December 2021
- 43.0%
- High of , latest
In words: Volatility of Leverage Shares 3x Long Semiconductors ETP in pounds, annualised from weekly returns to 02/10/2026: 100.3% over 1 year, 98.5% over 3 years. Largest fall in the price of Leverage Shares 3x Long Semiconductors ETP since December 2021, in pounds: −86.8% from 31/12/2021 to 14/10/2022. The lowest 12-month return of Leverage Shares 3x Long Semiconductors ETP in pounds (price, with income reinvested in the fund) since December 2021 was −83.0% (12 months to 23/12/2022); the highest was +906.4% (12 months to 29/05/2026). On 02/10/2026 the price of Leverage Shares 3x Long Semiconductors ETP was 43.0% below its highest weekly close since December 2021 (19/06/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
Leverage Shares 3x Long Semiconductors ETP is an exchange-traded product from Leverage Shares, launched in 2021.
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.
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
- 3SMH
- ISIN
- XS2399367502
- Provider
- Leverage Shares
- Tracks
- MarketVector US Listed Semiconductor 10% Capped Screened Index
- 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.
- Fund size
- £5.4m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Since 30/07/2026, the closing price went from £11.40 on 30/07/2026 to £15.39 on 02/10/2026 (+35.0%). The lowest close shown was £10.51 on 28/08/2026 and the highest £15.39 on 02/10/2026.
Chart: closing prices we have recorded since 30/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 30/07/2026 to 05/10/2026. The same history in October 2026 pounds, adjusted with ONS 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 199 rolling 12-month returns since December 2021, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since December 2021, in pounds, with how many weeks each 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 does 3SMH track?
3SMH tracks the MarketVector US Listed Semiconductor 10% Capped Screened Index.
Is 3SMH accumulating or distributing?
3SMH 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 3SMH?
The ISIN of 3SMH is XS2399367502. An ISIN identifies one exact share class of a fund; 3SMH is its ticker on the London Stock Exchange.
What were 3SMH’s returns in each of the last five years?
Calendar-year returns of 3SMH in pounds (price, with income reinvested in the fund): 2022 −82.9%, 2023 +244.5%, 2024 +68.1%, 2025 +59.9%; 2026 to 02/10/2026 +153.4%. Past performance is not a guide to future returns.
How has 3SMH done after inflation?
Over the three years to 02/10/2026 3SMH’s total return was +944.1%, or +842.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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