ETN / ETP · GraniteShares
3SMP GraniteShares 3X Short Microsoft Daily ETP
ISIN XS2722160707London Stock Exchange: 3SMPGraniteShares Financial Plc
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£3.25
on
- Ongoing charge
- 2.54% a year
- Fund size
- £360k
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 02/10/2026, 3SMP (GraniteShares 3X Short Microsoft Daily ETP, ISIN XS2722160707) closed at £3.25 on the London Stock Exchange. Its ongoing charge is 2.54% a year (about £254 on £10,000). Over the three years to 02/10/2026 its total return was −92.3%, or −93.0% after UK CPIH inflation.
Past returns
- 1 year to 02/10/2026
- −44.3%
- −46.1% after inflation (UK CPIH)
- 3 years to 02/10/2026
- −92.3%
- −93.0% after inflation (UK CPIH)
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Charges compared with similar funds
- Ongoing charge
- 2.54%
- a year
- On £10,000
- £254
- a year, roughly
- Over five years
- £1,207
- of £10,000, before growth
- 185 charge less
- 0 the same
- 73 charge more
Ongoing charge of GraniteShares 3X Short Microsoft Daily ETP 2.54% a year, as of 02/10/2026: 73 of the 258 other leveraged and inverse products charge more, 0 the same and 185 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
GraniteShares 3X Short Microsoft Daily ETP is an exchange-traded product from GraniteShares, 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 2.54% a year — about £254 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
- 3SMP
- ISIN
- XS2722160707
- Provider
- GraniteShares
- Tracks
- Solactive Daily Leveraged 3x Short Microsoft Corp 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.
- Ongoing charge
- 2.54% a year · about £254 on £10,000
- Fund size
- £360k
- Launched
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Questions people ask
What is the ongoing charge of 3SMP?
The ongoing charge of 3SMP is 2.54% a year — about £254 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 GraniteShares 3X Short Microsoft Daily ETP 2.54% a year, as of 02/10/2026: 73 of the 258 other leveraged and inverse products charge more, 0 the same and 185 less (share classes counted once).
What does 3SMP track?
3SMP tracks the Solactive Daily Leveraged 3x Short Microsoft Corp Index.
Is 3SMP accumulating or distributing?
3SMP 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 3SMP?
The ISIN of 3SMP is XS2722160707. An ISIN identifies one exact share class of a fund; 3SMP is its ticker on the London Stock Exchange.
How has 3SMP done after inflation?
Over the three years to 02/10/2026 3SMP’s total return was −92.3%, or −93.0% 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)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- 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
A machine-readable copy of this page: Markdown.