# Graniteshares 3X Short Netflix Daily ETP (3SNP)

**Page:** https://fundology.uk/fund/3snp · ISIN XS3075487986

## 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, 3SNP (Graniteshares 3X Short Netflix Daily ETP, ISIN XS3075487986) closed at £54.34 on the London Stock Exchange. Its ongoing charge is 3.64% a year (about £364 on £10,000). Over the five years to 13/11/2026 its price changed by −99.3%, or −99.4% after UK CPIH inflation.

## Summary

Graniteshares 3X Short Netflix 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 3.64% a year — about £364 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: **£54.34** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3SNP |
| ISIN | XS3075487986 |
| Also listed as | 3SNE (London Stock Exchange, euros), 3SNF (London Stock Exchange, US dollars) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x short Netflix Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 3.64% a year (£364 per £10,000) |
| Fund size | £4.6m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2025 |

## 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 | +164.14% | +154.78% | income reinvested |
| 3 years | -94.13% | -94.70% | income reinvested |
| 5 years | -99.28% | -99.44% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Graniteshares 3X Short Netflix Daily ETP in pounds (price, with income reinvested in the fund): 2022 −32.5%, 2023 −91.0%, 2024 −88.6%, 2025 −52.3%; 2026 to 13/11/2026 +73.7%. Returns of Graniteshares 3X Short Netflix Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +122.0%; to 30/09/2025: −87.2%; to 30/09/2024: −91.6%; to 30/09/2023: −91.8%; to 30/09/2022: +84.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -32.5% | -38.2% | Price |
| 2023 | -91.0% | -91.3% | Price |
| 2024 | -88.6% | -89.0% | Price |
| 2025 | -52.3% | -54.0% | Price |
| 2026 to 13/11/2026 | +73.7% | +68.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 99.50% | -65.59% |
| 3 years | 97.65% | -98.45% |
| 5 years | 131.01% | -99.99% |

## Largest fall

Volatility of Graniteshares 3X Short Netflix Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 99.5% over 1 year, 97.6% over 3 years, 131.0% over 5 years. Largest fall in the price of Graniteshares 3X Short Netflix Daily ETP since November 2021, in pounds: −100.0% from 06/05/2022 to 27/06/2025. The lowest 12-month return of Graniteshares 3X Short Netflix Daily ETP in pounds (price, with income reinvested in the fund) since April 2021 was −98.5% (12 months to 16/06/2023); the highest was +347.3% (12 months to 06/05/2022). On 13/11/2026 the price of Graniteshares 3X Short Netflix Daily ETP was 99.9% below its highest weekly close since November 2021 (06/05/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Graniteshares 3X Short Netflix Daily ETP 3.64% a year. Compared on 14/11/2026, 60 of the 210 other leveraged and inverse products charge more, 1 the same and 149 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.64%** per year
- 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 3SNP?**

The ongoing charge of 3SNP is 3.64% a year — about £364 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 Netflix Daily ETP 3.64% a year. Compared on 14/11/2026, 60 of the 210 other leveraged and inverse products charge more, 1 the same and 149 less (share classes counted once).

**What does 3SNP track?**

3SNP tracks the Solactive Daily Leveraged 3x short Netflix Index.

**Is 3SNP accumulating or distributing?**

3SNP 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 3SNP?**

The ISIN of 3SNP is XS3075487986. An ISIN identifies one exact share class of a fund; 3SNP is its ticker on the London Stock Exchange. The same share class is also listed as 3SNE (London Stock Exchange, euros) and 3SNF (London Stock Exchange, US dollars).

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

Calendar-year returns of 3SNP in pounds (price, with income reinvested in the fund): 2022 −32.5%, 2023 −91.0%, 2024 −88.6%, 2025 −52.3%; 2026 to 13/11/2026 +73.7%. Past performance is not a guide to future returns.

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

Over the five years to 13/11/2026 3SNP’s price changed by −99.3%, or −99.4% 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.