# Graniteshares 3X Short Tesla Daily ETP (3STP) **Page:** https://fundology.uk/fund/3stp · ISIN XS3075487556 ## 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, 3STP (Graniteshares 3X Short Tesla Daily ETP, ISIN XS3075487556) closed at £1.03 on the London Stock Exchange. Its ongoing charge is 0.99% a year (about £99 on £10,000). Over the five years to 13/11/2026 its price changed by −100.0%, or −100.0% after UK CPIH inflation. ## Summary Graniteshares 3X Short Tesla 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 0.99% a year — about £99 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: **£1.03** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3STP | | ISIN | XS3075487556 | | Also listed as | 3STE (London Stock Exchange, euros), 3STS (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x short Tesla Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.99% a year (£99 per £10,000) | | Fund size | £14.1m | | 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 | -56.95% | -58.47% | income reinvested | | 3 years | -99.95% | -99.96% | income reinvested | | 5 years | -100.00% | -100.00% | 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 Tesla Daily ETP in pounds (price, with income reinvested in the fund): 2022 +94.4%, 2023 −98.1%, 2024 −97.7%, 2025 −93.4%; 2026 to 13/11/2026 −47.4%. Returns of Graniteshares 3X Short Tesla Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −41.4%; to 30/09/2025: −98.9%; to 30/09/2024: −85.3%; to 30/09/2023: −85.6%; to 30/09/2022: −92.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +94.4% | +77.9% | Price | | 2023 | -98.1% | -98.2% | Price | | 2024 | -97.7% | -97.8% | Price | | 2025 | -93.4% | -93.6% | Price | | 2026 to 13/11/2026 | -47.4% | -49.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 139.48% | -69.67% | | 3 years | 156.53% | -99.98% | | 5 years | 163.77% | -100.00% | ## Largest fall Volatility of Graniteshares 3X Short Tesla Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 139.5% over 1 year, 156.5% over 3 years, 163.8% over 5 years. Largest fall in the price of Graniteshares 3X Short Tesla Daily ETP since November 2021, in pounds: −100.0% from 06/01/2023 to 13/11/2026. The lowest 12-month return of Graniteshares 3X Short Tesla Daily ETP in pounds (price, with income reinvested in the fund) since April 2021 was −99.5% (12 months to 30/05/2025); the highest was +157.2% (12 months to 06/01/2023). On 13/11/2026 the price of Graniteshares 3X Short Tesla Daily ETP was 100.0% below its highest weekly close since November 2021 (06/01/2023), in pounds. ## Charges compared with similar funds Ongoing charge of Graniteshares 3X Short Tesla Daily ETP 0.99% a year. Compared on 14/11/2026, 124 of the 210 other leveraged and inverse products charge more, 17 the same and 69 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.99%** 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 3STP?** The ongoing charge of 3STP is 0.99% a year — about £99 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 Tesla Daily ETP 0.99% a year. Compared on 14/11/2026, 124 of the 210 other leveraged and inverse products charge more, 17 the same and 69 less (share classes counted once). **What does 3STP track?** 3STP tracks the Solactive Daily Leveraged 3x short Tesla Index. **Is 3STP accumulating or distributing?** 3STP 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 3STP?** The ISIN of 3STP is XS3075487556. An ISIN identifies one exact share class of a fund; 3STP is its ticker on the London Stock Exchange. The same share class is also listed as 3STE (London Stock Exchange, euros) and 3STS (London Stock Exchange, US dollars). **What were 3STP’s returns in each of the last five years?** Calendar-year returns of 3STP in pounds (price, with income reinvested in the fund): 2022 +94.4%, 2023 −98.1%, 2024 −97.7%, 2025 −93.4%; 2026 to 13/11/2026 −47.4%. Past performance is not a guide to future returns. **How has 3STP done after inflation?** Over the five years to 13/11/2026 3STP’s price changed by −100.0%, or −100.0% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.