# Graniteshares 3X Short Amazon Daily ETP (3SZP)

**Page:** https://fundology.uk/fund/3szp · ISIN XS2671672900

## 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, 3SZP (Graniteshares 3X Short Amazon Daily ETP, ISIN XS2671672900) closed at £0.613 on the London Stock Exchange. Its ongoing charge is 2.69% a year (about £269 on £10,000). Over the three years to 13/11/2026 its total return was −97.1%, or −97.3% after UK CPIH inflation.

## Summary

Graniteshares 3X Short Amazon 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 2.69% a year — about £269 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: **£0.613** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3SZP |
| ISIN | XS2671672900 |
| Also listed as | 3SPE (London Stock Exchange, euros), 3SZN (London Stock Exchange, US dollars) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x short Amazon Index |
| Income | Accumulating |
| Ongoing charge | 2.69% a year (£269 per £10,000) |
| Fund size | £521k |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/09/2023 |

## 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 | -57.80% | -59.29% | income reinvested |
| 3 years | -97.06% | -97.34% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Graniteshares 3X Short Amazon Daily ETP in pounds (price, with income reinvested in the fund): 2024 −76.2%, 2025 −52.0%; 2026 to 13/11/2026 −65.7%. Returns of Graniteshares 3X Short Amazon Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −64.4%; to 30/09/2025: −66.2%; to 30/09/2024: −79.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -76.2% | -77.0% | Price |
| 2025 | -52.0% | -53.6% | Price |
| 2026 to 13/11/2026 | -65.7% | -66.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 123.38% | -74.34% |
| 3 years | 95.10% | -97.03% |

## Largest fall

Volatility of Graniteshares 3X Short Amazon Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 123.4% over 1 year, 95.1% over 3 years. Largest fall in the price of Graniteshares 3X Short Amazon Daily ETP since September 2023, in pounds: −98.1% from 20/10/2023 to 13/11/2026. The lowest 12-month return of Graniteshares 3X Short Amazon Daily ETP in pounds (price, with income reinvested in the fund) since September 2023 was −81.7% (12 months to 17/04/2026); the highest was −23.7% (12 months to 04/04/2025). On 13/11/2026 the price of Graniteshares 3X Short Amazon Daily ETP was 98.1% below its highest weekly close since September 2023 (20/10/2023), in pounds.

## Charges compared with similar funds

Ongoing charge of Graniteshares 3X Short Amazon Daily ETP 2.69% a year. Compared on 14/11/2026, 74 of the 210 other leveraged and inverse products charge more, 1 the same and 135 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.69%** 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 3SZP?**

The ongoing charge of 3SZP is 2.69% a year — about £269 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 Amazon Daily ETP 2.69% a year. Compared on 14/11/2026, 74 of the 210 other leveraged and inverse products charge more, 1 the same and 135 less (share classes counted once).

**What does 3SZP track?**

3SZP tracks the Solactive Daily Leveraged 3x short Amazon Index.

**Is 3SZP accumulating or distributing?**

3SZP 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 3SZP?**

The ISIN of 3SZP is XS2671672900. An ISIN identifies one exact share class of a fund; 3SZP is its ticker on the London Stock Exchange. The same share class is also listed as 3SPE (London Stock Exchange, euros) and 3SZN (London Stock Exchange, US dollars).

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

Calendar-year returns of 3SZP in pounds (price, with income reinvested in the fund): 2024 −76.2%, 2025 −52.0%; 2026 to 13/11/2026 −65.7%. Past performance is not a guide to future returns.

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

Over the three years to 13/11/2026 3SZP’s total return was −97.1%, or −97.3% 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.