# Leverage Shares 3x Tesla ETP (3TSL) **Page:** https://fundology.uk/fund/3tsl · ISIN XS2757381400 ## 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, 3TSL (Leverage Shares 3x Tesla ETP, ISIN XS2757381400) closed at £5.13 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the five years to 13/11/2026 its price changed by −99.7%, or −99.8% after UK CPIH inflation. ## Summary Leverage Shares 3x Tesla 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. Its ongoing charge is 4.78% a year — about £478 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: **£5.13** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3TSL | | ISIN | XS2757381400 | | Also listed as | 3TSE (London Stock Exchange, euros), TSL3 (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | Leverage Shares | | Tracks | iSTOXX Leveraged 3X TSLA (USD)(NR) | | Income | Accumulating | | Ongoing charge | 4.78% a year (£478 per £10,000) | | Fund size | £93.4m | | Launched | 2021 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2021 | ## 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 | -69.60% | -70.68% | income reinvested | | 3 years | -85.39% | -86.80% | income reinvested | | 5 years | -99.68% | -99.75% | 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 Leverage Shares 3x Tesla ETP in pounds (price, with income reinvested in the fund): 2022 −99.0%, 2023 +217.5%, 2024 +2.2%, 2025 −67.7%; 2026 to 13/11/2026 −67.0%. Returns of Leverage Shares 3x Tesla ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −76.2%; to 30/09/2025: −10.5%; to 30/09/2024: −66.0%; to 30/09/2023: −81.0%; to 30/09/2022: −62.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -99.0% | -99.1% | Price | | 2023 | +217.5% | +204.8% | Price | | 2024 | +2.2% | -1.3% | Price | | 2025 | -67.7% | -68.8% | Price | | 2026 to 13/11/2026 | -67.0% | -68.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 129.61% | -85.13% | | 3 years | 161.66% | -95.62% | | 5 years | 168.05% | -99.84% | ## Largest fall Volatility of Leverage Shares 3x Tesla ETP in pounds, annualised from weekly returns to 13/11/2026: 129.6% over 1 year, 161.7% over 3 years, 168.0% over 5 years. Largest fall in the price of Leverage Shares 3x Tesla ETP since November 2021, in pounds: −99.8% from 19/11/2021 to 31/07/2026. The lowest 12-month return of Leverage Shares 3x Tesla ETP in pounds (price, with income reinvested in the fund) since March 2021 was −99.2% (12 months to 06/01/2023); the highest was +267.2% (12 months to 05/01/2024). On 13/11/2026 the price of Leverage Shares 3x Tesla ETP was 99.7% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Leverage Shares 3x Tesla ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **4.78%** per year (as of 16/10/2026) - 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 3TSL?** The ongoing charge of 3TSL is 4.78% a year — about £478 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 Leverage Shares 3x Tesla ETP 4.78% a year. Compared on 14/11/2026, 4 of the 210 other leveraged and inverse products charge more, 17 the same and 189 less (share classes counted once). **What does 3TSL track?** 3TSL tracks the iSTOXX Leveraged 3X TSLA (USD)(NR). **Is 3TSL accumulating or distributing?** 3TSL 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 3TSL?** The ISIN of 3TSL is XS2757381400. An ISIN identifies one exact share class of a fund; 3TSL is its ticker on the London Stock Exchange. The same share class is also listed as 3TSE (London Stock Exchange, euros) and TSL3 (London Stock Exchange, US dollars). **What were 3TSL’s returns in each of the last five years?** Calendar-year returns of 3TSL in pounds (price, with income reinvested in the fund): 2022 −99.0%, 2023 +217.5%, 2024 +2.2%, 2025 −67.7%; 2026 to 13/11/2026 −67.0%. Past performance is not a guide to future returns. **How has 3TSL done after inflation?** Over the five years to 13/11/2026 3TSL’s price changed by −99.7%, or −99.8% 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.