ETN / ETP · Leverage Shares
3TSM Leverage Shares 3x Long Taiwan Semiconductor ETP
ISIN XS2399365043London Stock Exchange: 3TSMLeverage Shares LLC
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£8.58
on
- Ongoing charge
- 3.78% a year
- Fund size
- £5.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 3TSM (Leverage Shares 3x Long Taiwan Semiconductor ETP, ISIN XS2399365043) closed at £8.58 on the London Stock Exchange. Its ongoing charge is 3.78% a year (about £378 on £10,000). Over the three years to 13/11/2026 its total return was +974.2%, or +870.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +46.9%
- +41.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +974.2%
- +870.5% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Leverage Shares 3x Long Taiwan Semiconductor ETP in pounds (price, with income reinvested in the fund): 2022 −85.2%, 2023 +90.5%, 2024 +330.0%, 2025 +62.9%; 2026 to 13/11/2026 +10.2%. Returns of Leverage Shares 3x Long Taiwan Semiconductor ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +112.9%; to 30/09/2025: +127.3%; to 30/09/2024: +347.4%; to 30/09/2023: +14.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +10.2% | +6.7% | |
| to | +62.9% | +57.3% | |
| to | +330.0% | +315.4% | |
| +90.5% | +82.9% | ||
| −85.2% | −86.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +112.9% | +105.3% |
| from | +127.3% | +118.5% |
| from | +347.4% | +336.0% |
| from | +14.7% | +7.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
107.9%over 3 years
| 1 year | 96.1% |
|---|---|
| 3 years | 107.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since December 2021
- −93.6%
- From to
- Lowest 12-month return
- −85.2%
- 12 months to
- Highest 12-month return
- +793.7%
- 12 months to
- Below its highest weekly close since December 2021
- 54.1%
- High of , latest
In words: Volatility of Leverage Shares 3x Long Taiwan Semiconductor ETP in pounds, annualised from weekly returns to 13/11/2026: 96.1% over 1 year, 107.9% over 3 years. Largest fall in the price of Leverage Shares 3x Long Taiwan Semiconductor ETP since December 2021, in pounds: −93.6% from 14/01/2022 to 28/10/2022. The lowest 12-month return of Leverage Shares 3x Long Taiwan Semiconductor ETP in pounds (price, with income reinvested in the fund) since December 2021 was −85.2% (12 months to 30/12/2022); the highest was +793.7% (12 months to 24/04/2026). On 13/11/2026 the price of Leverage Shares 3x Long Taiwan Semiconductor ETP was 54.1% below its highest weekly close since December 2021 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 3.78%
- a year
- On £10,000
- £378
- a year, roughly
- Over five years
- £1,752
- of £10,000, before growth
- 152 charge less
- 22 the same
- 36 charge more
Ongoing charge of Leverage Shares 3x Long Taiwan Semiconductor ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Leverage Shares 3x Long Taiwan Semiconductor 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 3.78% a year — about £378 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
- 3TSM
- ISIN
- XS2399365043
- Also listed as
- TS3E (London Stock Exchange, euros), TSM3 (London Stock Exchange, US dollars)
- Provider
- Leverage Shares
- Tracks
- iSTOXX Leveraged 3X TSM (USD)(NR)
- 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
- 3.78% a year · about £378 on £10,000
- Fund size
- £5.8m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Over the last year, the closing price went from £6.28 on 14/11/2025 to £8.58 on 13/11/2026 (+36.7%). The lowest close shown was £5.43 on 21/11/2025 and the highest £18.70 on 19/06/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
257 weekly closes, from 17/12/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 205 rolling 12-month returns since December 2021, and of 101 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since December 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of 3TSM?
The ongoing charge of 3TSM is 3.78% a year — about £378 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 Long Taiwan Semiconductor ETP 3.78% a year. Compared on 14/11/2026, 36 of the 210 other leveraged and inverse products charge more, 22 the same and 152 less (share classes counted once).
What does 3TSM track?
3TSM tracks the iSTOXX Leveraged 3X TSM (USD)(NR).
Is 3TSM accumulating or distributing?
3TSM 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 3TSM?
The ISIN of 3TSM is XS2399365043. An ISIN identifies one exact share class of a fund; 3TSM is its ticker on the London Stock Exchange. The same share class is also listed as TS3E (London Stock Exchange, euros) and TSM3 (London Stock Exchange, US dollars).
What were 3TSM’s returns in each of the last five years?
Calendar-year returns of 3TSM in pounds (price, with income reinvested in the fund): 2022 −85.2%, 2023 +90.5%, 2024 +330.0%, 2025 +62.9%; 2026 to 13/11/2026 +10.2%. Past performance is not a guide to future returns.
How has 3TSM done after inflation?
Over the three years to 13/11/2026 3TSM’s total return was +974.2%, or +870.5% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- 0W9JAmundi NASDAQ-100 Daily (2X) Leveraged UCITS ETF -Acc-0.60% a year · £1.1bn
- 0WAXAmundi ETF Leveraged MSCI USA Daily0.50% a year · £991m
- XS2DXtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C0.60% a year · £452m
- LQQ3WisdomTree NASDAQ 100 3x Daily Leveraged0.75% a year · £405m
- 0MRTAmundi CAC 40 Daily (2X) Leveraged UCITS ETF -Acc-0.40% a year · £207m
- 0MRPMulti Units France - Amundi EURO STOXX 50 Daily (2x) Leveraged UCITS ETF0.40% a year · £194m
- 3SOIWisdomTree WTI Crude Oil 3x Daily Short0.99% a year · £171m
- 3LGOWisdomTree Gold 3x Daily Leveraged0.99% a year · £163m
Fund documents and methods
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.