# WisdomTree S&P 500 3x Daily Short (3ULS)

**Page:** https://fundology.uk/fund/3uls · ISIN IE00B8K7KM88

## 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, 3ULS (WisdomTree S&P 500 3x Daily Short, ISIN IE00B8K7KM88) closed at £5.39 on the London Stock Exchange. Its ongoing charge is 0.80% a year (about £80 on £10,000). Over the five years to 13/11/2026 its total return was −85.7%, or −88.9% after UK CPIH inflation.

## Summary

WisdomTree S&P 500 3x Daily Short is an exchange-traded product from WisdomTree, launched in 2012. 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 0.8% a year — about £80 a year on every £10,000 invested, taken from the fund's value rather than billed 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: **£5.39** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3ULS |
| ISIN | IE00B8K7KM88 |
| Also listed as | 3USS (London Stock Exchange, US dollars), US9S (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | WisdomTree |
| Tracks | S&P 500 |
| Ongoing charge | 0.80% a year (£80 per £10,000) |
| Fund size | £22.3m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 30/07/2012 |

## 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 | -30.39% | -32.85% | income reinvested |
| 3 years | -83.81% | -85.37% | income reinvested |
| 5 years | -85.75% | -88.88% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree S&P 500 3x Daily Short in pounds (price only): 2022 +51.7%, 2023 −50.3%, 2024 −43.6%, 2025 −47.2%; 2026 to 13/11/2026 −25.8%. Returns of WisdomTree S&P 500 3x Daily Short in pounds (price only) over the 12 months to 30/09/2026: −33.8%; to 30/09/2025: −44.7%; to 30/09/2024: −59.8%; to 30/09/2023: −47.6%; to 30/09/2022: +44.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +51.7% | +38.9% | Price |
| 2023 | -50.3% | -52.3% | Price |
| 2024 | -43.6% | -45.5% | Price |
| 2025 | -47.2% | -49.0% | Price |
| 2026 to 13/11/2026 | -25.8% | -28.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 35.86% | -45.98% |
| 3 years | 41.07% | -85.43% |
| 5 years | 48.05% | -92.67% |

## Largest fall

Volatility of WisdomTree S&P 500 3x Daily Short in pounds, annualised from weekly returns to 13/11/2026: 35.9% over 1 year, 41.1% over 3 years, 48.0% over 5 years. Largest fall in the price of WisdomTree S&P 500 3x Daily Short since November 2021, in pounds: −92.7% from 14/10/2022 to 14/08/2026. The lowest 12-month return of WisdomTree S&P 500 3x Daily Short in pounds (price only) since January 2021 was −64.9% (12 months to 25/10/2024); the highest was +68.5% (12 months to 04/11/2022). On 13/11/2026 the price of WisdomTree S&P 500 3x Daily Short was 91.8% below its highest weekly close since November 2021 (23/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree S&P 500 3x Daily Short 0.80% a year. Compared on 14/11/2026, 162 of the 210 other leveraged and inverse products charge more, 2 the same and 46 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.80%** 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 3ULS?**

The ongoing charge of 3ULS is 0.80% a year — about £80 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 WisdomTree S&P 500 3x Daily Short 0.80% a year. Compared on 14/11/2026, 162 of the 210 other leveraged and inverse products charge more, 2 the same and 46 less (share classes counted once).

**What does 3ULS track?**

3ULS tracks the S&P 500.

**What is the ISIN of 3ULS?**

The ISIN of 3ULS is IE00B8K7KM88. An ISIN identifies one exact share class of a fund; 3ULS is its ticker on the London Stock Exchange. The same share class is also listed as 3USS (London Stock Exchange, US dollars) and US9S (Xetra, euros).

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

Calendar-year returns of 3ULS in pounds (price only): 2022 +51.7%, 2023 −50.3%, 2024 −43.6%, 2025 −47.2%; 2026 to 13/11/2026 −25.8%. Past performance is not a guide to future returns.

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

Over the five years to 13/11/2026 3ULS’s total return was −85.7%, or −88.9% 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.