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

**Source:** https://fundology.uk/fund/3uls · ISIN IE00B8K7KM88 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, 3ULS (WisdomTree S&P 500 3x Daily Short, ISIN IE00B8K7KM88) closed at £5.05 on the London Stock Exchange. Its ongoing charge is 0.80% a year (about £80 on £10,000). Over the five years to 30/09/2026 its total return was −88.4%, or −90.9% after UK CPIH inflation.

## Summary

WisdomTree S&P 500 3x Daily Short is an exchange-traded fund (ETF) 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: **£5.05** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3ULS |
| ISIN | IE00B8K7KM88 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | S&P 500 |
| Ongoing charge | 0.80% a year (£80 per £10,000) |
| Fund size | £16.7m |
| Launched | 2012 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -34.89% | -36.93% | income reinvested |
| 3 years | -85.23% | -86.67% | income reinvested |
| 5 years | -88.41% | -90.94% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 −45.9%, 2025 −46.5%; 2026 to 30/09/2026 −28.4%. Returns of WisdomTree S&P 500 3x Daily Short in pounds (price only) over the 12 months to 30/09/2026: −37.4%; to 30/09/2025: −41.5%; to 30/09/2024: −59.8%; to 30/09/2023: −47.6%; to 30/09/2022: +57.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +51.7% | +38.9% | Price |
| 2023 | -50.3% | -52.3% | Price |
| 2024 | -45.9% | -47.8% | Price |
| 2025 | -46.5% | -48.4% | Price |
| 2026 to 30/09/2026 | -28.4% | -30.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 37.54% | -45.98% |
| 3 years | 42.26% | -87.61% |
| 5 years | 48.14% | -92.67% |

## Largest fall

Volatility of WisdomTree S&P 500 3x Daily Short in pounds, annualised from weekly returns to 30/09/2026: 37.5% over 1 year, 42.3% over 3 years, 48.1% over 5 years. Largest fall in the price of WisdomTree S&P 500 3x Daily Short since October 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 30/09/2026 the price of WisdomTree S&P 500 3x Daily Short was 92.3% below its highest weekly close since October 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, as of 01/10/2026: 155 of the 280 other leveraged and inverse products charge more, 3 the same and 122 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.80%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.