# WisdomTree Wheat 3x Daily Leveraged (3WHL)

**Source:** https://fundology.uk/fund/3whl · ISIN JE00BYQY8102 · 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, 3WHL (WisdomTree Wheat 3x Daily Leveraged, ISIN JE00BYQY8102) closed at $0.1838 on the London Stock Exchange. Its ongoing charge is 0.98% a year (about £98 on £10,000). Over the five years to 30/09/2026 its total return was −96.9%, or −97.6% after UK CPIH inflation.

## Summary

WisdomTree Wheat 3x Daily Leveraged is an exchange-traded fund (ETF) from WisdomTree, launched in 2015. 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 0.98% a year — about £98 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: **$0.1838** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3WHL |
| ISIN | JE00BYQY8102 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | Bloomberg Wheat Subindex |
| Ongoing charge | 0.98% a year (£98 per £10,000) |
| Fund size | £11.9m |
| Launched | 2015 |
| Domicile | United Kingdom |

## 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 | +40.85% | +36.43% | income reinvested |
| 3 years | -66.12% | -69.43% | income reinvested |
| 5 years | -96.92% | -97.59% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of WisdomTree Wheat 3x Daily Leveraged in pounds (price only; the fund pays no income): 2022 −61.5%, 2023 −74.6%, 2024 −64.2%, 2025 −52.3%; 2026 to 30/09/2026 +52.9%. Returns of WisdomTree Wheat 3x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +37.3%; to 30/09/2025: −58.2%; to 30/09/2024: −51.8%; to 30/09/2023: −88.5%; to 30/09/2022: −10.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -61.5% | -64.7% | Price |
| 2023 | -74.6% | -75.6% | Price |
| 2024 | -64.2% | -65.4% | Price |
| 2025 | -52.3% | -53.9% | Price |
| 2026 to 30/09/2026 | +52.9% | +48.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 78.70% | -32.29% |
| 3 years | 73.62% | -85.89% |
| 5 years | 116.70% | -99.59% |

## Largest fall

Volatility of WisdomTree Wheat 3x Daily Leveraged in pounds, annualised from weekly returns to 30/09/2026: 78.7% over 1 year, 73.6% over 3 years, 116.7% over 5 years. Largest fall in the price of WisdomTree Wheat 3x Daily Leveraged since October 2021, in pounds: −99.6% from 04/03/2022 to 02/01/2026. The lowest 12-month return of WisdomTree Wheat 3x Daily Leveraged in pounds (price only; the fund pays no income) since January 2021 was −92.9% (12 months to 19/05/2023); the highest was +339.8% (12 months to 04/03/2022). On 30/09/2026 the price of WisdomTree Wheat 3x Daily Leveraged was 99.3% below its highest weekly close since October 2021 (04/03/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Wheat 3x Daily Leveraged 0.98% a year, as of 01/10/2026: 136 of the 280 other leveraged and inverse products charge more, 16 the same and 128 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.98%** 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.