# WisdomTree Aluminium 2x Daily Leveraged (LALU)

**Page:** https://fundology.uk/fund/lalu · ISIN JE00B2NFTC05

## 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, LALU (WisdomTree Aluminium 2x Daily Leveraged, ISIN JE00B2NFTC05) closed at $2.76 on the London Stock Exchange. Its ongoing charge is 0.98% a year (about £98 on £10,000). Over the five years to 13/11/2026 its total return was −21.1%, or −38.4% after UK CPIH inflation.

## Summary

WisdomTree Aluminium 2x Daily Leveraged is an exchange-traded commodity (ETC) from WisdomTree, launched in 2008. 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: **$2.76** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LALU |
| ISIN | JE00B2NFTC05 |
| Category | Leveraged & inverse |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | Bloomberg Aluminum Subindex (TR) |
| Ongoing charge | 0.98% a year (£98 per £10,000) |
| Fund size | £2.7m |
| Launched | 2008 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2009 |

## 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 | +7.75% | +3.93% | income reinvested |
| 3 years | +37.55% | +24.27% | income reinvested |
| 5 years | -21.07% | -38.39% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Aluminium 2x Daily Leveraged in pounds (price only; the fund pays no income): 2022 −29.4%, 2023 −21.1%, 2024 −2.5%, 2025 +28.4%; 2026 to 13/11/2026 +1.8%. Returns of WisdomTree Aluminium 2x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +35.8%; to 30/09/2025: −2.2%; to 30/09/2024: +0.6%; to 30/09/2023: −10.7%; to 30/09/2022: −38.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -29.4% | -35.3% | Price |
| 2023 | -21.1% | -24.3% | Price |
| 2024 | -2.5% | -5.8% | Price |
| 2025 | +28.4% | +24.0% | Price |
| 2026 to 13/11/2026 | +1.8% | -1.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 41.52% | -33.48% |
| 3 years | 38.93% | -35.10% |
| 5 years | 45.36% | -75.83% |

## Largest fall

Volatility of WisdomTree Aluminium 2x Daily Leveraged in pounds, annualised from weekly returns to 13/11/2026: 41.5% over 1 year, 38.9% over 3 years, 45.4% over 5 years. Largest fall in the price of WisdomTree Aluminium 2x Daily Leveraged since November 2021, in pounds: −75.8% from 04/03/2022 to 18/04/2025. The lowest 12-month return of WisdomTree Aluminium 2x Daily Leveraged in pounds (price only; the fund pays no income) since January 2021 was −63.1% (12 months to 03/03/2023); the highest was +192.3% (12 months to 04/03/2022). On 13/11/2026 the price of WisdomTree Aluminium 2x Daily Leveraged was 61.7% below its highest weekly close since November 2021 (04/03/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Aluminium 2x Daily Leveraged 0.98% a year. Compared on 14/11/2026, 142 of the 210 other leveraged and inverse products charge more, 17 the same and 51 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.98%** per year (as of 13/11/2026)
- 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 LALU?**

The ongoing charge of LALU 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. Platform and dealing fees are charged separately. Ongoing charge of WisdomTree Aluminium 2x Daily Leveraged 0.98% a year. Compared on 14/11/2026, 142 of the 210 other leveraged and inverse products charge more, 17 the same and 51 less (share classes counted once).

**What does LALU track?**

LALU tracks the Bloomberg Aluminum Subindex (TR).

**What is the ISIN of LALU?**

The ISIN of LALU is JE00B2NFTC05. An ISIN identifies one exact share class of a fund; LALU is its ticker on the London Stock Exchange.

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

Calendar-year returns of LALU in pounds (price only; the fund pays no income): 2022 −29.4%, 2023 −21.1%, 2024 −2.5%, 2025 +28.4%; 2026 to 13/11/2026 +1.8%. Past performance is not a guide to future returns.

**How has LALU done after inflation?**

Over the five years to 13/11/2026 LALU’s total return was −21.1%, or −38.4% 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.