# WisdomTree Cocoa 2x Daily Leveraged (LCOC)

**Source:** https://fundology.uk/fund/lcoc · ISIN JE00B2NFV803 · 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, LCOC (WisdomTree Cocoa 2x Daily Leveraged, ISIN JE00B2NFV803) closed at $18.03 on the London Stock Exchange. Its ongoing charge is 1.03% a year (about £103 on £10,000). Over the five years to 30/09/2026 its total return was +176.1%, or +115.8% after UK CPIH inflation.

## Summary

WisdomTree Cocoa 2x Daily Leveraged is an exchange-traded fund (ETF) 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 1.03% a year — about £103 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:** 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: **$18.03** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LCOC |
| ISIN | JE00B2NFV803 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | WisdomTree |
| Tracks | Bloomberg Cocoa Subindex Total Return |
| Income | Accumulating |
| Ongoing charge | 1.03% a year (£103 per £10,000) |
| Fund size | £28.8m |
| Launched | 2008 |
| 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 | -64.82% | -65.93% | income reinvested |
| 3 years | +84.53% | +66.52% | income reinvested |
| 5 years | +176.09% | +115.83% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Cocoa 2x Daily Leveraged in pounds (price, with income reinvested in the fund): 2022 −4.5%, 2023 +148.7%, 2024 +738.9%, 2025 −72.1%; 2026 to 30/09/2026 −46.8%. Returns of WisdomTree Cocoa 2x Daily Leveraged in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −64.3%; to 30/09/2025: −36.1%; to 30/09/2024: +701.2%; to 30/09/2023: +86.2%; to 30/09/2022: −20.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -4.5% | -12.6% | Price |
| 2023 | +148.7% | +138.8% | Price |
| 2024 | +738.9% | +710.4% | Price |
| 2025 | -72.1% | -73.1% | Price |
| 2026 to 30/09/2026 | -46.8% | -48.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 118.16% | -83.09% |
| 3 years | 124.60% | -95.76% |
| 5 years | 99.95% | -95.76% |

## Largest fall

Volatility of WisdomTree Cocoa 2x Daily Leveraged in pounds, annualised from weekly returns to 30/09/2026: 118.2% over 1 year, 124.6% over 3 years, 100.0% over 5 years. Largest fall in the price of WisdomTree Cocoa 2x Daily Leveraged since October 2021, in pounds: −95.8% from 20/12/2024 to 27/02/2026. The lowest 12-month return of WisdomTree Cocoa 2x Daily Leveraged in pounds (price, with income reinvested in the fund) since January 2021 was −91.8% (12 months to 27/02/2026); the highest was +1482.2% (12 months to 19/04/2024). On 30/09/2026 the price of WisdomTree Cocoa 2x Daily Leveraged was 89.3% below its highest weekly close since October 2021 (20/12/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Cocoa 2x Daily Leveraged 1.03% a year, as of 01/10/2026: 104 of the 280 other leveraged and inverse products charge more, 14 the same and 162 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.03%** 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.