# WisdomTree Copper 2x Daily Leveraged (LCOP) **Page:** https://fundology.uk/fund/lcop · ISIN JE00B2NFTF36 ## 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, LCOP (WisdomTree Copper 2x Daily Leveraged, ISIN JE00B2NFTF36) closed at $11.28 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 +2.2%, or −20.3% after UK CPIH inflation. ## Summary WisdomTree Copper 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: **$11.28** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | LCOP | | ISIN | JE00B2NFTF36 | | Also listed as | 4RT3 (Xetra, euros) | | Category | Leveraged & inverse | | Type | ETC | | Provider | WisdomTree | | Tracks | Bloomberg Copper Subindex (TR) | | Ongoing charge | 0.98% a year (£98 per £10,000) | | Fund size | £6.7m | | 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 | +23.00% | +18.64% | income reinvested | | 3 years | +56.03% | +40.97% | income reinvested | | 5 years | +2.16% | -20.26% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of WisdomTree Copper 2x Daily Leveraged in pounds (price only; the fund pays no income): 2022 −23.8%, 2023 −8.4%, 2024 +2.1%, 2025 +38.1%; 2026 to 13/11/2026 +1.3%. Returns of WisdomTree Copper 2x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +42.6%; to 30/09/2025: −5.5%; to 30/09/2024: +28.3%; to 30/09/2023: −0.6%; to 30/09/2022: −24.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -23.8% | -30.3% | Price | | 2023 | -8.4% | -12.0% | Price | | 2024 | +2.1% | -1.4% | Price | | 2025 | +38.1% | +33.4% | Price | | 2026 to 13/11/2026 | +1.3% | -2.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 36.89% | -20.78% | | 3 years | 51.17% | -44.97% | | 5 years | 47.76% | -53.10% | ## Largest fall Volatility of WisdomTree Copper 2x Daily Leveraged in pounds, annualised from weekly returns to 13/11/2026: 36.9% over 1 year, 51.2% over 3 years, 47.8% over 5 years. Largest fall in the price of WisdomTree Copper 2x Daily Leveraged since November 2021, in pounds: −53.1% from 04/03/2022 to 15/07/2022. The lowest 12-month return of WisdomTree Copper 2x Daily Leveraged in pounds (price only; the fund pays no income) since January 2021 was −41.9% (12 months to 14/10/2022); the highest was +89.1% (12 months to 06/08/2026). On 13/11/2026 the price of WisdomTree Copper 2x Daily Leveraged was 19.6% below its highest weekly close since November 2021 (22/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of WisdomTree Copper 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 LCOP?** The ongoing charge of LCOP 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 Copper 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 LCOP track?** LCOP tracks the Bloomberg Copper Subindex (TR). **What is the ISIN of LCOP?** The ISIN of LCOP is JE00B2NFTF36. An ISIN identifies one exact share class of a fund; LCOP is its ticker on the London Stock Exchange. The same share class is also listed as 4RT3 (Xetra, euros). **What were LCOP’s returns in each of the last five years?** Calendar-year returns of LCOP in pounds (price only; the fund pays no income): 2022 −23.8%, 2023 −8.4%, 2024 +2.1%, 2025 +38.1%; 2026 to 13/11/2026 +1.3%. Past performance is not a guide to future returns. **How has LCOP done after inflation?** Over the five years to 13/11/2026 LCOP’s total return was +2.2%, or −20.3% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.