# WisdomTree Petroleum 2x Daily Leveraged (LPET)

**Page:** https://fundology.uk/fund/lpet · ISIN JE00BDD9Q733

## 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, LPET (WisdomTree Petroleum 2x Daily Leveraged, ISIN JE00BDD9Q733) closed at $116.17 on the London Stock Exchange. Its ongoing charge is 1.03% a year (about £103 on £10,000). Over the five years to 13/11/2026 its total return was +284.1%, or +199.8% after UK CPIH inflation.

## Summary

WisdomTree Petroleum 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 1.03% a year — about £103 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: **$116.17** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LPET |
| ISIN | JE00BDD9Q733 |
| Category | Leveraged & inverse |
| Type | ETC |
| Provider | WisdomTree |
| Tracks | Bloomberg Petroleum Subindex |
| Ongoing charge | 1.03% a year (£103 per £10,000) |
| Fund size | £765k |
| 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 | +231.90% | +220.14% | income reinvested |
| 3 years | +145.30% | +121.62% | income reinvested |
| 5 years | +284.10% | +199.81% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Petroleum 2x Daily Leveraged in pounds (price only; the fund pays no income): 2022 +76.0%, 2023 −16.1%, 2024 +11.1%, 2025 −31.1%; 2026 to 13/11/2026 +288.8%. Returns of WisdomTree Petroleum 2x Daily Leveraged in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +282.4%; to 30/09/2025: −1.4%; to 30/09/2024: −42.2%; to 30/09/2023: +20.7%; to 30/09/2022: +88.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +76.0% | +61.1% | Price |
| 2023 | -16.1% | -19.5% | Price |
| 2024 | +11.1% | +7.3% | Price |
| 2025 | -31.1% | -33.5% | Price |
| 2026 to 13/11/2026 | +288.8% | +276.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 107.23% | -44.05% |
| 3 years | 77.59% | -50.94% |
| 5 years | 76.20% | -65.29% |

## Largest fall

Volatility of WisdomTree Petroleum 2x Daily Leveraged in pounds, annualised from weekly returns to 13/11/2026: 107.2% over 1 year, 77.6% over 3 years, 76.2% over 5 years. Largest fall in the price of WisdomTree Petroleum 2x Daily Leveraged since November 2021, in pounds: −65.3% from 10/06/2022 to 02/05/2025. The lowest 12-month return of WisdomTree Petroleum 2x Daily Leveraged in pounds (price only; the fund pays no income) since January 2021 was −56.0% (12 months to 09/06/2023); the highest was +351.3% (12 months to 16/10/2026). On 13/11/2026 the price of WisdomTree Petroleum 2x Daily Leveraged was 25.9% below its highest weekly close since November 2021 (30/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Petroleum 2x Daily Leveraged 1.03% a year. Compared on 14/11/2026, 107 of the 210 other leveraged and inverse products charge more, 14 the same and 89 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.03%** 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 LPET?**

The ongoing charge of LPET 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. Platform and dealing fees are charged separately. Ongoing charge of WisdomTree Petroleum 2x Daily Leveraged 1.03% a year. Compared on 14/11/2026, 107 of the 210 other leveraged and inverse products charge more, 14 the same and 89 less (share classes counted once).

**What does LPET track?**

LPET tracks the Bloomberg Petroleum Subindex.

**What is the ISIN of LPET?**

The ISIN of LPET is JE00BDD9Q733. An ISIN identifies one exact share class of a fund; LPET is its ticker on the London Stock Exchange.

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

Calendar-year returns of LPET in pounds (price only; the fund pays no income): 2022 +76.0%, 2023 −16.1%, 2024 +11.1%, 2025 −31.1%; 2026 to 13/11/2026 +288.8%. Past performance is not a guide to future returns.

**How has LPET done after inflation?**

Over the five years to 13/11/2026 LPET’s total return was +284.1%, or +199.8% 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.