# GraniteShares 3x Long PayPal Daily ETP (LPP3)

**Source:** https://fundology.uk/fund/lpp3 · ISIN XS2596087671 · 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 01/10/2026, LPP3 (GraniteShares 3x Long PayPal Daily ETP, ISIN XS2596087671) closed at £0.675 on the London Stock Exchange. Its ongoing charge is 3.20% a year (about £320 on £10,000). Over the three years to 01/10/2026 its total return was −93.9%, or −94.5% after UK CPIH inflation.

## Summary

GraniteShares 3x Long PayPal Daily ETP is an exchange-traded product from GraniteShares, launched in 2022. 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 3.2% a year — about £320 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: **£0.675** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LPP3 |
| ISIN | XS2596087671 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | GraniteShares |
| Tracks | Solactive Daily Leveraged 3x long PayPal Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 3.20% a year (£320 per £10,000) |
| Fund size | £1.8m |
| Launched | 2022 |
| Domicile | United Kingdom |

## Past returns (periods to 01/10/2026)

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 | -77.89% | -78.58% | income reinvested |
| 3 years | -93.85% | -94.45% | income reinvested |

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

## Charges compared with similar funds

Ongoing charge of GraniteShares 3x Long PayPal Daily ETP 3.20% a year, as of 02/10/2026: 61 of the 258 other leveraged and inverse products charge more, 0 the same and 197 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **3.20%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What is the ongoing charge of LPP3?**

The ongoing charge of LPP3 is 3.20% a year — about £320 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 GraniteShares 3x Long PayPal Daily ETP 3.20% a year, as of 02/10/2026: 61 of the 258 other leveraged and inverse products charge more, 0 the same and 197 less (share classes counted once).

**What does LPP3 track?**

LPP3 tracks the Solactive Daily Leveraged 3x long PayPal Index.

**Is LPP3 accumulating or distributing?**

LPP3 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of LPP3?**

The ISIN of LPP3 is XS2596087671. An ISIN identifies one exact share class of a fund; LPP3 is its ticker on the London Stock Exchange.

**How has LPP3 done after inflation?**

Over the three years to 01/10/2026 LPP3’s total return was −93.9%, or −94.5% 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.