ETN / ETP · GraniteShares
LSQ3 GraniteShares 3x Long Square Daily ETP
ISIN XS2596085972London Stock Exchange: LSQ3GraniteShares Financial Plc
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£0.489
on
- Ongoing charge
- 4.15% a year
- Fund size
- £1.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, LSQ3 (GraniteShares 3x Long Square Daily ETP, ISIN XS2596085972) closed at £0.489 on the London Stock Exchange. Its ongoing charge is 4.15% a year (about £415 on £10,000). Over the three years to 13/11/2026 its total return was −88.6%, or −89.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −3.2%
- −6.6% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −88.6%
- −89.7% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of GraniteShares 3x Long Square Daily ETP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +8.1%. Returns of GraniteShares 3x Long Square Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −60.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.1% | +4.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −60.3% | −61.7% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
139.2%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2025
- −85.3%
- From to
- Below its highest weekly close since May 2025
- 58.1%
- High of , latest
In words: Volatility of GraniteShares 3x Long Square Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 139.2% over 1 year. Largest fall in the price of GraniteShares 3x Long Square Daily ETP since May 2025, in pounds: −85.3% from 25/07/2025 to 13/02/2026. On 13/11/2026 the price of GraniteShares 3x Long Square Daily ETP was 58.1% below its highest weekly close since May 2025 (25/07/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 4.15%
- a year
- On £10,000
- £415
- a year, roughly
- Over five years
- £1,910
- of £10,000, before growth
- 181 charge less
- 0 the same
- 29 charge more
Ongoing charge of GraniteShares 3x Long Square Daily ETP 4.15% a year. Compared on 14/11/2026, 29 of the 210 other leveraged and inverse products charge more, 0 the same and 181 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
GraniteShares 3x Long Square 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 4.15% a year — about £415 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: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.
Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN
Key facts
- Ticker
- LSQ3
- ISIN
- XS2596085972
- Also listed as
- 3LSQ (London Stock Exchange, US dollars)
- Provider
- GraniteShares
- Tracks
- Solactive Daily Leveraged 3x long Square Index
- Structure
- ETN / ETP
- An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 4.15% a year · about £415 on £10,000
- Fund size
- £1.7m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Over the last year, the closing price went from £0.442 on 14/11/2025 to £0.489 on 13/11/2026 (+10.6%). The lowest close shown was £0.172 on 13/02/2026 and the highest £0.595 on 27/08/2026.
One close a week. Before 27/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
77 weekly closes, from 02/05/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 2 largest falls since May 2025, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of LSQ3?
The ongoing charge of LSQ3 is 4.15% a year — about £415 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 Square Daily ETP 4.15% a year. Compared on 14/11/2026, 29 of the 210 other leveraged and inverse products charge more, 0 the same and 181 less (share classes counted once).
What does LSQ3 track?
LSQ3 tracks the Solactive Daily Leveraged 3x long Square Index.
Is LSQ3 accumulating or distributing?
LSQ3 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 LSQ3?
The ISIN of LSQ3 is XS2596085972. An ISIN identifies one exact share class of a fund; LSQ3 is its ticker on the London Stock Exchange. The same share class is also listed as 3LSQ (London Stock Exchange, US dollars).
What were LSQ3’s returns in each of the last five years?
Calendar-year returns of LSQ3 in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +8.1%. Past performance is not a guide to future returns.
How has LSQ3 done after inflation?
Over the three years to 13/11/2026 LSQ3’s total return was −88.6%, or −89.7% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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