# IncomeShares META Options ETP (METI)

**Page:** https://fundology.uk/fund/meti · ISIN XS2901885553

## 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, METI (IncomeShares META Options ETP, ISIN XS2901885553) closed at £3.60 on the London Stock Exchange. Its ongoing charge is 0.56% a year (about £56 on £10,000). Over the year to 13/11/2026 its price changed by −44.0% (income paid out is not included), or −46.0% after UK CPIH inflation.

## Summary

IncomeShares META Options ETP is an exchange-traded product from IncomeShares, launched in 2024. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.56% a year — about £56 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£3.60** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | METI |
| ISIN | XS2901885553 |
| Also listed as | METY (London Stock Exchange, US dollars) |
| Category | Other |
| Type | ETN / ETP |
| Provider | IncomeShares |
| Income | Distributing |
| Ongoing charge | 0.56% a year (£56 per £10,000) |
| Fund size | £2.5m |
| Launched | 2024 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/05/2024 |

## 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 | -44.03% | -46.02% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of IncomeShares META Options ETP in pounds (price only, income paid out not included): 2025 −23.4%; 2026 to 13/11/2026 −42.2%. Returns of IncomeShares META Options ETP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −40.9%; to 30/09/2025: −0.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -23.4% | -26.0% | Price |
| 2026 to 13/11/2026 | -42.2% | -44.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 37.57% | -47.65% |

## Largest fall

Volatility of IncomeShares META Options ETP in pounds, annualised from weekly returns to 13/11/2026: 37.6% over 1 year. Largest fall in the price of IncomeShares META Options ETP since September 2024, in pounds: −63.9% from 14/02/2025 to 06/11/2026. The lowest 12-month return of IncomeShares META Options ETP in pounds (price only, income paid out not included) since September 2024 was −55.2% (12 months to 21/08/2026); the highest was +5.3% (12 months to 26/09/2025). On 13/11/2026 the price of IncomeShares META Options ETP was 63.1% below its highest weekly close since September 2024 (14/02/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of IncomeShares META Options ETP 0.56% a year. Compared on 14/11/2026, 42 of the 68 other other funds charge more, 0 the same and 26 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.56%** 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 METI?**

The ongoing charge of METI is 0.56% a year — about £56 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 IncomeShares META Options ETP 0.56% a year. Compared on 14/11/2026, 42 of the 68 other other funds charge more, 0 the same and 26 less (share classes counted once).

**Is METI accumulating or distributing?**

METI is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of METI?**

The ISIN of METI is XS2901885553. An ISIN identifies one exact share class of a fund; METI is its ticker on the London Stock Exchange. The same share class is also listed as METY (London Stock Exchange, US dollars).

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

Calendar-year returns of METI in pounds (price only, income paid out not included): 2025 −23.4%; 2026 to 13/11/2026 −42.2%. Past performance is not a guide to future returns.

**How has METI done after inflation?**

Over the year to 13/11/2026 METI’s price changed by −44.0% (income paid out is not included), or −46.0% 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.