# GraniteShares 3x Long Palantir Daily ETP (PAL3) **Page:** https://fundology.uk/fund/pal3 · ISIN XS2856105833 ## 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, PAL3 (GraniteShares 3x Long Palantir Daily ETP, ISIN XS2856105833) closed at £202.00 on the London Stock Exchange. Its ongoing charge is 4.95% a year (about £495 on £10,000). Over the three years to 13/11/2026 its total return was −7.9%, or −16.8% after UK CPIH inflation. ## Summary GraniteShares 3x Long Palantir Daily ETP is an exchange-traded product from GraniteShares, launched in 2021. 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 4.95% a year — about £495 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: **£202.00** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PAL3 | | ISIN | XS2856105833 | | Also listed as | 3LPA (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x long Palantir Index - Benchmark TR Gross | | Income | Accumulating | | Ongoing charge | 4.95% a year (£495 per £10,000) | | Fund size | £4.5m | | Launched | 2021 | | Domicile | United Kingdom | ## 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 | -76.50% | -77.33% | income reinvested | | 3 years | -7.90% | -16.79% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of GraniteShares 3x Long Palantir Daily ETP in pounds (price, with income reinvested in the fund): 2025 +150.6%; 2026 to 13/11/2026 −70.3%. Returns of GraniteShares 3x Long Palantir Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −64.1%; to 30/09/2025: +2302.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | +150.6% | +142.0% | Price | | 2026 to 13/11/2026 | -70.3% | -71.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 167.88% | -88.79% | ## Largest fall Volatility of GraniteShares 3x Long Palantir Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 167.9% over 1 year. Largest fall in the price of GraniteShares 3x Long Palantir Daily ETP since September 2024, in pounds: −91.5% from 31/10/2025 to 26/06/2026. The lowest 12-month return of GraniteShares 3x Long Palantir Daily ETP in pounds (price, with income reinvested in the fund) since September 2024 was −83.5% (12 months to 04/08/2026); the highest was +2450.4% (12 months to 19/09/2025). On 13/11/2026 the price of GraniteShares 3x Long Palantir Daily ETP was 82.2% below its highest weekly close since September 2024 (31/10/2025), in pounds. ## Charges compared with similar funds Ongoing charge of GraniteShares 3x Long Palantir Daily ETP 4.95% a year. Compared on 14/11/2026, 2 of the 210 other leveraged and inverse products charge more, 0 the same and 208 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **4.95%** per year - 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 PAL3?** The ongoing charge of PAL3 is 4.95% a year — about £495 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 Palantir Daily ETP 4.95% a year. Compared on 14/11/2026, 2 of the 210 other leveraged and inverse products charge more, 0 the same and 208 less (share classes counted once). **What does PAL3 track?** PAL3 tracks the Solactive Daily Leveraged 3x long Palantir Index. **Is PAL3 accumulating or distributing?** PAL3 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 PAL3?** The ISIN of PAL3 is XS2856105833. An ISIN identifies one exact share class of a fund; PAL3 is its ticker on the London Stock Exchange. The same share class is also listed as 3LPA (London Stock Exchange, US dollars). **What were PAL3’s returns in each of the last five years?** Calendar-year returns of PAL3 in pounds (price, with income reinvested in the fund): 2025 +150.6%; 2026 to 13/11/2026 −70.3%. Past performance is not a guide to future returns. **How has PAL3 done after inflation?** Over the three years to 13/11/2026 PAL3’s total return was −7.9%, or −16.8% 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.