# WisdomTree Short USD Long GBP 3x Daily (PUS3)

**Page:** https://fundology.uk/fund/pus3 · ISIN JE00B43NB445

## 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, PUS3 (WisdomTree Short USD Long GBP 3x Daily, ISIN JE00B43NB445) closed at £9.18 on the London Stock Exchange. Its ongoing charge is 0.98% a year (about £98 on £10,000). Over the five years to 13/11/2026 its total return was −19.3%, or −37.0% after UK CPIH inflation.

## Summary

WisdomTree Short USD Long GBP 3x Daily is an exchange-traded product from WisdomTree, launched in 2010. 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 0.98% a year — about £98 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: **£9.18** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PUS3 |
| ISIN | JE00B43NB445 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | WisdomTree |
| Tracks | MSFX Triple Short US Dollar/GBP Index - GBP |
| Ongoing charge | 0.98% a year (£98 per £10,000) |
| Fund size | £1.6m |
| Launched | 2010 |
| Domicile | Jersey |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/11/2010 |

## 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 | +1.98% | -1.63% | income reinvested |
| 3 years | +17.61% | +6.26% | income reinvested |
| 5 years | -19.30% | -37.01% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Short USD Long GBP 3x Daily in pounds (price only): 2022 −36.7%, 2023 +14.4%, 2024 −7.5%, 2025 +26.2%; 2026 to 13/11/2026 −6.3%. Returns of WisdomTree Short USD Long GBP 3x Daily in pounds (price only) over the 12 months to 30/09/2026: −4.9%; to 30/09/2025: 0.0%; to 30/09/2024: +32.1%; to 30/09/2023: +23.1%; to 30/09/2022: −49.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -36.7% | -42.0% | Price |
| 2023 | +14.4% | +9.8% | Price |
| 2024 | -7.5% | -10.7% | Price |
| 2025 | +26.2% | +21.9% | Price |
| 2026 to 13/11/2026 | -6.3% | -9.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.60% | -10.82% |
| 3 years | 19.41% | -24.97% |
| 5 years | 23.01% | -52.28% |

## Largest fall

Volatility of WisdomTree Short USD Long GBP 3x Daily in pounds, annualised from weekly returns to 13/11/2026: 16.6% over 1 year, 19.4% over 3 years, 23.0% over 5 years. Largest fall in the price of WisdomTree Short USD Long GBP 3x Daily since November 2021, in pounds: −52.3% from 14/01/2022 to 23/09/2022. The lowest 12-month return of WisdomTree Short USD Long GBP 3x Daily in pounds (price only) since January 2021 was −53.0% (12 months to 23/09/2022); the highest was +32.3% (12 months to 30/01/2026). On 13/11/2026 the price of WisdomTree Short USD Long GBP 3x Daily was 23.9% below its highest weekly close since November 2021 (14/01/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Short USD Long GBP 3x Daily 0.98% a year. Compared on 14/11/2026, 142 of the 210 other leveraged and inverse products charge more, 17 the same and 51 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.98%** 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 PUS3?**

The ongoing charge of PUS3 is 0.98% a year — about £98 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 Short USD Long GBP 3x Daily 0.98% a year. Compared on 14/11/2026, 142 of the 210 other leveraged and inverse products charge more, 17 the same and 51 less (share classes counted once).

**What does PUS3 track?**

PUS3 tracks the MSFX Triple Short US Dollar/GBP Index - GBP.

**What is the ISIN of PUS3?**

The ISIN of PUS3 is JE00B43NB445. An ISIN identifies one exact share class of a fund; PUS3 is its ticker on the London Stock Exchange.

**What were PUS3’s returns in each of the last five years?**

Calendar-year returns of PUS3 in pounds (price only): 2022 −36.7%, 2023 +14.4%, 2024 −7.5%, 2025 +26.2%; 2026 to 13/11/2026 −6.3%. Past performance is not a guide to future returns.

**How has PUS3 done after inflation?**

Over the five years to 13/11/2026 PUS3’s total return was −19.3%, or −37.0% 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.