# Leverage Shares -3x Short Coinbase ETP (S3CO)

**Source:** https://fundology.uk/fund/s3co · ISIN XS3107206156 · 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, S3CO (Leverage Shares -3x Short Coinbase ETP, ISIN XS3107206156) closed at £6.97 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the year to 01/10/2026 its total return was −77.6%, or −78.3% after UK CPIH inflation.

## Summary

Leverage Shares -3x Short Coinbase ETP is an exchange-traded product from Leverage Shares, launched in 2023. 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 4.78% a year — about £478 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: **£6.97** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | S3CO |
| ISIN | XS3107206156 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Leveraged 3X COIN (USD)(NR) |
| Income | Accumulating |
| Ongoing charge | 4.78% a year (£478 per £10,000) |
| Fund size | £1.3m |
| Launched | 2023 |
| Domicile | Ireland |

## 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 | -77.57% | -78.27% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Leverage Shares -3x Short Coinbase ETP in pounds (price, with income reinvested in the fund): 2026 to 01/10/2026 −86.1%. Returns of Leverage Shares -3x Short Coinbase ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −83.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 01/10/2026 | -86.1% | -86.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 230.84% | -95.45% |

## Largest fall

Volatility of Leverage Shares -3x Short Coinbase ETP in pounds, annualised from weekly returns to 01/10/2026: 230.8% over 1 year. Largest fall in the price of Leverage Shares -3x Short Coinbase ETP since July 2025, in pounds: −95.5% from 06/02/2026 to 25/09/2026. On 01/10/2026 the price of Leverage Shares -3x Short Coinbase ETP was 95.0% below its highest weekly close since July 2025 (06/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares -3x Short Coinbase ETP 4.78% a year, as of 02/10/2026: 4 of the 258 other leveraged and inverse products charge more, 15 the same and 239 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **4.78%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What is the ongoing charge of S3CO?**

The ongoing charge of S3CO is 4.78% a year — about £478 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 Leverage Shares -3x Short Coinbase ETP 4.78% a year, as of 02/10/2026: 4 of the 258 other leveraged and inverse products charge more, 15 the same and 239 less (share classes counted once).

**What does S3CO track?**

S3CO tracks the iSTOXX Leveraged 3X COIN (USD)(NR).

**Is S3CO accumulating or distributing?**

S3CO 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 S3CO?**

The ISIN of S3CO is XS3107206156. An ISIN identifies one exact share class of a fund; S3CO is its ticker on the London Stock Exchange.

**What were S3CO’s returns in each of the last five years?**

Calendar-year returns of S3CO in pounds (price, with income reinvested in the fund): 2026 to 01/10/2026 −86.1%. Past performance is not a guide to future returns.

**How has S3CO done after inflation?**

Over the year to 01/10/2026 S3CO’s total return was −77.6%, or −78.3% 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.