# WisdomTree Short JPY Long USD 3x Daily (SJP3)

**Page:** https://fundology.uk/fund/sjp3 · ISIN JE00B3WFMB84

## 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, SJP3 (WisdomTree Short JPY Long USD 3x Daily, ISIN JE00B3WFMB84) closed at $380.00 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 +305.4%, or +216.4% after UK CPIH inflation.

## Summary

WisdomTree Short JPY Long USD 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: **$380.00** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SJP3 |
| ISIN | JE00B3WFMB84 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | WisdomTree |
| Tracks | MSFX Triple Short Japanese Yen Index |
| Ongoing charge | 0.98% a year (£98 per £10,000) |
| Fund size | £369k |
| 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 | +17.89% | +13.71% | income reinvested |
| 3 years | +45.48% | +31.44% | income reinvested |
| 5 years | +305.38% | +216.42% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of WisdomTree Short JPY Long USD 3x Daily in pounds (price only): 2022 +66.1%, 2023 +33.0%, 2024 +58.0%, 2025 −0.2%; 2026 to 13/11/2026 +14.3%. Returns of WisdomTree Short JPY Long USD 3x Daily in pounds (price only) over the 12 months to 30/09/2026: +30.7%; to 30/09/2025: +20.8%; to 30/09/2024: −9.3%; to 30/09/2023: +9.1%; to 30/09/2022: +163.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +66.1% | +52.1% | Price |
| 2023 | +33.0% | +27.7% | Price |
| 2024 | +58.0% | +52.7% | Price |
| 2025 | -0.2% | -3.6% | Price |
| 2026 to 13/11/2026 | +14.3% | +10.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 28.02% | -14.82% |
| 3 years | 32.16% | -35.59% |
| 5 years | 33.66% | -42.24% |

## Largest fall

Volatility of WisdomTree Short JPY Long USD 3x Daily in pounds, annualised from weekly returns to 13/11/2026: 28.0% over 1 year, 32.2% over 3 years, 33.7% over 5 years. Largest fall in the price of WisdomTree Short JPY Long USD 3x Daily since November 2021, in pounds: −42.2% from 21/10/2022 to 13/01/2023. The lowest 12-month return of WisdomTree Short JPY Long USD 3x Daily in pounds (price only) since January 2021 was −27.2% (12 months to 27/06/2025); the highest was +169.8% (12 months to 21/10/2022). On 13/11/2026 the price of WisdomTree Short JPY Long USD 3x Daily was 5.1% below its highest weekly close since November 2021 (24/07/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of WisdomTree Short JPY Long USD 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 SJP3?**

The ongoing charge of SJP3 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 JPY Long USD 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 SJP3 track?**

SJP3 tracks the MSFX Triple Short Japanese Yen Index.

**What is the ISIN of SJP3?**

The ISIN of SJP3 is JE00B3WFMB84. An ISIN identifies one exact share class of a fund; SJP3 is its ticker on the London Stock Exchange.

**What were SJP3’s returns in each of the last five years?**

Calendar-year returns of SJP3 in pounds (price only): 2022 +66.1%, 2023 +33.0%, 2024 +58.0%, 2025 −0.2%; 2026 to 13/11/2026 +14.3%. Past performance is not a guide to future returns.

**How has SJP3 done after inflation?**

Over the five years to 13/11/2026 SJP3’s total return was +305.4%, or +216.4% 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.