# Leverage Shares -3x Short Nvidia ETP (SNV3)

**Source:** https://fundology.uk/fund/snv3 · ISIN XS2944874416 · 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 30/09/2026, SNV3 (Leverage Shares -3x Short Nvidia ETP, ISIN XS2944874416) closed at £0.658 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the three years to 30/09/2026 its price changed by −100.0%, or −100.0% after UK CPIH inflation.

## Summary

Leverage Shares -3x Short Nvidia ETP is an exchange-traded product from Leverage Shares, launched in 2022. 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: **£0.658** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SNV3 |
| ISIN | XS2944874416 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Inverse Leveraged -3X NVDA (USD)(NR) |
| Income | Accumulating |
| Ongoing charge | 4.78% a year (£478 per £10,000) |
| Fund size | £1.7m |
| Launched | 2022 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

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 | -77.86% | -78.56% | income reinvested |
| 3 years | -99.99% | -99.99% | price only |

Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares -3x Short Nvidia ETP in pounds (price, with income reinvested in the fund): 2024 −99.1%, 2025 −91.7%; 2026 to 30/09/2026 −71.1%. Returns of Leverage Shares -3x Short Nvidia ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −80.8%; to 30/09/2025: −92.5%; to 30/09/2024: −99.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -99.1% | -99.1% | Price |
| 2025 | -91.7% | -92.0% | Price |
| 2026 to 30/09/2026 | -71.1% | -71.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 102.66% | -78.68% |
| 3 years | 122.99% | -99.99% |

## Largest fall

Volatility of Leverage Shares -3x Short Nvidia ETP in pounds, annualised from weekly returns to 30/09/2026: 102.7% over 1 year, 123.0% over 3 years. Largest fall in the price of Leverage Shares -3x Short Nvidia ETP since May 2023, in pounds: −100.0% from 26/05/2023 to 04/09/2026. The lowest 12-month return of Leverage Shares -3x Short Nvidia ETP in pounds (price, with income reinvested in the fund) since May 2023 was −99.6% (12 months to 25/10/2024); the highest was −66.6% (12 months to 30/07/2026). On 30/09/2026 the price of Leverage Shares -3x Short Nvidia ETP was 100.0% below its highest weekly close since May 2023 (26/05/2023), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares -3x Short Nvidia ETP 4.78% a year, as of 01/10/2026: 4 of the 280 other leveraged and inverse products charge more, 16 the same and 260 less (share classes counted once).

## Charges & eligibility

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

---

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.