# Leverage Shares -5x Short Nasdaq 100 ETP (SQQQ)

**Source:** https://fundology.uk/fund/sqqq · ISIN XS3373449761 · 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, SQQQ (Leverage Shares -5x Short Nasdaq 100 ETP, ISIN XS3373449761) closed at £17.20 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 total return was −99.0%, or −99.1% after UK CPIH inflation.

## Summary

Leverage Shares -5x Short Nasdaq 100 ETP is an exchange-traded product from Leverage Shares, 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 4.78% 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: **£17.20** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SQQQ |
| ISIN | XS3373449761 |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | DUPE - BI8545888 - NASDAQ 100 Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 4.78% a year (£478 per £10,000) |
| Fund size | £4.0m |
| Launched | 2021 |
| 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 | -80.16% | -80.78% | income reinvested |
| 3 years | -98.98% | -99.08% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Leverage Shares -5x Short Nasdaq 100 ETP in pounds (price, with income reinvested in the fund): 2022 +98.8%, 2023 −77.3%, 2024 −65.2%, 2025 −82.8%; 2026 to 30/09/2026 −73.8%. Returns of Leverage Shares -5x Short Nasdaq 100 ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −81.9%; to 30/09/2025: −82.5%; to 30/09/2024: −68.5%; to 30/09/2023: −68.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +98.8% | +81.9% | Price |
| 2023 | -77.3% | -78.2% | Price |
| 2024 | -65.2% | -66.4% | Price |
| 2025 | -82.8% | -83.4% | Price |
| 2026 to 30/09/2026 | -73.8% | -74.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 87.17% | -82.34% |
| 3 years | 82.63% | -99.11% |

## Largest fall

Volatility of Leverage Shares -5x Short Nasdaq 100 ETP in pounds, annualised from weekly returns to 30/09/2026: 87.2% over 1 year, 82.6% over 3 years. Largest fall in the price of Leverage Shares -5x Short Nasdaq 100 ETP since December 2021, in pounds: −99.7% from 14/10/2022 to 30/09/2026. The lowest 12-month return of Leverage Shares -5x Short Nasdaq 100 ETP in pounds (price, with income reinvested in the fund) since December 2021 was −90.6% (12 months to 17/04/2026); the highest was +98.8% (12 months to 30/12/2022). On 30/09/2026 the price of Leverage Shares -5x Short Nasdaq 100 ETP was 99.7% below its highest weekly close since December 2021 (14/10/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares -5x Short Nasdaq 100 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

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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.