Fundology

ETN / ETP · Leverage Shares

SSPY Leverage Shares -5x Short S&P 500 ETP

ISIN XS3408767419London Stock Exchange: SSPYLeverage Shares LLC

Latest close

LSE

£16.62

on

Ongoing charge
4.78% a year
Fund size
£1.4m

As of , at least 15 min delayed

At a glance

As of 26/10/2026, SSPY (Leverage Shares -5x Short S&P 500 ETP, ISIN XS3408767419) closed at £16.62 on the London Stock Exchange. Its ongoing charge is 4.78% a year (about £478 on £10,000). Over the three years to 26/10/2026 its total return was −96.6%, or −97.0% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 26/10/2026
−60.6%
−62.0% after inflation
3 years to 26/10/2026
−96.6%
−97.0% after inflation

Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.

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

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
4.78%
a year
On £10,000
£478
a year, roughly
Over five years
£2,172
of £10,000, before growth
Among 209 leveraged and inverse products, share classes counted once
  • 187 charge less
  • 17 the same
  • 4 charge more

Ongoing charge of Leverage Shares -5x Short S&P 500 ETP 4.78% a year. Compared on 26/10/2026, 4 of the 208 other leveraged and inverse products charge more, 17 the same and 187 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

As of

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

Leverage Shares -5x Short S&P 500 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: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.

Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN

Key facts

Ticker
SSPY
ISIN
XS3408767419
Also listed as
SPYS (London Stock Exchange, US dollars), SSPE (London Stock Exchange, euros)
Tracks
State Street SPDR S&P 500 ETF
Structure
ETN / ETP
An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
4.78% a year · about £478 on £10,000
Fund size
£1.4m
Launched
Domicile
Ireland
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£16.61−1.4% since 23/10/2026 · closing price
SSPY closing price: £16.84 on 23/10/2026, £16.61 on 26/10/2026 (−1.4%); low £16.61, high £16.84.

Since 23/10/2026, the closing price went from £16.84 on 23/10/2026 to £16.62 on 26/10/2026 (−1.3%). The lowest close shown was £16.62 on 26/10/2026 and the highest £16.84 on 23/10/2026.

Closing prices we have recorded since 23/10/2026.

As of , at least 15 min delayed

Five years of prices, and after inflation

2 weekly closes, from 23/10/2026 to 26/10/2026. The same history in October 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

Questions people ask

What is the ongoing charge of SSPY?

The ongoing charge of SSPY 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 -5x Short S&P 500 ETP 4.78% a year. Compared on 26/10/2026, 4 of the 208 other leveraged and inverse products charge more, 17 the same and 187 less (share classes counted once).

What does SSPY track?

SSPY tracks the State Street SPDR S&P 500 ETF.

Is SSPY accumulating or distributing?

SSPY 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 SSPY?

The ISIN of SSPY is XS3408767419. An ISIN identifies one exact share class of a fund; SSPY is its ticker on the London Stock Exchange. The same share class is also listed as SPYS (London Stock Exchange, US dollars) and SSPE (London Stock Exchange, euros).

How has SSPY done after inflation?

Over the three years to 26/10/2026 SSPY’s total return was −96.6%, or −97.0% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More leveraged and inverse products, largest first. Size is a fact, not a verdict.

Fund documents and methods

Methodology:ReturnsCategoriesAll methods

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