# Leverage Shares -1x Tesla ETP (STSL)

**Page:** https://fundology.uk/fund/stsl · ISIN XS2944886931

## 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, STSL (Leverage Shares -1x Tesla ETP, ISIN XS2944886931) closed at £15.86 on the London Stock Exchange. Its ongoing charge is 2.78% a year (about £278 on £10,000). Over the year to 13/11/2026 its total return was −7.6%, or −10.9% after UK CPIH inflation.

## Summary

Leverage Shares -1x Tesla ETP is an exchange-traded product from Leverage Shares, launched in 2020. 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 2.78% a year — about £278 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: **£15.86** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | STSL |
| ISIN | XS2944886931 |
| Also listed as | STSE (London Stock Exchange, euros), TSLS (London Stock Exchange, US dollars), 1STS (Xetra, euros) |
| Category | Leveraged & inverse |
| Type | ETN / ETP |
| Provider | Leverage Shares |
| Tracks | iSTOXX Inverse Leveraged 1X TSLA (USD)(NR) |
| Ongoing charge | 2.78% a year (£278 per £10,000) |
| Fund size | £872k |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2025 |

## 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 | -7.63% | -10.90% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Leverage Shares -1x Tesla ETP in pounds (price only): 2025 −43.6%; 2026 to 13/11/2026 −1.8%. Returns of Leverage Shares -1x Tesla ETP in pounds (price only) over the 12 months to 30/09/2026: +4.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -43.6% | -45.5% | Price |
| 2026 to 13/11/2026 | -1.8% | -5.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 46.74% | -25.88% |

## Largest fall

Volatility of Leverage Shares -1x Tesla ETP in pounds, annualised from weekly returns to 13/11/2026: 46.7% over 1 year. Largest fall in the price of Leverage Shares -1x Tesla ETP since January 2025, in pounds: −63.8% from 07/03/2025 to 26/12/2025. On 13/11/2026 the price of Leverage Shares -1x Tesla ETP was 61.0% below its highest weekly close since January 2025 (07/03/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares -1x Tesla ETP 2.78% a year. Compared on 14/11/2026, 69 of the 210 other leveraged and inverse products charge more, 3 the same and 138 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.78%** 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 STSL?**

The ongoing charge of STSL is 2.78% a year — about £278 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 -1x Tesla ETP 2.78% a year. Compared on 14/11/2026, 69 of the 210 other leveraged and inverse products charge more, 3 the same and 138 less (share classes counted once).

**What does STSL track?**

STSL tracks the iSTOXX Inverse Leveraged 1X TSLA (USD)(NR).

**What is the ISIN of STSL?**

The ISIN of STSL is XS2944886931. An ISIN identifies one exact share class of a fund; STSL is its ticker on the London Stock Exchange. The same share class is also listed as STSE (London Stock Exchange, euros), TSLS (London Stock Exchange, US dollars) and 1STS (Xetra, euros).

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

Calendar-year returns of STSL in pounds (price only): 2025 −43.6%; 2026 to 13/11/2026 −1.8%. Past performance is not a guide to future returns.

**How has STSL done after inflation?**

Over the year to 13/11/2026 STSL’s total return was −7.6%, or −10.9% 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.