ETN / ETP · Leverage Shares
SX4S Leverage Shares -4x Short Semiconductors ETP
ISIN XS3231939599London Stock Exchange: SX4SLeverage Shares LLC
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£0.244
on
- Fund size
- £2.0m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 05/10/2026, SX4S (Leverage Shares -4x Short Semiconductors ETP, ISIN XS3231939599) closed at £0.244 on the London Stock Exchange. Over the year to 05/10/2026 its total return was −99.5%, or −99.5% after UK CPIH inflation.
Past returns
- 1 year to 05/10/2026
- −99.5%
- −99.5% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Leverage Shares -4x Short Semiconductors ETP in pounds (price, with income reinvested in the fund): 2025 −96.7%; 2026 to 05/10/2026 −98.9%. Returns of Leverage Shares -4x Short Semiconductors ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −99.5%; to 30/09/2025: −91.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −98.9% | −99.0% | |
| −96.7% | −96.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −99.5% | Not available |
| from | −91.3% | −91.6% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
137.4%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since March 2024
- −100.0%
- From to
- Lowest 12-month return
- −99.7%
- 12 months to
- Highest 12-month return
- −9.9%
- 12 months to
- Below its highest weekly close since March 2024
- 100.0%
- High of , latest
In words: Volatility of Leverage Shares -4x Short Semiconductors ETP in pounds, annualised from weekly returns to 05/10/2026: 137.4% over 1 year. Largest fall in the price of Leverage Shares -4x Short Semiconductors ETP since March 2024, in pounds: −100.0% from 19/04/2024 to 02/10/2026. The lowest 12-month return of Leverage Shares -4x Short Semiconductors ETP in pounds (price, with income reinvested in the fund) since March 2024 was −99.7% (12 months to 19/06/2026); the highest was −9.9% (12 months to 04/04/2025). On 05/10/2026 the price of Leverage Shares -4x Short Semiconductors ETP was 100.0% below its highest weekly close since March 2024 (19/04/2024), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
In plain English
Leverage Shares -4x Short Semiconductors ETP is an exchange-traded product from Leverage Shares, launched in 2024.
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.
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
- SX4S
- ISIN
- XS3231939599
- Provider
- Leverage Shares
- Tracks
- NYSE Semiconductor Index
- 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.
- Fund size
- £2.0m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Since 31/07/2026, the closing price went from £0.576 on 31/07/2026 to £0.244 on 05/10/2026 (−57.6%). The lowest close shown was £0.237 on 02/10/2026 and the highest £0.576 on 31/07/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
11 weekly closes, from 31/07/2026 to 05/10/2026. The same history in October 2026 pounds, adjusted with ONS 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
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 81 rolling 12-month returns since March 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since March 2024, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What does SX4S track?
SX4S tracks the NYSE Semiconductor Index.
Is SX4S accumulating or distributing?
SX4S 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 SX4S?
The ISIN of SX4S is XS3231939599. An ISIN identifies one exact share class of a fund; SX4S is its ticker on the London Stock Exchange.
What were SX4S’s returns in each of the last five years?
Calendar-year returns of SX4S in pounds (price, with income reinvested in the fund): 2025 −96.7%; 2026 to 05/10/2026 −98.9%. Past performance is not a guide to future returns.
How has SX4S done after inflation?
Over the year to 05/10/2026 SX4S’s total return was −99.5%, or −99.5% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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