GraniteShares 3x Long BP Daily ETP (3LBP.L) Price
GraniteShares 3x Long BP Daily ETP Price
Underlying
GraniteShares 3x Long BP Daily ETP provides 3X daily exposure to BP.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
GraniteShares 3x Long BP Daily ETP List of Holdings
Frequently asked questions about GraniteShares 3x Long BP Daily ETP
GraniteShares 3x Long BP Daily ETP is offered by GraniteShares, a leading player in the field of passive investments.
The ISIN of GraniteShares 3x Long BP Daily ETP is XS2708145227.
GraniteShares 3x Long BP Daily ETP aims to deliver 3 times the daily return of BP (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because GraniteShares 3x Long BP Daily ETP rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like GraniteShares 3x Long BP Daily ETP are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
GraniteShares 3x Long BP Daily ETP provides 3X daily long exposure to BP. When BP moves +1% in a day, GraniteShares 3x Long BP Daily ETP targets approximately 3% (before fees).
The total expense ratio of GraniteShares 3x Long BP Daily ETP is 3.24%, which means that investors pay 324.00 GBP per 10,000 GBP in investment capital annually.
The ETF is listed in GBP.
European investors may incur additional costs for currency exchange and transaction fees.
No, GraniteShares 3x Long BP Daily ETP does not comply with the EU UCITS investor protection directives.
GraniteShares 3x Long BP Daily ETP tracks the performance of the Solactive Daily Leveraged 3x long BP Index.
GraniteShares 3x Long BP Daily ETP is domiciled in IE.
The fund was launched on 11/4/2019.
The GraniteShares 3x Long BP Daily ETP mainly invests in Energy companies.
The NAV of GraniteShares 3x Long BP Daily ETP amounts to 21.15 M GBP.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
GraniteShares 3x Long BP Daily ETP