What is the ISIN of GraniteShares 3x Long BP Daily ETP?

The ISIN of GraniteShares 3x Long BP Daily ETP is XS2708145227.

What does leveraged daily exposure mean for GraniteShares 3x Long BP Daily ETP?

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.

What is volatility decay and how does it affect GraniteShares 3x Long BP Daily ETP?

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.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

GraniteShares 3x Long BP Daily ETP (3LBP.L) Price

GraniteShares 3x Long BP Daily ETP Price

— EUR

TER3.24 %

AUM2.45 M GBP

IndexSolactive Daily Leveraged 3x long BP Index

CurrencyGBP

Funds Launch11/4/2019

GraniteShares 3x Long BP Daily ETP Price

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

BP3X Long Daily

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.