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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in WisdomTree Natural Gas 3x Daily Short, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
WisdomTree Natural Gas 3x Daily Short (3NGS.L) has returned -36.79% so far this year and 6.40% over the past 12 months. Over the last ten years, 3NGS.L has returned -58.78% per year, falling short of the S&P 500 Index benchmark, which averaged 12.29% annually.
WisdomTree Natural Gas 3x Daily Short
- 1D
- 3.27%
- 1M
- 28.80%
- YTD
- -36.79%
- 6M
- -30.88%
- 1Y
- 6.40%
- 3Y*
- -32.65%
- 5Y*
- -71.56%
- 10Y*
- -58.78%
Benchmark (S&P 500 Index)
- 1D
- 0.11%
- 1M
- -3.43%
- YTD
- -3.84%
- 6M
- -1.98%
- 1Y
- 16.08%
- 3Y*
- 16.86%
- 5Y*
- 10.37%
- 10Y*
- 12.29%
Monthly Returns
Based on dividend-adjusted daily data since Jan 15, 2013, 3NGS.L's average daily return is +0.13%, while the average monthly return is +2.55%. At this rate, your investment would double in approximately 2.3 years.
Historically, 46% of months were positive and 54% were negative. The best month was Jan 2023 with a return of +150.5%, while the worst month was Nov 2018 at -81.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, 3NGS.L closed higher 50% of trading days. The best single day was Jun 14, 2022 with a return of +47.3%, while the worst single day was Aug 3, 2020 at -45.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -65.93% | 91.42% | -13.16% | 11.63% | -36.79% | ||||||||
| 2025 | -10.95% | -56.25% | -24.95% | 42.49% | -0.27% | -11.82% | 37.22% | 20.49% | -2.60% | -15.73% | -27.67% | 39.32% | -49.89% |
| 2024 | 8.19% | 16.42% | 43.60% | -15.16% | -29.92% | -16.61% | 75.39% | 1.08% | -31.87% | 64.71% | -34.84% | -42.37% | -33.02% |
| 2023 | 150.49% | -2.80% | 25.23% | -1.48% | 19.85% | -41.93% | 3.73% | -18.10% | 32.45% | -25.36% | 136.72% | 20.35% | 400.26% |
| 2022 | -65.38% | -12.59% | -61.86% | -56.62% | -55.33% | 86.24% | -78.82% | -37.21% | 59.26% | 25.58% | -50.00% | 145.41% | -98.64% |
| 2021 | -23.48% | -24.87% | 11.53% | -22.96% | -7.91% | -42.97% | -25.86% | -34.15% | -63.98% | -14.60% | 34.39% | 54.03% | -91.94% |
Benchmark Metrics
WisdomTree Natural Gas 3x Daily Short has an annualized alpha of 37.10%, beta of -0.28, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 18, 2013.
- This ETF participated in 45.05% of S&P 500 Index downside but only -138.16% of its upside — more exposed to losses than it benefited from rallies.
- Beta of -0.28 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 37.10%
- Beta
- -0.28
- R²
- 0.00
- Upside Capture
- -138.16%
- Downside Capture
- 45.05%
Expense Ratio
3NGS.L has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
3NGS.L ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for WisdomTree Natural Gas 3x Daily Short (3NGS.L) and compare them to a chosen benchmark (S&P 500 Index).
| 3NGS.L | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.04 | 0.88 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.37 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.39 | -1.24 |
Martin ratioReturn relative to average drawdown | 0.29 | 6.43 | -6.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore 3NGS.L risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Natural Gas 3x Daily Short. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Natural Gas 3x Daily Short was 100.00%, occurring on Nov 23, 2022. The portfolio has not yet recovered.
The current WisdomTree Natural Gas 3x Daily Short drawdown is 99.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -100% | Mar 7, 2016 | 1698 | Nov 23, 2022 | — | — | — |
| -87.82% | Feb 21, 2013 | 408 | Nov 19, 2014 | 269 | Dec 11, 2015 | 677 |
| -61.88% | Dec 17, 2015 | 14 | Jan 8, 2016 | 36 | Feb 29, 2016 | 50 |
| -16.11% | Jan 18, 2013 | 2 | Jan 24, 2013 | 1 | Jan 30, 2013 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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