3BAB.L vs. 3GOL.L

Last updated Jun 4, 2026

3BAB.L (Leverage Shares 3x Alibaba ETC) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - 3BAB.L is a Leveraged Equities fund tracking the iSTOXX Leveraged 3x BABA Index, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). Both are passively managed. Over the past 5 years, 3BAB.L returned -69.09%/yr vs 35.09%/yr for 3GOL.L. At a 0.09 correlation, their price movements are largely independent. 3BAB.L charges 0.75%/yr vs 0.99%/yr for 3GOL.L.

Performance

3BAB.L vs. 3GOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 3x Alibaba ETC (3BAB.L) and WisdomTree Gold 3x Daily Leveraged (3GOL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3BAB.L is traded in GBp, while 3GOL.L is traded in USD. To make them comparable, the 3GOL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3BAB.L achieves a -51.03% return, which is significantly lower than 3GOL.L's -11.76% return.

3BAB.L

• 1D: -12.86%
• 1M: -14.43%
• YTD: -51.03%
• 6M: -62.11%
• 1Y: -29.02%
• 3Y*: -22.14%
• 5Y*: -69.09%
• 10Y*: —

3GOL.L

• 1D: -4.07%
• 1M: -13.02%
• YTD: -11.76%
• 6M: -9.19%
• 1Y: 61.23%
• 3Y*: 66.21%
• 5Y*: 35.09%
• 10Y*: 22.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3BAB.L vs. 3GOL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
3BAB.L Leverage Shares 3x Alibaba ETC	-51.03%	109.01%	-18.41%	-64.32%	-91.90%	-87.31%
3GOL.L WisdomTree Gold 3x Daily Leveraged	-11.76%	212.21%	63.34%	14.25%	-3.63%	-14.06%

Correlation

The correlation between 3BAB.L and 3GOL.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.09

The correlation between 3BAB.L and 3GOL.L shifts across timeframes, from 0.09 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

3BAB.L vs. 3GOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3BAB.L

3BAB.L Risk / Return Rank: 9
3BAB.L Sharpe Ratio Rank: 7
3BAB.L Sortino Ratio Rank: 14
3BAB.L Omega Ratio Rank: 13
3BAB.L Calmar Ratio Rank: 6
3BAB.L Martin Ratio Rank: 6

3GOL.L

3GOL.L Risk / Return Rank: 25
3GOL.L Sharpe Ratio Rank: 22
3GOL.L Sortino Ratio Rank: 25
3GOL.L Omega Ratio Rank: 29
3GOL.L Calmar Ratio Rank: 25
3GOL.L Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3BAB.L vs. 3GOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Alibaba ETC (3BAB.L) and WisdomTree Gold 3x Daily Leveraged (3GOL.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	3BAB.L	3GOL.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	0.83	-1.06
Sortino ratio: Return per unit of downside risk	0.55	1.39	-0.84
Omega ratio: Gain probability vs. loss probability	1.06	1.20	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.35	1.23	-1.58
Martin ratio: Return relative to average drawdown	-0.58	2.83	-3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3BAB.L vs. 3GOL.L - Sharpe Ratio Comparison

The current 3BAB.L Sharpe Ratio is -0.23, which is lower than the 3GOL.L Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of 3BAB.L and 3GOL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3BAB.L	3GOL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	0.83	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.69	-1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.14	-0.60

Drawdowns

3BAB.L vs. 3GOL.L - Drawdown Comparison

The maximum 3BAB.L drawdown since its inception was -99.81%, which is greater than 3GOL.L's maximum drawdown of -82.62%. Use the drawdown chart below to compare losses from any high point for 3BAB.L and 3GOL.L.

Drawdown Indicators

	3BAB.L	3GOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-82.62%	-17.19%
Max Drawdown (1Y) Largest decline over 1 year	-82.29%	-49.51%	-32.78%
Max Drawdown (3Y) Largest decline over 3 years	-82.29%	-49.51%	-32.78%
Max Drawdown (5Y) Largest decline over 5 years	-99.81%	-49.51%	-50.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.98%	—
Current Drawdown Current decline from peak	-99.75%	-49.51%	-50.24%
Average Drawdown Average peak-to-trough decline	-93.40%	-54.54%	-38.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.68%	21.57%	+28.11%

Volatility

3BAB.L vs. 3GOL.L - Volatility Comparison

Leverage Shares 3x Alibaba ETC (3BAB.L) has a higher volatility of 48.18% compared to WisdomTree Gold 3x Daily Leveraged (3GOL.L) at 18.85%. This indicates that 3BAB.L's price experiences larger fluctuations and is considered to be riskier than 3GOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3BAB.L	3GOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.18%	18.85%	+29.33%
Volatility (6M) Calculated over the trailing 6-month period	88.83%	65.60%	+23.23%
Volatility (1Y) Calculated over the trailing 1-year period	125.78%	73.87%	+51.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.76%	50.78%	+98.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.50%	47.64%	+101.86%

3BAB.L vs. 3GOL.L - Expense Ratio Comparison

3BAB.L has a 0.75% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.

Dividends

3BAB.L vs. 3GOL.L - Dividend Comparison

Neither 3BAB.L nor 3GOL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3BAB.L and 3GOL.L in my portfolio?

3BAB.L and 3GOL.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3BAB.L or 3GOL.L?

On fees, 3BAB.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3BAB.L or 3GOL.L?

3BAB.L is cheaper with a 0.75% expense ratio, compared with 0.99% for 3GOL.L.

What is the main difference between 3BAB.L and 3GOL.L?

3BAB.L is categorized as Leveraged Equities, while 3GOL.L is Leveraged Commodities. 3BAB.L tracks iSTOXX Leveraged 3x BABA Index, while 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%). They also come from different issuers: Leverage Shares and WisdomTree. Their fees differ too: 0.75% for 3BAB.L and 0.99% for 3GOL.L.