3BAL.L vs. COPA.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and COPA.L (WisdomTree Copper) are both exchange-traded funds - 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while COPA.L is a Metals fund tracking the Bloomberg Copper Subindex. Both are passively managed. Over the past 5 years, 3BAL.L returned 59.71%/yr vs 8.15%/yr for COPA.L. At a 0.23 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.49%/yr for COPA.L.
Performance
3BAL.L vs. COPA.L - Performance Comparison
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Different Trading Currencies
3BAL.L is traded in GBp, while COPA.L is traded in USD. To make them comparable, the COPA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3BAL.L achieves a -1.51% return, which is significantly lower than COPA.L's 14.05% return.
3BAL.L
- 1D
- -4.27%
- 1M
- 14.54%
- YTD
- -1.51%
- 6M
- 16.46%
- 1Y
- 116.19%
- 3Y*
- 133.01%
- 5Y*
- 59.71%
- 10Y*
- —
COPA.L
- 1D
- 0.00%
- 1M
- 9.70%
- YTD
- 14.05%
- 6M
- 19.87%
- 1Y
- 31.14%
- 3Y*
- 15.98%
- 5Y*
- 8.15%
- 10Y*
- 11.12%
3BAL.L vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.51% | 433.07% | 68.07% | 63.85% | -24.90% | 108.27% | -79.89% | 25.77% | -70.96% | 16.34% |
COPA.L WisdomTree Copper | 14.40% | 26.65% | 6.64% | -2.47% | -3.31% | 25.53% | 17.85% | 0.91% | -15.65% | 9.57% |
Correlation
The correlation between 3BAL.L and COPA.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.23 |
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Return for Risk
3BAL.L vs. COPA.L — Risk / Return Rank
3BAL.L
COPA.L
3BAL.L vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) and WisdomTree Copper (COPA.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.
| 3BAL.L | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.30 | +1.14 |
| Martin ratioReturn relative to average drawdown | 6.62 | 2.87 | +3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 3BAL.L | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.96 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.33 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.14 | -0.05 |
Drawdowns
3BAL.L vs. COPA.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, which is greater than COPA.L's maximum drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and COPA.L.
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Drawdown Indicators
| 3BAL.L | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -58.32% | -39.46% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -23.82% | -21.62% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -23.82% | -26.49% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -26.80% | -51.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.28% | — |
Current DrawdownCurrent decline from peak | -18.68% | -2.27% | -16.41% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -25.46% | -40.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.77% | 10.84% | +5.93% |
Volatility
3BAL.L vs. COPA.L - Volatility Comparison
WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) has a higher volatility of 18.85% compared to WisdomTree Copper (COPA.L) at 8.17%. This indicates that 3BAL.L's price experiences larger fluctuations and is considered to be riskier than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3BAL.L | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 8.17% | +10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 54.46% | 17.79% | +36.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 32.35% | +36.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 24.65% | +50.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 22.69% | +60.16% |
3BAL.L vs. COPA.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than COPA.L's 0.49% expense ratio.
Dividends
3BAL.L vs. COPA.L - Dividend Comparison
Neither 3BAL.L nor COPA.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and COPA.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA.L is cheaper with a 0.49% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L is categorized as Leveraged Equities, while COPA.L is Metals. 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while COPA.L tracks Bloomberg Copper Subindex. Their fees differ too: 0.89% for 3BAL.L and 0.49% for COPA.L.
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