3BAL.L vs. GGRP.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) 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 GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, 3BAL.L returned 59.71%/yr vs 8.60%/yr for GGRP.L. At a 0.31 correlation, their price movements are largely independent. 3BAL.L charges 0.89%/yr vs 0.38%/yr for GGRP.L.
Performance
3BAL.L vs. GGRP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3BAL.L achieves a -1.51% return, which is significantly lower than GGRP.L's 4.80% 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*
- —
GGRP.L
- 1D
- 0.39%
- 1M
- 4.76%
- YTD
- 4.80%
- 6M
- 5.35%
- 1Y
- 16.32%
- 3Y*
- 9.50%
- 5Y*
- 8.60%
- 10Y*
- —
3BAL.L vs. GGRP.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% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 4.80% | 7.06% | 9.85% | 11.62% | -3.21% | 20.07% | 13.17% | 29.78% | -5.75% | 9.19% |
Correlation
The correlation between 3BAL.L and GGRP.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.31 |
The correlation between 3BAL.L and GGRP.L shifts across timeframes, from 0.31 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3BAL.L vs. GGRP.L — Risk / Return Rank
3BAL.L
GGRP.L
3BAL.L vs. GGRP.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 Global Quality Dividend Growth UCITS ETF - USD (GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.89 | +0.55 |
| Martin ratioReturn relative to average drawdown | 6.62 | 7.20 | -0.58 |
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 | GGRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.60 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.72 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.90 | -0.81 |
Drawdowns
3BAL.L vs. GGRP.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, which is greater than GGRP.L's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and GGRP.L.
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Drawdown Indicators
| 3BAL.L | GGRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -22.60% | -75.18% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -8.59% | -36.85% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -16.46% | -33.85% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -16.46% | -61.48% |
Current DrawdownCurrent decline from peak | -18.68% | 0.00% | -18.68% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -2.93% | -63.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.77% | 2.26% | +14.51% |
Volatility
3BAL.L vs. GGRP.L - Volatility Comparison
WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) has a higher volatility of 18.85% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) at 3.00%. This indicates that 3BAL.L's price experiences larger fluctuations and is considered to be riskier than GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 3.00% | +15.85% |
Volatility (6M)Calculated over the trailing 6-month period | 54.46% | 8.07% | +46.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 10.17% | +58.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 12.07% | +62.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 15.35% | +67.50% |
3BAL.L vs. GGRP.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than GGRP.L's 0.38% expense ratio.
Dividends
3BAL.L vs. GGRP.L - Dividend Comparison
3BAL.L has not paid dividends to shareholders, while GGRP.L's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 0.01% | 0.01% | 0.54% | 1.86% | 2.42% | 1.60% | 1.46% | 1.88% | 2.13% | 1.41% |
Frequently Asked Questions
3BAL.L and GGRP.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGRP.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGRP.L is cheaper with a 0.38% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L is categorized as Leveraged Equities, while GGRP.L is Global Equities. 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. Their fees differ too: 0.89% for 3BAL.L and 0.38% for GGRP.L.
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