3BAL.L vs. GLDW.L
3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) and GLDW.L (WisdomTree Core Physical Gold) 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 GLDW.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 3BAL.L returned 59.71%/yr vs 19.87%/yr for GLDW.L. At a correlation of -0.13, they often move in opposite directions. 3BAL.L charges 0.89%/yr vs 0.12%/yr for GLDW.L.
Performance
3BAL.L vs. GLDW.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 GLDW.L's 3.96% 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*
- —
GLDW.L
- 1D
- 0.63%
- 1M
- -1.34%
- YTD
- 3.96%
- 6M
- 5.38%
- 1Y
- 33.68%
- 3Y*
- 28.15%
- 5Y*
- 19.87%
- 10Y*
- —
3BAL.L vs. GLDW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.51% | 433.07% | 68.07% | 63.85% | -24.90% | 38.07% |
GLDW.L WisdomTree Core Physical Gold | 3.96% | 53.57% | 28.18% | 7.26% | 11.82% | 9.07% |
Correlation
The correlation between 3BAL.L and GLDW.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2021 | -0.13 |
The correlation between 3BAL.L and GLDW.L shifts across timeframes, from -0.13 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3BAL.L vs. GLDW.L — Risk / Return Rank
3BAL.L
GLDW.L
3BAL.L vs. GLDW.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 Core Physical Gold (GLDW.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 | GLDW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.88 | +0.56 |
| Martin ratioReturn relative to average drawdown | 6.62 | 5.05 | +1.57 |
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 | GLDW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.46 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 1.23 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 1.30 | -1.21 |
Drawdowns
3BAL.L vs. GLDW.L - Drawdown Comparison
The maximum 3BAL.L drawdown since its inception was -97.78%, which is greater than GLDW.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for 3BAL.L and GLDW.L.
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Drawdown Indicators
| 3BAL.L | GLDW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -17.86% | -79.92% |
Max Drawdown (1Y)Largest decline over 1 year | -45.44% | -17.86% | -27.58% |
Max Drawdown (3Y)Largest decline over 3 years | -50.31% | -17.86% | -32.45% |
Max Drawdown (5Y)Largest decline over 5 years | -77.94% | -17.86% | -60.08% |
Current DrawdownCurrent decline from peak | -18.68% | -15.93% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -3.58% | -62.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.77% | 6.65% | +10.12% |
Volatility
3BAL.L vs. GLDW.L - Volatility Comparison
WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) has a higher volatility of 18.85% compared to WisdomTree Core Physical Gold (GLDW.L) at 5.09%. This indicates that 3BAL.L's price experiences larger fluctuations and is considered to be riskier than GLDW.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 | GLDW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 5.09% | +13.76% |
Volatility (6M)Calculated over the trailing 6-month period | 54.46% | 19.81% | +34.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 22.95% | +45.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 16.09% | +58.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 15.94% | +66.91% |
3BAL.L vs. GLDW.L - Expense Ratio Comparison
3BAL.L has a 0.89% expense ratio, which is higher than GLDW.L's 0.12% expense ratio.
Dividends
3BAL.L vs. GLDW.L - Dividend Comparison
Neither 3BAL.L nor GLDW.L has paid dividends to shareholders.
Frequently Asked Questions
3BAL.L and GLDW.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDW.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW.L is cheaper with a 0.12% expense ratio, compared with 0.89% for 3BAL.L.
3BAL.L is categorized as Leveraged Equities, while GLDW.L is Precious Metals. 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index, while GLDW.L tracks Gold. Their fees differ too: 0.89% for 3BAL.L and 0.12% for GLDW.L.
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