3GDE.L vs. 3USL.L
3GDE.L (Leverage Shares 3x Long Gold Miners ETC EUR) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both Leveraged Equities funds. 3GDE.L is actively managed, while 3USL.L is passively managed. Over the past 3 years, 3GDE.L returned 48.28%/yr vs 46.50%/yr for 3USL.L. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
3GDE.L vs. 3USL.L - Performance Comparison
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Different Trading Currencies
3GDE.L is traded in EUR, while 3USL.L is traded in USD. To make them comparable, the 3USL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GDE.L achieves a -37.35% return, which is significantly lower than 3USL.L's 26.56% return.
3GDE.L
- 1D
- 1.26%
- 1M
- -8.26%
- YTD
- -37.35%
- 6M
- -27.48%
- 1Y
- 84.63%
- 3Y*
- 48.28%
- 5Y*
- —
- 10Y*
- —
3USL.L
- 1D
- -0.16%
- 1M
- 13.51%
- YTD
- 26.56%
- 6M
- 26.83%
- 1Y
- 74.79%
- 3Y*
- 46.50%
- 5Y*
- 23.39%
- 10Y*
- 28.21%
3GDE.L vs. 3USL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3GDE.L Leverage Shares 3x Long Gold Miners ETC EUR | -37.35% | 690.23% | -13.19% | -17.59% | -53.82% | 13.19% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 26.56% | 13.67% | 74.83% | 65.38% | -54.70% | 8.59% |
Correlation
The correlation between 3GDE.L and 3USL.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.23 |
The correlation between 3GDE.L and 3USL.L shifts across timeframes, from 0.23 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GDE.L vs. 3USL.L — Risk / Return Rank
3GDE.L
3USL.L
3GDE.L vs. 3USL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.L) and WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
| 3GDE.L | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.07 | -1.89 |
| Martin ratioReturn relative to average drawdown | 2.47 | 11.64 | -9.17 |
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
| 3GDE.L | 3USL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.19 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.62 | -0.48 |
Drawdowns
3GDE.L vs. 3USL.L - Drawdown Comparison
The maximum 3GDE.L drawdown since its inception was -89.24%, which is greater than 3USL.L's maximum drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for 3GDE.L and 3USL.L.
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Drawdown Indicators
| 3GDE.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.24% | -76.54% | -12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -71.29% | -24.25% | -47.04% |
Max Drawdown (3Y)Largest decline over 3 years | -71.29% | -50.79% | -20.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.54% | — |
Current DrawdownCurrent decline from peak | -69.39% | -1.68% | -67.71% |
Average DrawdownAverage peak-to-trough decline | -62.96% | -15.24% | -47.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.13% | 6.40% | +27.73% |
Volatility
3GDE.L vs. 3USL.L - Volatility Comparison
Leverage Shares 3x Long Gold Miners ETC EUR (3GDE.L) has a higher volatility of 46.44% compared to WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) at 9.09%. This indicates that 3GDE.L's price experiences larger fluctuations and is considered to be riskier than 3USL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GDE.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.44% | 9.09% | +37.35% |
Volatility (6M)Calculated over the trailing 6-month period | 107.37% | 24.63% | +82.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.76% | 33.94% | +96.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.47% | 46.19% | +63.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.47% | 47.85% | +61.62% |
3GDE.L vs. 3USL.L - Expense Ratio Comparison
Both 3GDE.L and 3USL.L have an expense ratio of 0.75%.
Dividends
3GDE.L vs. 3USL.L - Dividend Comparison
Neither 3GDE.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
3GDE.L and 3USL.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3GDE.L and 3USL.L have the same expense ratio: 0.75% per year.
They also come from different issuers: Leverage Shares and WisdomTree.
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