3GOL.L vs. 3BAL.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and 3BAL.L (WisdomTree EURO STOXX Banks 3x Daily Leveraged) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while 3BAL.L is a Leveraged Equities fund tracking the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Both are passively managed. Over the past 5 years, 3GOL.L returned 34.18%/yr vs 58.02%/yr for 3BAL.L. At a 0.01 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.89%/yr for 3BAL.L.
Performance
3GOL.L vs. 3BAL.L - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while 3BAL.L is traded in GBp. To make them comparable, the 3BAL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GOL.L achieves a -10.37% return, which is significantly lower than 3BAL.L's -1.80% return.
3GOL.L
- 1D
- 1.95%
- 1M
- -8.73%
- YTD
- -10.37%
- 6M
- -6.64%
- 1Y
- 59.63%
- 3Y*
- 72.05%
- 5Y*
- 34.18%
- 10Y*
- 21.65%
3BAL.L
- 1D
- -4.61%
- 1M
- 13.51%
- YTD
- -1.80%
- 6M
- 17.27%
- 1Y
- 114.02%
- 3Y*
- 138.90%
- 5Y*
- 58.02%
- 10Y*
- —
3GOL.L vs. 3BAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.37% | 236.16% | 60.53% | 20.26% | -13.87% | -20.96% | 51.59% | 45.43% | -12.42% | 15.04% |
3BAL.L WisdomTree EURO STOXX Banks 3x Daily Leveraged | -1.80% | 473.30% | 65.27% | 72.49% | -32.93% | 106.38% | -79.28% | 30.82% | -72.61% | 27.84% |
Correlation
The correlation between 3GOL.L and 3BAL.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 | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017 | 0.01 |
Over the past year, 3GOL.L and 3BAL.L have become more correlated (0.22) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
3GOL.L vs. 3BAL.L — Risk / Return Rank
3GOL.L
3BAL.L
3GOL.L vs. 3BAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.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.
| 3GOL.L | 3BAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.33 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.61 | 6.24 | -3.63 |
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
| 3GOL.L | 3BAL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.56 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.75 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.10 | +0.01 |
Drawdowns
3GOL.L vs. 3BAL.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, smaller than the maximum 3BAL.L drawdown of -97.97%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and 3BAL.L.
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Drawdown Indicators
| 3GOL.L | 3BAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -97.97% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -46.85% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -51.40% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | -80.76% | +25.30% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -49.95% | -20.34% | -29.61% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -67.67% | +7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 17.54% | +5.23% |
Volatility
3GOL.L vs. 3BAL.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) have volatilities of 19.22% and 19.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOL.L | 3BAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 19.40% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 55.76% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 70.23% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 77.29% | -24.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 84.82% | -36.09% |
3GOL.L vs. 3BAL.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than 3BAL.L's 0.89% expense ratio.
Dividends
3GOL.L vs. 3BAL.L - Dividend Comparison
Neither 3GOL.L nor 3BAL.L has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and 3BAL.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.
On fees, 3BAL.L is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3BAL.L is cheaper with a 0.89% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while 3BAL.L is Leveraged Equities. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while 3BAL.L tracks EURO STOXX Banks Daily Leverage 3 EUR Net Return Index. Their fees differ too: 0.99% for 3GOL.L and 0.89% for 3BAL.L.
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