3GOL.L vs. 3GLD.DE
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and 3GLD.DE (WisdomTree Gold 3x Daily Leveraged ETC) are both Leveraged Commodities funds from WisdomTree - 3GOL.L tracks the Solactive Gold Commodity Futures SL Index (300%) while 3GLD.DE tracks the Solactive Gold Commodity Futures SL Index. Both are passively managed. Over the past 3 years, 3GOL.L returned 72.05%/yr vs 69.80%/yr for 3GLD.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
3GOL.L vs. 3GLD.DE - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while 3GLD.DE is traded in EUR. To make them comparable, the 3GLD.DE 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 higher than 3GLD.DE's -16.24% 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%
3GLD.DE
- 1D
- 2.03%
- 1M
- -8.56%
- YTD
- -16.24%
- 6M
- -6.59%
- 1Y
- 55.89%
- 3Y*
- 69.80%
- 5Y*
- —
- 10Y*
- —
3GOL.L vs. 3GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.37% | 236.16% | 60.53% | 20.26% | 15.22% |
3GLD.DE WisdomTree Gold 3x Daily Leveraged ETC | -16.24% | 245.88% | 61.61% | 18.42% | 14.74% |
Correlation
The correlation between 3GOL.L and 3GLD.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.95 |
The correlation between 3GOL.L and 3GLD.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
3GOL.L vs. 3GLD.DE — Risk / Return Rank
3GOL.L
3GLD.DE
3GOL.L vs. 3GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree Gold 3x Daily Leveraged ETC (3GLD.DE). 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 | 3GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.08 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.61 | 2.39 | +0.22 |
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 | 3GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.74 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
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 | 1.16 | -1.06 |
Drawdowns
3GOL.L vs. 3GLD.DE - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than 3GLD.DE's maximum drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and 3GLD.DE.
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Drawdown Indicators
| 3GOL.L | 3GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -51.47% | -32.17% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -51.47% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -51.47% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -49.95% | -50.49% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -12.56% | -47.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 23.31% | -0.54% |
Volatility
3GOL.L vs. 3GLD.DE - Volatility Comparison
The current volatility for WisdomTree Gold 3x Daily Leveraged (3GOL.L) is 19.22%, while WisdomTree Gold 3x Daily Leveraged ETC (3GLD.DE) has a volatility of 21.53%. This indicates that 3GOL.L experiences smaller price fluctuations and is considered to be less risky than 3GLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOL.L | 3GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 21.53% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 66.75% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 75.08% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 54.98% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 54.98% | -6.25% |
3GOL.L vs. 3GLD.DE - Expense Ratio Comparison
Both 3GOL.L and 3GLD.DE have an expense ratio of 0.99%.
Dividends
3GOL.L vs. 3GLD.DE - Dividend Comparison
Neither 3GOL.L nor 3GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, 3GOL.L and 3GLD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3GOL.L and 3GLD.DE have the same expense ratio: 0.99% per year.
3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while 3GLD.DE tracks Solactive Gold Commodity Futures SL Index.
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