3GOL.L vs. 3GLE.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and 3GLE.L (Leverage Shares 3x Long Gold ETP Securities) are both Leveraged Commodities funds. 3GOL.L is passively managed, while 3GLE.L is actively managed. Over the past 3 years, 3GOL.L returned 72.05%/yr vs 65.12%/yr for 3GLE.L. Their correlation of 0.94 suggests significant overlap in exposure. 3GOL.L charges 0.99%/yr vs 0.75%/yr for 3GLE.L.
Performance
3GOL.L vs. 3GLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOL.L achieves a -10.37% return, which is significantly lower than 3GLE.L's -9.71% 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%
3GLE.L
- 1D
- 1.46%
- 1M
- -8.07%
- YTD
- -9.71%
- 6M
- -6.67%
- 1Y
- 52.94%
- 3Y*
- 65.12%
- 5Y*
- —
- 10Y*
- —
3GOL.L vs. 3GLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.37% | 236.16% | 60.53% | 20.26% | -9.32% |
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -9.71% | 188.93% | 67.78% | 16.46% | -12.50% |
Correlation
The correlation between 3GOL.L and 3GLE.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.94 |
The correlation between 3GOL.L and 3GLE.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
3GOL.L vs. 3GLE.L — Risk / Return Rank
3GOL.L
3GLE.L
3GOL.L vs. 3GLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Leverage Shares 3x Long Gold ETP Securities (3GLE.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 | 3GLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.05 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.61 | 2.35 | +0.26 |
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 | 3GLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.68 | +0.11 |
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 | 0.85 | -0.74 |
Drawdowns
3GOL.L vs. 3GLE.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than 3GLE.L's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and 3GLE.L.
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Drawdown Indicators
| 3GOL.L | 3GLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -50.37% | -33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -50.37% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -50.37% | -0.54% |
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% | -49.24% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -13.03% | -47.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 22.50% | +0.27% |
Volatility
3GOL.L vs. 3GLE.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Leverage Shares 3x Long Gold ETP Securities (3GLE.L) have volatilities of 19.22% and 18.35%, 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 | 3GLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 18.35% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 66.26% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 77.12% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 53.66% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 53.66% | -4.93% |
3GOL.L vs. 3GLE.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than 3GLE.L's 0.75% expense ratio.
Dividends
3GOL.L vs. 3GLE.L - Dividend Comparison
Neither 3GOL.L nor 3GLE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, 3GOL.L and 3GLE.L 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.
On fees, 3GLE.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3GLE.L is cheaper with a 0.75% expense ratio, compared with 0.99% for 3GOL.L.
They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.99% for 3GOL.L and 0.75% for 3GLE.L.
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