3GOL.L vs. 3SIL.L

Last updated Jun 5, 2026

3GOL.L (WisdomTree Gold 3x Daily Leveraged) and 3SIL.L (WisdomTree Silver 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 3SIL.L is a Silver fund tracking the Solactive Silver Commodity Futures SL Index (3x). Both are passively managed. Over the past 10 years, 3GOL.L returned 21.65%/yr vs -1.65%/yr for 3SIL.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

3GOL.L vs. 3SIL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree Silver 3x Daily Leveraged (3SIL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 3GOL.L achieves a -10.37% return, which is significantly higher than 3SIL.L's -58.34% return. Over the past 10 years, 3GOL.L has outperformed 3SIL.L with an annualized return of 21.65%, while 3SIL.L has yielded a comparatively lower -1.65% annualized 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%

3SIL.L

• 1D: 0.90%
• 1M: -7.85%
• YTD: -58.34%
• 6M: -31.50%
• 1Y: 141.28%
• 3Y*: 48.06%
• 5Y*: 0.53%
• 10Y*: -1.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

3GOL.L vs. 3SIL.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%	25.08%
3SIL.L WisdomTree Silver 3x Daily Leveraged	-58.34%	692.77%	16.75%	-30.27%	-22.02%	-53.86%	43.62%	27.24%	-36.45%	-5.75%

Correlation

The correlation between 3GOL.L and 3SIL.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013	0.70

The correlation between 3GOL.L and 3SIL.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

3GOL.L vs. 3SIL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3GOL.L

3GOL.L Risk / Return Rank: 25
3GOL.L Sharpe Ratio Rank: 23
3GOL.L Sortino Ratio Rank: 26
3GOL.L Omega Ratio Rank: 30
3GOL.L Calmar Ratio Rank: 25
3GOL.L Martin Ratio Rank: 22

3SIL.L

3SIL.L Risk / Return Rank: 34
3SIL.L Sharpe Ratio Rank: 23
3SIL.L Sortino Ratio Rank: 42
3SIL.L Omega Ratio Rank: 50
3SIL.L Calmar Ratio Rank: 32
3SIL.L Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3GOL.L vs. 3SIL.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 Silver 3x Daily Leveraged (3SIL.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	3SIL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.81	-0.02
Sortino ratio: Return per unit of downside risk	1.37	2.08	-0.71
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.12
Calmar ratio: Return relative to maximum drawdown	1.17	1.57	-0.41
Martin ratio: Return relative to average drawdown	2.61	2.86	-0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GOL.L vs. 3SIL.L - Sharpe Ratio Comparison

The current 3GOL.L Sharpe Ratio is 0.79, which is comparable to the 3SIL.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of 3GOL.L and 3SIL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3GOL.L	3SIL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.81	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.00	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	-0.02	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-0.22	+0.33

Drawdowns

3GOL.L vs. 3SIL.L - Drawdown Comparison

The maximum 3GOL.L drawdown since its inception was -83.64%, smaller than the maximum 3SIL.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and 3SIL.L.

Drawdown Indicators

	3GOL.L	3SIL.L	Difference
Max Drawdown Largest peak-to-trough decline	-83.64%	-99.33%	+15.69%
Max Drawdown (1Y) Largest decline over 1 year	-50.91%	-89.36%	+38.45%
Max Drawdown (3Y) Largest decline over 3 years	-50.91%	-89.36%	+38.45%
Max Drawdown (5Y) Largest decline over 5 years	-55.46%	-89.36%	+33.90%
Max Drawdown (10Y) Largest decline over 10 years	-63.92%	-92.57%	+28.65%
Current Drawdown Current decline from peak	-49.95%	-95.98%	+46.03%
Average Drawdown Average peak-to-trough decline	-60.53%	-94.34%	+33.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.77%	49.22%	-26.45%

Volatility

3GOL.L vs. 3SIL.L - Volatility Comparison

The current volatility for WisdomTree Gold 3x Daily Leveraged (3GOL.L) is 19.22%, while WisdomTree Silver 3x Daily Leveraged (3SIL.L) has a volatility of 55.89%. This indicates that 3GOL.L experiences smaller price fluctuations and is considered to be less risky than 3SIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOL.L	3SIL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	55.89%	-36.67%
Volatility (6M) Calculated over the trailing 6-month period	66.56%	179.25%	-112.69%
Volatility (1Y) Calculated over the trailing 1-year period	75.17%	174.29%	-99.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.72%	109.78%	-57.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.73%	95.45%	-46.72%

3GOL.L vs. 3SIL.L - Expense Ratio Comparison

Both 3GOL.L and 3SIL.L have an expense ratio of 0.99%.

Dividends

3GOL.L vs. 3SIL.L - Dividend Comparison

Neither 3GOL.L nor 3SIL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3GOL.L and 3SIL.L in my portfolio?

3GOL.L and 3SIL.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3GOL.L or 3SIL.L?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3GOL.L or 3SIL.L?

3GOL.L and 3SIL.L have the same expense ratio: 0.99% per year.

What is the main difference between 3GOL.L and 3SIL.L?

3GOL.L is categorized as Leveraged Commodities, while 3SIL.L is Silver. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while 3SIL.L tracks Solactive Silver Commodity Futures SL Index (3x).