3GOL.L vs. 3USL.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index. Both are passively managed. Over the past 10 years, 3GOL.L returned 21.65%/yr vs 28.49%/yr for 3USL.L. At a 0.02 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.75%/yr for 3USL.L.
Performance
3GOL.L vs. 3USL.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 3USL.L's 25.13% return. Over the past 10 years, 3GOL.L has underperformed 3USL.L with an annualized return of 21.65%, while 3USL.L has yielded a comparatively higher 28.49% 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%
3USL.L
- 1D
- -0.02%
- 1M
- 12.76%
- YTD
- 25.13%
- 6M
- 26.49%
- 1Y
- 77.77%
- 3Y*
- 50.50%
- 5Y*
- 22.25%
- 10Y*
- 28.49%
3GOL.L vs. 3USL.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% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 64.00% | 70.49% | -57.35% | 101.77% | 7.89% | 97.98% | -27.34% | 69.34% |
Correlation
The correlation between 3GOL.L and 3USL.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.02 |
Over the past year, 3GOL.L and 3USL.L have become more correlated (0.29) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
3GOL.L vs. 3USL.L — Risk / Return Rank
3GOL.L
3USL.L
3GOL.L vs. 3USL.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 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.
| 3GOL.L | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.06 | -1.89 |
| Martin ratioReturn relative to average drawdown | 2.61 | 12.28 | -9.67 |
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 | 3USL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.25 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.47 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.59 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.60 | -0.49 |
Drawdowns
3GOL.L vs. 3USL.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than 3USL.L's maximum drawdown of -76.72%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and 3USL.L.
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Drawdown Indicators
| 3GOL.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -76.72% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -25.29% | -25.62% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -48.69% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | -63.47% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -76.72% | +12.80% |
Current DrawdownCurrent decline from peak | -49.95% | -1.82% | -48.13% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -15.26% | -45.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 6.31% | +16.46% |
Volatility
3GOL.L vs. 3USL.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) at 9.42%. This indicates that 3GOL.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
| 3GOL.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 9.42% | +9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 25.26% | +41.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 34.36% | +40.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 47.39% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 48.51% | +0.22% |
3GOL.L vs. 3USL.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than 3USL.L's 0.75% expense ratio.
Dividends
3GOL.L vs. 3USL.L - Dividend Comparison
Neither 3GOL.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and 3USL.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3USL.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3USL.L is cheaper with a 0.75% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while 3USL.L is Leveraged Equities. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while 3USL.L tracks S&P 500 Net Total Returns Index. Their fees differ too: 0.99% for 3GOL.L and 0.75% for 3USL.L.
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