3GOL.L vs. ARES

Last updated Jun 30, 2026

3GOL.L (WisdomTree Gold 3x Daily Leveraged) is Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while ARES (Ares Management Corporation) is a stock. Over the past 10 years, 3GOL.L returned 15.21%/yr vs 27.74%/yr for ARES. At a 0.00 correlation, their price movements are largely independent.

Performance

3GOL.L vs. ARES - Performance Comparison

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

Returns By Period

In the year-to-date period, 3GOL.L achieves a -36.55% return, which is significantly lower than ARES's -31.41% return. Over the past 10 years, 3GOL.L has underperformed ARES with an annualized return of 15.21%, while ARES has yielded a comparatively higher 27.74% annualized return.

3GOL.L

• 1D: -4.45%
• 1M: -34.28%
• YTD: -36.55%
• 6M: -39.67%
• 1Y: 25.90%
• 3Y*: 57.28%
• 5Y*: 29.93%
• 10Y*: 15.21%

ARES

• 1D: -1.40%
• 1M: -14.89%
• YTD: -31.41%
• 6M: -34.42%
• 1Y: -34.85%
• 3Y*: 7.32%
• 5Y*: 14.87%
• 10Y*: 27.74%

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

3GOL.L vs. ARES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3GOL.L WisdomTree Gold 3x Daily Leveraged	-36.55%	236.16%	60.51%	20.28%	-13.87%	-21.60%	50.85%	47.36%	-12.42%	25.08%
ARES Ares Management Corporation	-31.41%	-5.72%	52.68%	79.52%	-12.75%	77.75%	37.37%	110.13%	-5.54%	10.72%

Correlation

The correlation between 3GOL.L and ARES is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 2, 2014	0.00

Return for Risk

3GOL.L vs. ARES — 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: 15
3GOL.L Sharpe Ratio Rank: 13
3GOL.L Sortino Ratio Rank: 18
3GOL.L Omega Ratio Rank: 19
3GOL.L Calmar Ratio Rank: 13
3GOL.L Martin Ratio Rank: 13

ARES

ARES Risk / Return Rank: 12
ARES Sharpe Ratio Rank: 9
ARES Sortino Ratio Rank: 12
ARES Omega Ratio Rank: 13
ARES Calmar Ratio Rank: 17
ARES Martin Ratio Rank: 11

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. ARES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Ares Management Corporation (ARES). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	3GOL.L	ARES	Difference
Sharpe ratio: Return per unit of total volatility	0.33	-0.83	+1.16
Sortino ratio: Return per unit of downside risk	0.94	-1.05	+2.00
Omega ratio: Gain probability vs. loss probability	1.13	0.87	+0.26
Calmar ratio: Return relative to maximum drawdown	0.40	-0.71	+1.11
Martin ratio: Return relative to average drawdown	0.94	-1.35	+2.29

3GOL.L vs. ARES - Sharpe Ratio Comparison

The current 3GOL.L Sharpe Ratio is 0.33, which is higher than the ARES Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of 3GOL.L and ARES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3GOL.L vs. ARES - Drawdown Comparison

The maximum 3GOL.L drawdown since its inception was -83.81%, which is greater than ARES's maximum drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and ARES.

Drawdown Indicators

	3GOL.L	ARES	Difference
Max Drawdown Largest peak-to-trough decline	-83.81%	-49.73%	-34.08%
Max Drawdown (1Y) Largest decline over 1 year	-64.85%	-49.05%	-15.80%
Max Drawdown (3Y) Largest decline over 3 years	-64.85%	-49.73%	-15.12%
Max Drawdown (5Y) Largest decline over 5 years	-64.85%	-49.73%	-15.12%
Max Drawdown (10Y) Largest decline over 10 years	-64.85%	-49.73%	-15.12%
Current Drawdown Current decline from peak	-64.57%	-42.25%	-22.32%
Average Drawdown Average peak-to-trough decline	-60.94%	-11.40%	-49.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.34%	25.91%	+1.43%

Volatility

3GOL.L vs. ARES - Volatility Comparison

WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 26.74% compared to Ares Management Corporation (ARES) at 13.98%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than ARES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOL.L	ARES	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.74%	13.98%	+12.76%
Volatility (6M) Calculated over the trailing 6-month period	70.00%	36.10%	+33.90%
Volatility (1Y) Calculated over the trailing 1-year period	78.22%	42.24%	+35.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.24%	37.59%	+15.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.88%	36.53%	+11.35%

Dividends

3GOL.L vs. ARES - Dividend Comparison

3GOL.L has not paid dividends to shareholders, while ARES's dividend yield for the trailing twelve months is around 6.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3GOL.L WisdomTree Gold 3x Daily Leveraged	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARES Ares Management Corporation	6.16%	3.29%	2.10%	2.59%	3.57%	2.31%	3.40%	3.59%	7.50%	5.65%	4.32%	6.81%

Frequently Asked Questions

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

3GOL.L and ARES have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.