3GOL.L vs. ATH.TO
3GOL.L (WisdomTree Gold 3x Daily Leveraged) is Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while ATH.TO (Athabasca Oil Corporation) is a stock. Over the past 10 years, 3GOL.L returned 15.21%/yr vs 20.58%/yr for ATH.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
3GOL.L vs. ATH.TO - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while ATH.TO is traded in CAD. To make them comparable, the ATH.TO 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 -36.55% return, which is significantly lower than ATH.TO's 39.89% return. Over the past 10 years, 3GOL.L has underperformed ATH.TO with an annualized return of 15.21%, while ATH.TO has yielded a comparatively higher 20.58% 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%
ATH.TO
- 1D
- 0.17%
- 1M
- -9.28%
- YTD
- 39.89%
- 6M
- 40.02%
- 1Y
- 74.64%
- 3Y*
- 49.11%
- 5Y*
- 55.47%
- 10Y*
- 20.58%
3GOL.L vs. ATH.TO - 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% |
ATH.TO Athabasca Oil Corporation | 39.89% | 38.20% | 17.84% | 77.25% | 90.45% | 600.35% | -70.49% | -37.84% | -14.65% | -44.01% |
Correlation
The correlation between 3GOL.L and ATH.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.04 |
The correlation between 3GOL.L and ATH.TO shifts across timeframes, from -0.07 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
3GOL.L vs. ATH.TO — Risk / Return Rank
3GOL.L
ATH.TO
3GOL.L vs. ATH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Athabasca Oil Corporation (ATH.TO). 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 | ATH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.24 | -2.84 |
| Martin ratioReturn relative to average drawdown | 0.94 | 10.81 | -9.86 |
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Drawdowns
3GOL.L vs. ATH.TO - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.81%, smaller than the maximum ATH.TO drawdown of -99.59%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and ATH.TO.
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Drawdown Indicators
| 3GOL.L | ATH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -99.59% | +15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -64.85% | -23.14% | -41.71% |
Max Drawdown (3Y)Largest decline over 3 years | -64.85% | -29.96% | -34.89% |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | -47.55% | -17.30% |
Max Drawdown (10Y)Largest decline over 10 years | -64.85% | -94.92% | +30.07% |
Current DrawdownCurrent decline from peak | -64.57% | -62.47% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -60.94% | -76.83% | +15.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.34% | 6.93% | +20.41% |
Volatility
3GOL.L vs. ATH.TO - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 26.74% compared to Athabasca Oil Corporation (ATH.TO) at 13.05%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than ATH.TO 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 | ATH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.74% | 13.05% | +13.69% |
Volatility (6M)Calculated over the trailing 6-month period | 70.00% | 31.88% | +38.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.22% | 37.71% | +40.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.24% | 49.97% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.88% | 61.94% | -14.06% |
Dividends
3GOL.L vs. ATH.TO - Dividend Comparison
Neither 3GOL.L nor ATH.TO has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and ATH.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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