3GOL.L vs. AVSG.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and AVSG.L (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while AVSG.L is a Small Cap Value Equities fund actively managed by Avantis. 3GOL.L is passively managed, while AVSG.L is actively managed. Over the past year, 3GOL.L returned 59.63% vs 38.58% for AVSG.L. At a 0.10 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.39%/yr for AVSG.L.
Performance
3GOL.L vs. AVSG.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 AVSG.L's 17.60% 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%
AVSG.L
- 1D
- 0.38%
- 1M
- 2.33%
- YTD
- 17.60%
- 6M
- 18.13%
- 1Y
- 38.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOL.L vs. AVSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.37% | 236.16% | -6.62% |
AVSG.L Avantis Global Small Cap Value UCITS ETF USD Acc | 17.60% | 12.18% | -4.47% |
Correlation
The correlation between 3GOL.L and AVSG.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.10 |
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Return for Risk
3GOL.L vs. AVSG.L — Risk / Return Rank
3GOL.L
AVSG.L
3GOL.L vs. AVSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.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 | AVSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.53 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 5.57 | -4.40 |
| Martin ratioReturn relative to average drawdown | 2.61 | 21.27 | -18.65 |
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 | AVSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.99 | -2.20 |
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 | 1.06 | -0.95 |
Drawdowns
3GOL.L vs. AVSG.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than AVSG.L's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and AVSG.L.
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Drawdown Indicators
| 3GOL.L | AVSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -21.38% | -62.26% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -6.90% | -44.01% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | — | — |
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% | -0.55% | -49.40% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -4.00% | -56.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 1.81% | +20.96% |
Volatility
3GOL.L vs. AVSG.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVSG.L) at 3.39%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than AVSG.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 | AVSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 3.39% | +15.83% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 9.04% | +57.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 12.87% | +62.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 15.87% | +36.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 15.87% | +32.86% |
3GOL.L vs. AVSG.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than AVSG.L's 0.39% expense ratio.
Dividends
3GOL.L vs. AVSG.L - Dividend Comparison
Neither 3GOL.L nor AVSG.L has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and AVSG.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVSG.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVSG.L is cheaper with a 0.39% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while AVSG.L is Small Cap Value Equities. They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 0.99% for 3GOL.L and 0.39% for AVSG.L.
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