3GOL.L vs. BTC-USD

Last updated Apr 3, 2026

Compare and contrast key facts about WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Bitcoin (BTC-USD).

3GOL.L is a passively managed fund by WisdomTree that tracks the performance of the Solactive Gold Commodity Futures SL Index (300%). It was launched on Dec 20, 2012.

Performance

3GOL.L vs. BTC-USD - Performance Comparison

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

3GOL.L vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3GOL.L WisdomTree Gold 3x Daily Leveraged	6.46%	236.16%	60.53%	20.26%	-13.87%	-20.96%	51.59%	45.43%	-12.42%	25.08%
BTC-USD Bitcoin	-23.70%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	94.10%	-73.37%	1,324.24%

Returns By Period

In the year-to-date period, 3GOL.L achieves a 6.46% return, which is significantly higher than BTC-USD's -23.70% return. Over the past 10 years, 3GOL.L has underperformed BTC-USD with an annualized return of 24.40%, while BTC-USD has yielded a comparatively higher 66.03% annualized return.

3GOL.L

• 1D: -6.77%
• 1M: -27.67%
• YTD: 6.46%
• 6M: 38.60%
• 1Y: 119.29%
• 3Y*: 77.27%
• 5Y*: 45.94%
• 10Y*: 24.40%

BTC-USD

• 1D: -1.99%
• 1M: -2.31%
• YTD: -23.70%
• 6M: -44.66%
• 1Y: -19.07%
• 3Y*: 33.89%
• 5Y*: 3.18%
• 10Y*: 66.03%

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

Return for Risk

3GOL.L vs. BTC-USD — 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: 73
3GOL.L Sharpe Ratio Rank: 77
3GOL.L Sortino Ratio Rank: 73
3GOL.L Omega Ratio Rank: 70
3GOL.L Calmar Ratio Rank: 78
3GOL.L Martin Ratio Rank: 66

BTC-USD

BTC-USD Risk / Return Rank: 39
BTC-USD Sharpe Ratio Rank: 66
BTC-USD Sortino Ratio Rank: 60
BTC-USD Omega Ratio Rank: 59
BTC-USD Calmar Ratio Rank: 12
BTC-USD Martin Ratio Rank: 0

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. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Bitcoin (BTC-USD). 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	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.49	-0.43	+1.92
Sortino ratio Return per unit of downside risk	1.94	-0.36	+2.31
Omega ratio Gain probability vs. loss probability	1.28	0.96	+0.31
Calmar ratio Return relative to maximum drawdown	2.52	-1.14	+3.66
Martin ratio Return relative to average drawdown	7.90	-2.03	+9.94
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. BTC-USD - Sharpe Ratio Comparison

The current 3GOL.L Sharpe Ratio is 1.49, which is higher than the BTC-USD Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of 3GOL.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	3GOL.L	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	-0.43	+1.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.06	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.97	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	1.18	-1.04

Correlation

The correlation between 3GOL.L and BTC-USD is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

3GOL.L vs. BTC-USD - Drawdown Comparison

The maximum 3GOL.L drawdown since its inception was -83.64%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and BTC-USD.

Drawdown Indicators

	3GOL.L	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-83.64%	-85.30%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-50.15%	-49.65%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-55.46%	-76.67%	+21.21%
Max Drawdown (10Y) Largest decline over 10 years	-63.92%	-83.80%	+19.88%
Current Drawdown Current decline from peak	-40.56%	-46.47%	+5.91%
Average Drawdown Average peak-to-trough decline	-60.78%	-42.00%	-18.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.01%	27.75%	-11.74%

Volatility

3GOL.L vs. BTC-USD - Volatility Comparison

WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 36.16% compared to Bitcoin (BTC-USD) at 13.70%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOL.L	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.16%	13.70%	+22.46%
Volatility (6M) Calculated over the trailing 6-month period	68.79%	35.96%	+32.83%
Volatility (1Y) Calculated over the trailing 1-year period	79.73%	36.69%	+43.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.86%	46.91%	+4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.42%	56.71%	-8.29%