3GOL.L vs. BTC-USD
3GOL.L (WisdomTree Gold 3x Daily Leveraged) is Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, 3GOL.L returned 16.34%/yr vs 57.26%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
3GOL.L vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOL.L achieves a -33.60% return, which is significantly lower than BTC-USD's -31.46% return. Over the past 10 years, 3GOL.L has underperformed BTC-USD with an annualized return of 16.34%, while BTC-USD has yielded a comparatively higher 57.26% annualized return.
3GOL.L
- 1D
- 4.36%
- 1M
- -24.75%
- YTD
- -33.60%
- 6M
- -42.51%
- 1Y
- 25.55%
- 3Y*
- 59.71%
- 5Y*
- 30.34%
- 10Y*
- 16.34%
BTC-USD
- 1D
- 0.45%
- 1M
- -19.30%
- YTD
- -31.46%
- 6M
- -31.30%
- 1Y
- -43.96%
- 3Y*
- 25.01%
- 5Y*
- 11.56%
- 10Y*
- 57.26%
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 | -33.60% | 236.16% | 60.51% | 20.28% | -13.87% | -21.60% | 50.85% | 47.36% | -12.42% | 25.08% |
BTC-USD Bitcoin | -31.46% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between 3GOL.L and BTC-USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.06 |
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Return for Risk
3GOL.L vs. BTC-USD — Risk / Return Rank
3GOL.L
BTC-USD
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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.85 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.84 | +1.24 |
| Martin ratioReturn relative to average drawdown | 0.94 | -1.43 | +2.37 |
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Drawdowns
3GOL.L vs. BTC-USD - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.81%, 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.
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Drawdown Indicators
| 3GOL.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -85.30% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -64.85% | -52.13% | -12.72% |
Max Drawdown (3Y)Largest decline over 3 years | -64.85% | -52.13% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | -76.67% | +11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -64.85% | -83.80% | +18.95% |
Current DrawdownCurrent decline from peak | -62.92% | -51.91% | -11.01% |
Average DrawdownAverage peak-to-trough decline | -60.94% | -42.43% | -18.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.04% | 31.72% | -4.68% |
Volatility
3GOL.L vs. BTC-USD - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 27.92% compared to Bitcoin (BTC-USD) at 12.41%. 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.
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Volatility by Period
| 3GOL.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.92% | 12.41% | +15.51% |
Volatility (6M)Calculated over the trailing 6-month period | 69.93% | 34.74% | +35.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.08% | 35.60% | +42.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.20% | 44.14% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.85% | 56.39% | -8.54% |
Frequently Asked Questions
3GOL.L and BTC-USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for 3GOL.L and BTC-USD
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