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 21.65%/yr vs 59.71%/yr for BTC-USD. At a 0.05 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 -10.37% return, which is significantly higher than BTC-USD's -27.60% return. Over the past 10 years, 3GOL.L has underperformed BTC-USD with an annualized return of 21.65%, while BTC-USD has yielded a comparatively higher 59.71% annualized 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%
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
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 | -10.37% | 236.16% | 60.53% | 20.26% | -13.87% | -20.96% | 51.59% | 45.43% | -12.42% | 25.08% |
BTC-USD Bitcoin | -27.60% | -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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | 0.05 |
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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.
| 3GOL.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.87 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.80 | +1.96 |
| Martin ratioReturn relative to average drawdown | 2.61 | -1.39 | +4.01 |
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 | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | -0.92 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.23 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.88 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.13 | -1.02 |
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.
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Drawdown Indicators
| 3GOL.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -85.30% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -49.65% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -49.65% | -1.26% |
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 DrawdownCurrent decline from peak | -49.95% | -49.21% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -42.28% | -18.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 33.87% | -11.10% |
Volatility
3GOL.L vs. BTC-USD - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to Bitcoin (BTC-USD) at 10.14%. 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 | 19.22% | 10.14% | +9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 34.17% | +32.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 35.51% | +39.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 44.98% | +7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 56.69% | -7.96% |
Frequently Asked Questions
3GOL.L and BTC-USD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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