3GOL.L vs. CPXR
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and CPXR (USCF Daily Target 2X Copper Index ETF) are both Leveraged Commodities funds - 3GOL.L tracks the Solactive Gold Commodity Futures SL Index (300%) while CPXR tracks the SummerHaven Copper Index. Both are passively managed. Over the past year, 3GOL.L returned 59.63% vs 37.76% for CPXR. At a 0.38 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 1.20%/yr for CPXR.
Performance
3GOL.L vs. CPXR - 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 CPXR's 23.00% 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%
CPXR
- 1D
- 1.15%
- 1M
- 18.64%
- YTD
- 23.00%
- 6M
- 37.84%
- 1Y
- 37.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOL.L vs. CPXR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.37% | 186.69% |
CPXR USCF Daily Target 2X Copper Index ETF | 23.00% | 36.03% |
Correlation
The correlation between 3GOL.L and CPXR is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025 | 0.38 |
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Return for Risk
3GOL.L vs. CPXR — Risk / Return Rank
3GOL.L
CPXR
3GOL.L vs. CPXR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and USCF Daily Target 2X Copper Index ETF (CPXR). 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 | CPXR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.79 | +0.37 |
| Martin ratioReturn relative to average drawdown | 2.61 | 1.46 | +1.15 |
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 | CPXR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.55 | +0.24 |
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 | 0.67 | -0.57 |
Drawdowns
3GOL.L vs. CPXR - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than CPXR's maximum drawdown of -47.87%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and CPXR.
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Drawdown Indicators
| 3GOL.L | CPXR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -47.87% | -35.77% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -47.87% | -3.04% |
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% | -4.01% | -45.94% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -19.83% | -40.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 25.94% | -3.17% |
Volatility
3GOL.L vs. CPXR - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) and USCF Daily Target 2X Copper Index ETF (CPXR) have volatilities of 19.22% and 18.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3GOL.L | CPXR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 18.49% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 45.25% | +21.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 68.77% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 68.51% | -15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 68.51% | -19.78% |
3GOL.L vs. CPXR - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is lower than CPXR's 1.20% expense ratio.
Dividends
3GOL.L vs. CPXR - Dividend Comparison
3GOL.L has not paid dividends to shareholders, while CPXR's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 |
|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | 0.00% | 0.00% |
CPXR USCF Daily Target 2X Copper Index ETF | 0.57% | 0.70% |
Frequently Asked Questions
3GOL.L and CPXR have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3GOL.L is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3GOL.L is cheaper with a 0.99% expense ratio, compared with 1.20% for CPXR.
3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while CPXR tracks SummerHaven Copper Index. They also come from different issuers: WisdomTree and USCF. Their fees differ too: 0.99% for 3GOL.L and 1.20% for CPXR.
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