3GOL.L vs. GGRP.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, 3GOL.L returned 34.18%/yr vs 7.46%/yr for GGRP.L. At a 0.15 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.38%/yr for GGRP.L.
Performance
3GOL.L vs. GGRP.L - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while GGRP.L is traded in GBp. To make them comparable, the GGRP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3GOL.L achieves a -10.37% return, which is significantly lower than GGRP.L's 4.55% 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%
GGRP.L
- 1D
- 0.44%
- 1M
- 3.87%
- YTD
- 4.55%
- 6M
- 6.12%
- 1Y
- 15.21%
- 3Y*
- 12.32%
- 5Y*
- 7.46%
- 10Y*
- —
3GOL.L vs. GGRP.L - 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% | 3.82% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 4.55% | 15.14% | 8.02% | 17.51% | -13.56% | 19.26% | 16.37% | 35.48% | -10.63% | 22.20% |
Correlation
The correlation between 3GOL.L and GGRP.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2017 | 0.15 |
The correlation between 3GOL.L and GGRP.L shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3GOL.L vs. GGRP.L — Risk / Return Rank
3GOL.L
GGRP.L
3GOL.L vs. GGRP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.48 | -0.32 |
| Martin ratioReturn relative to average drawdown | 2.61 | 5.90 | -3.29 |
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 | GGRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.32 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.53 | +0.12 |
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 | 0.86 | -0.76 |
Drawdowns
3GOL.L vs. GGRP.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than GGRP.L's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and GGRP.L.
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Drawdown Indicators
| 3GOL.L | GGRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -30.97% | -52.67% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -10.21% | -40.70% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -15.31% | -35.60% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | -25.16% | -30.30% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -49.95% | 0.00% | -49.95% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -4.79% | -55.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 2.57% | +20.20% |
Volatility
3GOL.L vs. GGRP.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) at 3.01%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 3.01% | +16.21% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 9.09% | +57.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 11.47% | +63.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 14.31% | +38.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 17.44% | +31.29% |
3GOL.L vs. GGRP.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than GGRP.L's 0.38% expense ratio.
Dividends
3GOL.L vs. GGRP.L - Dividend Comparison
3GOL.L has not paid dividends to shareholders, while GGRP.L's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 0.01% | 0.01% | 0.54% | 1.86% | 2.42% | 1.60% | 1.46% | 1.88% | 2.13% | 1.41% |
Frequently Asked Questions
3GOL.L and GGRP.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGRP.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGRP.L is cheaper with a 0.38% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while GGRP.L is Global Equities. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. Their fees differ too: 0.99% for 3GOL.L and 0.38% for GGRP.L.
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