3GOL.L vs. IQSA.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while IQSA.L is a Global Equities fund actively managed by Invesco. 3GOL.L is passively managed, while IQSA.L is actively managed. Over the past 5 years, 3GOL.L returned 29.93%/yr vs 14.53%/yr for IQSA.L. At a 0.15 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.30%/yr for IQSA.L.
Performance
3GOL.L vs. IQSA.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOL.L achieves a -36.55% return, which is significantly lower than IQSA.L's 14.47% return.
3GOL.L
- 1D
- -4.45%
- 1M
- -34.28%
- YTD
- -36.55%
- 6M
- -39.67%
- 1Y
- 25.90%
- 3Y*
- 57.28%
- 5Y*
- 29.93%
- 10Y*
- 15.21%
IQSA.L
- 1D
- 0.33%
- 1M
- 0.94%
- YTD
- 14.47%
- 6M
- 14.29%
- 1Y
- 28.97%
- 3Y*
- 23.37%
- 5Y*
- 14.53%
- 10Y*
- —
3GOL.L vs. IQSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -36.55% | 236.16% | 60.51% | 20.28% | -13.87% | -21.60% | 50.85% | 16.46% |
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.47% | 22.67% | 22.82% | 24.38% | -14.00% | 24.95% | 10.20% | 8.32% |
Correlation
The correlation between 3GOL.L and IQSA.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.15 |
Over the past year, 3GOL.L and IQSA.L have become more correlated (0.36) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
3GOL.L vs. IQSA.L — Risk / Return Rank
3GOL.L
IQSA.L
3GOL.L vs. IQSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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.
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 | IQSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 3.33 | -2.94 |
| Martin ratioReturn relative to average drawdown | 0.94 | 14.21 | -13.27 |
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Drawdowns
3GOL.L vs. IQSA.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.81%, which is greater than IQSA.L's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and IQSA.L.
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Drawdown Indicators
| 3GOL.L | IQSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -34.64% | -49.17% |
Max Drawdown (1Y)Largest decline over 1 year | -64.85% | -8.65% | -56.20% |
Max Drawdown (3Y)Largest decline over 3 years | -64.85% | -16.99% | -47.86% |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | -25.67% | -39.18% |
Max Drawdown (10Y)Largest decline over 10 years | -64.85% | — | — |
Current DrawdownCurrent decline from peak | -64.57% | -1.18% | -63.39% |
Average DrawdownAverage peak-to-trough decline | -60.94% | -4.88% | -56.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.34% | 2.03% | +25.31% |
Volatility
3GOL.L vs. IQSA.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 26.74% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) at 4.06%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.74% | 4.06% | +22.68% |
Volatility (6M)Calculated over the trailing 6-month period | 70.00% | 10.68% | +59.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.22% | 13.30% | +64.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.24% | 16.56% | +36.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.88% | 18.03% | +29.85% |
3GOL.L vs. IQSA.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than IQSA.L's 0.30% expense ratio.
Dividends
3GOL.L vs. IQSA.L - Dividend Comparison
Neither 3GOL.L nor IQSA.L has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and IQSA.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.L is cheaper with a 0.30% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while IQSA.L is Global Equities. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.99% for 3GOL.L and 0.30% for IQSA.L.
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