3GOL.L vs. IQSE.DE
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while IQSE.DE is a Global Equities fund actively managed by Invesco. 3GOL.L is passively managed, while IQSE.DE is actively managed. Over the past 5 years, 3GOL.L returned 27.61%/yr vs 12.68%/yr for IQSE.DE. At a 0.20 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.30%/yr for IQSE.DE.
Performance
3GOL.L vs. IQSE.DE - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while IQSE.DE is traded in EUR. To make them comparable, the IQSE.DE 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 -38.07% return, which is significantly lower than IQSE.DE's 10.81% return.
3GOL.L
- 1D
- -0.05%
- 1M
- -11.73%
- 6M
- -50.85%
- YTD
- -38.07%
- 1Y
- 14.84%
- 3Y*
- 53.07%
- 5Y*
- 27.61%
- 10Y*
- 15.37%
- ALL TIME*
- 2.27%
IQSE.DE
- 1D
- -0.00%
- 1M
- -1.17%
- 6M
- 10.77%
- YTD
- 10.81%
- 1Y
- 25.32%
- 3Y*
- 22.32%
- 5Y*
- 12.68%
- 10Y*
- —
- ALL TIME*
- 14.60%
3GOL.L vs. IQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -38.07% | 236.16% | 60.51% | 20.28% | -13.87% | -21.60% | 50.85% | 16.46% |
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 10.81% | 34.37% | 17.03% | 26.28% | -19.50% | 16.84% | 16.69% | 7.12% |
Correlation
The correlation between 3GOL.L and IQSE.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.20 |
Over the past year, 3GOL.L and IQSE.DE have become more correlated (0.42) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
3GOL.L vs. IQSE.DE — Risk / Return Rank
3GOL.L
IQSE.DE
3GOL.L vs. IQSE.DE - 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 EUR PfHedged Acc (IQSE.DE). 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 | IQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.26 | -2.03 |
| Martin ratioReturn relative to average drawdown | 0.47 | 9.06 | -8.59 |
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Drawdowns
3GOL.L vs. IQSE.DE - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.81%, which is greater than IQSE.DE's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and IQSE.DE.
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Drawdown Indicators
| 3GOL.L | IQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -35.60% | -48.21% |
Max Drawdown (1Y)Largest decline over 1 year | -65.42% | -11.16% | -54.26% |
Max Drawdown (3Y)Largest decline over 3 years | -65.42% | -15.26% | -50.16% |
Max Drawdown (5Y)Largest decline over 5 years | -65.42% | -35.60% | -29.82% |
Max Drawdown (10Y)Largest decline over 10 years | -65.42% | — | — |
Current DrawdownCurrent decline from peak | -65.42% | -2.09% | -63.33% |
Average DrawdownAverage peak-to-trough decline | -60.95% | -6.82% | -54.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.42% | 2.79% | +28.63% |
Volatility
3GOL.L vs. IQSE.DE - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 20.52% compared to Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) at 3.86%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than IQSE.DE 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 | IQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.52% | 3.86% | +16.66% |
Volatility (6M)Calculated over the trailing 6-month period | 69.69% | 12.30% | +57.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.29% | 15.12% | +64.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.66% | 18.94% | +34.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.05% | 20.42% | +27.63% |
3GOL.L vs. IQSE.DE - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than IQSE.DE's 0.30% expense ratio.
Dividends
3GOL.L vs. IQSE.DE - Dividend Comparison
Neither 3GOL.L nor IQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and IQSE.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSE.DE is cheaper with a 0.30% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while IQSE.DE 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 IQSE.DE.
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