3GOL.L vs. LQQ3.L

Last updated Jun 5, 2026

3GOL.L (WisdomTree Gold 3x Daily Leveraged) and LQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while LQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, 3GOL.L returned 34.18%/yr vs 26.79%/yr for LQQ3.L. At a 0.06 correlation, their price movements are largely independent. 3GOL.L charges 0.99%/yr vs 0.75%/yr for LQQ3.L.

Performance

3GOL.L vs. LQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Gold 3x Daily Leveraged (3GOL.L) and WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3GOL.L is traded in USD, while LQQ3.L is traded in GBp. To make them comparable, the LQQ3.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 LQQ3.L's 56.11% 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%

LQQ3.L

• 1D: -1.87%
• 1M: 25.99%
• YTD: 56.11%
• 6M: 52.13%
• 1Y: 124.82%
• 3Y*: 64.04%
• 5Y*: 26.79%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3GOL.L vs. LQQ3.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%	15.04%
LQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	56.11%	27.94%	59.80%	207.47%	-79.55%	88.13%	109.20%	130.73%	-21.54%	63.57%

Correlation

The correlation between 3GOL.L and LQQ3.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 16, 2017	0.06

The correlation between 3GOL.L and LQQ3.L shifts across timeframes, from 0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

3GOL.L vs. LQQ3.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3GOL.L

3GOL.L Risk / Return Rank: 25
3GOL.L Sharpe Ratio Rank: 23
3GOL.L Sortino Ratio Rank: 26
3GOL.L Omega Ratio Rank: 30
3GOL.L Calmar Ratio Rank: 25
3GOL.L Martin Ratio Rank: 22

LQQ3.L

LQQ3.L Risk / Return Rank: 72
LQQ3.L Sharpe Ratio Rank: 86
LQQ3.L Sortino Ratio Rank: 71
LQQ3.L Omega Ratio Rank: 69
LQQ3.L Calmar Ratio Rank: 72
LQQ3.L Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3GOL.L vs. LQQ3.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 NASDAQ 100 3x Daily Leveraged (LQQ3.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	LQQ3.L	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.68	-1.89
Sortino ratio: Return per unit of downside risk	1.37	3.12	-1.75
Omega ratio: Gain probability vs. loss probability	1.20	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.17	3.48	-2.31
Martin ratio: Return relative to average drawdown	2.61	11.00	-8.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3GOL.L vs. LQQ3.L - Sharpe Ratio Comparison

The current 3GOL.L Sharpe Ratio is 0.79, which is lower than the LQQ3.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of 3GOL.L and LQQ3.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	3GOL.L	LQQ3.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.68	-1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.44	+0.21
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	-0.56

Drawdowns

3GOL.L vs. LQQ3.L - Drawdown Comparison

The maximum 3GOL.L drawdown since its inception was -83.64%, roughly equal to the maximum LQQ3.L drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and LQQ3.L.

Drawdown Indicators

	3GOL.L	LQQ3.L	Difference
Max Drawdown Largest peak-to-trough decline	-83.64%	-81.30%	-2.34%
Max Drawdown (1Y) Largest decline over 1 year	-50.91%	-35.68%	-15.23%
Max Drawdown (3Y) Largest decline over 3 years	-50.91%	-58.28%	+7.37%
Max Drawdown (5Y) Largest decline over 5 years	-55.46%	-81.30%	+25.84%
Max Drawdown (10Y) Largest decline over 10 years	-63.92%	—	—
Current Drawdown Current decline from peak	-49.95%	-2.28%	-47.67%
Average Drawdown Average peak-to-trough decline	-60.53%	-24.18%	-36.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.77%	11.30%	+11.47%

Volatility

3GOL.L vs. LQQ3.L - Volatility Comparison

WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (LQQ3.L) at 13.98%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than LQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3GOL.L	LQQ3.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.22%	13.98%	+5.24%
Volatility (6M) Calculated over the trailing 6-month period	66.56%	34.00%	+32.56%
Volatility (1Y) Calculated over the trailing 1-year period	75.17%	46.34%	+28.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.72%	61.33%	-8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.73%	61.02%	-12.29%

3GOL.L vs. LQQ3.L - Expense Ratio Comparison

3GOL.L has a 0.99% expense ratio, which is higher than LQQ3.L's 0.75% expense ratio.

Dividends

3GOL.L vs. LQQ3.L - Dividend Comparison

Neither 3GOL.L nor LQQ3.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3GOL.L and LQQ3.L in my portfolio?

3GOL.L and LQQ3.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3GOL.L or LQQ3.L?

On fees, LQQ3.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3GOL.L or LQQ3.L?

LQQ3.L is cheaper with a 0.75% expense ratio, compared with 0.99% for 3GOL.L.

What is the main difference between 3GOL.L and LQQ3.L?

3GOL.L is categorized as Leveraged Commodities, while LQQ3.L is Nasdaq-100. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while LQQ3.L tracks NASDAQ-100 Notional Net Total Return Index. Their fees differ too: 0.99% for 3GOL.L and 0.75% for LQQ3.L.