3GOL.L vs. OWL
3GOL.L (WisdomTree Gold 3x Daily Leveraged) is Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while OWL (Blue Owl Capital Inc.) is a stock. Over the past 5 years, 3GOL.L returned 29.93%/yr vs -3.88%/yr for OWL. At a 0.07 correlation, their price movements are largely independent.
Performance
3GOL.L vs. OWL - 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 higher than OWL's -40.47% 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%
OWL
- 1D
- -0.58%
- 1M
- -17.12%
- YTD
- -40.47%
- 6M
- -41.68%
- 1Y
- -53.07%
- 3Y*
- -5.39%
- 5Y*
- -3.88%
- 10Y*
- —
3GOL.L vs. OWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | -36.55% | 236.16% | 60.51% | 20.28% | -13.87% | -21.60% | 7.98% |
OWL Blue Owl Capital Inc. | -40.47% | -32.83% | 61.76% | 47.40% | -26.29% | 32.18% | 5.86% |
Correlation
The correlation between 3GOL.L and OWL is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.07 |
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Return for Risk
3GOL.L vs. OWL — Risk / Return Rank
3GOL.L
OWL
3GOL.L vs. OWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold 3x Daily Leveraged (3GOL.L) and Blue Owl Capital Inc. (OWL). 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 | OWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.78 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | -0.91 | +1.31 |
| Martin ratioReturn relative to average drawdown | 0.94 | -1.52 | +2.46 |
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Drawdowns
3GOL.L vs. OWL - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.81%, which is greater than OWL's maximum drawdown of -67.10%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and OWL.
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Drawdown Indicators
| 3GOL.L | OWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.81% | -67.10% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -64.85% | -58.59% | -6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -64.85% | -67.10% | +2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -64.85% | -67.10% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -64.85% | — | — |
Current DrawdownCurrent decline from peak | -64.57% | -65.14% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -60.94% | -24.41% | -36.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.34% | 35.05% | -7.71% |
Volatility
3GOL.L vs. OWL - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 26.74% compared to Blue Owl Capital Inc. (OWL) at 13.41%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than OWL 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 | OWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.74% | 13.41% | +13.33% |
Volatility (6M)Calculated over the trailing 6-month period | 70.00% | 34.97% | +35.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.22% | 44.46% | +33.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.24% | 42.07% | +11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.88% | 42.76% | +5.12% |
Dividends
3GOL.L vs. OWL - Dividend Comparison
3GOL.L has not paid dividends to shareholders, while OWL's dividend yield for the trailing twelve months is around 10.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OWL Blue Owl Capital Inc. | 10.62% | 5.72% | 2.92% | 3.69% | 4.06% | 0.87% |
Frequently Asked Questions
3GOL.L and OWL have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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