3GOL.L vs. SGBX.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and SGBX.L (WisdomTree Physical Swiss Gold) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while SGBX.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, 3GOL.L returned 34.18%/yr vs 18.58%/yr for SGBX.L. Their correlation of 0.88 suggests significant overlap in exposure. 3GOL.L charges 0.99%/yr vs 0.15%/yr for SGBX.L.
Performance
3GOL.L vs. SGBX.L - Performance Comparison
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Different Trading Currencies
3GOL.L is traded in USD, while SGBX.L is traded in GBp. To make them comparable, the SGBX.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 SGBX.L's 3.61% 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%
SGBX.L
- 1D
- 0.73%
- 1M
- -2.22%
- YTD
- 3.61%
- 6M
- 6.05%
- 1Y
- 32.23%
- 3Y*
- 31.38%
- 5Y*
- 18.58%
- 10Y*
- —
3GOL.L vs. SGBX.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% | 1.67% |
SGBX.L WisdomTree Physical Swiss Gold | 3.61% | 65.13% | 26.00% | 12.90% | 0.58% | -4.47% | 23.68% | 19.27% | -1.56% | 3.48% |
Correlation
The correlation between 3GOL.L and SGBX.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017 | 0.88 |
The correlation between 3GOL.L and SGBX.L has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.
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Return for Risk
3GOL.L vs. SGBX.L — Risk / Return Rank
3GOL.L
SGBX.L
3GOL.L vs. SGBX.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 Physical Swiss Gold (SGBX.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 | SGBX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.79 | -0.62 |
| Martin ratioReturn relative to average drawdown | 2.61 | 4.65 | -2.04 |
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 | SGBX.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 | 1.06 | -0.41 |
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 | 0.91 | -0.80 |
Drawdowns
3GOL.L vs. SGBX.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, which is greater than SGBX.L's maximum drawdown of -21.49%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and SGBX.L.
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Drawdown Indicators
| 3GOL.L | SGBX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -21.49% | -62.15% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -17.95% | -32.96% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -17.95% | -32.96% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | -21.46% | -34.00% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -49.95% | -16.14% | -33.81% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -6.03% | -54.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 6.92% | +15.85% |
Volatility
3GOL.L vs. SGBX.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to WisdomTree Physical Swiss Gold (SGBX.L) at 5.72%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than SGBX.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 | SGBX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 5.72% | +13.50% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 20.97% | +45.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 24.27% | +50.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 17.48% | +35.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 15.99% | +32.74% |
3GOL.L vs. SGBX.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than SGBX.L's 0.15% expense ratio.
Dividends
3GOL.L vs. SGBX.L - Dividend Comparison
Neither 3GOL.L nor SGBX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, 3GOL.L and SGBX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SGBX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGBX.L is cheaper with a 0.15% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while SGBX.L is Precious Metals. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while SGBX.L tracks Gold. Their fees differ too: 0.99% for 3GOL.L and 0.15% for SGBX.L.
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