3GOL.L vs. SLVR.L
3GOL.L (WisdomTree Gold 3x Daily Leveraged) and SLVR.L (WisdomTree Silver) are both exchange-traded funds - 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%), while SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, 3GOL.L returned 21.65%/yr vs 13.50%/yr for SLVR.L. A 0.69 correlation means they provide meaningful diversification when combined. 3GOL.L charges 0.99%/yr vs 0.49%/yr for SLVR.L.
Performance
3GOL.L vs. SLVR.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3GOL.L achieves a -10.37% return, which is significantly lower than SLVR.L's 3.62% return. Over the past 10 years, 3GOL.L has outperformed SLVR.L with an annualized return of 21.65%, while SLVR.L has yielded a comparatively lower 13.50% annualized 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%
SLVR.L
- 1D
- 0.43%
- 1M
- -0.02%
- YTD
- 3.62%
- 6M
- 28.48%
- 1Y
- 109.37%
- 3Y*
- 43.40%
- 5Y*
- 19.20%
- 10Y*
- 13.50%
3GOL.L vs. SLVR.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% | 25.08% |
SLVR.L WisdomTree Silver | 3.62% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
Correlation
The correlation between 3GOL.L and SLVR.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | 0.69 |
The correlation between 3GOL.L and SLVR.L has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
3GOL.L vs. SLVR.L — Risk / Return Rank
3GOL.L
SLVR.L
3GOL.L vs. SLVR.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 Silver (SLVR.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 | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.67 | -1.50 |
| Martin ratioReturn relative to average drawdown | 2.61 | 5.81 | -3.20 |
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 | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.85 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.52 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.42 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.22 | -0.11 |
Drawdowns
3GOL.L vs. SLVR.L - Drawdown Comparison
The maximum 3GOL.L drawdown since its inception was -83.64%, roughly equal to the maximum SLVR.L drawdown of -79.93%. Use the drawdown chart below to compare losses from any high point for 3GOL.L and SLVR.L.
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Drawdown Indicators
| 3GOL.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.64% | -79.93% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -50.91% | -40.74% | -10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -50.91% | -40.74% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -55.46% | -40.74% | -14.72% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -46.90% | -17.02% |
Current DrawdownCurrent decline from peak | -49.95% | -35.42% | -14.53% |
Average DrawdownAverage peak-to-trough decline | -60.53% | -49.43% | -11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.77% | 18.74% | +4.03% |
Volatility
3GOL.L vs. SLVR.L - Volatility Comparison
WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a higher volatility of 19.22% compared to WisdomTree Silver (SLVR.L) at 17.68%. This indicates that 3GOL.L's price experiences larger fluctuations and is considered to be riskier than SLVR.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 | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 17.68% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 66.56% | 56.07% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.17% | 58.81% | +16.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.72% | 36.80% | +15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.73% | 31.95% | +16.78% |
3GOL.L vs. SLVR.L - Expense Ratio Comparison
3GOL.L has a 0.99% expense ratio, which is higher than SLVR.L's 0.49% expense ratio.
Dividends
3GOL.L vs. SLVR.L - Dividend Comparison
Neither 3GOL.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
3GOL.L and SLVR.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVR.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.L is cheaper with a 0.49% expense ratio, compared with 0.99% for 3GOL.L.
3GOL.L is categorized as Leveraged Commodities, while SLVR.L is Silver. 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%), while SLVR.L tracks Bloomberg Silver Subindex. Their fees differ too: 0.99% for 3GOL.L and 0.49% for SLVR.L.
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