3NGS.L vs. GGRP.L
3NGS.L (WisdomTree Natural Gas 3x Daily Short) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) are both exchange-traded funds - 3NGS.L is a Inverse Commodities fund tracking the Solactive Natural Gas Commodity Futures SL Index, while GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, 3NGS.L returned -70.78%/yr vs 7.46%/yr for GGRP.L. At a correlation of -0.02, they often move in opposite directions. 3NGS.L charges 0.99%/yr vs 0.38%/yr for GGRP.L.
Performance
3NGS.L vs. GGRP.L - Performance Comparison
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Different Trading Currencies
3NGS.L is traded in USD, while GGRP.L is traded in GBp. To make them comparable, the GGRP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3NGS.L achieves a -49.12% return, which is significantly lower than GGRP.L's 4.55% return.
3NGS.L
- 1D
- -14.57%
- 1M
- -33.99%
- YTD
- -49.12%
- 6M
- 7.40%
- 1Y
- -24.98%
- 3Y*
- -37.85%
- 5Y*
- -70.78%
- 10Y*
- -58.00%
GGRP.L
- 1D
- 0.45%
- 1M
- 1.72%
- YTD
- 4.55%
- 6M
- 5.83%
- 1Y
- 15.21%
- 3Y*
- 12.32%
- 5Y*
- 7.46%
- 10Y*
- —
3NGS.L vs. GGRP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3NGS.L WisdomTree Natural Gas 3x Daily Short | -49.12% | -49.89% | -33.02% | 400.26% | -98.64% | -91.94% | -7.20% | 59.70% | -77.54% | 8.71% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 4.55% | 15.14% | 8.02% | 17.51% | -13.56% | 19.26% | 16.37% | 35.48% | -10.63% | 22.20% |
Correlation
The correlation between 3NGS.L and GGRP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2017 | -0.02 |
The correlation between 3NGS.L and GGRP.L shifts across timeframes, from -0.02 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
3NGS.L vs. GGRP.L — Risk / Return Rank
3NGS.L
GGRP.L
3NGS.L vs. GGRP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas 3x Daily Short (3NGS.L) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.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.
| 3NGS.L | GGRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.48 | -1.79 |
| Martin ratioReturn relative to average drawdown | -0.55 | 5.90 | -6.45 |
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
| 3NGS.L | GGRP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.32 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.53 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.86 | -1.22 |
Drawdowns
3NGS.L vs. GGRP.L - Drawdown Comparison
The maximum 3NGS.L drawdown since its inception was -100.00%, which is greater than GGRP.L's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for 3NGS.L and GGRP.L.
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Drawdown Indicators
| 3NGS.L | GGRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -30.97% | -69.03% |
Max Drawdown (1Y)Largest decline over 1 year | -78.50% | -10.21% | -68.29% |
Max Drawdown (3Y)Largest decline over 3 years | -94.96% | -15.31% | -79.65% |
Max Drawdown (5Y)Largest decline over 5 years | -99.92% | -25.16% | -74.76% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -84.44% | -4.79% | -79.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.06% | 2.57% | +40.49% |
Volatility
3NGS.L vs. GGRP.L - Volatility Comparison
WisdomTree Natural Gas 3x Daily Short (3NGS.L) has a higher volatility of 35.72% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) at 3.01%. This indicates that 3NGS.L's price experiences larger fluctuations and is considered to be riskier than GGRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3NGS.L | GGRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.72% | 3.01% | +32.71% |
Volatility (6M)Calculated over the trailing 6-month period | 128.12% | 9.09% | +119.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 151.54% | 11.47% | +140.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.45% | 14.31% | +154.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 148.09% | 17.44% | +130.65% |
3NGS.L vs. GGRP.L - Expense Ratio Comparison
3NGS.L has a 0.99% expense ratio, which is higher than GGRP.L's 0.38% expense ratio.
Dividends
3NGS.L vs. GGRP.L - Dividend Comparison
3NGS.L has not paid dividends to shareholders, while GGRP.L's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
3NGS.L WisdomTree Natural Gas 3x Daily Short | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 0.01% | 0.01% | 0.54% | 1.86% | 2.42% | 1.60% | 1.46% | 1.88% | 2.13% | 1.41% |
Frequently Asked Questions
3NGS.L and GGRP.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGRP.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGRP.L is cheaper with a 0.38% expense ratio, compared with 0.99% for 3NGS.L.
3NGS.L is categorized as Inverse Commodities, while GGRP.L is Global Equities. 3NGS.L tracks Solactive Natural Gas Commodity Futures SL Index, while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. Their fees differ too: 0.99% for 3NGS.L and 0.38% for GGRP.L.
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