3USL.L vs. ^GSPC
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) is Leveraged Equities fund tracking the S&P 500 Net Total Returns Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, 3USL.L returned 28.84%/yr vs 13.66%/yr for ^GSPC. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
3USL.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, 3USL.L achieves a 25.15% return, which is significantly higher than ^GSPC's 10.35% return. Over the past 10 years, 3USL.L has outperformed ^GSPC with an annualized return of 28.84%, while ^GSPC has yielded a comparatively lower 13.66% annualized return.
3USL.L
- 1D
- -1.80%
- 1M
- 12.47%
- YTD
- 25.15%
- 6M
- 26.35%
- 1Y
- 79.45%
- 3Y*
- 50.92%
- 5Y*
- 22.25%
- 10Y*
- 28.84%
^GSPC
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
3USL.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.15% | 28.97% | 64.00% | 70.49% | -57.35% | 101.77% | 7.89% | 97.98% | -27.34% | 69.34% |
^GSPC S&P 500 Index | 10.35% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between 3USL.L and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.56 |
The correlation between 3USL.L and ^GSPC has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
3USL.L vs. ^GSPC — Risk / Return Rank
3USL.L
^GSPC
3USL.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and S&P 500 Index (^GSPC). 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.
| 3USL.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.93 | +0.20 |
| Martin ratioReturn relative to average drawdown | 12.55 | 13.52 | -0.97 |
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
| 3USL.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.24 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.73 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.76 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.47 | +0.12 |
Drawdowns
3USL.L vs. ^GSPC - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for 3USL.L and ^GSPC.
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Drawdown Indicators
| 3USL.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -56.78% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -9.10% | -16.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -18.90% | -29.79% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | -25.43% | -38.04% |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | -33.92% | -42.80% |
Current DrawdownCurrent decline from peak | -1.80% | -0.74% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -10.72% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 1.97% | +4.34% |
Volatility
3USL.L vs. ^GSPC - Volatility Comparison
WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a higher volatility of 9.44% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that 3USL.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3USL.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.44% | 2.93% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 25.27% | 8.99% | +16.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.49% | 11.89% | +22.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 16.90% | +30.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 18.06% | +30.45% |
Frequently Asked Questions
3USL.L and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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