3USL.L vs. 3GOE.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and 3GOE.L (Leverage Shares 3x Alphabet ETP Scs) are both Leveraged Equities funds - 3USL.L tracks the S&P 500 Net Total Returns Index while 3GOE.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 3USL.L returned 19.75%/yr vs 20.01%/yr for 3GOE.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
3USL.L vs. 3GOE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 3USL.L achieves a 22.59% return, which is significantly higher than 3GOE.L's 20.71% return.
3USL.L
- 1D
- 0.64%
- 1M
- -1.12%
- 6M
- 21.60%
- YTD
- 22.59%
- 1Y
- 53.10%
- 3Y*
- 42.60%
- 5Y*
- 19.75%
- 10Y*
- 27.42%
3GOE.L
- 1D
- 0.00%
- 1M
- -13.16%
- 6M
- 0.13%
- YTD
- 20.71%
- 1Y
- 383.29%
- 3Y*
- 85.73%
- 5Y*
- 20.01%
- 10Y*
- —
3USL.L vs. 3GOE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 22.59% | 28.97% | 63.99% | 70.50% | -57.35% | 101.78% | 62.43% |
3GOE.L Leverage Shares 3x Alphabet ETP Scs | 20.71% | 133.65% | 89.16% | 159.88% | -86.56% | 320.07% | 40.96% |
Correlation
The correlation between 3USL.L and 3GOE.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.61 |
The correlation between 3USL.L and 3GOE.L shifts across timeframes, from 0.46 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
3USL.L vs. 3GOE.L — Risk / Return Rank
3USL.L
3GOE.L
3USL.L vs. 3GOE.L - 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 Leverage Shares 3x Alphabet ETP Scs (3GOE.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.
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.
| 3USL.L | 3GOE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 7.49 | -5.40 |
| Martin ratioReturn relative to average drawdown | 7.85 | 20.23 | -12.38 |
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Drawdowns
3USL.L vs. 3GOE.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum 3GOE.L drawdown of -88.62%. Use the drawdown chart below to compare losses from any high point for 3USL.L and 3GOE.L.
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Drawdown Indicators
| 3USL.L | 3GOE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -88.62% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -51.18% | +25.89% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -69.84% | +21.15% |
Max Drawdown (5Y)Largest decline over 5 years | -63.46% | -88.62% | +25.16% |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | — | — |
Current DrawdownCurrent decline from peak | -3.82% | -32.13% | +28.31% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -43.08% | +28.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 18.95% | -12.20% |
Volatility
3USL.L vs. 3GOE.L - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 8.83%, while Leverage Shares 3x Alphabet ETP Scs (3GOE.L) has a volatility of 29.11%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than 3GOE.L 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 | 3GOE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 29.11% | -20.28% |
Volatility (6M)Calculated over the trailing 6-month period | 27.74% | 62.43% | -34.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.86% | 91.72% | -55.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.63% | 90.84% | -43.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.40% | 88.90% | -40.50% |
3USL.L vs. 3GOE.L - Expense Ratio Comparison
Both 3USL.L and 3GOE.L have an expense ratio of 0.75%.
Dividends
3USL.L vs. 3GOE.L - Dividend Comparison
Neither 3USL.L nor 3GOE.L has paid dividends to shareholders.
Frequently Asked Questions
3USL.L and 3GOE.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
3USL.L and 3GOE.L have the same expense ratio: 0.75% per year.
3USL.L tracks S&P 500 Net Total Returns Index, while 3GOE.L tracks iSTOXX Leveraged 3X GOOG Index. They also come from different issuers: WisdomTree and Leverage Shares.
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