3USL.L vs. 3GOO.L

Last updated Jul 16, 2026

3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and 3GOO.L (Leverage Shares 3x Alphabet ETC GBP) are both Leveraged Equities funds - 3USL.L tracks the S&P 500 Net Total Returns Index while 3GOO.L tracks the iSTOXX Leveraged 3X GOOG Index. Both are passively managed. Over the past 5 years, 3USL.L returned 19.75%/yr vs 22.13%/yr for 3GOO.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

3USL.L vs. 3GOO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and Leverage Shares 3x Alphabet ETC GBP (3GOO.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3USL.L is traded in USD, while 3GOO.L is traded in GBp. To make them comparable, the 3GOO.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3USL.L achieves a 22.59% return, which is significantly lower than 3GOO.L's 32.21% 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%

3GOO.L

• 1D: 14.03%
• 1M: -2.69%
• 6M: 10.68%
• YTD: 32.21%
• 1Y: 436.54%
• 3Y*: 94.43%
• 5Y*: 22.13%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3USL.L vs. 3GOO.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%
3GOO.L Leverage Shares 3x Alphabet ETC GBP	32.21%	164.65%	77.33%	168.31%	-87.32%	288.64%	52.67%

Correlation

The correlation between 3USL.L and 3GOO.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.62

The correlation between 3USL.L and 3GOO.L shifts across timeframes, from 0.48 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

3USL.L vs. 3GOO.L - Sectors Allocation Comparison

Sectors	3USL.L	3GOO.L
Technology	36.9%	-
Financial Services	12.6%	-
Consumer Cyclical	10.7%	-
Communication Services	10.4%	100.0%
Healthcare	9.0%	-
Industrials	7.4%	-
Consumer Defensive	4.7%	-
Energy	2.8%	-
Utilities	2.3%	-
Real Estate	1.8%	-
Basic Materials	1.5%	-

Return for Risk

3USL.L vs. 3GOO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3USL.L

3USL.L Risk / Return Rank: 52
3USL.L Sharpe Ratio Rank: 53
3USL.L Sortino Ratio Rank: 54
3USL.L Omega Ratio Rank: 48
3USL.L Calmar Ratio Rank: 51
3USL.L Martin Ratio Rank: 56

3GOO.L

3GOO.L Risk / Return Rank: 95
3GOO.L Sharpe Ratio Rank: 98
3GOO.L Sortino Ratio Rank: 95
3GOO.L Omega Ratio Rank: 92
3GOO.L Calmar Ratio Rank: 97
3GOO.L Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3USL.L vs. 3GOO.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 ETC GBP (3GOO.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	3GOO.L	Difference
Sharpe ratio: Return per unit of total volatility	1.47	4.87	-3.40
Sortino ratio: Return per unit of downside risk	2.15	4.19	-2.04
Omega ratio: Gain probability vs. loss probability	1.25	1.49	-0.24
Calmar ratio: Return relative to maximum drawdown	2.09	8.26	-6.17
Martin ratio: Return relative to average drawdown	7.85	22.39	-14.54

3USL.L vs. 3GOO.L - Sharpe Ratio Comparison

The current 3USL.L Sharpe Ratio is 1.47, which is lower than the 3GOO.L Sharpe Ratio of 4.87. The chart below compares the historical Sharpe Ratios of 3USL.L and 3GOO.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3USL.L vs. 3GOO.L - Drawdown Comparison

The maximum 3USL.L drawdown since its inception was -76.72%, smaller than the maximum 3GOO.L drawdown of -89.39%. Use the drawdown chart below to compare losses from any high point for 3USL.L and 3GOO.L.

Drawdown Indicators

	3USL.L	3GOO.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.72%	-89.39%	+12.67%
Max Drawdown (1Y) Largest decline over 1 year	-25.29%	-52.44%	+27.15%
Max Drawdown (3Y) Largest decline over 3 years	-48.69%	-68.29%	+19.60%
Max Drawdown (5Y) Largest decline over 5 years	-63.46%	-89.39%	+25.93%
Max Drawdown (10Y) Largest decline over 10 years	-76.72%	—	—
Current Drawdown Current decline from peak	-3.82%	-25.04%	+21.22%
Average Drawdown Average peak-to-trough decline	-14.68%	-43.94%	+29.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.75%	19.37%	-12.62%

Volatility

3USL.L vs. 3GOO.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 ETC GBP (3GOO.L) has a volatility of 26.11%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than 3GOO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3USL.L	3GOO.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	26.11%	-17.28%
Volatility (6M) Calculated over the trailing 6-month period	27.74%	60.81%	-33.07%
Volatility (1Y) Calculated over the trailing 1-year period	35.86%	89.00%	-53.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.63%	92.62%	-44.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.40%	90.38%	-41.98%

3USL.L vs. 3GOO.L - Expense Ratio Comparison

Both 3USL.L and 3GOO.L have an expense ratio of 0.75%.

Dividends

3USL.L vs. 3GOO.L - Dividend Comparison

Neither 3USL.L nor 3GOO.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3USL.L and 3GOO.L in my portfolio?

3USL.L and 3GOO.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 3USL.L or 3GOO.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3USL.L or 3GOO.L?

3USL.L and 3GOO.L have the same expense ratio: 0.75% per year.

What is the main difference between 3USL.L and 3GOO.L?

3USL.L tracks S&P 500 Net Total Returns Index, while 3GOO.L tracks iSTOXX Leveraged 3X GOOG Index. They also come from different issuers: WisdomTree and Leverage Shares.