3USL.L vs. 3VT.L
3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) and 3VT.L (Leverage Shares 3x Long Total World ETP Securities GBP) are both Leveraged Equities funds. 3USL.L is passively managed, while 3VT.L is actively managed. Over the past 3 years, 3USL.L returned 50.50%/yr vs 40.17%/yr for 3VT.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.
Performance
3USL.L vs. 3VT.L - Performance Comparison
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Different Trading Currencies
3USL.L is traded in USD, while 3VT.L is traded in GBp. To make them comparable, the 3VT.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 25.13% return, which is significantly lower than 3VT.L's 27.04% return.
3USL.L
- 1D
- -0.02%
- 1M
- 12.76%
- YTD
- 25.13%
- 6M
- 26.49%
- 1Y
- 77.77%
- 3Y*
- 50.50%
- 5Y*
- 22.25%
- 10Y*
- 28.49%
3VT.L
- 1D
- -0.29%
- 1M
- 10.81%
- YTD
- 27.04%
- 6M
- 29.98%
- 1Y
- 71.36%
- 3Y*
- 40.17%
- 5Y*
- —
- 10Y*
- —
3USL.L vs. 3VT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 64.00% | 70.49% | -57.35% | 9.97% |
3VT.L Leverage Shares 3x Long Total World ETP Securities GBP | 27.04% | 38.29% | 30.18% | 50.74% | -54.02% | 0.00% |
Correlation
The correlation between 3USL.L and 3VT.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.83 |
The correlation between 3USL.L and 3VT.L has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
3USL.L vs. 3VT.L — Risk / Return Rank
3USL.L
3VT.L
3USL.L vs. 3VT.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 Long Total World ETP Securities GBP (3VT.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.
| 3USL.L | 3VT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.47 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.28 | 9.37 | +2.92 |
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 | 3VT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 1.85 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.23 | +0.37 |
Drawdowns
3USL.L vs. 3VT.L - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, which is greater than 3VT.L's maximum drawdown of -66.22%. Use the drawdown chart below to compare losses from any high point for 3USL.L and 3VT.L.
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Drawdown Indicators
| 3USL.L | 3VT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.72% | -66.22% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -25.29% | -28.71% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -48.69% | -46.55% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.72% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -2.15% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -15.26% | -28.86% | +13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.31% | 7.59% | -1.28% |
Volatility
3USL.L vs. 3VT.L - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 9.42%, while Leverage Shares 3x Long Total World ETP Securities GBP (3VT.L) has a volatility of 11.03%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than 3VT.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 | 3VT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 11.03% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 25.26% | 30.41% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.36% | 38.35% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 51.45% | -4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 51.45% | -2.94% |
3USL.L vs. 3VT.L - Expense Ratio Comparison
Both 3USL.L and 3VT.L have an expense ratio of 0.75%.
Dividends
3USL.L vs. 3VT.L - Dividend Comparison
Neither 3USL.L nor 3VT.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, 3USL.L and 3VT.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 3VT.L have the same expense ratio: 0.75% per year.
They also come from different issuers: WisdomTree and Leverage Shares.
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