ARAW.DE vs. 3GOL.L
ARAW.DE (abrdn Future Raw Materials UCITS ETF) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - ARAW.DE is a Materials fund actively managed by abrdn, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). ARAW.DE is actively managed, while 3GOL.L is passively managed. Over the past year, ARAW.DE returned 137.40% vs 56.95% for 3GOL.L. At a 0.49 correlation, their price movements are largely independent. ARAW.DE charges 0.45%/yr vs 0.99%/yr for 3GOL.L.
Performance
ARAW.DE vs. 3GOL.L - Performance Comparison
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Different Trading Currencies
ARAW.DE is traded in EUR, while 3GOL.L is traded in USD. To make them comparable, the 3GOL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARAW.DE achieves a 26.31% return, which is significantly higher than 3GOL.L's -9.34% return.
ARAW.DE
- 1D
- -2.07%
- 1M
- 2.74%
- YTD
- 26.31%
- 6M
- 36.73%
- 1Y
- 137.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3GOL.L
- 1D
- 1.81%
- 1M
- -8.13%
- YTD
- -9.34%
- 6M
- -6.39%
- 1Y
- 56.95%
- 3Y*
- 67.48%
- 5Y*
- 35.42%
- 10Y*
- 21.38%
ARAW.DE vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARAW.DE abrdn Future Raw Materials UCITS ETF | 26.31% | 94.76% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -9.34% | 87.14% |
Correlation
The correlation between ARAW.DE and 3GOL.L is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | 0.49 |
The correlation between ARAW.DE and 3GOL.L has been stable across timeframes, ranging from 0.49 to 0.50 - a consistent structural relationship.
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Return for Risk
ARAW.DE vs. 3GOL.L — Risk / Return Rank
ARAW.DE
3GOL.L
ARAW.DE vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Future Raw Materials UCITS ETF (ARAW.DE) and WisdomTree Gold 3x Daily Leveraged (3GOL.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.
| ARAW.DE | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.19 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 1.15 | +5.55 |
| Martin ratioReturn relative to average drawdown | 25.81 | 2.57 | +23.23 |
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
| ARAW.DE | 3GOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.36 | 0.77 | +3.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.33 | 0.13 | +4.19 |
Drawdowns
ARAW.DE vs. 3GOL.L - Drawdown Comparison
The maximum ARAW.DE drawdown since its inception was -20.41%, smaller than the maximum 3GOL.L drawdown of -80.67%. Use the drawdown chart below to compare losses from any high point for ARAW.DE and 3GOL.L.
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Drawdown Indicators
| ARAW.DE | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -80.67% | +60.26% |
Max Drawdown (1Y)Largest decline over 1 year | -20.41% | -49.40% | +28.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.04% | — |
Current DrawdownCurrent decline from peak | -4.46% | -48.49% | +44.03% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -55.09% | +51.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 22.06% | -16.76% |
Volatility
ARAW.DE vs. 3GOL.L - Volatility Comparison
The current volatility for abrdn Future Raw Materials UCITS ETF (ARAW.DE) is 11.01%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 18.63%. This indicates that ARAW.DE experiences smaller price fluctuations and is considered to be less risky than 3GOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARAW.DE | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 18.63% | -7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.93% | 65.70% | -39.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.38% | 73.93% | -42.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 51.02% | -20.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.66% | 47.10% | -16.44% |
ARAW.DE vs. 3GOL.L - Expense Ratio Comparison
ARAW.DE has a 0.45% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.
Dividends
ARAW.DE vs. 3GOL.L - Dividend Comparison
Neither ARAW.DE nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
ARAW.DE and 3GOL.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ARAW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ARAW.DE is cheaper with a 0.45% expense ratio, compared with 0.99% for 3GOL.L.
ARAW.DE is categorized as Materials, while 3GOL.L is Leveraged Commodities. They also come from different issuers: abrdn and WisdomTree. Their fees differ too: 0.45% for ARAW.DE and 0.99% for 3GOL.L.
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