BNP.DE vs. 3GOL.L
BNP.DE (BNP Paribas SA) is a stock, while 3GOL.L (WisdomTree Gold 3x Daily Leveraged) is Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). Over the past 10 years, BNP.DE returned 15.53%/yr vs 14.93%/yr for 3GOL.L. At a correlation of -0.10, they often move in opposite directions.
Performance
BNP.DE vs. 3GOL.L - Performance Comparison
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Different Trading Currencies
BNP.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, BNP.DE achieves a 27.24% return, which is significantly higher than 3GOL.L's -34.68% return. Both investments have delivered pretty close results over the past 10 years, with BNP.DE having a 15.53% annualized return and 3GOL.L not far behind at 14.93%.
BNP.DE
- 1D
- -0.79%
- 1M
- 7.86%
- YTD
- 27.24%
- 6M
- 28.75%
- 1Y
- 39.18%
- 3Y*
- 27.97%
- 5Y*
- 22.06%
- 10Y*
- 15.53%
3GOL.L
- 1D
- -4.66%
- 1M
- -32.87%
- YTD
- -34.68%
- 6M
- -37.75%
- 1Y
- 29.26%
- 3Y*
- 54.94%
- 5Y*
- 30.94%
- 10Y*
- 14.93%
BNP.DE vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNP.DE BNP Paribas SA | 27.24% | 51.68% | 0.14% | 25.22% | -5.20% | 43.70% | -18.15% | 44.71% | -33.28% | 8.28% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -34.68% | 196.27% | 71.10% | 16.67% | -8.54% | -15.74% | 38.42% | 50.69% | -8.31% | 9.71% |
Correlation
The correlation between BNP.DE and 3GOL.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | -0.10 |
The correlation between BNP.DE and 3GOL.L shifts across timeframes, from -0.10 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BNP.DE vs. 3GOL.L — Risk / Return Rank
BNP.DE
3GOL.L
BNP.DE vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas SA (BNP.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.
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.
| BNP.DE | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.46 | +1.52 |
| Martin ratioReturn relative to average drawdown | 5.09 | 1.10 | +3.99 |
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Drawdowns
BNP.DE vs. 3GOL.L - Drawdown Comparison
The maximum BNP.DE drawdown since its inception was -77.21%, roughly equal to the maximum 3GOL.L drawdown of -81.04%. Use the drawdown chart below to compare losses from any high point for BNP.DE and 3GOL.L.
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Drawdown Indicators
| BNP.DE | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.21% | -81.04% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -63.00% | +43.37% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -63.00% | +41.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.15% | -63.00% | +28.85% |
Max Drawdown (10Y)Largest decline over 10 years | -59.32% | -63.00% | +3.68% |
Current DrawdownCurrent decline from peak | -2.41% | -62.88% | +60.47% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -56.40% | +31.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 26.43% | -18.76% |
Volatility
BNP.DE vs. 3GOL.L - Volatility Comparison
The current volatility for BNP Paribas SA (BNP.DE) is 6.88%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 26.48%. This indicates that BNP.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
| BNP.DE | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 26.48% | -19.60% |
Volatility (6M)Calculated over the trailing 6-month period | 20.89% | 69.15% | -48.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 76.98% | -49.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.54% | 51.57% | -23.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.10% | 46.24% | -15.14% |
Dividends
BNP.DE vs. 3GOL.L - Dividend Comparison
BNP.DE's dividend yield for the trailing twelve months is around 5.14%, while 3GOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNP.DE BNP Paribas SA | 5.14% | 9.08% | 7.80% | 6.21% | 6.84% | 2.55% | 0.00% | 5.69% | 7.67% | 4.33% | 3.85% | 2.84% |
Frequently Asked Questions
BNP.DE and 3GOL.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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