BULP.L vs. 3GOL.L
BULP.L (WisdomTree Gold) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - BULP.L is a Precious Metals fund tracking the Gold, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). Both are passively managed. Over the past 10 years, BULP.L returned 12.01%/yr vs 22.56%/yr for 3GOL.L. A 0.76 correlation means they provide meaningful diversification when combined. BULP.L charges 0.49%/yr vs 0.99%/yr for 3GOL.L.
Performance
BULP.L vs. 3GOL.L - Performance Comparison
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Different Trading Currencies
BULP.L is traded in GBp, while 3GOL.L is traded in USD. To make them comparable, the 3GOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BULP.L achieves a 3.12% return, which is significantly higher than 3GOL.L's -10.00% return. Over the past 10 years, BULP.L has underperformed 3GOL.L with an annualized return of 12.01%, while 3GOL.L has yielded a comparatively higher 22.56% annualized return.
BULP.L
- 1D
- 0.71%
- 1M
- -1.50%
- YTD
- 3.12%
- 6M
- 4.39%
- 1Y
- 31.07%
- 3Y*
- 25.79%
- 5Y*
- 17.62%
- 10Y*
- 12.01%
3GOL.L
- 1D
- 1.95%
- 1M
- -7.90%
- YTD
- -10.00%
- 6M
- -7.29%
- 1Y
- 61.17%
- 3Y*
- 67.73%
- 5Y*
- 35.62%
- 10Y*
- 22.56%
BULP.L vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BULP.L WisdomTree Gold | 3.12% | 50.05% | 26.15% | 5.12% | 9.83% | -4.73% | 15.76% | 12.89% | 2.70% | 0.05% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -10.00% | 212.21% | 63.34% | 14.25% | -3.63% | -20.21% | 45.48% | 41.49% | -8.00% | 14.46% |
Correlation
The correlation between BULP.L and 3GOL.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013 | 0.76 |
The correlation between BULP.L and 3GOL.L shifts across timeframes, from 0.76 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BULP.L vs. 3GOL.L — Risk / Return Rank
BULP.L
3GOL.L
BULP.L vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) 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.
| BULP.L | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.23 | +0.50 |
| Martin ratioReturn relative to average drawdown | 4.57 | 2.80 | +1.77 |
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
| BULP.L | 3GOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.82 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.70 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.50 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.14 | +0.43 |
Drawdowns
BULP.L vs. 3GOL.L - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, smaller than the maximum 3GOL.L drawdown of -82.62%. Use the drawdown chart below to compare losses from any high point for BULP.L and 3GOL.L.
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Drawdown Indicators
| BULP.L | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -82.62% | +37.72% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -49.50% | +31.62% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -49.50% | +31.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -49.50% | +31.62% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -57.98% | +34.30% |
Current DrawdownCurrent decline from peak | -16.32% | -48.51% | +32.19% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -54.54% | +38.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 21.79% | -15.00% |
Volatility
BULP.L vs. 3GOL.L - Volatility Comparison
The current volatility for WisdomTree Gold (BULP.L) is 5.11%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 18.63%. This indicates that BULP.L 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
| BULP.L | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 18.63% | -13.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 65.58% | -45.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 73.84% | -50.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 50.78% | -34.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 47.63% | -31.40% |
BULP.L vs. 3GOL.L - Expense Ratio Comparison
BULP.L has a 0.49% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.
Dividends
BULP.L vs. 3GOL.L - Dividend Comparison
Neither BULP.L nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, BULP.L and 3GOL.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.
On fees, BULP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BULP.L is cheaper with a 0.49% expense ratio, compared with 0.99% for 3GOL.L.
BULP.L is categorized as Precious Metals, while 3GOL.L is Leveraged Commodities. BULP.L tracks Gold, while 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%). Their fees differ too: 0.49% for BULP.L and 0.99% for 3GOL.L.
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