BULP.L vs. 3USL.L
BULP.L (WisdomTree Gold) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both exchange-traded funds - BULP.L is a Precious Metals fund tracking the Gold, while 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index. Both are passively managed. Over the past 10 years, BULP.L returned 12.01%/yr vs 29.45%/yr for 3USL.L. At a correlation of -0.06, they often move in opposite directions. BULP.L charges 0.49%/yr vs 0.75%/yr for 3USL.L.
Performance
BULP.L vs. 3USL.L - Performance Comparison
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Different Trading Currencies
BULP.L is traded in GBp, while 3USL.L is traded in USD. To make them comparable, the 3USL.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 lower than 3USL.L's 25.64% return. Over the past 10 years, BULP.L has underperformed 3USL.L with an annualized return of 12.01%, while 3USL.L has yielded a comparatively higher 29.45% 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%
3USL.L
- 1D
- -0.02%
- 1M
- 13.79%
- YTD
- 25.64%
- 6M
- 25.62%
- 1Y
- 79.49%
- 3Y*
- 46.72%
- 5Y*
- 23.57%
- 10Y*
- 29.45%
BULP.L vs. 3USL.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% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.64% | 19.79% | 66.86% | 61.97% | -52.27% | 103.68% | 4.72% | 90.45% | -23.03% | 54.69% |
Correlation
The correlation between BULP.L and 3USL.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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | -0.06 |
The correlation between BULP.L and 3USL.L shifts across timeframes, from -0.06 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BULP.L vs. 3USL.L — Risk / Return Rank
BULP.L
3USL.L
BULP.L vs. 3USL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Gold (BULP.L) and WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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 | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.16 | -1.43 |
| Martin ratioReturn relative to average drawdown | 4.57 | 11.66 | -7.10 |
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 | 3USL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 2.37 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.52 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.63 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.64 | -0.07 |
Drawdowns
BULP.L vs. 3USL.L - Drawdown Comparison
The maximum BULP.L drawdown since its inception was -44.90%, smaller than the maximum 3USL.L drawdown of -73.93%. Use the drawdown chart below to compare losses from any high point for BULP.L and 3USL.L.
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Drawdown Indicators
| BULP.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.90% | -73.93% | +29.03% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -25.03% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.88% | -49.79% | +31.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.88% | -55.89% | +38.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.68% | -73.93% | +50.25% |
Current DrawdownCurrent decline from peak | -16.32% | -1.47% | -14.85% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -14.38% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 6.79% | 0.00% |
Volatility
BULP.L vs. 3USL.L - Volatility Comparison
The current volatility for WisdomTree Gold (BULP.L) is 5.11%, while WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a volatility of 9.36%. This indicates that BULP.L experiences smaller price fluctuations and is considered to be less risky than 3USL.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 | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 9.36% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 24.34% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 33.30% | -9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 45.36% | -28.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 46.90% | -30.67% |
BULP.L vs. 3USL.L - Expense Ratio Comparison
BULP.L has a 0.49% expense ratio, which is lower than 3USL.L's 0.75% expense ratio.
Dividends
BULP.L vs. 3USL.L - Dividend Comparison
Neither BULP.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
BULP.L and 3USL.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.
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 0.75% for 3USL.L.
BULP.L is categorized as Precious Metals, while 3USL.L is Leveraged Equities. BULP.L tracks Gold, while 3USL.L tracks S&P 500 Net Total Returns Index. Their fees differ too: 0.49% for BULP.L and 0.75% for 3USL.L.
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