COPA.L vs. 3USL.L
COPA.L (WisdomTree Copper) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both exchange-traded funds - COPA.L is a Metals fund tracking the Bloomberg Copper Subindex, 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, COPA.L returned 10.33%/yr vs 28.49%/yr for 3USL.L. At a 0.33 correlation, their price movements are largely independent. COPA.L charges 0.49%/yr vs 0.75%/yr for 3USL.L.
Performance
COPA.L vs. 3USL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly lower than 3USL.L's 25.13% return. Over the past 10 years, COPA.L has underperformed 3USL.L with an annualized return of 10.33%, while 3USL.L has yielded a comparatively higher 28.49% annualized return.
COPA.L
- 1D
- 0.27%
- 1M
- 9.03%
- YTD
- 13.93%
- 6M
- 21.07%
- 1Y
- 30.28%
- 3Y*
- 19.08%
- 5Y*
- 7.06%
- 10Y*
- 10.33%
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%
COPA.L vs. 3USL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 25.13% | 28.97% | 64.00% | 70.49% | -57.35% | 101.77% | 7.89% | 97.98% | -27.34% | 69.34% |
Correlation
The correlation between COPA.L and 3USL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.33 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COPA.L vs. 3USL.L — Risk / Return Rank
COPA.L
3USL.L
COPA.L vs. 3USL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.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.
| COPA.L | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 3.06 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.57 | 12.28 | -9.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| COPA.L | 3USL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.25 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.47 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.60 | -0.51 |
Drawdowns
COPA.L vs. 3USL.L - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.44%, smaller than the maximum 3USL.L drawdown of -76.72%. Use the drawdown chart below to compare losses from any high point for COPA.L and 3USL.L.
Loading charts...
Drawdown Indicators
| COPA.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.44% | -76.72% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -25.25% | -25.29% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -48.69% | +23.44% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -63.47% | +28.83% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -76.72% | +37.97% |
Current DrawdownCurrent decline from peak | -2.26% | -1.82% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -33.24% | -15.26% | -17.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 6.31% | +5.42% |
Volatility
COPA.L vs. 3USL.L - Volatility Comparison
The current volatility for WisdomTree Copper (COPA.L) is 8.83%, while WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a volatility of 9.42%. This indicates that COPA.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.
Loading charts...
Volatility by Period
| COPA.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 9.42% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 25.26% | -6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.17% | 34.36% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 47.39% | -21.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 48.51% | -25.23% |
COPA.L vs. 3USL.L - Expense Ratio Comparison
COPA.L has a 0.49% expense ratio, which is lower than 3USL.L's 0.75% expense ratio.
Dividends
COPA.L vs. 3USL.L - Dividend Comparison
Neither COPA.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
COPA.L and 3USL.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA.L is cheaper with a 0.49% expense ratio, compared with 0.75% for 3USL.L.
COPA.L is categorized as Metals, while 3USL.L is Leveraged Equities. COPA.L tracks Bloomberg Copper Subindex, while 3USL.L tracks S&P 500 Net Total Returns Index. Their fees differ too: 0.49% for COPA.L and 0.75% for 3USL.L.
Find the right allocation for COPA.L and 3USL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer