CSWC vs. 3GOL.L

Last updated Jun 30, 2026

CSWC (Capital Southwest Corporation) 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, CSWC returned 17.25%/yr vs 15.21%/yr for 3GOL.L. At a 0.01 correlation, their price movements are largely independent.

Performance

CSWC vs. 3GOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Southwest Corporation (CSWC) and WisdomTree Gold 3x Daily Leveraged (3GOL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSWC achieves a 12.25% return, which is significantly higher than 3GOL.L's -36.55% return. Over the past 10 years, CSWC has outperformed 3GOL.L with an annualized return of 17.25%, while 3GOL.L has yielded a comparatively lower 15.21% annualized return.

CSWC

• 1D: 1.60%
• 1M: 2.39%
• YTD: 12.25%
• 6M: 13.58%
• 1Y: 20.53%
• 3Y*: 18.48%
• 5Y*: 12.18%
• 10Y*: 17.25%

3GOL.L

• 1D: -4.45%
• 1M: -34.28%
• YTD: -36.55%
• 6M: -39.67%
• 1Y: 25.90%
• 3Y*: 57.28%
• 5Y*: 29.93%
• 10Y*: 15.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSWC vs. 3GOL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSWC Capital Southwest Corporation	12.25%	14.28%	2.14%	56.10%	-24.63%	57.40%	-1.56%	22.80%	29.52%	9.99%
3GOL.L WisdomTree Gold 3x Daily Leveraged	-36.55%	236.16%	60.51%	20.28%	-13.87%	-21.60%	50.85%	47.36%	-12.42%	25.08%

Correlation

The correlation between CSWC and 3GOL.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012	0.01

Return for Risk

CSWC vs. 3GOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSWC

CSWC Risk / Return Rank: 71
CSWC Sharpe Ratio Rank: 76
CSWC Sortino Ratio Rank: 71
CSWC Omega Ratio Rank: 68
CSWC Calmar Ratio Rank: 69
CSWC Martin Ratio Rank: 75

3GOL.L

3GOL.L Risk / Return Rank: 15
3GOL.L Sharpe Ratio Rank: 13
3GOL.L Sortino Ratio Rank: 18
3GOL.L Omega Ratio Rank: 19
3GOL.L Calmar Ratio Rank: 13
3GOL.L Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSWC vs. 3GOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Southwest Corporation (CSWC) 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.

	CSWC	3GOL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.09	0.33	+0.76
Sortino ratio: Return per unit of downside risk	1.65	0.94	+0.70
Omega ratio: Gain probability vs. loss probability	1.20	1.13	+0.07
Calmar ratio: Return relative to maximum drawdown	1.31	0.40	+0.91
Martin ratio: Return relative to average drawdown	4.18	0.94	+3.24

CSWC vs. 3GOL.L - Sharpe Ratio Comparison

The current CSWC Sharpe Ratio is 1.09, which is higher than the 3GOL.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of CSWC and 3GOL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSWC vs. 3GOL.L - Drawdown Comparison

The maximum CSWC drawdown since its inception was -68.33%, smaller than the maximum 3GOL.L drawdown of -83.81%. Use the drawdown chart below to compare losses from any high point for CSWC and 3GOL.L.

Drawdown Indicators

	CSWC	3GOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-68.33%	-83.81%	+15.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.75%	-64.85%	+49.10%
Max Drawdown (3Y) Largest decline over 3 years	-27.74%	-64.85%	+37.11%
Max Drawdown (5Y) Largest decline over 5 years	-33.66%	-64.85%	+31.19%
Max Drawdown (10Y) Largest decline over 10 years	-61.15%	-64.85%	+3.70%
Current Drawdown Current decline from peak	-1.36%	-64.57%	+63.21%
Average Drawdown Average peak-to-trough decline	-18.33%	-60.94%	+42.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	27.34%	-22.42%

Volatility

CSWC vs. 3GOL.L - Volatility Comparison

The current volatility for Capital Southwest Corporation (CSWC) is 5.07%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 26.74%. This indicates that CSWC 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.

Volatility by Period

	CSWC	3GOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	26.74%	-21.67%
Volatility (6M) Calculated over the trailing 6-month period	14.21%	70.00%	-55.79%
Volatility (1Y) Calculated over the trailing 1-year period	18.93%	78.22%	-59.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	53.24%	-30.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.42%	47.88%	-20.46%

Dividends

CSWC vs. 3GOL.L - Dividend Comparison

CSWC's dividend yield for the trailing twelve months is around 10.89%, 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%
CSWC Capital Southwest Corporation	10.89%	11.56%	11.59%	10.21%	12.46%	10.13%	11.49%	13.07%	10.77%	7.01%	2.35%	216.86%

Frequently Asked Questions

Can I hold both CSWC and 3GOL.L in my portfolio?

CSWC and 3GOL.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.