CTEN.DE vs. 3GOL.L
CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - CTEN.DE is a Cryptocurrency fund actively managed by CoinShares, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). CTEN.DE is actively managed, while 3GOL.L is passively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs 67.48%/yr for 3GOL.L. At a 0.06 correlation, their price movements are largely independent. CTEN.DE charges 0.00%/yr vs 0.99%/yr for 3GOL.L.
Performance
CTEN.DE vs. 3GOL.L - Performance Comparison
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Different Trading Currencies
CTEN.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, CTEN.DE achieves a -30.10% return, which is significantly lower than 3GOL.L's -9.34% return.
CTEN.DE
- 1D
- -1.29%
- 1M
- -17.15%
- YTD
- -30.10%
- 6M
- -36.14%
- 1Y
- -36.76%
- 3Y*
- 17.30%
- 5Y*
- —
- 10Y*
- —
3GOL.L
- 1D
- 1.81%
- 1M
- -8.13%
- YTD
- -9.34%
- 6M
- -6.39%
- 1Y
- 56.95%
- 3Y*
- 67.48%
- 5Y*
- 35.42%
- 10Y*
- 21.38%
CTEN.DE vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CTEN.DE CoinShares Physical Top10 Crypto Market ETP | -30.10% | -19.43% | 96.51% | 53.65% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -9.34% | 196.27% | 71.13% | -0.76% |
Correlation
The correlation between CTEN.DE and 3GOL.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.06 |
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Return for Risk
CTEN.DE vs. 3GOL.L — Risk / Return Rank
CTEN.DE
3GOL.L
CTEN.DE vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Top10 Crypto Market ETP (CTEN.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.
| CTEN.DE | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.19 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.15 | -1.81 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.57 | -3.68 |
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
| CTEN.DE | 3GOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | 0.77 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.13 | +0.21 |
Drawdowns
CTEN.DE vs. 3GOL.L - Drawdown Comparison
The maximum CTEN.DE drawdown since its inception was -56.27%, smaller than the maximum 3GOL.L drawdown of -80.67%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and 3GOL.L.
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Drawdown Indicators
| CTEN.DE | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.27% | -80.67% | +24.40% |
Max Drawdown (1Y)Largest decline over 1 year | -56.27% | -49.40% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -56.27% | -49.40% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.04% | — |
Current DrawdownCurrent decline from peak | -55.40% | -48.49% | -6.91% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -55.09% | +36.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 22.06% | +11.65% |
Volatility
CTEN.DE vs. 3GOL.L - Volatility Comparison
The current volatility for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) is 9.77%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 18.63%. This indicates that CTEN.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
| CTEN.DE | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 18.63% | -8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 65.70% | -30.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.20% | 73.93% | -24.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.10% | 51.02% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.10% | 47.10% | +5.00% |
CTEN.DE vs. 3GOL.L - Expense Ratio Comparison
CTEN.DE has a 0.00% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.
Dividends
CTEN.DE vs. 3GOL.L - Dividend Comparison
Neither CTEN.DE nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
CTEN.DE and 3GOL.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTEN.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEN.DE is cheaper with a 0.00% expense ratio, compared with 0.99% for 3GOL.L.
CTEN.DE is categorized as Cryptocurrency, while 3GOL.L is Leveraged Commodities. They also come from different issuers: CoinShares and WisdomTree. Their fees differ too: 0.00% for CTEN.DE and 0.99% for 3GOL.L.
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