HDX1.DE vs. 3GOL.L
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - HDX1.DE is a Cryptocurrency fund tracking the Nasdaq Crypto Index, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). Both are passively managed. Over the past 3 years, HDX1.DE returned 19.62%/yr vs 67.48%/yr for 3GOL.L. At a 0.07 correlation, their price movements are largely independent. HDX1.DE charges 1.00%/yr vs 0.99%/yr for 3GOL.L.
Performance
HDX1.DE vs. 3GOL.L - Performance Comparison
Loading charts...
Different Trading Currencies
HDX1.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, HDX1.DE achieves a -29.97% return, which is significantly lower than 3GOL.L's -9.34% return.
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 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%
HDX1.DE vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -9.33% | 196.27% | 71.13% | 16.66% | 6.87% |
Correlation
The correlation between HDX1.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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.07 |
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
HDX1.DE vs. 3GOL.L — Risk / Return Rank
HDX1.DE
3GOL.L
HDX1.DE vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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.
| HDX1.DE | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.19 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.15 | -1.94 |
| Martin ratioReturn relative to average drawdown | -1.36 | 2.57 | -3.93 |
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
| HDX1.DE | 3GOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | 0.77 | -1.73 |
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 | 0.39 | 0.13 | +0.25 |
Drawdowns
HDX1.DE vs. 3GOL.L - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -53.03%, smaller than the maximum 3GOL.L drawdown of -80.67%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and 3GOL.L.
Loading charts...
Drawdown Indicators
| HDX1.DE | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.03% | -80.67% | +27.64% |
Max Drawdown (1Y)Largest decline over 1 year | -53.03% | -49.40% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -53.03% | -49.40% | -3.63% |
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 | -53.03% | -48.49% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -55.09% | +39.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.87% | 22.06% | +8.81% |
Volatility
HDX1.DE vs. 3GOL.L - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 10.07%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 18.63%. This indicates that HDX1.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.
Loading charts...
Volatility by Period
| HDX1.DE | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 18.63% | -8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 32.86% | 65.70% | -32.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.43% | 73.93% | -30.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.02% | 51.02% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.02% | 47.10% | +3.92% |
HDX1.DE vs. 3GOL.L - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is higher than 3GOL.L's 0.99% expense ratio.
Dividends
HDX1.DE vs. 3GOL.L - Dividend Comparison
Neither HDX1.DE nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
HDX1.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, 3GOL.L is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3GOL.L is cheaper with a 0.99% expense ratio, compared with 1.00% for HDX1.DE.
HDX1.DE is categorized as Cryptocurrency, while 3GOL.L is Leveraged Commodities. HDX1.DE tracks Nasdaq Crypto Index, while 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%). They also come from different issuers: Hashdex and WisdomTree. Their fees differ too: 1.00% for HDX1.DE and 0.99% for 3GOL.L.
Find the right allocation for HDX1.DE and 3GOL.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