IQSE.DE vs. 3GOL.L
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - IQSE.DE is a Global Equities fund actively managed by Invesco, while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). IQSE.DE is actively managed, while 3GOL.L is passively managed. Over the past 5 years, IQSE.DE returned 13.42%/yr vs 28.45%/yr for 3GOL.L. At a 0.08 correlation, their price movements are largely independent. IQSE.DE charges 0.30%/yr vs 0.99%/yr for 3GOL.L.
Performance
IQSE.DE vs. 3GOL.L - Performance Comparison
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Different Trading Currencies
IQSE.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, IQSE.DE achieves a 14.06% return, which is significantly higher than 3GOL.L's -36.27% return.
IQSE.DE
- 1D
- 0.22%
- 1M
- -0.67%
- 6M
- 13.03%
- YTD
- 14.06%
- 1Y
- 27.65%
- 3Y*
- 21.28%
- 5Y*
- 13.42%
- 10Y*
- —
- ALL TIME*
- 14.23%
3GOL.L
- 1D
- 0.16%
- 1M
- -11.33%
- 6M
- -49.86%
- YTD
- -36.27%
- 1Y
- 16.92%
- 3Y*
- 51.76%
- 5Y*
- 28.45%
- 10Y*
- 14.92%
- ALL TIME*
- 3.40%
IQSE.DE vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 14.06% | 19.02% | 24.13% | 22.41% | -14.80% | 26.85% | 6.30% | 6.70% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -36.27% | 196.27% | 71.10% | 16.67% | -8.54% | -15.74% | 38.42% | 15.78% |
Correlation
The correlation between IQSE.DE and 3GOL.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.08 |
Over the past year, IQSE.DE and 3GOL.L have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IQSE.DE vs. 3GOL.L — Risk / Return Rank
IQSE.DE
3GOL.L
IQSE.DE vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.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.
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.
| IQSE.DE | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.11 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 0.26 | +3.13 |
| Martin ratioReturn relative to average drawdown | 14.27 | 0.56 | +13.71 |
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Drawdowns
IQSE.DE vs. 3GOL.L - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, smaller than the maximum 3GOL.L drawdown of -81.04%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and 3GOL.L.
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Drawdown Indicators
| IQSE.DE | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -81.04% | +47.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -63.85% | +55.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -63.85% | +45.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -63.85% | +40.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.85% | — |
Current DrawdownCurrent decline from peak | -1.29% | -63.79% | +62.50% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -56.43% | +51.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 30.43% | -28.50% |
Volatility
IQSE.DE vs. 3GOL.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) is 3.50%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 20.30%. This indicates that IQSE.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
| IQSE.DE | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 20.30% | -16.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 68.85% | -58.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 78.10% | -65.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 51.99% | -36.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 46.41% | -28.86% |
IQSE.DE vs. 3GOL.L - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.
Dividends
IQSE.DE vs. 3GOL.L - Dividend Comparison
Neither IQSE.DE nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
IQSE.DE and 3GOL.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSE.DE is cheaper with a 0.30% expense ratio, compared with 0.99% for 3GOL.L.
IQSE.DE is categorized as Global Equities, while 3GOL.L is Leveraged Commodities. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.30% for IQSE.DE and 0.99% for 3GOL.L.
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