MSTR vs. 3GOL.L
MSTR (Strategy Inc) 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, MSTR returned 18.32%/yr vs 15.21%/yr for 3GOL.L. At a 0.03 correlation, their price movements are largely independent.
Performance
MSTR vs. 3GOL.L - Performance Comparison
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Returns By Period
In the year-to-date period, MSTR achieves a -39.01% return, which is significantly lower than 3GOL.L's -36.55% return. Over the past 10 years, MSTR has outperformed 3GOL.L with an annualized return of 18.32%, while 3GOL.L has yielded a comparatively lower 15.21% annualized return.
MSTR
- 1D
- 12.60%
- 1M
- -41.74%
- YTD
- -39.01%
- 6M
- -40.36%
- 1Y
- -75.86%
- 3Y*
- 39.36%
- 5Y*
- 6.88%
- 10Y*
- 18.32%
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%
MSTR vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSTR Strategy Inc | -39.01% | -47.53% | 358.54% | 346.15% | -74.00% | 40.13% | 172.42% | 11.65% | -2.70% | -33.49% |
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 MSTR and 3GOL.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2012 | 0.03 |
The correlation between MSTR and 3GOL.L shifts across timeframes, from 0.03 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MSTR vs. 3GOL.L — Risk / Return Rank
MSTR
3GOL.L
MSTR vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Inc (MSTR) 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.
| MSTR | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.13 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 0.40 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.37 | 0.94 | -2.32 |
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Drawdowns
MSTR vs. 3GOL.L - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than 3GOL.L's maximum drawdown of -83.81%. Use the drawdown chart below to compare losses from any high point for MSTR and 3GOL.L.
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Drawdown Indicators
| MSTR | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -83.81% | -16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -81.95% | -64.85% | -17.10% |
Max Drawdown (3Y)Largest decline over 3 years | -82.63% | -64.85% | -17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -84.11% | -64.85% | -19.26% |
Max Drawdown (10Y)Largest decline over 10 years | -89.27% | -64.85% | -24.42% |
Current DrawdownCurrent decline from peak | -80.44% | -64.57% | -15.87% |
Average DrawdownAverage peak-to-trough decline | -86.44% | -60.94% | -25.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.19% | 27.34% | +27.85% |
Volatility
MSTR vs. 3GOL.L - Volatility Comparison
Strategy Inc (MSTR) has a higher volatility of 28.41% compared to WisdomTree Gold 3x Daily Leveraged (3GOL.L) at 26.74%. This indicates that MSTR's price experiences larger fluctuations and is considered to be riskier 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
| MSTR | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.41% | 26.74% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 60.21% | 70.00% | -9.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.35% | 78.22% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.65% | 53.24% | +37.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.13% | 47.88% | +26.25% |
Dividends
MSTR vs. 3GOL.L - Dividend Comparison
Neither MSTR nor 3GOL.L has paid dividends to shareholders.
Frequently Asked Questions
MSTR and 3GOL.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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