QQQ3.L vs. 3GOL.L

Last updated Jun 5, 2026

QQQ3.L (WisdomTree NASDAQ 100 3x Daily Leveraged) and 3GOL.L (WisdomTree Gold 3x Daily Leveraged) are both exchange-traded funds - QQQ3.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index (300%), while 3GOL.L is a Leveraged Commodities fund tracking the Solactive Gold Commodity Futures SL Index (300%). Both are passively managed. Over the past 10 years, QQQ3.L returned 43.93%/yr vs 21.65%/yr for 3GOL.L. At a 0.01 correlation, their price movements are largely independent. QQQ3.L charges 0.75%/yr vs 0.99%/yr for 3GOL.L.

Performance

QQQ3.L vs. 3GOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) 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, QQQ3.L achieves a 56.06% return, which is significantly higher than 3GOL.L's -10.37% return. Over the past 10 years, QQQ3.L has outperformed 3GOL.L with an annualized return of 43.93%, while 3GOL.L has yielded a comparatively lower 21.65% annualized return.

QQQ3.L

• 1D: -2.48%
• 1M: 25.62%
• YTD: 56.06%
• 6M: 51.95%
• 1Y: 124.35%
• 3Y*: 64.10%
• 5Y*: 26.81%
• 10Y*: 43.93%

3GOL.L

• 1D: 1.95%
• 1M: -8.73%
• YTD: -10.37%
• 6M: -6.64%
• 1Y: 59.63%
• 3Y*: 72.05%
• 5Y*: 34.18%
• 10Y*: 21.65%

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

QQQ3.L vs. 3GOL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQ3.L WisdomTree NASDAQ 100 3x Daily Leveraged	56.06%	27.64%	59.91%	209.50%	-79.58%	87.37%	110.13%	128.92%	-21.29%	114.27%
3GOL.L WisdomTree Gold 3x Daily Leveraged	-10.37%	236.16%	60.53%	20.26%	-13.87%	-20.96%	51.59%	45.43%	-12.42%	25.08%

Correlation

The correlation between QQQ3.L and 3GOL.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jan 11, 2013	0.01

Over the past year, QQQ3.L and 3GOL.L have become more correlated (0.23) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

QQQ3.L vs. 3GOL.L — Risk / Return Rank

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

QQQ3.L

QQQ3.L Risk / Return Rank: 69
QQQ3.L Sharpe Ratio Rank: 82
QQQ3.L Sortino Ratio Rank: 68
QQQ3.L Omega Ratio Rank: 64
QQQ3.L Calmar Ratio Rank: 70
QQQ3.L Martin Ratio Rank: 60

3GOL.L

3GOL.L Risk / Return Rank: 25
3GOL.L Sharpe Ratio Rank: 23
3GOL.L Sortino Ratio Rank: 26
3GOL.L Omega Ratio Rank: 30
3GOL.L Calmar Ratio Rank: 25
3GOL.L Martin Ratio Rank: 22

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.

QQQ3.L vs. 3GOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) 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.

	QQQ3.L	3GOL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.63	0.79	+1.84
Sortino ratio: Return per unit of downside risk	3.07	1.37	+1.70
Omega ratio: Gain probability vs. loss probability	1.38	1.20	+0.18
Calmar ratio: Return relative to maximum drawdown	3.44	1.17	+2.28
Martin ratio: Return relative to average drawdown	10.78	2.61	+8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ3.L vs. 3GOL.L - Sharpe Ratio Comparison

The current QQQ3.L Sharpe Ratio is 2.63, which is higher than the 3GOL.L Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of QQQ3.L 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.

Sharpe Ratios by Period

	QQQ3.L	3GOL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	0.79	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.65	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.47	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.11	+0.71

Drawdowns

QQQ3.L vs. 3GOL.L - Drawdown Comparison

The maximum QQQ3.L drawdown since its inception was -81.35%, roughly equal to the maximum 3GOL.L drawdown of -83.64%. Use the drawdown chart below to compare losses from any high point for QQQ3.L and 3GOL.L.

Drawdown Indicators

	QQQ3.L	3GOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.35%	-83.64%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-35.92%	-50.91%	+14.99%
Max Drawdown (3Y) Largest decline over 3 years	-58.20%	-50.91%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-81.35%	-55.46%	-25.89%
Max Drawdown (10Y) Largest decline over 10 years	-81.35%	-63.92%	-17.43%
Current Drawdown Current decline from peak	-2.48%	-49.95%	+47.47%
Average Drawdown Average peak-to-trough decline	-19.62%	-60.53%	+40.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.49%	22.77%	-11.28%

Volatility

QQQ3.L vs. 3GOL.L - Volatility Comparison

The current volatility for WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) is 14.73%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 19.22%. This indicates that QQQ3.L 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

	QQQ3.L	3GOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.73%	19.22%	-4.49%
Volatility (6M) Calculated over the trailing 6-month period	34.78%	66.56%	-31.78%
Volatility (1Y) Calculated over the trailing 1-year period	47.01%	75.17%	-28.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.24%	52.72%	+9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.91%	48.73%	+11.18%

QQQ3.L vs. 3GOL.L - Expense Ratio Comparison

QQQ3.L has a 0.75% expense ratio, which is lower than 3GOL.L's 0.99% expense ratio.

Dividends

QQQ3.L vs. 3GOL.L - Dividend Comparison

Neither QQQ3.L nor 3GOL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQ3.L and 3GOL.L in my portfolio?

QQQ3.L and 3GOL.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQ3.L or 3GOL.L?

On fees, QQQ3.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ3.L or 3GOL.L?

QQQ3.L is cheaper with a 0.75% expense ratio, compared with 0.99% for 3GOL.L.

What is the main difference between QQQ3.L and 3GOL.L?

QQQ3.L is categorized as Nasdaq-100, while 3GOL.L is Leveraged Commodities. QQQ3.L tracks NASDAQ-100 Index (300%), while 3GOL.L tracks Solactive Gold Commodity Futures SL Index (300%). Their fees differ too: 0.75% for QQQ3.L and 0.99% for 3GOL.L.