RWAY vs. 3GOL.L
RWAY (Runway Growth Finance Corp.) 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 3 years, RWAY returned -11.17%/yr vs 57.28%/yr for 3GOL.L. At a correlation of -0.06, they often move in opposite directions.
Performance
RWAY vs. 3GOL.L - Performance Comparison
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Returns By Period
In the year-to-date period, RWAY achieves a -32.61% return, which is significantly higher than 3GOL.L's -36.55% return.
RWAY
- 1D
- 3.40%
- 1M
- -15.30%
- YTD
- -32.61%
- 6M
- -32.46%
- 1Y
- -39.19%
- 3Y*
- -11.17%
- 5Y*
- —
- 10Y*
- —
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%
RWAY vs. 3GOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RWAY Runway Growth Finance Corp. | -32.61% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
3GOL.L WisdomTree Gold 3x Daily Leveraged | -36.55% | 236.16% | 60.51% | 20.28% | -13.87% | 4.20% |
Correlation
The correlation between RWAY and 3GOL.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | -0.06 |
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Return for Risk
RWAY vs. 3GOL.L — Risk / Return Rank
RWAY
3GOL.L
RWAY vs. 3GOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Runway Growth Finance Corp. (RWAY) 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.
| RWAY | 3GOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.13 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.40 | -1.26 |
| Martin ratioReturn relative to average drawdown | -1.80 | 0.94 | -2.75 |
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Drawdowns
RWAY vs. 3GOL.L - Drawdown Comparison
The maximum RWAY drawdown since its inception was -45.35%, smaller than the maximum 3GOL.L drawdown of -83.81%. Use the drawdown chart below to compare losses from any high point for RWAY and 3GOL.L.
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Drawdown Indicators
| RWAY | 3GOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -83.81% | +38.46% |
Max Drawdown (1Y)Largest decline over 1 year | -45.35% | -64.85% | +19.50% |
Max Drawdown (3Y)Largest decline over 3 years | -45.35% | -64.85% | +19.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.85% | — |
Current DrawdownCurrent decline from peak | -43.06% | -64.57% | +21.51% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -60.94% | +49.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.77% | 27.34% | -5.57% |
Volatility
RWAY vs. 3GOL.L - Volatility Comparison
The current volatility for Runway Growth Finance Corp. (RWAY) is 11.71%, while WisdomTree Gold 3x Daily Leveraged (3GOL.L) has a volatility of 26.74%. This indicates that RWAY 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
| RWAY | 3GOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 26.74% | -15.03% |
Volatility (6M)Calculated over the trailing 6-month period | 22.93% | 70.00% | -47.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.45% | 78.22% | -51.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 53.24% | -24.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 47.88% | -19.21% |
Dividends
RWAY vs. 3GOL.L - Dividend Comparison
RWAY's dividend yield for the trailing twelve months is around 24.64%, while 3GOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
3GOL.L WisdomTree Gold 3x Daily Leveraged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWAY Runway Growth Finance Corp. | 24.64% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% |
Frequently Asked Questions
RWAY and 3GOL.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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