USPA.L vs. 3USL.L
USPA.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc)) and 3USL.L (WisdomTree S&P 500 3x Daily Leveraged GB) are both exchange-traded funds - USPA.L is a S&P 500 fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while 3USL.L is a Leveraged Equities fund tracking the S&P 500 Net Total Returns Index. Both are passively managed. Over the past 5 years, USPA.L returned 12.03%/yr vs 18.89%/yr for 3USL.L. With a 0.98 correlation, they move nearly in lockstep. USPA.L charges 0.07%/yr vs 0.75%/yr for 3USL.L.
Performance
USPA.L vs. 3USL.L - Performance Comparison
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Returns By Period
In the year-to-date period, USPA.L achieves a 6.42% return, which is significantly lower than 3USL.L's 18.25% return.
USPA.L
- 1D
- -0.92%
- 1M
- -0.37%
- 6M
- 6.70%
- YTD
- 6.42%
- 1Y
- 16.97%
- 3Y*
- 18.65%
- 5Y*
- 12.03%
- 10Y*
- —
3USL.L
- 1D
- -3.71%
- 1M
- -2.60%
- 6M
- 15.76%
- YTD
- 18.25%
- 1Y
- 46.64%
- 3Y*
- 40.34%
- 5Y*
- 18.89%
- 10Y*
- 26.94%
USPA.L vs. 3USL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USPA.L Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) | 6.42% | 15.76% | 26.74% | 30.46% | -22.10% | 32.21% | 16.58% |
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 18.25% | 28.97% | 63.99% | 70.50% | -57.35% | 101.78% | 48.83% |
Correlation
The correlation between USPA.L and 3USL.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | 0.98 |
The correlation between USPA.L and 3USL.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
USPA.L vs. 3USL.L — Risk / Return Rank
USPA.L
3USL.L
USPA.L vs. 3USL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) and WisdomTree S&P 500 3x Daily Leveraged GB (3USL.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.
| USPA.L | 3USL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.84 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.04 | 6.87 | -0.83 |
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Drawdowns
USPA.L vs. 3USL.L - Drawdown Comparison
The maximum USPA.L drawdown since its inception was -27.78%, smaller than the maximum 3USL.L drawdown of -76.72%. Use the drawdown chart below to compare losses from any high point for USPA.L and 3USL.L.
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Drawdown Indicators
| USPA.L | 3USL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.78% | -76.72% | +48.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -25.29% | +14.71% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -48.69% | +29.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -63.46% | +35.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.72% | — |
Current DrawdownCurrent decline from peak | -1.85% | -7.22% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -14.68% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 6.77% | -3.97% |
Volatility
USPA.L vs. 3USL.L - Volatility Comparison
The current volatility for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) is 3.49%, while WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) has a volatility of 9.48%. This indicates that USPA.L experiences smaller price fluctuations and is considered to be less risky than 3USL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USPA.L | 3USL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 9.48% | -5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 27.92% | -18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 36.02% | -23.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 47.64% | -31.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 48.40% | -31.92% |
USPA.L vs. 3USL.L - Expense Ratio Comparison
USPA.L has a 0.07% expense ratio, which is lower than 3USL.L's 0.75% expense ratio.
Dividends
USPA.L vs. 3USL.L - Dividend Comparison
Neither USPA.L nor 3USL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, USPA.L and 3USL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, USPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USPA.L is cheaper with a 0.07% expense ratio, compared with 0.75% for 3USL.L.
USPA.L is categorized as S&P 500, while 3USL.L is Leveraged Equities. USPA.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while 3USL.L tracks S&P 500 Net Total Returns Index. They also come from different issuers: Franklin and WisdomTree. Their fees differ too: 0.07% for USPA.L and 0.75% for 3USL.L.
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