WGLD.DE vs. 3GLE.L
WGLD.DE (WisdomTree Core Physical Gold) and 3GLE.L (Leverage Shares 3x Long Gold ETP Securities) are both exchange-traded funds - WGLD.DE is a Precious Metals fund tracking the Gold, while 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares. WGLD.DE is passively managed, while 3GLE.L is actively managed. Over the past 3 years, WGLD.DE returned 28.03%/yr vs 60.73%/yr for 3GLE.L. Their correlation of 0.89 suggests significant overlap in exposure. WGLD.DE charges 0.12%/yr vs 0.75%/yr for 3GLE.L.
Performance
WGLD.DE vs. 3GLE.L - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while 3GLE.L is traded in USD. To make them comparable, the 3GLE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly higher than 3GLE.L's -8.68% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
3GLE.L
- 1D
- 1.32%
- 1M
- -7.45%
- YTD
- -8.68%
- 6M
- -6.42%
- 1Y
- 50.37%
- 3Y*
- 60.73%
- 5Y*
- —
- 10Y*
- —
WGLD.DE vs. 3GLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | -2.73% |
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -8.68% | 154.64% | 78.86% | 12.97% | -14.92% |
Correlation
The correlation between WGLD.DE and 3GLE.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.89 |
The correlation between WGLD.DE and 3GLE.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. 3GLE.L — Risk / Return Rank
WGLD.DE
3GLE.L
WGLD.DE vs. 3GLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) and Leverage Shares 3x Long Gold ETP Securities (3GLE.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.
| WGLD.DE | 3GLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.02 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.60 | 2.30 | +2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WGLD.DE | 3GLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.66 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.79 | +0.48 |
Drawdowns
WGLD.DE vs. 3GLE.L - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum 3GLE.L drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and 3GLE.L.
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Drawdown Indicators
| WGLD.DE | 3GLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -48.98% | +32.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -48.98% | +32.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -48.98% | +32.40% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | — | — |
Current DrawdownCurrent decline from peak | -14.99% | -47.75% | +32.76% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -12.44% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 21.81% | -15.27% |
Volatility
WGLD.DE vs. 3GLE.L - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a volatility of 17.81%. This indicates that WGLD.DE experiences smaller price fluctuations and is considered to be less risky than 3GLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGLD.DE | 3GLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 17.81% | -12.76% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 65.55% | -45.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 76.24% | -53.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 52.56% | -36.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 52.56% | -36.68% |
WGLD.DE vs. 3GLE.L - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than 3GLE.L's 0.75% expense ratio.
Dividends
WGLD.DE vs. 3GLE.L - Dividend Comparison
Neither WGLD.DE nor 3GLE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, WGLD.DE and 3GLE.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, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.75% for 3GLE.L.
WGLD.DE is categorized as Precious Metals, while 3GLE.L is Leveraged Commodities. They also come from different issuers: WisdomTree and Leverage Shares. Their fees differ too: 0.12% for WGLD.DE and 0.75% for 3GLE.L.
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