21BC.DE vs. 4GLD.DE
21BC.DE (21Shares Bitcoin Core ETP) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - 21BC.DE is a Cryptocurrency fund actively managed by 21Shares, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. 21BC.DE is actively managed, while 4GLD.DE is passively managed. Over the past 3 years, 21BC.DE returned 26.95%/yr vs 25.88%/yr for 4GLD.DE. At a 0.08 correlation, their price movements are largely independent. 21BC.DE charges 0.10%/yr vs 0.00%/yr for 4GLD.DE.
Performance
21BC.DE vs. 4GLD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 21BC.DE achieves a -26.18% return, which is significantly lower than 4GLD.DE's -6.01% return.
21BC.DE
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- -31.01%
- YTD
- -26.18%
- 1Y
- -45.38%
- 3Y*
- 26.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.11%
4GLD.DE
- 1D
- 0.31%
- 1M
- -2.83%
- 6M
- -12.31%
- YTD
- -6.01%
- 1Y
- 22.34%
- 3Y*
- 25.88%
- 5Y*
- 18.12%
- 10Y*
- 11.29%
- ALL TIME*
- 9.75%
21BC.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
21BC.DE 21Shares Bitcoin Core ETP | -26.18% | -16.55% | 130.13% | 150.78% | -33.26% |
4GLD.DE Xetra-Gold | -6.01% | 49.32% | 34.57% | 9.33% | 1.78% |
Correlation
The correlation between 21BC.DE and 4GLD.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.08 |
The correlation between 21BC.DE and 4GLD.DE shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
21BC.DE vs. 4GLD.DE — Risk / Return Rank
21BC.DE
4GLD.DE
21BC.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Core ETP (21BC.DE) and Xetra-Gold (4GLD.DE). 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.
| 21BC.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.18 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.99 | -1.86 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.31 | -3.69 |
Loading charts...
Drawdowns
21BC.DE vs. 4GLD.DE - Drawdown Comparison
The maximum 21BC.DE drawdown since its inception was -52.29%, which is greater than 4GLD.DE's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for 21BC.DE and 4GLD.DE.
Loading charts...
Drawdown Indicators
| 21BC.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -36.79% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -52.29% | -22.49% | -29.80% |
Max Drawdown (3Y)Largest decline over 3 years | -52.29% | -22.49% | -29.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.49% | — |
Current DrawdownCurrent decline from peak | -48.36% | -22.24% | -26.12% |
Average DrawdownAverage peak-to-trough decline | -15.13% | -12.08% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.96% | 9.65% | +23.31% |
Volatility
21BC.DE vs. 4GLD.DE - Volatility Comparison
21Shares Bitcoin Core ETP (21BC.DE) has a higher volatility of 10.32% compared to Xetra-Gold (4GLD.DE) at 6.06%. This indicates that 21BC.DE's price experiences larger fluctuations and is considered to be riskier than 4GLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 21BC.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 6.06% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 30.11% | 21.09% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 24.46% | +16.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.73% | 16.51% | +30.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.73% | 14.51% | +32.22% |
21BC.DE vs. 4GLD.DE - Expense Ratio Comparison
21BC.DE has a 0.10% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
21BC.DE vs. 4GLD.DE - Dividend Comparison
Neither 21BC.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
21BC.DE and 4GLD.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4GLD.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.10% for 21BC.DE.
21BC.DE is categorized as Cryptocurrency, while 4GLD.DE is Gold. They also come from different issuers: 21Shares and Deutsche Börse Commodities. Their fees differ too: 0.10% for 21BC.DE and 0.00% for 4GLD.DE.
Find the right allocation for 21BC.DE and 4GLD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer