AAS.L vs. BOLD.DE
AAS.L (Abrdn Asia Focus plc) is a stock, while BOLD.DE (21Shares Bitcoin Gold ETP) is Cryptocurrency fund actively managed by 21Shares. Over the past 3 years, AAS.L returned 21.39%/yr vs 24.68%/yr for BOLD.DE. At a 0.11 correlation, their price movements are largely independent.
Performance
AAS.L vs. BOLD.DE - Performance Comparison
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Different Trading Currencies
AAS.L is traded in GBp, while BOLD.DE is traded in USD. To make them comparable, the BOLD.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AAS.L achieves a 18.21% return, which is significantly higher than BOLD.DE's -6.41% return.
AAS.L
- 1D
- 1.67%
- 1M
- -5.60%
- YTD
- 18.21%
- 6M
- 17.88%
- 1Y
- 37.84%
- 3Y*
- 21.39%
- 5Y*
- 13.93%
- 10Y*
- 16.63%
BOLD.DE
- 1D
- -1.21%
- 1M
- -9.83%
- YTD
- -6.41%
- 6M
- -6.17%
- 1Y
- 4.21%
- 3Y*
- 24.68%
- 5Y*
- —
- 10Y*
- —
AAS.L vs. BOLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 18.21% | 26.73% | 13.15% | 6.64% | -0.51% |
BOLD.DE 21Shares Bitcoin Gold ETP | -6.41% | 16.91% | 59.95% | 26.36% | -7.32% |
Correlation
The correlation between AAS.L and BOLD.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.11 |
The correlation between AAS.L and BOLD.DE shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AAS.L vs. BOLD.DE — Risk / Return Rank
AAS.L
BOLD.DE
AAS.L vs. BOLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abrdn Asia Focus plc (AAS.L) and 21Shares Bitcoin Gold ETP (BOLD.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.
| AAS.L | BOLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.04 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 0.22 | +2.69 |
| Martin ratioReturn relative to average drawdown | 9.47 | 0.54 | +8.92 |
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Drawdowns
AAS.L vs. BOLD.DE - Drawdown Comparison
The maximum AAS.L drawdown since its inception was -99.97%, which is greater than BOLD.DE's maximum drawdown of -17.36%. Use the drawdown chart below to compare losses from any high point for AAS.L and BOLD.DE.
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Drawdown Indicators
| AAS.L | BOLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -17.36% | -82.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -14.36% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -14.36% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.82% | — | — |
Current DrawdownCurrent decline from peak | -78.02% | -14.36% | -63.66% |
Average DrawdownAverage peak-to-trough decline | -80.87% | -5.34% | -75.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 5.72% | -1.73% |
Volatility
AAS.L vs. BOLD.DE - Volatility Comparison
Abrdn Asia Focus plc (AAS.L) has a higher volatility of 6.80% compared to 21Shares Bitcoin Gold ETP (BOLD.DE) at 5.72%. This indicates that AAS.L's price experiences larger fluctuations and is considered to be riskier than BOLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAS.L | BOLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 5.72% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 18.65% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 22.46% | -4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 19.41% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 19.41% | -0.14% |
Dividends
AAS.L vs. BOLD.DE - Dividend Comparison
AAS.L's dividend yield for the trailing twelve months is around 1.51%, while BOLD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAS.L Abrdn Asia Focus plc | 1.51% | 1.77% | 2.53% | 3.26% | 4.11% | 0.00% | 8.14% | 8.84% | 8.40% | 7.58% | 5.54% | 10.18% |
BOLD.DE 21Shares Bitcoin Gold ETP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAS.L and BOLD.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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