BITP.L vs. G2X.DE
BITP.L (CoinShares Physical Bitcoin) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - BITP.L is a Cryptocurrency fund actively managed by CoinShares, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. BITP.L is actively managed, while G2X.DE is passively managed. Over the past year, BITP.L returned -38.93% vs 65.42% for G2X.DE. At a 0.09 correlation, their price movements are largely independent. BITP.L charges 0.98%/yr vs 0.53%/yr for G2X.DE.
Performance
BITP.L vs. G2X.DE - Performance Comparison
Loading charts...
Different Trading Currencies
BITP.L is traded in GBP, while G2X.DE is traded in EUR. To make them comparable, the G2X.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BITP.L achieves a -27.95% return, which is significantly lower than G2X.DE's -1.81% return.
BITP.L
- 1D
- -3.83%
- 1M
- -20.91%
- YTD
- -27.95%
- 6M
- -31.70%
- 1Y
- -38.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2X.DE
- 1D
- 1.22%
- 1M
- -5.00%
- YTD
- -1.81%
- 6M
- 6.26%
- 1Y
- 65.42%
- 3Y*
- 37.80%
- 5Y*
- 20.23%
- 10Y*
- 14.94%
BITP.L vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITP.L CoinShares Physical Bitcoin | -27.95% | -16.21% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.81% | 123.42% |
Correlation
The correlation between BITP.L and G2X.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.09 |
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
BITP.L vs. G2X.DE — Risk / Return Rank
BITP.L
G2X.DE
BITP.L vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BITP.L) and VanEck Gold Miners UCITS ETF (G2X.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.
| BITP.L | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.45 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.27 | -3.06 |
| Martin ratioReturn relative to average drawdown | -1.38 | 5.75 | -7.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BITP.L | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 1.53 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | 0.49 | -1.24 |
Drawdowns
BITP.L vs. G2X.DE - Drawdown Comparison
The maximum BITP.L drawdown since its inception was -49.22%, which is greater than G2X.DE's maximum drawdown of -44.29%. Use the drawdown chart below to compare losses from any high point for BITP.L and G2X.DE.
Loading charts...
Drawdown Indicators
| BITP.L | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.22% | -44.29% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -49.22% | -28.66% | -20.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.29% | — |
Current DrawdownCurrent decline from peak | -48.86% | -24.31% | -24.55% |
Average DrawdownAverage peak-to-trough decline | -20.84% | -21.08% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.14% | 11.34% | +16.80% |
Volatility
BITP.L vs. G2X.DE - Volatility Comparison
The current volatility for CoinShares Physical Bitcoin (BITP.L) is 9.63%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 13.48%. This indicates that BITP.L experiences smaller price fluctuations and is considered to be less risky than G2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITP.L | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 13.48% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 34.09% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.69% | 42.53% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.05% | 32.80% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 32.68% | +8.37% |
BITP.L vs. G2X.DE - Expense Ratio Comparison
BITP.L has a 0.98% expense ratio, which is higher than G2X.DE's 0.53% expense ratio.
Dividends
BITP.L vs. G2X.DE - Dividend Comparison
Neither BITP.L nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
BITP.L and G2X.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G2X.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2X.DE is cheaper with a 0.53% expense ratio, compared with 0.98% for BITP.L.
BITP.L is categorized as Cryptocurrency, while G2X.DE is Precious Metals. They also come from different issuers: CoinShares and VanEck. Their fees differ too: 0.98% for BITP.L and 0.53% for G2X.DE.
Find the right allocation for BITP.L and G2X.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