BOLD.DE vs. 2BTC.DE
Compare and contrast key facts about 21Shares Bitcoin Gold ETP (BOLD.DE) and 21Shares Bitcoin ETP (2BTC.DE).
BOLD.DE and 2BTC.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BOLD.DE is an actively managed fund by 21Shares. It was launched on Apr 26, 2022. 2BTC.DE is an actively managed fund by 21Shares. It was launched on Feb 26, 2019.
Performance
BOLD.DE vs. 2BTC.DE - Performance Comparison
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BOLD.DE vs. 2BTC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | -0.28% | 25.46% | 57.68% | 33.01% | -10.84% |
2BTC.DE 21Shares Bitcoin ETP | -22.11% | -7.19% | 114.92% | 155.26% | -43.61% |
Different Trading Currencies
BOLD.DE is traded in USD, while 2BTC.DE is traded in EUR. To make them comparable, the 2BTC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BOLD.DE achieves a -0.28% return, which is significantly higher than 2BTC.DE's -22.11% return.
BOLD.DE
- 1D
- 2.40%
- 1M
- -5.25%
- YTD
- -0.28%
- 6M
- -1.25%
- 1Y
- 15.95%
- 3Y*
- 30.18%
- 5Y*
- —
- 10Y*
- —
2BTC.DE
- 1D
- 2.34%
- 1M
- -1.10%
- YTD
- -22.11%
- 6M
- -41.99%
- 1Y
- -20.23%
- 3Y*
- 32.23%
- 5Y*
- 1.49%
- 10Y*
- —
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BOLD.DE vs. 2BTC.DE - Expense Ratio Comparison
BOLD.DE has a 0.65% expense ratio, which is lower than 2BTC.DE's 1.49% expense ratio.
Return for Risk
BOLD.DE vs. 2BTC.DE — Risk / Return Rank
BOLD.DE
2BTC.DE
BOLD.DE vs. 2BTC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and 21Shares Bitcoin ETP (2BTC.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.
| BOLD.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | -0.50 | +1.23 |
Sortino ratioReturn per unit of downside risk | 1.13 | -0.49 | +1.63 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.45 | +1.52 |
Martin ratioReturn relative to average drawdown | 2.79 | -0.96 | +3.75 |
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
| BOLD.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | -0.50 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.67 | +0.70 |
Correlation
The correlation between BOLD.DE and 2BTC.DE is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BOLD.DE vs. 2BTC.DE - Dividend Comparison
Neither BOLD.DE nor 2BTC.DE has paid dividends to shareholders.
Drawdowns
BOLD.DE vs. 2BTC.DE - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -14.69%, smaller than the maximum 2BTC.DE drawdown of -77.13%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and 2BTC.DE.
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Drawdown Indicators
| BOLD.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -74.55% | +59.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -49.73% | +35.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.55% | — |
Current DrawdownCurrent decline from peak | -10.99% | -45.04% | +34.05% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -29.97% | +25.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 23.19% | -17.53% |
Volatility
BOLD.DE vs. 2BTC.DE - Volatility Comparison
The current volatility for 21Shares Bitcoin Gold ETP (BOLD.DE) is 9.59%, while 21Shares Bitcoin ETP (2BTC.DE) has a volatility of 13.34%. This indicates that BOLD.DE experiences smaller price fluctuations and is considered to be less risky than 2BTC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOLD.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 13.34% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 19.37% | 32.89% | -13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 40.36% | -18.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 55.42% | -37.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 59.14% | -41.30% |