BOLD.DE vs. 4GLD.DE
BOLD.DE (21Shares Bitcoin Gold ETP) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - BOLD.DE is a Cryptocurrency fund actively managed by 21Shares, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. BOLD.DE is actively managed, while 4GLD.DE is passively managed. Over the past 3 years, BOLD.DE returned 27.91%/yr vs 31.68%/yr for 4GLD.DE. A 0.56 correlation means they provide meaningful diversification when combined. BOLD.DE charges 0.65%/yr vs 0.00%/yr for 4GLD.DE.
Performance
BOLD.DE vs. 4GLD.DE - Performance Comparison
Loading charts...
Different Trading Currencies
BOLD.DE is traded in USD, while 4GLD.DE is traded in EUR. To make them comparable, the 4GLD.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 -6.72% return, which is significantly lower than 4GLD.DE's 1.62% return.
BOLD.DE
- 1D
- -1.18%
- 1M
- -10.54%
- YTD
- -6.72%
- 6M
- -6.50%
- 1Y
- 2.15%
- 3Y*
- 27.91%
- 5Y*
- —
- 10Y*
- —
4GLD.DE
- 1D
- 0.69%
- 1M
- -2.23%
- YTD
- 1.62%
- 6M
- 6.12%
- 1Y
- 32.50%
- 3Y*
- 31.68%
- 5Y*
- 18.74%
- 10Y*
- 13.62%
BOLD.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | -6.72% | 25.46% | 57.68% | 33.01% | -10.84% |
4GLD.DE Xetra-Gold | 1.62% | 68.58% | 26.88% | 12.77% | -2.38% |
Correlation
The correlation between BOLD.DE and 4GLD.DE is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 25, 2022 | 0.56 |
The correlation between BOLD.DE and 4GLD.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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
BOLD.DE vs. 4GLD.DE — Risk / Return Rank
BOLD.DE
4GLD.DE
BOLD.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.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.
| BOLD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.89 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.31 | 4.82 | -4.50 |
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
| BOLD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 1.33 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.52 | +0.66 |
Drawdowns
BOLD.DE vs. 4GLD.DE - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -16.73%, smaller than the maximum 4GLD.DE drawdown of -44.57%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and 4GLD.DE.
Loading charts...
Drawdown Indicators
| BOLD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -44.57% | +27.84% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -17.15% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -17.15% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.18% | — |
Current DrawdownCurrent decline from peak | -16.73% | -15.56% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -16.99% | +12.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 6.73% | +0.13% |
Volatility
BOLD.DE vs. 4GLD.DE - Volatility Comparison
The current volatility for 21Shares Bitcoin Gold ETP (BOLD.DE) is 5.37%, while Xetra-Gold (4GLD.DE) has a volatility of 5.66%. This indicates that BOLD.DE experiences smaller price fluctuations and is considered to be less risky than 4GLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOLD.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.66% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 18.78% | 20.99% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 24.25% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 17.29% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 15.56% | +2.45% |
BOLD.DE vs. 4GLD.DE - Expense Ratio Comparison
BOLD.DE has a 0.65% expense ratio, which is higher than 4GLD.DE's 0.00% expense ratio.
Dividends
BOLD.DE vs. 4GLD.DE - Dividend Comparison
Neither BOLD.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
BOLD.DE and 4GLD.DE have a correlation of 0.64, 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 0.65% for BOLD.DE.
BOLD.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: 0.65% for BOLD.DE and 0.00% for 4GLD.DE.
Find the right allocation for BOLD.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