BOLD.DE vs. AAS.L
BOLD.DE (21Shares Bitcoin Gold ETP) is Cryptocurrency fund actively managed by 21Shares, while AAS.L (Abrdn Asia Focus plc) is a stock. Over the past 3 years, BOLD.DE returned 27.91%/yr vs 23.85%/yr for AAS.L. At a 0.15 correlation, their price movements are largely independent.
Performance
BOLD.DE vs. AAS.L - Performance Comparison
Loading charts...
Different Trading Currencies
BOLD.DE is traded in USD, while AAS.L is traded in GBp. To make them comparable, the AAS.L 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 AAS.L's 17.67% return.
BOLD.DE
- 1D
- -1.18%
- 1M
- -10.50%
- YTD
- -6.72%
- 6M
- -5.81%
- 1Y
- 2.72%
- 3Y*
- 27.91%
- 5Y*
- —
- 10Y*
- —
AAS.L
- 1D
- 1.50%
- 1M
- -6.49%
- YTD
- 17.67%
- 6M
- 18.15%
- 1Y
- 35.64%
- 3Y*
- 23.85%
- 5Y*
- 12.75%
- 10Y*
- 16.03%
BOLD.DE vs. AAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | -6.72% | 25.46% | 57.68% | 33.01% | -10.53% |
AAS.L Abrdn Asia Focus plc | 17.67% | 36.29% | 11.27% | 12.27% | -4.48% |
Correlation
The correlation between BOLD.DE and AAS.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.15 |
The correlation between BOLD.DE and AAS.L shifts across timeframes, from 0.15 (all time) to 0.31 (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
BOLD.DE vs. AAS.L — Risk / Return Rank
BOLD.DE
AAS.L
BOLD.DE vs. AAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and Abrdn Asia Focus plc (AAS.L). 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.
| BOLD.DE | AAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.46 | -2.33 |
| Martin ratioReturn relative to average drawdown | 0.31 | 8.09 | -7.77 |
Loading charts...
Drawdowns
BOLD.DE vs. AAS.L - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -16.73%, smaller than the maximum AAS.L drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and AAS.L.
Loading charts...
Drawdown Indicators
| BOLD.DE | AAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -99.97% | +83.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -14.44% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -15.10% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.08% | — |
Current DrawdownCurrent decline from peak | -16.73% | -82.08% | +65.35% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -86.38% | +82.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 4.40% | +2.46% |
Volatility
BOLD.DE vs. AAS.L - Volatility Comparison
The current volatility for 21Shares Bitcoin Gold ETP (BOLD.DE) is 5.37%, while Abrdn Asia Focus plc (AAS.L) has a volatility of 7.43%. This indicates that BOLD.DE experiences smaller price fluctuations and is considered to be less risky than AAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BOLD.DE | AAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 7.43% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.78% | 17.44% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 20.16% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 21.54% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 21.59% | -3.59% |
Dividends
BOLD.DE vs. AAS.L - Dividend Comparison
BOLD.DE has not paid dividends to shareholders, while AAS.L's dividend yield for the trailing twelve months is around 1.51%.
| 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
BOLD.DE and AAS.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BOLD.DE and AAS.L
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