BOLD.DE vs. ESGP.DE
BOLD.DE (21Shares Bitcoin Gold ETP) and ESGP.DE (Gold Miners Screened UCITS ETF) are both exchange-traded funds - BOLD.DE is a Cryptocurrency fund actively managed by 21Shares, while ESGP.DE is a Gold fund tracking the VettaFi Gold Miners Screened Index. BOLD.DE is actively managed, while ESGP.DE is passively managed. Over the past 3 years, BOLD.DE returned 27.44%/yr vs 12.00%/yr for ESGP.DE. At a 0.27 correlation, their price movements are largely independent. BOLD.DE charges 0.65%/yr vs 0.60%/yr for ESGP.DE.
Performance
BOLD.DE vs. ESGP.DE - Performance Comparison
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Different Trading Currencies
BOLD.DE is traded in USD, while ESGP.DE is traded in EUR. To make them comparable, the ESGP.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 -9.52% return, which is significantly lower than ESGP.DE's 8.78% return.
BOLD.DE
- 1D
- 0.00%
- 1M
- -2.45%
- 6M
- -15.93%
- YTD
- -9.52%
- 1Y
- -2.01%
- 3Y*
- 27.44%
- 5Y*
- —
- 10Y*
- —
ESGP.DE
- 1D
- 0.00%
- 1M
- 2.25%
- 6M
- 6.95%
- YTD
- 8.78%
- 1Y
- 14.87%
- 3Y*
- 12.00%
- 5Y*
- —
- 10Y*
- —
BOLD.DE vs. ESGP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | -9.52% | 25.46% | 57.68% | 33.01% | -10.53% |
ESGP.DE Gold Miners Screened UCITS ETF | 8.78% | 19.43% | 6.48% | 5.33% | -2.66% |
Correlation
The correlation between BOLD.DE and ESGP.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.27 |
The correlation between BOLD.DE and ESGP.DE shifts across timeframes, from 0.27 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BOLD.DE vs. ESGP.DE — Risk / Return Rank
BOLD.DE
ESGP.DE
BOLD.DE vs. ESGP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and Gold Miners Screened UCITS ETF (ESGP.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.
| BOLD.DE | ESGP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.71 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.21 | 4.54 | -4.74 |
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Drawdowns
BOLD.DE vs. ESGP.DE - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -23.33%, roughly equal to the maximum ESGP.DE drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and ESGP.DE.
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Drawdown Indicators
| BOLD.DE | ESGP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.33% | -23.66% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -23.33% | -8.74% | -14.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -19.16% | -4.17% |
Current DrawdownCurrent decline from peak | -19.24% | -1.41% | -17.83% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -6.95% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 3.29% | +6.39% |
Volatility
BOLD.DE vs. ESGP.DE - Volatility Comparison
21Shares Bitcoin Gold ETP (BOLD.DE) has a higher volatility of 7.50% compared to Gold Miners Screened UCITS ETF (ESGP.DE) at 2.73%. This indicates that BOLD.DE's price experiences larger fluctuations and is considered to be riskier than ESGP.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 | ESGP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 2.73% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.01% | 11.00% | +9.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.91% | 13.58% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 16.80% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 16.80% | +1.59% |
BOLD.DE vs. ESGP.DE - Expense Ratio Comparison
BOLD.DE has a 0.65% expense ratio, which is higher than ESGP.DE's 0.60% expense ratio.
Dividends
BOLD.DE vs. ESGP.DE - Dividend Comparison
Neither BOLD.DE nor ESGP.DE has paid dividends to shareholders.
Frequently Asked Questions
BOLD.DE and ESGP.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGP.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGP.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for BOLD.DE.
BOLD.DE is categorized as Cryptocurrency, while ESGP.DE is Gold. They also come from different issuers: 21Shares and HANetf. Their fees differ too: 0.65% for BOLD.DE and 0.60% for ESGP.DE.
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