BOLD.DE vs. MHEIX

Last updated Aug 6, 2026

BOLD.DE (21Shares Bitcoin Gold ETP) and MHEIX (MH Elite Income Fund of Funds) are both funds - BOLD.DE is a Cryptocurrency fund actively managed by 21Shares, while MHEIX is a Global Allocation fund managed by MH Elite. Over the past 3 years, BOLD.DE returned 26.55%/yr vs 5.73%/yr for MHEIX. Their 0.08 correlation means their historical movements had little consistent relationship. BOLD.DE charges 0.65%/yr vs 1.25%/yr for MHEIX.

Performance

BOLD.DE vs. MHEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Bitcoin Gold ETP (BOLD.DE) and MH Elite Income Fund of Funds (MHEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOLD.DE achieves a -10.83% return, which is significantly lower than MHEIX's 1.90% return.

BOLD.DE

• 1D: 0.00%
• 1M: -0.76%
• 6M: -11.53%
• YTD: -10.83%
• 1Y: -3.05%
• 3Y*: 26.55%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.31%

MHEIX

• 1D: 0.37%
• 1M: -0.18%
• 6M: 1.31%
• YTD: 1.90%
• 1Y: 5.54%
• 3Y*: 5.73%
• 5Y*: 1.91%
• 10Y*: 2.95%
• ALL TIME*: 2.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOLD.DE 21Shares Bitcoin Gold ETP	$15.64K	$17.51K	$38.48K
MHEIX MH Elite Income Fund of Funds	$0.00	$0.00	$0.00

BOLD.DE vs. MHEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BOLD.DE 21Shares Bitcoin Gold ETP	-10.83%	25.46%	57.68%	33.01%	-10.53%
MHEIX MH Elite Income Fund of Funds	1.90%	4.76%	5.98%	7.55%	-1.81%

Correlation

The correlation between BOLD.DE and MHEIX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (All Time) Calculated using the full available price history since May 24, 2022	0.08

Return for Risk

BOLD.DE vs. MHEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BOLD.DE

BOLD.DE Risk / Return Rank: 9
BOLD.DE Sharpe Ratio Rank: 9
BOLD.DE Sortino Ratio Rank: 9
BOLD.DE Omega Ratio Rank: 9
BOLD.DE Calmar Ratio Rank: 9
BOLD.DE Martin Ratio Rank: 8

MHEIX

MHEIX Risk / Return Rank: 26
MHEIX Sharpe Ratio Rank: 22
MHEIX Sortino Ratio Rank: 22
MHEIX Omega Ratio Rank: 43
MHEIX Calmar Ratio Rank: 25
MHEIX Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BOLD.DE vs. MHEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and MH Elite Income Fund of Funds (MHEIX). 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	MHEIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.95	-1.08
Sortino ratio: Return per unit of downside risk	-0.01	1.40	-1.41
Omega ratio: Gain probability vs. loss probability	1.00	1.28	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.13	1.32	-1.45
Martin ratio: Return relative to average drawdown	-0.28	3.12	-3.40

BOLD.DE vs. MHEIX - Sharpe Ratio Comparison

The current BOLD.DE Sharpe Ratio is -0.13, which is lower than the MHEIX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of BOLD.DE and MHEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOLD.DE vs. MHEIX - Drawdown Comparison

The maximum BOLD.DE drawdown since its inception was -23.33%, which is greater than MHEIX's maximum drawdown of -16.95%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and MHEIX.

Drawdown Indicators

	BOLD.DE	MHEIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.33%	-16.95%	-6.38%
Max Drawdown (1Y) Largest decline over 1 year	-23.33%	-4.54%	-18.79%
Max Drawdown (3Y) Largest decline over 3 years	-23.33%	-6.57%	-16.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-16.95%	—
Current Drawdown Current decline from peak	-20.40%	-2.00%	-18.40%
Average Drawdown Average peak-to-trough decline	-4.88%	-2.47%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.75%	1.91%	+8.84%

Volatility

BOLD.DE vs. MHEIX - Volatility Comparison

21Shares Bitcoin Gold ETP (BOLD.DE) has a higher volatility of 6.33% compared to MH Elite Income Fund of Funds (MHEIX) at 0.91%. This indicates that BOLD.DE's price experiences larger fluctuations and is considered to be riskier than MHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOLD.DE	MHEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	0.91%	+5.42%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	2.96%	+15.60%
Volatility (1Y) Calculated over the trailing 1-year period	24.16%	6.27%	+17.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	5.59%	+12.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	5.24%	+13.16%

BOLD.DE vs. MHEIX - Expense Ratio Comparison

BOLD.DE has a 0.65% expense ratio, which is lower than MHEIX's 1.25% expense ratio.

Dividends

BOLD.DE vs. MHEIX - Dividend Comparison

BOLD.DE has not paid dividends to shareholders, while MHEIX's dividend yield for the trailing twelve months is around 3.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MHEIX MH Elite Income Fund of Funds	3.72%	0.00%	3.33%	2.38%	3.17%	1.49%	2.30%	2.21%	2.10%	1.69%	2.48%	2.87%

Frequently Asked Questions

Can I hold both BOLD.DE and MHEIX in my portfolio?

BOLD.DE and MHEIX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.