BOLD.DE vs. VETH.DE
BOLD.DE (21Shares Bitcoin Gold ETP) and VETH.DE (VanEck Ethereum ETN) are both Cryptocurrency funds. BOLD.DE is actively managed, while VETH.DE is passively managed. Over the past 3 years, BOLD.DE returned 27.91%/yr vs -1.39%/yr for VETH.DE. A 0.56 correlation means they provide meaningful diversification when combined. BOLD.DE charges 0.65%/yr vs 1.00%/yr for VETH.DE.
Performance
BOLD.DE vs. VETH.DE - Performance Comparison
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Different Trading Currencies
BOLD.DE is traded in USD, while VETH.DE is traded in EUR. To make them comparable, the VETH.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 higher than VETH.DE's -40.36% return.
BOLD.DE
- 1D
- -1.18%
- 1M
- -10.54%
- YTD
- -6.72%
- 6M
- -6.50%
- 1Y
- 2.15%
- 3Y*
- 27.91%
- 5Y*
- —
- 10Y*
- —
VETH.DE
- 1D
- -3.63%
- 1M
- -25.46%
- YTD
- -40.36%
- 6M
- -44.29%
- 1Y
- -32.90%
- 3Y*
- -1.39%
- 5Y*
- -7.92%
- 10Y*
- —
BOLD.DE vs. VETH.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% |
VETH.DE VanEck Ethereum ETN | -40.36% | -11.89% | 43.96% | 95.80% | -38.41% |
Correlation
The correlation between BOLD.DE and VETH.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 25, 2022 | 0.56 |
The correlation between BOLD.DE and VETH.DE has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
BOLD.DE vs. VETH.DE — Risk / Return Rank
BOLD.DE
VETH.DE
BOLD.DE vs. VETH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and VanEck Ethereum ETN (VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.94 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.53 | +0.66 |
| Martin ratioReturn relative to average drawdown | 0.31 | -0.90 | +1.21 |
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 | VETH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.55 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | -0.03 | +1.21 |
Drawdowns
BOLD.DE vs. VETH.DE - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -16.73%, smaller than the maximum VETH.DE drawdown of -78.78%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and VETH.DE.
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Drawdown Indicators
| BOLD.DE | VETH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -78.78% | +62.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -62.05% | +45.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | -63.59% | +46.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.78% | — |
Current DrawdownCurrent decline from peak | -16.73% | -63.66% | +46.93% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -45.72% | +41.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 36.48% | -29.62% |
Volatility
BOLD.DE vs. VETH.DE - Volatility Comparison
The current volatility for 21Shares Bitcoin Gold ETP (BOLD.DE) is 5.37%, while VanEck Ethereum ETN (VETH.DE) has a volatility of 10.13%. This indicates that BOLD.DE experiences smaller price fluctuations and is considered to be less risky than VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 10.13% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 18.78% | 42.76% | -23.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 60.05% | -37.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 68.93% | -50.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 72.15% | -54.14% |
BOLD.DE vs. VETH.DE - Expense Ratio Comparison
BOLD.DE has a 0.65% expense ratio, which is lower than VETH.DE's 1.00% expense ratio.
Dividends
BOLD.DE vs. VETH.DE - Dividend Comparison
Neither BOLD.DE nor VETH.DE has paid dividends to shareholders.
Frequently Asked Questions
BOLD.DE and VETH.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BOLD.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BOLD.DE is cheaper with a 0.65% expense ratio, compared with 1.00% for VETH.DE.
They also come from different issuers: 21Shares and VanEck. Their fees differ too: 0.65% for BOLD.DE and 1.00% for VETH.DE.
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