BOLD.DE vs. XRPI
BOLD.DE (21Shares Bitcoin Gold ETP) and XRPI (Volatility Shares XRP ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BOLD.DE returned 2.15% vs -53.74% for XRPI. At a 0.50 correlation, their price movements are largely independent. BOLD.DE charges 0.65%/yr vs 0.94%/yr for XRPI.
Performance
BOLD.DE vs. XRPI - Performance Comparison
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Returns By Period
In the year-to-date period, BOLD.DE achieves a -6.72% return, which is significantly higher than XRPI's -37.63% return.
BOLD.DE
- 1D
- -1.18%
- 1M
- -10.54%
- YTD
- -6.72%
- 6M
- -6.50%
- 1Y
- 2.15%
- 3Y*
- 27.91%
- 5Y*
- —
- 10Y*
- —
XRPI
- 1D
- -2.34%
- 1M
- -17.35%
- YTD
- -37.63%
- 6M
- -46.29%
- 1Y
- -53.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOLD.DE vs. XRPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | -6.72% | 8.29% |
XRPI Volatility Shares XRP ETF | -37.63% | -32.44% |
Correlation
The correlation between BOLD.DE and XRPI is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.50 |
The correlation between BOLD.DE and XRPI has been stable across timeframes, ranging from 0.50 to 0.50 - a consistent structural relationship.
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Return for Risk
BOLD.DE vs. XRPI — Risk / Return Rank
BOLD.DE
XRPI
BOLD.DE vs. XRPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Gold ETP (BOLD.DE) and Volatility Shares XRP ETF (XRPI). 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 | XRPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.89 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.76 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.31 | -1.16 | +1.47 |
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 | XRPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | -0.71 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | -0.76 | +1.93 |
Drawdowns
BOLD.DE vs. XRPI - Drawdown Comparison
The maximum BOLD.DE drawdown since its inception was -16.73%, smaller than the maximum XRPI drawdown of -70.90%. Use the drawdown chart below to compare losses from any high point for BOLD.DE and XRPI.
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Drawdown Indicators
| BOLD.DE | XRPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.73% | -70.90% | +54.17% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -70.90% | +54.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.73% | — | — |
Current DrawdownCurrent decline from peak | -16.73% | -70.90% | +54.17% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -39.88% | +35.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 46.34% | -39.48% |
Volatility
BOLD.DE vs. XRPI - Volatility Comparison
The current volatility for 21Shares Bitcoin Gold ETP (BOLD.DE) is 5.37%, while Volatility Shares XRP ETF (XRPI) has a volatility of 13.78%. This indicates that BOLD.DE experiences smaller price fluctuations and is considered to be less risky than XRPI 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 | XRPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 13.78% | -8.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.78% | 51.07% | -32.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.16% | 75.88% | -53.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 75.34% | -57.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 75.34% | -57.33% |
BOLD.DE vs. XRPI - Expense Ratio Comparison
BOLD.DE has a 0.65% expense ratio, which is lower than XRPI's 0.94% expense ratio.
Dividends
BOLD.DE vs. XRPI - Dividend Comparison
BOLD.DE has not paid dividends to shareholders, while XRPI's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 |
|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | 0.00% | 0.00% |
XRPI Volatility Shares XRP ETF | 3.80% | 1.54% |
Frequently Asked Questions
BOLD.DE and XRPI have a correlation of 0.50, 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 0.94% for XRPI.
They also come from different issuers: 21Shares and Volatility Shares. Their fees differ too: 0.65% for BOLD.DE and 0.94% for XRPI.
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