BOTT vs. AAAU

Last updated Jun 14, 2026

BOTT (Themes Humanoid Robotics ETF) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past year, BOTT returned 72.18% vs 22.47% for AAAU. At a 0.25 correlation, their price movements are largely independent. BOTT charges 0.35%/yr vs 0.18%/yr for AAAU.

Performance

BOTT vs. AAAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Humanoid Robotics ETF (BOTT) and Goldman Sachs Physical Gold ETF (AAAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOTT achieves a 17.49% return, which is significantly higher than AAAU's -2.40% return.

BOTT

• 1D: -1.88%
• 1M: -9.26%
• YTD: 17.49%
• 6M: 21.97%
• 1Y: 72.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAAU

• 1D: 0.12%
• 1M: -7.36%
• YTD: -2.40%
• 6M: -2.14%
• 1Y: 22.47%
• 3Y*: 29.19%
• 5Y*: 17.33%
• 10Y*: —

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

BOTT vs. AAAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BOTT Themes Humanoid Robotics ETF	17.49%	55.56%	10.73%
AAAU Goldman Sachs Physical Gold ETF	-2.40%	64.06%	9.73%

Correlation

The correlation between BOTT and AAAU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024	0.25

Return for Risk

BOTT vs. AAAU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOTT

BOTT Risk / Return Rank: 55
BOTT Sharpe Ratio Rank: 65
BOTT Sortino Ratio Rank: 62
BOTT Omega Ratio Rank: 55
BOTT Calmar Ratio Rank: 52
BOTT Martin Ratio Rank: 42

AAAU

AAAU Risk / Return Rank: 26
AAAU Sharpe Ratio Rank: 28
AAAU Sortino Ratio Rank: 25
AAAU Omega Ratio Rank: 31
AAAU Calmar Ratio Rank: 24
AAAU Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOTT vs. AAAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Humanoid Robotics ETF (BOTT) and Goldman Sachs Physical Gold ETF (AAAU). 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.

	BOTT	AAAU	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.89	+0.96
Sortino ratio: Return per unit of downside risk	2.51	1.26	+1.25
Omega ratio: Gain probability vs. loss probability	1.30	1.19	+0.11
Calmar ratio: Return relative to maximum drawdown	2.28	0.99	+1.29
Martin ratio: Return relative to average drawdown	5.90	2.86	+3.04

BOTT vs. AAAU - Sharpe Ratio Comparison

The current BOTT Sharpe Ratio is 1.85, which is higher than the AAAU Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BOTT and AAAU, 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

BOTT vs. AAAU - Drawdown Comparison

The maximum BOTT drawdown since its inception was -30.74%, which is greater than AAAU's maximum drawdown of -24.38%. Use the drawdown chart below to compare losses from any high point for BOTT and AAAU.

Drawdown Indicators

	BOTT	AAAU	Difference
Max Drawdown Largest peak-to-trough decline	-30.74%	-24.38%	-6.36%
Max Drawdown (1Y) Largest decline over 1 year	-30.74%	-24.38%	-6.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.38%	—
Current Drawdown Current decline from peak	-21.37%	-21.95%	+0.58%
Average Drawdown Average peak-to-trough decline	-6.91%	-6.23%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.86%	8.44%	+3.42%

Volatility

BOTT vs. AAAU - Volatility Comparison

Themes Humanoid Robotics ETF (BOTT) has a higher volatility of 10.84% compared to Goldman Sachs Physical Gold ETF (AAAU) at 7.77%. This indicates that BOTT's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOTT	AAAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	7.77%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	31.73%	23.88%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	37.77%	27.10%	+10.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	18.06%	+15.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	17.13%	+16.34%

BOTT vs. AAAU - Expense Ratio Comparison

BOTT has a 0.35% expense ratio, which is higher than AAAU's 0.18% expense ratio.

Dividends

BOTT vs. AAAU - Dividend Comparison

BOTT's dividend yield for the trailing twelve months is around 0.12%, while AAAU has not paid dividends to shareholders.

Position	TTM	2025	2024
AAAU Goldman Sachs Physical Gold ETF	0.00%	0.00%	0.00%
BOTT Themes Humanoid Robotics ETF	0.12%	0.14%	1.74%

Frequently Asked Questions

Can I hold both BOTT and AAAU in my portfolio?

BOTT and AAAU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOTT or AAAU?

BOTT has higher volatility (10.84%) compared to AAAU (7.77%). In terms of maximum drawdown, BOTT dropped -30.74% vs AAAU's -24.38%.

Which ETF is better, BOTT or AAAU?

On 1-year performance, BOTT leads with 72.18% vs 22.47% for AAAU. On fees, AAAU is cheaper at 0.18% per year. On volatility, AAAU has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOTT or AAAU?

Over the 1-year period, BOTT has performed better with a 72.18% return vs 22.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOTT or AAAU?

AAAU is cheaper with a 0.18% expense ratio, compared with 0.35% for BOTT.

Which ETF pays a higher dividend yield, BOTT or AAAU?

BOTT has the higher dividend yield at 0.12%, compared with 0.00% for AAAU.

What is the main difference between BOTT and AAAU?

BOTT is categorized as Robotics, while AAAU is Gold. BOTT tracks Solactive Global Humanoid Robotics Index, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: Themes and Goldman Sachs. Their fees differ too: 0.35% for BOTT and 0.18% for AAAU.

Which has better risk-adjusted returns?

BOTT currently has the higher Sharpe Ratio (1.85 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.