ESGP.DE vs. BOLD.DE
ESGP.DE (Gold Miners Screened UCITS ETF) and BOLD.DE (21Shares Bitcoin Gold ETP) are both exchange-traded funds - ESGP.DE is a Gold fund tracking the VettaFi Gold Miners Screened Index, while BOLD.DE is a Cryptocurrency fund actively managed by 21Shares. ESGP.DE is passively managed, while BOLD.DE is actively managed. Over the past 3 years, ESGP.DE returned 10.79%/yr vs 26.26%/yr for BOLD.DE. At a 0.27 correlation, their price movements are largely independent. ESGP.DE charges 0.60%/yr vs 0.65%/yr for BOLD.DE.
Performance
ESGP.DE vs. BOLD.DE - Performance Comparison
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Different Trading Currencies
ESGP.DE is traded in EUR, while BOLD.DE is traded in USD. To make them comparable, the BOLD.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGP.DE achieves a 11.07% return, which is significantly higher than BOLD.DE's -6.98% return.
ESGP.DE
- 1D
- 0.00%
- 1M
- 3.62%
- 6M
- 9.14%
- YTD
- 11.07%
- 1Y
- 15.42%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
BOLD.DE
- 1D
- 0.00%
- 1M
- -1.91%
- 6M
- -14.28%
- YTD
- -6.98%
- 1Y
- 0.13%
- 3Y*
- 26.26%
- 5Y*
- —
- 10Y*
- —
ESGP.DE vs. BOLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESGP.DE Gold Miners Screened UCITS ETF | 11.07% | 5.79% | 12.94% | 2.10% | -2.76% |
BOLD.DE 21Shares Bitcoin Gold ETP | -6.98% | 11.16% | 67.20% | 29.02% | -10.27% |
Correlation
The correlation between ESGP.DE and BOLD.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.27 |
The correlation between ESGP.DE and BOLD.DE shifts across timeframes, from 0.27 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESGP.DE vs. BOLD.DE — Risk / Return Rank
ESGP.DE
BOLD.DE
ESGP.DE vs. BOLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Miners Screened UCITS ETF (ESGP.DE) and 21Shares Bitcoin Gold ETP (BOLD.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.
| ESGP.DE | BOLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.01 | +2.45 |
| Martin ratioReturn relative to average drawdown | 6.94 | 0.02 | +6.93 |
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Drawdowns
ESGP.DE vs. BOLD.DE - Drawdown Comparison
The maximum ESGP.DE drawdown since its inception was -20.50%, roughly equal to the maximum BOLD.DE drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for ESGP.DE and BOLD.DE.
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Drawdown Indicators
| ESGP.DE | BOLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -19.76% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -19.76% | +13.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.50% | -19.76% | -0.74% |
Current DrawdownCurrent decline from peak | 0.00% | -15.50% | +15.50% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -5.40% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 8.17% | -5.94% |
Volatility
ESGP.DE vs. BOLD.DE - Volatility Comparison
The current volatility for Gold Miners Screened UCITS ETF (ESGP.DE) is 2.19%, while 21Shares Bitcoin Gold ETP (BOLD.DE) has a volatility of 7.49%. This indicates that ESGP.DE experiences smaller price fluctuations and is considered to be less risky than BOLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGP.DE | BOLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 7.49% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 20.17% | -11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 24.54% | -12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 20.14% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 20.14% | -5.70% |
ESGP.DE vs. BOLD.DE - Expense Ratio Comparison
ESGP.DE has a 0.60% expense ratio, which is lower than BOLD.DE's 0.65% expense ratio.
Dividends
ESGP.DE vs. BOLD.DE - Dividend Comparison
Neither ESGP.DE nor BOLD.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGP.DE and BOLD.DE have a correlation of 0.42, 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.
ESGP.DE is categorized as Gold, while BOLD.DE is Cryptocurrency. They also come from different issuers: HANetf and 21Shares. Their fees differ too: 0.60% for ESGP.DE and 0.65% for BOLD.DE.
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