G2X.DE vs. BITP.L
G2X.DE (VanEck Gold Miners UCITS ETF) and BITP.L (CoinShares Physical Bitcoin) are both exchange-traded funds - G2X.DE is a Gold fund tracking the NYSE Arca Gold Miners, while BITP.L is a Cryptocurrency fund actively managed by CoinShares. G2X.DE is passively managed, while BITP.L is actively managed. Over the past year, G2X.DE returned 47.29% vs -40.49% for BITP.L. At a 0.12 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.98%/yr for BITP.L.
Performance
G2X.DE vs. BITP.L - Performance Comparison
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Different Trading Currencies
G2X.DE is traded in EUR, while BITP.L is traded in GBP. To make them comparable, the BITP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, G2X.DE achieves a -8.45% return, which is significantly higher than BITP.L's -28.06% return.
G2X.DE
- 1D
- 5.67%
- 1M
- -14.87%
- YTD
- -8.45%
- 6M
- -4.07%
- 1Y
- 47.29%
- 3Y*
- 35.39%
- 5Y*
- 18.31%
- 10Y*
- 12.83%
BITP.L
- 1D
- 0.00%
- 1M
- -21.12%
- YTD
- -28.06%
- 6M
- -29.41%
- 1Y
- -40.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. BITP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -8.45% | 99.11% |
BITP.L CoinShares Physical Bitcoin | -28.06% | -19.52% |
Correlation
The correlation between G2X.DE and BITP.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025 | 0.12 |
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Return for Risk
G2X.DE vs. BITP.L — Risk / Return Rank
G2X.DE
BITP.L
G2X.DE vs. BITP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and CoinShares Physical Bitcoin (BITP.L). 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.
| G2X.DE | BITP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.83 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | -0.81 | +2.33 |
| Martin ratioReturn relative to average drawdown | 4.22 | -1.42 | +5.64 |
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Drawdowns
G2X.DE vs. BITP.L - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, smaller than the maximum BITP.L drawdown of -51.06%. Use the drawdown chart below to compare losses from any high point for G2X.DE and BITP.L.
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Drawdown Indicators
| G2X.DE | BITP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -51.06% | +5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -33.45% | -51.06% | +17.61% |
Max Drawdown (3Y)Largest decline over 3 years | -33.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -29.09% | -49.20% | +20.11% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -20.81% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.02% | 29.11% | -17.09% |
Volatility
G2X.DE vs. BITP.L - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 14.79% compared to CoinShares Physical Bitcoin (BITP.L) at 12.55%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than BITP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G2X.DE | BITP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.79% | 12.55% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 35.01% | 29.68% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.27% | 40.23% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.32% | 42.10% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 42.10% | -9.73% |
G2X.DE vs. BITP.L - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is lower than BITP.L's 0.98% expense ratio.
Dividends
G2X.DE vs. BITP.L - Dividend Comparison
Neither G2X.DE nor BITP.L has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and BITP.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G2X.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2X.DE is cheaper with a 0.53% expense ratio, compared with 0.98% for BITP.L.
G2X.DE is categorized as Gold, while BITP.L is Cryptocurrency. They also come from different issuers: VanEck and CoinShares. Their fees differ too: 0.53% for G2X.DE and 0.98% for BITP.L.
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