GLDA.DE vs. BOLD.DE
GLDA.DE (Amundi Physical Gold ETC (C)) and BOLD.DE (21Shares Bitcoin Gold ETP) are both exchange-traded funds - GLDA.DE is a Gold fund tracking the Gold, while BOLD.DE is a Cryptocurrency fund actively managed by 21Shares. GLDA.DE is passively managed, while BOLD.DE is actively managed. Over the past 3 years, GLDA.DE returned 26.12%/yr vs 24.63%/yr for BOLD.DE. Their 0.60 correlation means they have sometimes moved together and sometimes differently. GLDA.DE charges 0.12%/yr vs 0.65%/yr for BOLD.DE.
Performance
GLDA.DE vs. BOLD.DE - Performance Comparison
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Different Trading Currencies
GLDA.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, GLDA.DE achieves a -5.47% return, which is significantly higher than BOLD.DE's -9.14% return.
GLDA.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.18%
- YTD
- -5.47%
- 1Y
- 21.05%
- 3Y*
- 26.12%
- 5Y*
- 18.65%
- 10Y*
- —
- ALL TIME*
- 15.52%
BOLD.DE
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- -9.41%
- YTD
- -9.14%
- 1Y
- -2.68%
- 3Y*
- 24.63%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BOLD.DE 21Shares Bitcoin Gold ETP | €13.62K | €15.30K | €33.30K |
GLDA.DE Amundi Physical Gold ETC (C) | €2.06M | €2.09M | €2.29M |
GLDA.DE vs. BOLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | -5.47% | 48.99% | 34.24% | 9.40% | -1.84% |
BOLD.DE 21Shares Bitcoin Gold ETP | -9.14% | 11.16% | 67.20% | 29.02% | -10.27% |
Correlation
The correlation between GLDA.DE and BOLD.DE is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 24, 2022 | 0.60 |
The correlation between GLDA.DE and BOLD.DE shifts across timeframes, from 0.60 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.DE vs. BOLD.DE — Risk / Return Rank
GLDA.DE
BOLD.DE
GLDA.DE vs. BOLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.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.
| GLDA.DE | BOLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.00 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | -0.14 | +1.07 |
| Martin ratioReturn relative to average drawdown | 1.96 | -0.30 | +2.26 |
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Drawdowns
GLDA.DE vs. BOLD.DE - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.55%, which is greater than BOLD.DE's maximum drawdown of -19.76%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and BOLD.DE.
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Drawdown Indicators
| GLDA.DE | BOLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -19.76% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -22.55% | -19.76% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -22.55% | -19.76% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | — | — |
Current DrawdownCurrent decline from peak | -21.79% | -17.46% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -5.55% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.74% | 9.04% | +1.70% |
Volatility
GLDA.DE vs. BOLD.DE - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) and 21Shares Bitcoin Gold ETP (BOLD.DE) have volatilities of 5.98% and 6.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.DE | BOLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 6.21% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 18.06% | 18.82% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.75% | 24.52% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 20.12% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 20.12% | -3.99% |
GLDA.DE vs. BOLD.DE - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is lower than BOLD.DE's 0.65% expense ratio.
Dividends
GLDA.DE vs. BOLD.DE - Dividend Comparison
Neither GLDA.DE nor BOLD.DE has paid dividends to shareholders.
Frequently Asked Questions
GLDA.DE and BOLD.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for BOLD.DE.
GLDA.DE is categorized as Gold, while BOLD.DE is Cryptocurrency. They also come from different issuers: Amundi and 21Shares. Their fees differ too: 0.12% for GLDA.DE and 0.65% for BOLD.DE.
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