GLDN.AX vs. BOLD.DE
Compare and contrast key facts about Ishares Physical Gold ETF (GLDN.AX) and 21Shares Bitcoin Gold ETP (BOLD.DE).
GLDN.AX and BOLD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDN.AX is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM AUD Index. It was launched on Nov 1, 2023. BOLD.DE is an actively managed fund by 21Shares. It was launched on Apr 26, 2022.
Performance
GLDN.AX vs. BOLD.DE - Performance Comparison
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GLDN.AX vs. BOLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 2.48% | 55.11% | 38.15% | -2.11% |
BOLD.DE 21Shares Bitcoin Gold ETP | -5.64% | 16.56% | 72.65% | -1.37% |
Different Trading Currencies
GLDN.AX is traded in AUD, while BOLD.DE is traded in USD. To make them comparable, the BOLD.DE values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDN.AX achieves a 2.48% return, which is significantly higher than BOLD.DE's -5.64% return.
GLDN.AX
- 1D
- 1.67%
- 1M
- -8.29%
- YTD
- 2.48%
- 6M
- 13.48%
- 1Y
- 34.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOLD.DE
- 1D
- -1.20%
- 1M
- -0.91%
- YTD
- -5.64%
- 6M
- -6.13%
- 1Y
- 3.01%
- 3Y*
- 27.74%
- 5Y*
- —
- 10Y*
- —
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GLDN.AX vs. BOLD.DE - Expense Ratio Comparison
GLDN.AX has a 0.18% expense ratio, which is lower than BOLD.DE's 0.65% expense ratio.
Return for Risk
GLDN.AX vs. BOLD.DE — Risk / Return Rank
GLDN.AX
BOLD.DE
GLDN.AX vs. BOLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) 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.
| GLDN.AX | BOLD.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 0.14 | +1.18 |
Sortino ratioReturn per unit of downside risk | 1.77 | 0.35 | +1.43 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.04 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.16 | +1.40 |
Martin ratioReturn relative to average drawdown | 5.10 | 0.40 | +4.70 |
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
| GLDN.AX | BOLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 0.14 | +1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.92 | 1.27 | +0.64 |
Correlation
The correlation between GLDN.AX and BOLD.DE is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLDN.AX vs. BOLD.DE - Dividend Comparison
GLDN.AX's dividend yield for the trailing twelve months is around 0.07%, while BOLD.DE has not paid dividends to shareholders.
| TTM | 2025 | |
|---|---|---|
GLDN.AX Ishares Physical Gold ETF | 0.07% | 0.07% |
BOLD.DE 21Shares Bitcoin Gold ETP | 0.00% | 0.00% |
Drawdowns
GLDN.AX vs. BOLD.DE - Drawdown Comparison
The maximum GLDN.AX drawdown since its inception was -20.81%, which is greater than BOLD.DE's maximum drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for GLDN.AX and BOLD.DE.
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Drawdown Indicators
| GLDN.AX | BOLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.81% | -14.69% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -20.81% | -14.69% | -6.12% |
Current DrawdownCurrent decline from peak | -14.98% | -13.07% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -4.01% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 5.68% | +0.70% |
Volatility
GLDN.AX vs. BOLD.DE - Volatility Comparison
Ishares Physical Gold ETF (GLDN.AX) and 21Shares Bitcoin Gold ETP (BOLD.DE) have volatilities of 9.88% and 9.53%, 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
| GLDN.AX | BOLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 9.53% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 22.84% | 18.10% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.99% | 21.79% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.68% | 19.25% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.68% | 19.25% | +0.43% |