GLDN.AX vs. BTGD
GLDN.AX (Ishares Physical Gold ETF) and BTGD (STKD Bitcoin & Gold ETF) are both exchange-traded funds - GLDN.AX is a Gold fund tracking the LBMA Gold Price PM AUD Index, while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. GLDN.AX is passively managed, while BTGD is actively managed. Over the past year, GLDN.AX returned 20.68% vs -36.97% for BTGD. At a 0.15 correlation, their price movements are largely independent. GLDN.AX charges 0.18%/yr vs 1.00%/yr for BTGD.
Performance
GLDN.AX vs. BTGD - Performance Comparison
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Different Trading Currencies
GLDN.AX is traded in AUD, while BTGD is traded in USD. To make them comparable, the BTGD 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 -3.58% return, which is significantly higher than BTGD's -34.26% return.
GLDN.AX
- 1D
- 0.67%
- 1M
- -1.25%
- YTD
- -3.58%
- 6M
- -1.13%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTGD
- 1D
- -1.57%
- 1M
- -23.37%
- YTD
- -34.26%
- 6M
- -37.37%
- 1Y
- -36.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDN.AX vs. BTGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDN.AX Ishares Physical Gold ETF | -3.58% | 55.11% | 4.94% |
BTGD STKD Bitcoin & Gold ETF | -34.26% | 24.84% | 39.84% |
Correlation
The correlation between GLDN.AX and BTGD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.15 |
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Return for Risk
GLDN.AX vs. BTGD — Risk / Return Rank
GLDN.AX
BTGD
GLDN.AX vs. BTGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Physical Gold ETF (GLDN.AX) and STKD Bitcoin & Gold ETF (BTGD). 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 | BTGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.90 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.71 | +1.66 |
| Martin ratioReturn relative to average drawdown | 2.23 | -1.39 | +3.62 |
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 | BTGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.72 | +1.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.17 | +1.45 |
Drawdowns
GLDN.AX vs. BTGD - Drawdown Comparison
The maximum GLDN.AX drawdown since its inception was -21.43%, smaller than the maximum BTGD drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for GLDN.AX and BTGD.
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Drawdown Indicators
| GLDN.AX | BTGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.43% | -52.49% | +31.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -52.49% | +31.06% |
Current DrawdownCurrent decline from peak | -20.00% | -52.49% | +32.49% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -15.79% | +11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.22% | 26.70% | -17.48% |
Volatility
GLDN.AX vs. BTGD - Volatility Comparison
The current volatility for Ishares Physical Gold ETF (GLDN.AX) is 4.92%, while STKD Bitcoin & Gold ETF (BTGD) has a volatility of 10.12%. This indicates that GLDN.AX experiences smaller price fluctuations and is considered to be less risky than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDN.AX | BTGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 10.12% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.11% | 42.23% | -21.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.58% | 51.42% | -26.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 52.55% | -33.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 52.55% | -33.06% |
GLDN.AX vs. BTGD - Expense Ratio Comparison
GLDN.AX has a 0.18% expense ratio, which is lower than BTGD's 1.00% expense ratio.
Dividends
GLDN.AX vs. BTGD - Dividend Comparison
GLDN.AX's dividend yield for the trailing twelve months is around 0.08%, less than BTGD's 4.80% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTGD STKD Bitcoin & Gold ETF | 4.80% | 3.36% | 0.19% |
GLDN.AX Ishares Physical Gold ETF | 0.08% | 0.07% | 0.00% |
Frequently Asked Questions
GLDN.AX and BTGD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDN.AX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDN.AX is cheaper with a 0.18% expense ratio, compared with 1.00% for BTGD.
GLDN.AX is categorized as Gold, while BTGD is Cryptocurrency. They also come from different issuers: iShares and Quantify Funds. Their fees differ too: 0.18% for GLDN.AX and 1.00% for BTGD.
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