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GOLB.L vs. BTC-USD
Performance
Return for Risk
Drawdowns
Volatility

Performance

GOLB.L vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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GOLB.L vs. BTC-USD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GOLB.L
Market Access NYSE Arca Gold Bugs UCITS ETF
18.61%138.45%14.05%0.34%1.34%-14.65%84.95%0.00%0.00%0.00%
BTC-USD
Bitcoin
-20.34%-12.95%125.81%140.73%-59.81%60.91%292.68%86.71%-73.15%1,284.82%
Different Trading Currencies

GOLB.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOLB.L achieves a 18.61% return, which is significantly higher than BTC-USD's -20.55% return. Over the past 10 years, GOLB.L has underperformed BTC-USD with an annualized return of 17.87%, while BTC-USD has yielded a comparatively higher 67.69% annualized return.


GOLB.L

1D
7.10%
1M
-14.22%
YTD
18.61%
6M
34.04%
1Y
119.37%
3Y*
44.09%
5Y*
26.04%
10Y*
17.87%

BTC-USD

1D
0.00%
1M
0.48%
YTD
-20.55%
6M
-41.39%
1Y
-21.72%
3Y*
30.74%
5Y*
3.89%
10Y*
67.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

GOLB.L vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLB.L
GOLB.L Risk / Return Rank: 9494
Overall Rank
GOLB.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
GOLB.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
GOLB.L Omega Ratio Rank: 9292
Omega Ratio Rank
GOLB.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
GOLB.L Martin Ratio Rank: 9494
Martin Ratio Rank

BTC-USD
BTC-USD Risk / Return Rank: 4343
Overall Rank
BTC-USD Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
BTC-USD Sortino Ratio Rank: 5555
Sortino Ratio Rank
BTC-USD Omega Ratio Rank: 5151
Omega Ratio Rank
BTC-USD Calmar Ratio Rank: 4343
Calmar Ratio Rank
BTC-USD Martin Ratio Rank: 44
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOLB.L vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and Bitcoin (BTC-USD). 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.


GOLB.LBTC-USDDifference

Sharpe ratio

Return per unit of total volatility

2.85

-0.50

+3.35

Sortino ratio

Return per unit of downside risk

3.00

-0.47

+3.48

Omega ratio

Gain probability vs. loss probability

1.42

0.95

+0.47

Calmar ratio

Return relative to maximum drawdown

4.35

-1.07

+5.42

Martin ratio

Return relative to average drawdown

15.54

-1.96

+17.50

GOLB.L vs. BTC-USD - Sharpe Ratio Comparison

The current GOLB.L Sharpe Ratio is 2.85, which is higher than the BTC-USD Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of GOLB.L and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


GOLB.LBTC-USDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

-0.50

+3.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.07

+0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

1.00

-0.48

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

1.21

-1.05

Correlation

The correlation between GOLB.L and BTC-USD is 0.03, 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.


Drawdowns

GOLB.L vs. BTC-USD - Drawdown Comparison

The maximum GOLB.L drawdown since its inception was -84.29%, roughly equal to the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for GOLB.L and BTC-USD.


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Drawdown Indicators


GOLB.LBTC-USDDifference

Max Drawdown

Largest peak-to-trough decline

-84.29%

-85.30%

+1.01%

Max Drawdown (1Y)

Largest decline over 1 year

-28.11%

-49.65%

+21.54%

Max Drawdown (5Y)

Largest decline over 5 years

-37.60%

-76.67%

+39.07%

Max Drawdown (10Y)

Largest decline over 10 years

-44.07%

-83.80%

+39.73%

Current Drawdown

Current decline from peak

-14.37%

-45.02%

+30.65%

Average Drawdown

Average peak-to-trough decline

-49.68%

-41.99%

-7.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.87%

27.60%

-19.73%

Volatility

GOLB.L vs. BTC-USD - Volatility Comparison

Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) has a higher volatility of 17.41% compared to Bitcoin (BTC-USD) at 13.30%. This indicates that GOLB.L's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GOLB.LBTC-USDDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.41%

13.30%

+4.11%

Volatility (6M)

Calculated over the trailing 6-month period

35.00%

35.05%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

41.70%

36.16%

+5.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.38%

46.45%

-13.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.93%

56.08%

-22.15%