GOLD.AS vs. BTC-USD
GOLD.AS (Amundi Physical Gold ETC C) is Precious Metals fund tracking the LMBA Gold Price PM USD, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, GOLD.AS returned 18.61%/yr vs 12.25%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
GOLD.AS vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOLD.AS achieves a 3.60% return, which is significantly higher than BTC-USD's -27.60% return.
GOLD.AS
- 1D
- 0.67%
- 1M
- -2.36%
- YTD
- 3.60%
- 6M
- 6.02%
- 1Y
- 32.35%
- 3Y*
- 31.56%
- 5Y*
- 18.61%
- 10Y*
- —
BTC-USD
- 1D
- -1.08%
- 1M
- -21.71%
- YTD
- -27.60%
- 6M
- -31.22%
- 1Y
- -39.53%
- 3Y*
- 35.01%
- 5Y*
- 12.25%
- 10Y*
- 59.71%
GOLD.AS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GOLD.AS Amundi Physical Gold ETC C | 3.60% | 64.94% | 26.36% | 13.35% | -0.13% | -4.09% | 24.31% | 18.40% |
BTC-USD Bitcoin | -27.60% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | -9.09% |
Correlation
The correlation between GOLD.AS and BTC-USD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 24, 2019 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOLD.AS vs. BTC-USD — Risk / Return Rank
GOLD.AS
BTC-USD
GOLD.AS vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC C (GOLD.AS) 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.
| GOLD.AS | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.87 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | -0.80 | +2.59 |
| Martin ratioReturn relative to average drawdown | 4.71 | -1.39 | +6.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GOLD.AS | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.92 | +2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.23 | +0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.13 | -0.02 |
Drawdowns
GOLD.AS vs. BTC-USD - Drawdown Comparison
The maximum GOLD.AS drawdown since its inception was -21.14%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for GOLD.AS and BTC-USD.
Loading charts...
Drawdown Indicators
| GOLD.AS | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -85.30% | +64.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.83% | -49.65% | +31.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.83% | -49.65% | +31.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.14% | -76.67% | +55.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -15.66% | -49.21% | +33.55% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -42.28% | +35.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 33.87% | -27.06% |
Volatility
GOLD.AS vs. BTC-USD - Volatility Comparison
The current volatility for Amundi Physical Gold ETC C (GOLD.AS) is 6.14%, while Bitcoin (BTC-USD) has a volatility of 10.14%. This indicates that GOLD.AS experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOLD.AS | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 10.14% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 34.17% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.03% | 35.51% | -10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 44.98% | -27.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.01% | 56.69% | -39.68% |
Frequently Asked Questions
GOLD.AS and BTC-USD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GOLD.AS and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer