GOLDX vs. BTC-USD
Compare and contrast key facts about Gabelli Gold Fund (GOLDX) and Bitcoin (BTC-USD).
GOLDX is managed by Gabelli. It was launched on Jul 10, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLDX or BTC-USD.
Key characteristics
GOLDX | BTC-USD | |
---|---|---|
YTD Return | 28.24% | 55.66% |
1Y Return | 50.69% | 143.47% |
3Y Return (Ann) | 11.21% | 17.04% |
5Y Return (Ann) | 9.47% | 52.02% |
10Y Return (Ann) | 7.86% | 67.13% |
Sharpe Ratio | 1.91 | 1.73 |
Daily Std Dev | 26.69% | 43.36% |
Max Drawdown | -73.86% | -93.07% |
Current Drawdown | -20.49% | -9.98% |
Correlation
The correlation between GOLDX and BTC-USD is 0.07, 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.
Performance
GOLDX vs. BTC-USD - Performance Comparison
In the year-to-date period, GOLDX achieves a 28.24% return, which is significantly lower than BTC-USD's 55.66% return. Over the past 10 years, GOLDX has underperformed BTC-USD with an annualized return of 7.86%, while BTC-USD has yielded a comparatively higher 67.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GOLDX vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) 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.
Drawdowns
GOLDX vs. BTC-USD - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.86%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for GOLDX and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
GOLDX vs. BTC-USD - Volatility Comparison
The current volatility for Gabelli Gold Fund (GOLDX) is 8.30%, while Bitcoin (BTC-USD) has a volatility of 11.67%. This indicates that GOLDX 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.