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.
Correlation
The correlation between GOLDX and BTC-USD is 0.08, 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
Key characteristics
GOLDX:
2.28
BTC-USD:
1.16
GOLDX:
2.84
BTC-USD:
1.81
GOLDX:
1.40
BTC-USD:
1.18
GOLDX:
1.31
BTC-USD:
0.86
GOLDX:
8.76
BTC-USD:
5.33
GOLDX:
7.56%
BTC-USD:
11.02%
GOLDX:
29.05%
BTC-USD:
42.72%
GOLDX:
-79.86%
BTC-USD:
-93.07%
GOLDX:
-17.78%
BTC-USD:
-20.02%
Returns By Period
In the year-to-date period, GOLDX achieves a 50.92% return, which is significantly higher than BTC-USD's -9.13% return. Over the past 10 years, GOLDX has underperformed BTC-USD with an annualized return of 11.63%, while BTC-USD has yielded a comparatively higher 80.22% annualized return.
GOLDX
50.92%
16.09%
25.26%
62.12%
13.83%
11.63%
BTC-USD
-9.13%
-2.25%
24.08%
33.67%
63.89%
80.22%
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Risk-Adjusted Performance
GOLDX vs. BTC-USD — Risk-Adjusted Performance Rank
GOLDX
BTC-USD
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 -79.86%, 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 14.55%, while Bitcoin (BTC-USD) has a volatility of 16.06%. 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.