GOLDX vs. BTC-USD
GOLDX (Gabelli Gold Fund) is Gold fund actively managed by Gabelli, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, GOLDX returned 13.00%/yr vs 57.41%/yr for BTC-USD. At a 0.09 correlation, their price movements are largely independent.
Performance
GOLDX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, GOLDX achieves a -4.65% return, which is significantly higher than BTC-USD's -28.07% return. Over the past 10 years, GOLDX has underperformed BTC-USD with an annualized return of 13.00%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
GOLDX
- 1D
- -1.33%
- 1M
- -3.56%
- YTD
- -4.65%
- 6M
- -9.29%
- 1Y
- 60.32%
- 3Y*
- 45.67%
- 5Y*
- 21.54%
- 10Y*
- 13.00%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
GOLDX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -4.65% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
BTC-USD Bitcoin | -28.07% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between GOLDX and BTC-USD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2012 | 0.09 |
The correlation between GOLDX and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOLDX vs. BTC-USD — Risk / Return Rank
GOLDX
BTC-USD
GOLDX vs. BTC-USD - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOLDX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.79 | +2.44 |
| Martin ratioReturn relative to average drawdown | 4.52 | -1.32 | +5.85 |
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Drawdowns
GOLDX vs. BTC-USD - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for GOLDX and BTC-USD.
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Drawdown Indicators
| GOLDX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -85.30% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -37.54% | -51.21% | +13.67% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | -51.21% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -76.67% | +31.94% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -83.80% | +34.38% |
Current DrawdownCurrent decline from peak | -30.12% | -49.54% | +19.42% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -42.40% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.67% | 31.29% | -17.62% |
Volatility
GOLDX vs. BTC-USD - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 16.92% compared to Bitcoin (BTC-USD) at 12.23%. This indicates that GOLDX'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
| GOLDX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.92% | 12.23% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 38.14% | 34.57% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.68% | 35.70% | +8.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.08% | 44.26% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 56.41% | -24.01% |
Frequently Asked Questions
GOLDX and BTC-USD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLDX has higher volatility (16.92%) compared to BTC-USD (12.23%). In terms of maximum drawdown, GOLDX dropped -73.40% vs BTC-USD's -85.30%.
GOLDX currently has the higher Sharpe Ratio (1.39 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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