GOLDX vs. BTC-USD
GOLDX (Gabelli Gold Fund) is Precious Metals fund managed by Gabelli, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, GOLDX returned 14.52%/yr vs 60.98%/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 1.07% return, which is significantly higher than BTC-USD's -23.17% return. Over the past 10 years, GOLDX has underperformed BTC-USD with an annualized return of 14.52%, while BTC-USD has yielded a comparatively higher 60.98% annualized return.
GOLDX
- 1D
- -3.08%
- 1M
- -1.54%
- YTD
- 1.07%
- 6M
- 8.57%
- 1Y
- 68.25%
- 3Y*
- 45.36%
- 5Y*
- 20.27%
- 10Y*
- 14.52%
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
GOLDX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 1.07% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
BTC-USD Bitcoin | -23.17% | -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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2012 | 0.09 |
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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.
| GOLDX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | -0.85 | +2.66 |
Sortino ratioReturn per unit of downside risk | 2.16 | -1.14 | +3.30 |
Omega ratioGain probability vs. loss probability | 1.31 | 0.88 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | -1.07 | +3.50 |
Martin ratioReturn relative to average drawdown | 6.58 | -1.57 | +8.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOLDX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | -0.85 | +2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.24 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.89 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.14 | -0.91 |
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 | -31.96% | -49.65% | +17.69% |
Max Drawdown (3Y)Largest decline over 3 years | -31.96% | -49.65% | +17.69% |
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 | -25.93% | -46.10% | +20.17% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -42.27% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 33.71% | -21.92% |
Volatility
GOLDX vs. BTC-USD - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 14.29% compared to Bitcoin (BTC-USD) at 9.90%. 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 | 14.29% | 9.90% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | 33.98% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.68% | 35.37% | +7.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.54% | 45.01% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.26% | 56.68% | -24.42% |
Frequently Asked Questions
GOLDX and BTC-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLDX has higher volatility (14.29%) compared to BTC-USD (9.90%). In terms of maximum drawdown, GOLDX dropped -73.40% vs BTC-USD's -85.30%.
GOLDX currently has the higher Sharpe Ratio (1.81 vs -0.85), 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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