ADME vs. BAR
ADME (Aptus Drawdown Managed Equity ETF) and BAR (GraniteShares Gold Trust) are both exchange-traded funds - ADME is a Hedge Fund fund tracking the Aptus Behavioral Momentum Index, while BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 5 years, ADME returned 8.23%/yr vs 18.41%/yr for BAR. At a 0.09 correlation, their price movements are largely independent. ADME charges 0.79%/yr vs 0.17%/yr for BAR.
Performance
ADME vs. BAR - Performance Comparison
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Returns By Period
In the year-to-date period, ADME achieves a 9.81% return, which is significantly higher than BAR's 2.94% return.
ADME
- 1D
- -0.72%
- 1M
- 4.45%
- YTD
- 9.81%
- 6M
- 8.93%
- 1Y
- 20.89%
- 3Y*
- 17.40%
- 5Y*
- 8.23%
- 10Y*
- —
BAR
- 1D
- -1.02%
- 1M
- -1.62%
- YTD
- 2.94%
- 6M
- 5.50%
- 1Y
- 32.26%
- 3Y*
- 31.38%
- 5Y*
- 18.41%
- 10Y*
- —
ADME vs. BAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 9.81% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 7.75% |
BAR GraniteShares Gold Trust | 2.94% | 64.12% | 26.97% | 12.96% | -0.55% | -3.92% | 25.02% | 18.16% | -1.87% | -1.15% |
Correlation
The correlation between ADME and BAR is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017 | 0.09 |
The correlation between ADME and BAR shifts across timeframes, from 0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ADME vs. BAR — Risk / Return Rank
ADME
BAR
ADME vs. BAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and GraniteShares Gold Trust (BAR). 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.
| ADME | BAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.69 | +1.11 |
| Martin ratioReturn relative to average drawdown | 12.23 | 4.19 | +8.04 |
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
| ADME | BAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.23 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.03 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.90 | -0.27 |
Drawdowns
ADME vs. BAR - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for ADME and BAR.
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Drawdown Indicators
| ADME | BAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -21.53% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -19.19% | +11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -19.19% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -20.91% | -2.52% |
Current DrawdownCurrent decline from peak | -0.72% | -17.72% | +17.00% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -6.45% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 7.72% | -6.01% |
Volatility
ADME vs. BAR - Volatility Comparison
The current volatility for Aptus Drawdown Managed Equity ETF (ADME) is 2.99%, while GraniteShares Gold Trust (BAR) has a volatility of 5.46%. This indicates that ADME experiences smaller price fluctuations and is considered to be less risky than BAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADME | BAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 5.46% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 23.03% | -15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 26.43% | -16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 17.90% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 16.38% | -1.98% |
ADME vs. BAR - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than BAR's 0.17% expense ratio.
Dividends
ADME vs. BAR - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.37%, while BAR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.37% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% |
BAR GraniteShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ADME and BAR have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAR has higher volatility (5.46%) compared to ADME (2.99%). In terms of maximum drawdown, ADME dropped -27.49% vs BAR's -21.53%.
On 5-year performance, BAR leads with 18.41% vs 8.23% for ADME. On fees, BAR is cheaper at 0.17% per year. On volatility, ADME has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BAR has performed better with a 18.41% return vs 8.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAR is cheaper with a 0.17% expense ratio, compared with 0.79% for ADME.
ADME has the higher dividend yield at 0.37%, compared with 0.00% for BAR.
ADME is categorized as Hedge Fund, while BAR is Gold. ADME tracks Aptus Behavioral Momentum Index, while BAR tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Aptus Capital Advisors and GraniteShares. Their fees differ too: 0.79% for ADME and 0.17% for BAR.
ADME currently has the higher Sharpe Ratio (2.11 vs 1.23), 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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