AGC.AX vs. BAR

Last updated Apr 2, 2026

Compare and contrast key facts about Australian Gold and Copper Limited (AGC.AX) and GraniteShares Gold Trust (BAR).

BAR is a passively managed fund by GraniteShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Aug 31, 2017.

Performance

AGC.AX vs. BAR - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Australian Gold and Copper Limited (AGC.AX) and GraniteShares Gold Trust (BAR). The values are adjusted to include any dividend payments, if applicable.

AGC.AX vs. BAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AGC.AX Australian Gold and Copper Limited	-15.56%	50.00%	111.27%	18.33%	-40.00%	-51.22%
BAR GraniteShares Gold Trust	7.07%	52.20%	39.75%	13.05%	6.02%	4.11%

Different Trading Currencies

AGC.AX is traded in AUD, while BAR is traded in USD. To make them comparable, the BAR values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGC.AX achieves a -15.56% return, which is significantly lower than BAR's 7.07% return.

AGC.AX

• 1D: 5.56%
• 1M: -20.83%
• YTD: -15.56%
• 6M: -2.56%
• 1Y: -0.00%
• 3Y*: 52.57%
• 5Y*: 2.86%
• 10Y*: —

BAR

• 1D: 1.96%
• 1M: -7.93%
• YTD: 7.07%
• 6M: 18.24%
• 1Y: 38.98%
• 3Y*: 32.68%
• 5Y*: 24.75%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AGC.AX vs. BAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGC.AX

AGC.AX Risk / Return Rank: 45
AGC.AX Sharpe Ratio Rank: 39
AGC.AX Sortino Ratio Rank: 44
AGC.AX Omega Ratio Rank: 42
AGC.AX Calmar Ratio Rank: 49
AGC.AX Martin Ratio Rank: 51

BAR

BAR Risk / Return Rank: 86
BAR Sharpe Ratio Rank: 88
BAR Sortino Ratio Rank: 85
BAR Omega Ratio Rank: 85
BAR Calmar Ratio Rank: 86
BAR Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGC.AX vs. BAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Australian Gold and Copper Limited (AGC.AX) 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.

	AGC.AX	BAR	Difference
Sharpe ratio Return per unit of total volatility	-0.00	1.58	-1.58
Sortino ratio Return per unit of downside risk	0.63	2.01	-1.38
Omega ratio Gain probability vs. loss probability	1.08	1.30	-0.23
Calmar ratio Return relative to maximum drawdown	0.38	2.12	-1.73
Martin ratio Return relative to average drawdown	1.11	7.16	-6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGC.AX vs. BAR - Sharpe Ratio Comparison

The current AGC.AX Sharpe Ratio is -0.00, which is lower than the BAR Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of AGC.AX and BAR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGC.AX	BAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	1.58	-1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	1.55	-1.52
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	1.19	-1.21

Correlation

The correlation between AGC.AX and BAR is 0.04, 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.

Dividends

AGC.AX vs. BAR - Dividend Comparison

Neither AGC.AX nor BAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AGC.AX vs. BAR - Drawdown Comparison

The maximum AGC.AX drawdown since its inception was -77.68%, which is greater than BAR's maximum drawdown of -23.00%. Use the drawdown chart below to compare losses from any high point for AGC.AX and BAR.

Drawdown Indicators

	AGC.AX	BAR	Difference
Max Drawdown Largest peak-to-trough decline	-77.68%	-21.53%	-56.15%
Max Drawdown (1Y) Largest decline over 1 year	-49.18%	-19.19%	-29.99%
Max Drawdown (5Y) Largest decline over 5 years	-77.68%	-20.91%	-56.77%
Current Drawdown Current decline from peak	-66.07%	-11.72%	-54.35%
Average Drawdown Average peak-to-trough decline	-59.10%	-6.30%	-52.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	5.24%	+11.65%

Volatility

AGC.AX vs. BAR - Volatility Comparison

Australian Gold and Copper Limited (AGC.AX) has a higher volatility of 33.86% compared to GraniteShares Gold Trust (BAR) at 9.83%. This indicates that AGC.AX's price experiences larger fluctuations and is considered to be riskier than BAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGC.AX	BAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.86%	9.83%	+24.03%
Volatility (6M) Calculated over the trailing 6-month period	61.52%	21.92%	+39.60%
Volatility (1Y) Calculated over the trailing 1-year period	82.63%	24.76%	+57.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.51%	16.02%	+76.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.47%	15.08%	+76.39%