AUAU vs. BAR

Last updated Jun 5, 2026

AUAU (Global X Gold Miners ETF) and BAR (GraniteShares Gold Trust) are both Gold funds - AUAU tracks the NYSE Arca Gold Miners Index while BAR tracks the LBMA Gold Price PM ($/ozt). Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. AUAU charges 0.35%/yr vs 0.17%/yr for BAR.

Performance

AUAU vs. BAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Gold Miners ETF (AUAU) and GraniteShares Gold Trust (BAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAU achieves a 1.62% return, which is significantly lower than BAR's 3.81% return.

AUAU

• 1D: 1.46%
• 1M: 0.39%
• YTD: 1.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAR

• 1D: 0.85%
• 1M: -1.67%
• YTD: 3.81%
• 6M: 6.31%
• 1Y: 32.58%
• 3Y*: 31.47%
• 5Y*: 18.61%
• 10Y*: —

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

AUAU vs. BAR - Yearly Performance Comparison

	2026 (YTD)	2025
AUAU Global X Gold Miners ETF	1.62%	4.18%
BAR GraniteShares Gold Trust	3.81%	1.92%

Correlation

The correlation between AUAU and BAR is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.82

Return for Risk

AUAU vs. BAR — Risk / Return Rank

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

BAR

BAR Risk / Return Rank: 34
BAR Sharpe Ratio Rank: 35
BAR Sortino Ratio Rank: 31
BAR Omega Ratio Rank: 38
BAR Calmar Ratio Rank: 36
BAR Martin Ratio Rank: 29

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.

AUAU vs. BAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Miners ETF (AUAU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AUAU	BAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.91	-0.65

Drawdowns

AUAU vs. BAR - Drawdown Comparison

The maximum AUAU drawdown since its inception was -30.38%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for AUAU and BAR.

Drawdown Indicators

	AUAU	BAR	Difference
Max Drawdown Largest peak-to-trough decline	-30.38%	-21.53%	-8.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.91%	—
Current Drawdown Current decline from peak	-24.94%	-17.02%	-7.92%
Average Drawdown Average peak-to-trough decline	-12.74%	-6.45%	-6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.79%	—

Volatility

Volatility by Period

	AUAU	BAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.70%	26.43%	+24.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.70%	17.90%	+32.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.70%	16.38%	+34.32%

AUAU vs. BAR - Expense Ratio Comparison

AUAU has a 0.35% expense ratio, which is higher than BAR's 0.17% expense ratio.

Dividends

AUAU vs. BAR - Dividend Comparison

Neither AUAU nor BAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUAU and BAR in my portfolio?

AUAU and BAR have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUAU or BAR?

On fees, BAR is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAU or BAR?

BAR is cheaper with a 0.17% expense ratio, compared with 0.35% for AUAU.

Which ETF pays a higher dividend yield, AUAU or BAR?

AUAU and BAR have nearly identical dividend yields, around 0.00%.

What is the main difference between AUAU and BAR?

AUAU tracks NYSE Arca Gold Miners Index, while BAR tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Global X and GraniteShares. Their fees differ too: 0.35% for AUAU and 0.17% for BAR.