BAR vs. CGFIX

Last updated Jun 4, 2026

BAR (GraniteShares Gold Trust) and CGFIX (abrdn Global Absolute Return Strategies Fund) are both funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while CGFIX is a Macro Trading fund managed by Aberdeen. Over the past 5 years, BAR returned 18.41%/yr vs 0.31%/yr for CGFIX. At a 0.12 correlation, their price movements are largely independent. BAR charges 0.17%/yr vs 0.78%/yr for CGFIX.

Performance

BAR vs. CGFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Gold Trust (BAR) and abrdn Global Absolute Return Strategies Fund (CGFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAR achieves a 2.94% return, which is significantly higher than CGFIX's 1.38% return.

BAR

• 1D: -1.02%
• 1M: -1.62%
• YTD: 2.94%
• 6M: 5.50%
• 1Y: 32.26%
• 3Y*: 31.38%
• 5Y*: 18.41%
• 10Y*: —

CGFIX

• 1D: 0.12%
• 1M: 0.81%
• YTD: 1.38%
• 6M: 1.22%
• 1Y: 6.65%
• 3Y*: 4.66%
• 5Y*: 0.31%
• 10Y*: 1.89%

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

BAR vs. CGFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAR GraniteShares Gold Trust	2.94%	64.12%	26.97%	12.96%	-0.55%	-3.92%	25.02%	18.16%	-1.87%	-1.15%
CGFIX abrdn Global Absolute Return Strategies Fund	1.38%	5.79%	4.85%	-2.54%	-9.99%	1.39%	6.37%	7.26%	0.97%	0.82%

Correlation

The correlation between BAR and CGFIX 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	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017	0.12

The correlation between BAR and CGFIX shifts across timeframes, from 0.12 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BAR vs. CGFIX — Risk / Return Rank

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

BAR

BAR Risk / Return Rank: 32
BAR Sharpe Ratio Rank: 33
BAR Sortino Ratio Rank: 30
BAR Omega Ratio Rank: 36
BAR Calmar Ratio Rank: 34
BAR Martin Ratio Rank: 29

CGFIX

CGFIX Risk / Return Rank: 50
CGFIX Sharpe Ratio Rank: 54
CGFIX Sortino Ratio Rank: 55
CGFIX Omega Ratio Rank: 57
CGFIX Calmar Ratio Rank: 42
CGFIX Martin Ratio Rank: 41

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.

BAR vs. CGFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and abrdn Global Absolute Return Strategies Fund (CGFIX). 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.

	BAR	CGFIX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.17	-0.95
Sortino ratio: Return per unit of downside risk	1.62	3.12	-1.50
Omega ratio: Gain probability vs. loss probability	1.25	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	1.69	2.45	-0.76
Martin ratio: Return relative to average drawdown	4.19	8.82	-4.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAR vs. CGFIX - Sharpe Ratio Comparison

The current BAR Sharpe Ratio is 1.23, which is lower than the CGFIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of BAR and CGFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAR	CGFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.17	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.05	+0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.90	0.00

Drawdowns

BAR vs. CGFIX - Drawdown Comparison

The maximum BAR drawdown since its inception was -21.53%, which is greater than CGFIX's maximum drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for BAR and CGFIX.

Drawdown Indicators

	BAR	CGFIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-20.28%	-1.25%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-2.78%	-16.41%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	-7.09%	-12.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	-20.28%	-0.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.28%	—
Current Drawdown Current decline from peak	-17.72%	-1.64%	-16.08%
Average Drawdown Average peak-to-trough decline	-6.45%	-3.19%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	0.77%	+6.95%

Volatility

BAR vs. CGFIX - Volatility Comparison

GraniteShares Gold Trust (BAR) has a higher volatility of 5.46% compared to abrdn Global Absolute Return Strategies Fund (CGFIX) at 1.11%. This indicates that BAR's price experiences larger fluctuations and is considered to be riskier than CGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAR	CGFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	1.11%	+4.35%
Volatility (6M) Calculated over the trailing 6-month period	23.03%	2.33%	+20.70%
Volatility (1Y) Calculated over the trailing 1-year period	26.43%	3.14%	+23.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	5.76%	+12.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	4.71%	+11.67%

BAR vs. CGFIX - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than CGFIX's 0.78% expense ratio.

Dividends

BAR vs. CGFIX - Dividend Comparison

BAR has not paid dividends to shareholders, while CGFIX's dividend yield for the trailing twelve months is around 6.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
CGFIX abrdn Global Absolute Return Strategies Fund	6.15%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%

Frequently Asked Questions

Can I hold both BAR and CGFIX in my portfolio?

BAR and CGFIX 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.

Which is riskier, BAR or CGFIX?

BAR has higher volatility (5.46%) compared to CGFIX (1.11%). In terms of maximum drawdown, BAR dropped -21.53% vs CGFIX's -20.28%.

Which has better risk-adjusted returns?

CGFIX currently has the higher Sharpe Ratio (2.17 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.