BAR vs. FALN
Compare and contrast key facts about GraniteShares Gold Shares (BAR) and iShares Fallen Angels USD Bond ETF (FALN).
BAR and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. Both BAR and FALN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAR or FALN.
Key characteristics
| BAR | FALN | |
|---|---|---|
| YTD Return | 26.97% | 8.36% |
| 1Y Return | 35.20% | 14.77% |
| 3Y Return (Ann) | 11.86% | 1.96% |
| 5Y Return (Ann) | 12.20% | 5.68% |
| Sharpe Ratio | 2.31 | 3.15 |
| Sortino Ratio | 3.06 | 4.88 |
| Omega Ratio | 1.40 | 1.63 |
| Calmar Ratio | 5.10 | 1.83 |
| Martin Ratio | 15.26 | 22.33 |
| Ulcer Index | 2.22% | 0.69% |
| Daily Std Dev | 14.63% | 4.88% |
| Max Drawdown | -21.53% | -29.22% |
| Current Drawdown | -5.89% | -0.11% |
Correlation
The correlation between BAR and FALN is 0.20, 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.
Performance
BAR vs. FALN - Performance Comparison
In the year-to-date period, BAR achieves a 26.97% return, which is significantly higher than FALN's 8.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAR vs. FALN - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than FALN's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BAR vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Shares (BAR) and iShares Fallen Angels USD Bond ETF (FALN). 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.
Dividends
BAR vs. FALN - Dividend Comparison
BAR has not paid dividends to shareholders, while FALN's dividend yield for the trailing twelve months is around 6.06%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BAR GraniteShares Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 6.06% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% |
Drawdowns
BAR vs. FALN - Drawdown Comparison
The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for BAR and FALN. For additional features, visit the drawdowns tool.
Volatility
BAR vs. FALN - Volatility Comparison
GraniteShares Gold Shares (BAR) has a higher volatility of 5.38% compared to iShares Fallen Angels USD Bond ETF (FALN) at 1.36%. This indicates that BAR's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.