BAR vs. GDMN
BAR (GraniteShares Gold Trust) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while GDMN is a Commodities fund actively managed by WisdomTree. BAR is passively managed, while GDMN is actively managed. Over the past 3 years, BAR returned 31.38%/yr vs 60.95%/yr for GDMN. Their correlation of 0.90 suggests significant overlap in exposure. BAR charges 0.17%/yr vs 0.45%/yr for GDMN.
Performance
BAR vs. GDMN - Performance Comparison
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Returns By Period
In the year-to-date period, BAR achieves a 2.94% return, which is significantly higher than GDMN's -4.13% return.
BAR
- 1D
- -1.02%
- 1M
- -1.62%
- YTD
- 2.94%
- 6M
- 5.50%
- 1Y
- 32.26%
- 3Y*
- 31.38%
- 5Y*
- 18.41%
- 10Y*
- —
GDMN
- 1D
- -3.68%
- 1M
- -2.43%
- YTD
- -4.13%
- 6M
- 2.73%
- 1Y
- 76.93%
- 3Y*
- 60.95%
- 5Y*
- —
- 10Y*
- —
BAR vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BAR GraniteShares Gold Trust | 2.94% | 64.12% | 26.97% | 12.96% | -0.55% | 1.62% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -4.13% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Correlation
The correlation between BAR and GDMN is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.90 |
The correlation between BAR and GDMN has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
BAR vs. GDMN — Risk / Return Rank
BAR
GDMN
BAR vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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 | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.98 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.19 | 4.68 | -0.48 |
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
| BAR | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.26 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.80 | +0.10 |
Drawdowns
BAR vs. GDMN - Drawdown Comparison
The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for BAR and GDMN.
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Drawdown Indicators
| BAR | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.53% | -52.82% | +31.29% |
Max Drawdown (1Y)Largest decline over 1 year | -19.19% | -39.03% | +19.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -39.03% | +19.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -17.72% | -37.06% | +19.34% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -18.89% | +12.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 16.51% | -8.79% |
Volatility
BAR vs. GDMN - Volatility Comparison
The current volatility for GraniteShares Gold Trust (BAR) is 5.46%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.94%. This indicates that BAR experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAR | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 17.94% | -12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | 51.79% | -28.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 61.32% | -34.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 47.59% | -29.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 47.59% | -31.21% |
BAR vs. GDMN - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
BAR vs. GDMN - Dividend Comparison
BAR has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BAR GraniteShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.82% | 2.70% | 9.44% | 7.69% | 1.44% |
Frequently Asked Questions
BAR and GDMN have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDMN has higher volatility (17.94%) compared to BAR (5.46%). In terms of maximum drawdown, BAR dropped -21.53% vs GDMN's -52.82%.
On 3-year performance, GDMN leads with 60.95% vs 31.38% for BAR. On fees, BAR is cheaper at 0.17% per year. On volatility, BAR has been the lower-risk option at 5.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDMN has performed better with a 60.95% return vs 31.38%. 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 0.45% for GDMN.
GDMN has the higher dividend yield at 2.82%, compared with 0.00% for BAR.
BAR is categorized as Gold, while GDMN is Commodities. They also come from different issuers: GraniteShares and WisdomTree. Their fees differ too: 0.17% for BAR and 0.45% for GDMN.
GDMN currently has the higher Sharpe Ratio (1.26 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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