BAR vs. GDMN
Compare and contrast key facts about GraniteShares Gold Trust (BAR) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN).
BAR and GDMN 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. GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021.
Performance
BAR vs. GDMN - Performance Comparison
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BAR vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BAR GraniteShares Gold Trust | 8.57% | 64.12% | 26.97% | 12.96% | -0.55% | 1.62% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 8.77% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Returns By Period
The year-to-date returns for both investments are quite close, with BAR having a 8.57% return and GDMN slightly higher at 8.77%.
BAR
- 1D
- 3.76%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.20%
- 1Y
- 49.58%
- 3Y*
- 33.22%
- 5Y*
- 21.84%
- 10Y*
- —
GDMN
- 1D
- 9.38%
- 1M
- -27.72%
- YTD
- 8.77%
- 6M
- 31.63%
- 1Y
- 140.14%
- 3Y*
- 65.41%
- 5Y*
- —
- 10Y*
- —
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BAR vs. GDMN - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than GDMN's 0.45% expense ratio.
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 | 1.80 | 2.20 | -0.40 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.34 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.69 | -0.99 |
Martin ratioReturn relative to average drawdown | 9.99 | 12.63 | -2.64 |
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 | 1.80 | 2.20 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.94 | +0.03 |
Correlation
The correlation between BAR and GDMN is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
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 2.48%.
| 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 | 2.48% | 2.70% | 9.44% | 7.69% | 1.44% |
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 (5Y)Largest decline over 5 years | -20.91% | — | — |
Current DrawdownCurrent decline from peak | -13.22% | -28.60% | +15.38% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -18.45% | +12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 11.39% | -6.20% |
Volatility
BAR vs. GDMN - Volatility Comparison
The current volatility for GraniteShares Gold Trust (BAR) is 11.01%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 24.97%. 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 | 11.01% | 24.97% | -13.96% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 53.89% | -29.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 63.99% | -36.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 47.19% | -29.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 47.19% | -30.89% |