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BAR vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BARGLD
YTD Return6.28%6.24%
1Y Return10.90%10.72%
3Y Return (Ann)8.02%7.79%
5Y Return (Ann)10.98%10.76%
Sharpe Ratio1.010.99
Daily Std Dev11.73%11.80%
Max Drawdown-21.53%-45.56%
Current Drawdown0.00%0.00%

Correlation

0.98
-1.001.00

The correlation between BAR and GLD is 0.98, 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.

Performance

BAR vs. GLD - Performance Comparison

The year-to-date returns for both stocks are quite close, with BAR having a 6.28% return and GLD slightly lower at 6.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


30.00%40.00%50.00%60.00%70.00%OctoberNovemberDecember2024FebruaryMarch
64.39%
61.42%
BAR
GLD

Compare stocks, funds, or ETFs


GraniteShares Gold Shares

SPDR Gold Trust

BAR vs. GLD - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than GLD's 0.40% expense ratio.

GLD
SPDR Gold Trust
0.50%1.00%1.50%2.00%0.40%
0.50%1.00%1.50%2.00%0.17%

Risk-Adjusted Performance

BAR vs. GLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Shares (BAR) and SPDR Gold Trust (GLD). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BAR
GraniteShares Gold Shares
1.01
GLD
SPDR Gold Trust
0.99

BAR vs. GLD - Sharpe Ratio Comparison

The current BAR Sharpe Ratio is 1.01, which roughly equals the GLD Sharpe Ratio of 0.99. The chart below compares the 12-month rolling Sharpe Ratio of BAR and GLD.


Rolling 12-month Sharpe Ratio0.200.400.600.801.001.201.401.60OctoberNovemberDecember2024FebruaryMarch
1.01
0.99
BAR
GLD

Dividends

BAR vs. GLD - Dividend Comparison

Neither BAR nor GLD has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

BAR vs. GLD - Drawdown Comparison

The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum GLD drawdown of -45.56%. The drawdown chart below compares losses from any high point along the way for BAR and GLD


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
BAR
GLD

Volatility

BAR vs. GLD - Volatility Comparison

GraniteShares Gold Shares (BAR) and SPDR Gold Trust (GLD) have volatilities of 3.30% and 3.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024FebruaryMarch
3.30%
3.31%
BAR
GLD