PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BAR vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

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.


-0.50.00.51.01.0

Performance

BAR vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Gold Shares (BAR) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

70.00%80.00%90.00%100.00%110.00%JulyAugustSeptemberOctoberNovemberDecember
96.40%
92.42%
BAR
GLD

Key characteristics

Sharpe Ratio

BAR:

1.95

GLD:

1.91

Sortino Ratio

BAR:

2.58

GLD:

2.53

Omega Ratio

BAR:

1.34

GLD:

1.33

Calmar Ratio

BAR:

3.60

GLD:

3.54

Martin Ratio

BAR:

10.24

GLD:

10.08

Ulcer Index

BAR:

2.82%

GLD:

2.85%

Daily Std Dev

BAR:

14.87%

GLD:

15.01%

Max Drawdown

BAR:

-21.53%

GLD:

-45.56%

Current Drawdown

BAR:

-5.89%

GLD:

-5.98%

Returns By Period

The year-to-date returns for both stocks are quite close, with BAR having a 26.97% return and GLD slightly lower at 26.64%.


BAR

YTD

26.97%

1M

-0.96%

6M

12.91%

1Y

28.10%

5Y*

11.99%

10Y*

N/A

GLD

YTD

26.64%

1M

-1.03%

6M

12.72%

1Y

27.80%

5Y*

11.67%

10Y*

7.96%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for BAR: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.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 ratio
The chart of Sharpe ratio for BAR, currently valued at 1.95, compared to the broader market0.002.004.001.951.91
The chart of Sortino ratio for BAR, currently valued at 2.58, compared to the broader market-2.000.002.004.006.008.0010.002.582.53
The chart of Omega ratio for BAR, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.33
The chart of Calmar ratio for BAR, currently valued at 3.60, compared to the broader market0.005.0010.0015.003.603.54
The chart of Martin ratio for BAR, currently valued at 10.24, compared to the broader market0.0020.0040.0060.0080.00100.0010.2410.08
BAR
GLD

The current BAR Sharpe Ratio is 1.95, which is comparable to the GLD Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of BAR and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.95
1.91
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%. Use the drawdown chart below to compare losses from any high point for BAR and GLD. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.89%
-5.98%
BAR
GLD

Volatility

BAR vs. GLD - Volatility Comparison

GraniteShares Gold Shares (BAR) and SPDR Gold Trust (GLD) have volatilities of 5.07% and 5.21%, 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.


3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
5.07%
5.21%
BAR
GLD
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab