BAR vs. GLDB

Last updated Jun 24, 2026

BAR (GraniteShares Gold Trust) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while GLDB is a Nontraditional Bonds fund tracking the Solactive Gold Backed Bond Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. BAR charges 0.17%/yr vs 0.79%/yr for GLDB.

Performance

BAR vs. GLDB - Performance Comparison

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

Returns By Period

In the year-to-date period, BAR achieves a -4.82% return, which is significantly higher than GLDB's -18.42% return.

BAR

• 1D: -1.94%
• 1M: -8.92%
• YTD: -4.82%
• 6M: -8.73%
• 1Y: 21.40%
• 3Y*: 28.63%
• 5Y*: 18.08%
• 10Y*: —

GLDB

• 1D: -3.65%
• 1M: -16.66%
• YTD: -18.42%
• 6M: -20.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAR vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
BAR GraniteShares Gold Trust	-4.82%	4.73%
GLDB Strategy Shares Gold-Hedged Bond ETF	-18.42%	-3.56%

Correlation

The correlation between BAR and GLDB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.81

Return for Risk

BAR vs. GLDB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAR

BAR Risk / Return Rank: 22
BAR Sharpe Ratio Rank: 23
BAR Sortino Ratio Rank: 21
BAR Omega Ratio Rank: 25
BAR Calmar Ratio Rank: 20
BAR Martin Ratio Rank: 21

GLDB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAR vs. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAR	GLDB	Difference
Sharpe ratio: Return per unit of total volatility	0.78	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.88	—	—
Martin ratio: Return relative to average drawdown	2.37	—	—

Drawdowns

BAR vs. GLDB - Drawdown Comparison

The maximum BAR drawdown since its inception was -24.38%, smaller than the maximum GLDB drawdown of -35.08%. Use the drawdown chart below to compare losses from any high point for BAR and GLDB.

Drawdown Indicators

	BAR	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-24.38%	-35.08%	+10.70%
Max Drawdown (1Y) Largest decline over 1 year	-24.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	—	—
Current Drawdown Current decline from peak	-23.93%	-35.08%	+11.15%
Average Drawdown Average peak-to-trough decline	-6.53%	-14.76%	+8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.07%	—	—

Volatility

Volatility by Period

	BAR	GLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	40.15%	-12.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	40.15%	-22.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	40.15%	-23.61%

BAR vs. GLDB - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than GLDB's 0.79% expense ratio.

Dividends

BAR vs. GLDB - Dividend Comparison

BAR has not paid dividends to shareholders, while GLDB's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025
BAR GraniteShares Gold Trust	0.00%	0.00%
GLDB Strategy Shares Gold-Hedged Bond ETF	0.23%	0.19%

Frequently Asked Questions

Can I hold both BAR and GLDB in my portfolio?

BAR and GLDB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAR or GLDB?

On fees, BAR is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAR or GLDB?

BAR is cheaper with a 0.17% expense ratio, compared with 0.79% for GLDB.

Which ETF pays a higher dividend yield, BAR or GLDB?

GLDB has the higher dividend yield at 0.23%, compared with 0.00% for BAR.

What is the main difference between BAR and GLDB?

BAR is categorized as Gold, while GLDB is Nontraditional Bonds. BAR tracks LBMA Gold Price PM ($/ozt), while GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross. They also come from different issuers: GraniteShares and Strategy Shares. Their fees differ too: 0.17% for BAR and 0.79% for GLDB.