BAR vs. IGLD

Last updated Apr 2, 2026

Compare and contrast key facts about GraniteShares Gold Trust (BAR) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).

BAR and IGLD 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. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.

Performance

BAR vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Gold Trust (BAR) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

BAR vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BAR GraniteShares Gold Trust	10.45%	64.12%	26.97%	12.96%	-0.55%	6.51%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	7.26%	47.46%	19.36%	9.24%	-2.34%	4.30%

Returns By Period

In the year-to-date period, BAR achieves a 10.45% return, which is significantly higher than IGLD's 7.26% return.

BAR

• 1D: 1.73%
• 1M: -10.66%
• YTD: 10.45%
• 6M: 23.08%
• 1Y: 52.47%
• 3Y*: 33.99%
• 5Y*: 22.26%
• 10Y*: —

IGLD

• 1D: 1.19%
• 1M: -10.51%
• YTD: 7.26%
• 6M: 18.12%
• 1Y: 40.06%
• 3Y*: 24.96%
• 5Y*: 15.78%
• 10Y*: —

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

BAR vs. IGLD - Expense Ratio Comparison

BAR has a 0.17% expense ratio, which is lower than IGLD's 0.85% expense ratio.

IGLD

FT Cboe Vest Gold Strategy Target Income ETF

BAR

GraniteShares Gold Trust

Return for Risk

BAR vs. IGLD — Risk / Return Rank

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

BAR

BAR Risk / Return Rank: 86
BAR Sharpe Ratio Rank: 88
BAR Sortino Ratio Rank: 85
BAR Omega Ratio Rank: 85
BAR Calmar Ratio Rank: 86
BAR Martin Ratio Rank: 84

IGLD

IGLD Risk / Return Rank: 82
IGLD Sharpe Ratio Rank: 83
IGLD Sortino Ratio Rank: 81
IGLD Omega Ratio Rank: 83
IGLD Calmar Ratio Rank: 80
IGLD Martin Ratio Rank: 83

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. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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	IGLD	Difference
Sharpe ratio Return per unit of total volatility	1.91	1.69	+0.21
Sortino ratio Return per unit of downside risk	2.34	2.17	+0.17
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio Return relative to maximum drawdown	2.72	2.27	+0.45
Martin ratio Return relative to average drawdown	9.96	9.64	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAR vs. IGLD - Sharpe Ratio Comparison

The current BAR Sharpe Ratio is 1.91, which is comparable to the IGLD Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BAR and IGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BAR	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.69	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.27	1.06	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.06	-0.08

Correlation

The correlation between BAR and IGLD is 0.92, 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. IGLD - Dividend Comparison

BAR has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 13.93%.

	TTM	2025	2024	2023	2022	2021
BAR GraniteShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	13.93%	9.91%	20.81%	7.85%	4.45%	2.24%

Drawdowns

BAR vs. IGLD - Drawdown Comparison

The maximum BAR drawdown since its inception was -21.53%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for BAR and IGLD.

Drawdown Indicators

	BAR	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-18.59%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-17.56%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	-18.59%	-2.32%
Current Drawdown Current decline from peak	-11.72%	-10.51%	-1.21%
Average Drawdown Average peak-to-trough decline	-6.30%	-5.01%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	4.13%	+1.11%

Volatility

BAR vs. IGLD - Volatility Comparison

GraniteShares Gold Trust (BAR) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD) have volatilities of 10.44% and 10.62%, 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.

Volatility by Period

	BAR	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.44%	10.62%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	24.17%	21.23%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	27.65%	23.76%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	14.90%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	14.86%	+1.45%