BAR vs. NVD
BAR (GraniteShares Gold Trust) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while NVD is a Inverse Equities fund actively managed by GraniteShares. BAR is passively managed, while NVD is actively managed. Over the past year, BAR returned 20.54% vs -48.83% for NVD. Their -0.05 correlation means they have often moved in opposite directions in the past. BAR charges 0.17%/yr vs 1.50%/yr for NVD.
Performance
BAR vs. NVD - Performance Comparison
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Returns By Period
In the year-to-date period, BAR achieves a -6.10% return, which is significantly higher than NVD's -34.27% return.
BAR
- 1D
- 0.13%
- 1M
- -1.60%
- 6M
- -12.98%
- YTD
- -6.10%
- 1Y
- 20.54%
- 3Y*
- 27.61%
- 5Y*
- 17.26%
- 10Y*
- —
- ALL TIME*
- 13.26%
NVD
- 1D
- -5.81%
- 1M
- -14.55%
- 6M
- -34.17%
- YTD
- -34.27%
- 1Y
- -48.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -78.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.15M | $7.49M | $9.63M | |
| $439.12M | $390.53M | $343.34M |
BAR vs. NVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BAR GraniteShares Gold Trust | -6.10% | 64.12% | 26.97% | 8.80% |
NVD GraniteShares 2x Short NVDA Daily ETF | -34.27% | -73.27% | -93.09% | -15.28% |
Correlation
The correlation between BAR and NVD is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.05 |
The correlation between BAR and NVD shifts across timeframes, from -0.18 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BAR vs. NVD — Risk / Return Rank
BAR
NVD
BAR vs. NVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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 | NVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.92 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.82 | +1.60 |
| Martin ratioReturn relative to average drawdown | 1.68 | -1.46 | +3.14 |
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Drawdowns
BAR vs. NVD - Drawdown Comparison
The maximum BAR drawdown since its inception was -26.32%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for BAR and NVD.
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Drawdown Indicators
| BAR | NVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.32% | -99.26% | +72.94% |
Max Drawdown (1Y)Largest decline over 1 year | -26.32% | -59.80% | +33.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.32% | — | — |
Current DrawdownCurrent decline from peak | -24.94% | -99.11% | +74.17% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -82.51% | +75.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 33.42% | -21.16% |
Volatility
BAR vs. NVD - Volatility Comparison
The current volatility for GraniteShares Gold Trust (BAR) is 5.98%, while GraniteShares 2x Short NVDA Daily ETF (NVD) has a volatility of 24.57%. This indicates that BAR experiences smaller price fluctuations and is considered to be less risky than NVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAR | NVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 24.57% | -18.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 57.71% | -36.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.90% | 73.34% | -45.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 92.04% | -73.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 92.04% | -75.43% |
BAR vs. NVD - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than NVD's 1.50% expense ratio.
Dividends
BAR vs. NVD - Dividend Comparison
BAR has not paid dividends to shareholders, while NVD's dividend yield for the trailing twelve months is around 17.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BAR GraniteShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
NVD GraniteShares 2x Short NVDA Daily ETF | 17.99% | 11.83% | 8.68% | 15.78% |
Frequently Asked Questions
BAR and NVD have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVD has higher volatility (24.57%) compared to BAR (5.98%). In terms of maximum drawdown, BAR dropped -26.32% vs NVD's -99.26%.
On 1-year performance, BAR leads with 20.54% vs -48.83% for NVD. On fees, BAR is cheaper at 0.17% per year. On volatility, BAR has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BAR has performed better with a 20.54% return vs -48.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAR is cheaper with a 0.17% expense ratio, compared with 1.50% for NVD.
NVD has the higher dividend yield at 17.99%, compared with 0.00% for BAR.
BAR is categorized as Gold, while NVD is Inverse Equities. Their fees differ too: 0.17% for BAR and 1.50% for NVD.
BAR currently has the higher Sharpe Ratio (0.74 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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