BAR vs. SGOL
BAR (GraniteShares Gold Trust) and SGOL (abrdn Physical Gold Shares ETF) are both Gold funds tracking the LBMA Gold Price PM ($/ozt), from GraniteShares and abrdn respectively. Both are passively managed. Over the past 5 years, BAR returned 17.73%/yr vs 17.73%/yr for SGOL. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.17% expense ratio.
Performance
BAR vs. SGOL - Performance Comparison
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Returns By Period
In the year-to-date period, BAR achieves a 0.02% return, which is significantly lower than SGOL's 0.10% return.
BAR
- 1D
- -3.65%
- 1M
- -7.97%
- YTD
- 0.02%
- 6M
- 2.66%
- 1Y
- 28.36%
- 3Y*
- 29.83%
- 5Y*
- 17.73%
- 10Y*
- —
SGOL
- 1D
- -3.61%
- 1M
- -7.97%
- YTD
- 0.10%
- 6M
- 2.70%
- 1Y
- 28.42%
- 3Y*
- 29.85%
- 5Y*
- 17.73%
- 10Y*
- 13.00%
BAR vs. SGOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAR GraniteShares Gold Trust | 0.02% | 64.12% | 26.97% | 12.96% | -0.55% | -3.92% | 25.02% | 18.16% | -1.87% | -1.15% |
SGOL abrdn Physical Gold Shares ETF | 0.10% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | -2.15% |
Correlation
The correlation between BAR and SGOL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017 | 0.98 |
The correlation between BAR and SGOL has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
BAR vs. SGOL — Risk / Return Rank
BAR
SGOL
BAR vs. SGOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Trust (BAR) and abrdn Physical Gold Shares ETF (SGOL). 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 | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.43 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.60 | 3.62 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAR | SGOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.07 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.99 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.54 | +0.34 |
Drawdowns
BAR vs. SGOL - Drawdown Comparison
The maximum BAR drawdown since its inception was -21.53%, smaller than the maximum SGOL drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for BAR and SGOL.
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Drawdown Indicators
| BAR | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.53% | -45.51% | +23.98% |
Max Drawdown (1Y)Largest decline over 1 year | -20.05% | -20.02% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.05% | -20.02% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.91% | -20.92% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.56% | — |
Current DrawdownCurrent decline from peak | -20.05% | -20.02% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -18.41% | +11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 7.88% | +0.01% |
Volatility
BAR vs. SGOL - Volatility Comparison
GraniteShares Gold Trust (BAR) and abrdn Physical Gold Shares ETF (SGOL) have volatilities of 5.66% and 5.62%, 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.
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Volatility by Period
| BAR | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 5.62% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 23.34% | 23.24% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 26.58% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 17.95% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 15.95% | +0.47% |
BAR vs. SGOL - Expense Ratio Comparison
Both BAR and SGOL have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BAR vs. SGOL - Dividend Comparison
Neither BAR nor SGOL has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, BAR and SGOL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAR has higher volatility (5.66%) compared to SGOL (5.62%). In terms of maximum drawdown, BAR dropped -21.53% vs SGOL's -45.51%.
On 5-year performance, SGOL leads with 17.73% vs 17.73% for BAR. Both ETFs have the same 0.17% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOL has performed better with a 17.73% return vs 17.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAR and SGOL have the same expense ratio: 0.17% per year.
BAR and SGOL have nearly identical dividend yields, around 0.00%.
Both ETFs track LBMA Gold Price PM ($/ozt). They also come from different issuers: GraniteShares and abrdn.
SGOL currently has the higher Sharpe Ratio (1.07 vs 1.07), 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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