FBL vs. BAR
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and GraniteShares Gold Shares (BAR).
FBL and BAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or BAR.
Key characteristics
| FBL | BAR | |
|---|---|---|
| YTD Return | 86.56% | 23.49% |
| 1Y Return | 125.51% | 31.69% |
| Sharpe Ratio | 1.81 | 2.21 |
| Daily Std Dev | 70.98% | 14.31% |
| Max Drawdown | -35.25% | -21.53% |
| Current Drawdown | -5.95% | -1.29% |
Correlation
The correlation between FBL and BAR is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBL vs. BAR - Performance Comparison
In the year-to-date period, FBL achieves a 86.56% return, which is significantly higher than BAR's 23.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBL vs. BAR - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than BAR's 0.17% expense ratio.
Risk-Adjusted Performance
FBL vs. BAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and GraniteShares Gold Shares (BAR). 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.
Dividends
FBL vs. BAR - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 27.65%, while BAR has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 27.65% | 51.58% |
BAR GraniteShares Gold Shares | 0.00% | 0.00% |
Drawdowns
FBL vs. BAR - Drawdown Comparison
The maximum FBL drawdown since its inception was -35.25%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for FBL and BAR. For additional features, visit the drawdowns tool.
Volatility
FBL vs. BAR - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 12.10% compared to GraniteShares Gold Shares (BAR) at 3.41%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than BAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.