NBIL vs. BAR

Last updated Jun 4, 2026

NBIL (GraniteShares 2X Long NBIS Daily ETF) and BAR (GraniteShares Gold Trust) are both exchange-traded funds - NBIL is a Leveraged Equities fund actively managed by GraniteShares, while BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt). NBIL is actively managed, while BAR is passively managed. At a 0.08 correlation, their price movements are largely independent. NBIL charges 1.50%/yr vs 0.17%/yr for BAR.

Performance

NBIL vs. BAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2X Long NBIS Daily ETF (NBIL) and GraniteShares Gold Trust (BAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIL achieves a 462.18% return, which is significantly higher than BAR's 2.94% return.

NBIL

• 1D: -7.17%
• 1M: 83.16%
• YTD: 462.18%
• 6M: 280.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAR

• 1D: -1.02%
• 1M: -1.62%
• YTD: 2.94%
• 6M: 5.50%
• 1Y: 32.26%
• 3Y*: 31.38%
• 5Y*: 18.41%
• 10Y*: —

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

NBIL vs. BAR - Yearly Performance Comparison

	2026 (YTD)	2025
NBIL GraniteShares 2X Long NBIS Daily ETF	462.18%	-59.19%
BAR GraniteShares Gold Trust	2.94%	8.28%

Correlation

The correlation between NBIL and BAR is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.08

Return for Risk

NBIL vs. BAR — Risk / Return Rank

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

BAR

BAR Risk / Return Rank: 32
BAR Sharpe Ratio Rank: 33
BAR Sortino Ratio Rank: 30
BAR Omega Ratio Rank: 36
BAR Calmar Ratio Rank: 34
BAR Martin Ratio Rank: 29

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.

NBIL vs. BAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) and GraniteShares Gold Trust (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.

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

Sharpe Ratios by Period

	NBIL	BAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.90	+0.40

Drawdowns

NBIL vs. BAR - Drawdown Comparison

The maximum NBIL drawdown since its inception was -77.87%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for NBIL and BAR.

Drawdown Indicators

	NBIL	BAR	Difference
Max Drawdown Largest peak-to-trough decline	-77.87%	-21.53%	-56.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.91%	—
Current Drawdown Current decline from peak	-9.98%	-17.72%	+7.74%
Average Drawdown Average peak-to-trough decline	-44.90%	-6.45%	-38.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.72%	—

Volatility

Volatility by Period

	NBIL	BAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	199.38%	26.43%	+172.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.38%	17.90%	+181.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	199.38%	16.38%	+183.00%

NBIL vs. BAR - Expense Ratio Comparison

NBIL has a 1.50% expense ratio, which is higher than BAR's 0.17% expense ratio.

Dividends

NBIL vs. BAR - Dividend Comparison

Neither NBIL nor BAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIL and BAR in my portfolio?

NBIL and BAR have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIL or BAR?

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, NBIL or BAR?

BAR is cheaper with a 0.17% expense ratio, compared with 1.50% for NBIL.

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

NBIL and BAR have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIL and BAR?

NBIL is categorized as Leveraged Equities, while BAR is Gold. Their fees differ too: 1.50% for NBIL and 0.17% for BAR.