PDDL vs. BAR

Last updated Jun 6, 2026

PDDL (GraniteShares 2x Long PDD Daily ETF) and BAR (GraniteShares Gold Trust) are both exchange-traded funds - PDDL is a Leveraged Equities fund actively managed by GraniteShares, while BAR is a Gold fund tracking the LBMA Gold Price PM ($/ozt). PDDL is actively managed, while BAR is passively managed. At a 0.23 correlation, their price movements are largely independent. PDDL charges 1.50%/yr vs 0.17%/yr for BAR.

Performance

PDDL vs. BAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PDD Daily ETF (PDDL) 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, PDDL achieves a -49.84% return, which is significantly lower than BAR's 0.02% return.

PDDL

• 1D: -2.29%
• 1M: -33.70%
• YTD: -49.84%
• 6M: -54.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAR

• 1D: -3.65%
• 1M: -7.97%
• YTD: 0.02%
• 6M: 2.66%
• 1Y: 28.36%
• 3Y*: 29.83%
• 5Y*: 17.73%
• 10Y*: —

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

PDDL vs. BAR - Yearly Performance Comparison

	2026 (YTD)	2025
PDDL GraniteShares 2x Long PDD Daily ETF	-49.84%	7.42%
BAR GraniteShares Gold Trust	0.02%	29.38%

Correlation

The correlation between PDDL and BAR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.23

Return for Risk

PDDL 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: 30
BAR Sharpe Ratio Rank: 31
BAR Sortino Ratio Rank: 27
BAR Omega Ratio Rank: 33
BAR Calmar Ratio Rank: 30
BAR Martin Ratio Rank: 27

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.

PDDL vs. BAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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

	PDDL	BAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	0.87	-1.63

Drawdowns

PDDL vs. BAR - Drawdown Comparison

The maximum PDDL drawdown since its inception was -68.62%, which is greater than BAR's maximum drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for PDDL and BAR.

Drawdown Indicators

	PDDL	BAR	Difference
Max Drawdown Largest peak-to-trough decline	-68.62%	-21.53%	-47.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.91%	—
Current Drawdown Current decline from peak	-67.18%	-20.05%	-47.13%
Average Drawdown Average peak-to-trough decline	-29.89%	-6.46%	-23.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.89%	—

Volatility

Volatility by Period

	PDDL	BAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.58%	26.69%	+39.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.58%	17.97%	+48.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.58%	16.42%	+50.16%

PDDL vs. BAR - Expense Ratio Comparison

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

Dividends

PDDL vs. BAR - Dividend Comparison

PDDL's dividend yield for the trailing twelve months is around 0.67%, while BAR has not paid dividends to shareholders.

Position	TTM	2025
BAR GraniteShares Gold Trust	0.00%	0.00%
PDDL GraniteShares 2x Long PDD Daily ETF	0.67%	0.33%

Frequently Asked Questions

Can I hold both PDDL and BAR in my portfolio?

PDDL and BAR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PDDL 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, PDDL or BAR?

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

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

PDDL has the higher dividend yield at 0.67%, compared with 0.00% for BAR.

What is the main difference between PDDL and BAR?

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