BAR — GraniteShares Gold Trust

BAR Price Performance — Growth of $10,000

Value of a $10,000 investment in BAR over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

BAR Drawdown

The "underwater" chart: BAR's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

GraniteShares Gold Trust is a commodities fund issued by Graniteshares with $1.34 billion in assets under management. It holds a D grade, reflecting a score of 47.8 out of 100, and ranks 18th among 22 peers in its category. The fund’s expense ratio of 0.1749% is significantly lower than the category median of 0.595%. However, it offers no dividend yield, contrasting with the category median of 2.89%. Holdings breakdown data is not available for this trust.

The fund’s price of $39.38 sits at the lower end of its 52-week range, representing only 4.9% of the span between $38.59 and $54.62. Short-term performance has been negative, with one-month and year-to-date returns of -6.35% and -7.71% respectively. This contrasts sharply with the three-year horizon, where returns reached +99.59%. The one-year return of -2.62% trails the category median of +9.06%. The rating was downgraded from C to D on 2026-10-19, based on three years of price history.

With an annualized volatility of 28.28%, the fund is classified as High risk. Its beta of 0.44 indicates it moves less than the broader market, yet the Sharpe ratio of -0.27 suggests poor risk-adjusted returns. The maximum drawdown of -26.32% highlights significant historical downside potential. Liquidity is moderate, with an average daily volume of 222,332 shares. These metrics collectively describe a volatile asset with weak recent performance relative to its risk profile.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

BAR Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 222K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $1.34B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: BAR is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

BAR Performance History

How BAR Compares to Other Commodities ETFs