BAR vs GLDM
Graniteshares Gold Trust vs SPDR Gold MiniShares Trust
Which is better, BAR or GLDM?
Nearly the same fund. GLDM costs less.
GLDM has a lower expense ratio. GLDM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BAR | GLDM |
|---|---|---|
| Expense Ratio | 0.17% | 0.10%Best |
| AUM | $1.3B | $31.0B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 2 | 2 |
| YTD Return | -5.44% | -5.38%Best |
| 1Y Return | -1.15% | -1.04%Best |
| 3Y Return (annualized) | +28.61% | +28.75%Best |
| 5Y Return (annualized) | +17.75% | +17.82%Best |
| Volatility (annualized) | 16.1%Tie | 16.1%Tie |
| Max Drawdown | -26.3%Tie | -26.3%Tie |
| $10,000 over 5 years | $22,636 | $22,704Best |
| Fund Family | GraniteShares | State Street Investment Management |
| Category | Commodity | Commodity |
| Style | Gold | Gold |
| Inception | Aug 23, 2017 | Jun 25, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 26, 2018 to Oct 14, 2026 (8.3 years).
BAR vs GLDM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.3 years both funds cover.
BAR vs GLDM Performance
Graniteshares Gold Trust (BAR) is an ETF from GraniteShares and SPDR Gold MiniShares Trust (GLDM) is an ETF from State Street Investment Management. Over the past year BAR returned -1.15% while GLDM returned -1.04%. Year to date, BAR is down 5.44% versus a loss of 5.38% for GLDM.
Over three years, BAR compounded at +28.61% per year against +28.75% for GLDM; over five years the annualized figures are +17.75% and +17.82% respectively. Across the full 8-year window we track, GLDM has the edge at +15.14% annualized vs +15.08%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAR and GLDM have been equally volatile, both at 16.1% annualized.
The deepest peak-to-trough decline in our data was -26.3% for BAR and -26.3% for GLDM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BAR charges 0.17% per year while GLDM charges 0.10%. On a $10,000 position that is $17 vs $10 annually, a gap of $7 per year that compounds over a long holding period. On income, BAR currently yields 0.00% against 0.00% for GLDM.
You are not choosing between two funds in isolation.
Whichever of BAR and GLDM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAR or GLDM?
BAR has an expense ratio of 0.17% while GLDM charges 0.10%. GLDM is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, BAR or GLDM?
Over the past year BAR returned -1.15% vs -1.04% for GLDM, so GLDM leads on 1-year performance. Over the longest common window we track (8 years), BAR annualized +15.08% vs +15.14% for GLDM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAR or GLDM?
BAR and GLDM have been equally volatile, both at 16.1% annualized. Worst drawdown: BAR -26.3% vs GLDM -26.3%.
Should I hold both BAR and GLDM?
BAR and GLDM have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BAR or GLDM?
BAR yields 0.00% while GLDM yields 0.00%, so GLDM currently pays the higher dividend yield.
Is GLDM better than BAR?
GLDM has a lower expense ratio. GLDM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.