BAR vs SPY

Comparison between GraniteShares Gold Shares (BAR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceBAR has outperformed SPY, delivering a return of +17.4% compared to +13.0%

BAR vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BAR(ETF)	SPY(ETF)
Net Assets	$1.50B	$784B
Expense Ratio	0.17%	0.09%
Max Drawdown	26.15%	56.47%
Sharpe Ratio	0.72	1.54
5Y Beta	0.23	1.00
P/E Ratio	N/A	27.62
Forward P/E	N/A	21.11
5Y Dividends CAGR	N/A	6.00%
5Y EPS CAGR	N/A	25.30%
Debt to Equity	N/A	31.11%
P/S Ratio	N/A	3.49
P/B Ratio	N/A	5.30

Net Assets

BAR

$1.50B

Winner

SPY

$784B

Expense Ratio

BAR

0.17%

Winner

SPY

0.09%

Max Drawdown

Winner

BAR

26.15%

SPY

56.47%

Sharpe Ratio

BAR

0.72

Winner

SPY

1.54

5Y Beta

Winner

BAR

0.23

SPY

1.00

P/E Ratio

BAR

N/A

SPY

27.62

Forward P/E

BAR

N/A

SPY

21.11

5Y Dividends CAGR

BAR

N/A

SPY

6.00%

5Y EPS CAGR

BAR

N/A

SPY

25.30%

Debt to Equity

BAR

N/A

SPY

31.11%

P/S Ratio

BAR

N/A

SPY

3.49

P/B Ratio

BAR

N/A

SPY

5.30

BAR vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BAR	SPY
1 month	-11.58%	-1.41%
3 months	-9.37%	+12.54%
6 months	-11.06%	+6.77%
1 year	+19.77%	+22.18%
5 years(CAGR)	+17.38%	+13.04%
10 years(CAGR)	+13.18%	+15.54%
Max(CAGR)	+13.18%	+8.44%

BAR

-11.58%

Winner

SPY

-1.41%

BAR

-9.37%

Winner

SPY

+12.54%

BAR

-11.06%

Winner

SPY

+6.77%

BAR

+19.77%

Winner

SPY

+22.18%

5Y(CAGR)

Winner

BAR

+17.38%

SPY

+13.04%

10Y(CAGR)

BAR

+13.18%

Winner

SPY

+15.54%

Max(CAGR)

Winner

BAR

+13.18%

SPY

+8.44%

BAR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BAR	SPY
2026	-7.99%	+7.90%
2025	+61.93%	+18.00%
2024	+27.29%	+25.59%
2023	+12.03%	+26.72%
2022	+0.89%	-18.64%
2021	-6.10%	+30.52%
2020	+24.03%	+17.28%
2019	+18.10%	+31.09%
2018	-2.73%	-5.24%
2017	-1.15%	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BAR vs SPY Drawdown Comparison

The maximum drawdown for BAR was -26.15%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BAR drawdown is -26.15%. The current SPY drawdown is -3.22%.

Rank	BAR	SPY
#1	-26.15% Jan 29, 2026 - Jun 24, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-21.53% Aug 6, 2020 - Dec 27, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-13.46% Jan 24, 2018 - Jun 20, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.45% Mar 9, 2020 - Apr 9, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.05% Oct 20, 2025 - Dec 22, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.37% Sep 8, 2017 - Jan 24, 2018	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.03% Oct 30, 2024 - Jan 30, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-7.10% Apr 21, 2025 - Jun 13, 2025	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.52% Sep 4, 2019 - Jan 6, 2020	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.71% May 20, 2024 - Jul 16, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.86% Mar 31, 2025 - Apr 10, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.86% Dec 26, 2025 - Jan 12, 2026	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.84% Jun 13, 2025 - Aug 29, 2025	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-4.78% Feb 24, 2020 - Mar 5, 2020	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-4.35% Jul 16, 2024 - Aug 12, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BAR and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

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BAR vs SPY

BAR vs SPY - Performance Comparison

Key Characteristics

BAR vs SPY - Historical Returns

BAR vs SPY - Annual Returns (1999 - 2026)

BAR vs SPY Drawdown Comparison

Correlation

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