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 +20.6% compared to +13.3%
BAR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BAR
$1.60B
Winner
SPY
$652B
Expense Ratio
BAR
0.17%
Winner
SPY
0.09%
Max Drawdown
Winner
BAR
21.53%
SPY
56.47%
Sharpe Ratio
BAR
1.25
Winner
SPY
2.07
5Y Beta
Winner
BAR
0.18
SPY
1.00
P/E Ratio
BAR
N/A
SPY
28.24
Forward P/E
BAR
N/A
SPY
21.85
5Y Dividends CAGR
BAR
N/A
SPY
5.43%
5Y EPS CAGR
BAR
N/A
SPY
25.79%
Debt to Equity
BAR
N/A
SPY
22.35%
P/S Ratio
BAR
N/A
SPY
3.55
P/B Ratio
BAR
N/A
SPY
5.29
BAR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BAR
-0.21%
Winner
SPY
+9.11%
3M
BAR
-7.05%
Winner
SPY
+6.59%
6M
Winner
BAR
+17.87%
SPY
+10.56%
1Y
Winner
BAR
+42.71%
SPY
+32.04%
5Y(CAGR)
Winner
BAR
+20.62%
SPY
+13.35%
10Y(CAGR)
Winner
BAR
+15.62%
SPY
+15.49%
Max(CAGR)
Winner
BAR
+15.62%
SPY
+8.50%
BAR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BAR | SPY |
|---|---|---|
| 2026 | +9.00% | +8.27% |
| 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 -21.53%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BAR drawdown is -12.51%.
| Rank | BAR | SPY |
|---|---|---|
| #1 | -21.53% Aug 6, 2020 - Dec 27, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -19.19% Jan 29, 2026 - Mar 26, 2026 | -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 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
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